Global Furfural
Market Report
2025
The global Furfural market size is USD 388.55 billion in 2024. The Furfural market will show the strongest growth with a compound annual growth rate (CAGR) of 3.56% from 2024 to 2031. This growth can be attributed to biofuel production demand driving furfural market growth.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Furfural market will be USD 388.55 billion in 2024 and expand at a compound annual growth rate (CAGR) of 3.56% from 2024 to 2031.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Furfural Market Sales Revenue | $ 388.55 Billion | 121212 | 121212 | 121212 | 3.56% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by By Raw Materials |
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Market Split by By Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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The growth of the furfural market is primarily driven by several key factors. Firstly, increasing demand for furfural as a renewable and sustainable chemical intermediate in various industries such as pharmaceuticals, agrochemicals, and flavors and fragrances is a significant driver. Furfural is utilized in the production of furan resins, which find applications in the foundry and automotive sectors, further boosting its demand. Additionally, the shift towards bio-based chemicals due to environmental concerns and stringent regulations on petrochemical products is accelerating furfural adoption. Moreover, advancements in production technologies, including the development of efficient extraction methods from agricultural residues like corn cobs and rice husks, are lowering production costs and enhancing market feasibility. These drivers collectively contribute to the growth trajectory of the furfural market globally.
The growth of the furfural market is primarily driven by several key factors. Firstly, increasing demand for furfural as a renewable and sustainable chemical intermediate in various industries such as pharmaceuticals, agrochemicals, and flavors and fragrances is a significant driver. Furfural is utilized in the production of furan resins, which find applications in the foundry and automotive sectors, further boosting its demand. Additionally, the shift towards bio-based chemicals due to environmental concerns and stringent regulations on petrochemical products is accelerating furfural adoption. Moreover, advancements in production technologies, including the development of efficient extraction methods from agricultural residues like corn cobs and rice husks, are lowering production costs and enhancing market feasibility. These drivers collectively contribute to the growth trajectory of the furfural market globally.
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In 2022, Plans for a USD 212 million bio-refinery to create bioethanol from 5 million tonnes of bamboo yearly were revealed by Numaligarh Refinery. To produce 49 metric tons of ethanol, 19 MT of furfural, 11 MT of acetic acid, and other related products, the refinery would also offer chipped bamboo. This project showcases initiatives to diversify the refining business and provide sustainable energy. (Source: https://www.nrl.co.in/)
Top Companies Market Share in Furfural Industry: (In no particular order of Rank)
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In 2022, Plans for a USD 212 million bio-refinery to create bioethanol from 5 million tonnes of bamboo yearly were revealed by Numaligarh Refinery. To produce 49 metric tons of ethanol, 19 MT of furfural, 11 MT of acetic acid, and other related products, the refinery would also offer chipped bamboo. This project showcases initiatives to diversify the refining business and provide sustainable energy. (Source: https://www.nrl.co.in/)
The current report Scope analyzes Furfural Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Furfural Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Furfural Industry growth. Furfural market has been segmented with the help of its By Raw Materials, By Application , and others. Furfural market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, Corncobs is the dominant category that provides high hemicellulose content, which is essential for the efficient extraction of furfural. The abundance and cost-effectiveness of corncobs make them an ideal feedstock for furfural manufacturers. As industries seek sustainable and renewable sources for chemical production, the utilization of corncobs in furfural manufacturing supports market growth, driven by their availability, low cost, and the increasing demand for bio-based chemicals
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This report forecasts revenue growth at global, regional, and country levels, analyzing industry trends and opportunities for each Furfural market application from 2021 to 2032. It explores demand across various end-use industries, offering insights into the performance of applications such as ready-to-eat meals, beverages, and snacks. Key factors like market growth, consumer behavior, technological innovations, regulatory impacts, and regional market dynamics are examined. The report also includes value chain analysis, patent trends, company evaluation matrices, and other confidential data to provide a comprehensive view of each application segment’s evolution in the Furfural market. You can find this information in the full, paid version of the report.
Some of the key By Application of Furfural are:
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Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Furfural Market is witnessing significant growth in the near future.
In 2023, the Corncobs segment accounted for noticeable share of global Furfural Market and is projected to experience significant growth in the near future.
The Furfuryl Alcohol segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Central Romana Corporation , LENZINGAG and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
By Raw Materials | Corncobs, Rice Hulls, Cotton Hulls, Sugarcane Bagasse, Other |
By Application | Furfuryl Alcohol, Solvent, Intermediate, Other |
List of Competitors | Central Romana Corporation, ILLOVO SUGAR AFRICA (PTY) LTD, LENZINGAG, Pennakem, LLC, KRBL |
This chapter will help you gain GLOBAL Market Analysis of Furfural. Further deep in this chapter, you will be able to review Global Furfural Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Furfural. Further deep in this chapter, you will be able to review North America Furfural Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Furfural. Further deep in this chapter, you will be able to review Europe Furfural Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Furfural. Further deep in this chapter, you will be able to review Asia Pacific Furfural Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Furfural. Further deep in this chapter, you will be able to review South America Furfural Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Furfural. Further deep in this chapter, you will be able to review Middle East Furfural Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Furfural. Further deep in this chapter, you will be able to review Middle East Furfural Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Furfural. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation By Raw Materials Analysis 2019 -2031, will provide market size split by By Raw Materials. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by By Raw Materials Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by By Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Furfural market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Corncobs have a significant impact on Furfural market? |
What are the key factors affecting the Corncobs and Rice Hulls of Furfural Market? |
What is the CAGR/Growth Rate of Furfuryl Alcohol during the forecast period? |
By type, which segment accounted for largest share of the global Furfural Market? |
Which region is expected to dominate the global Furfural Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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