PUBLISHER: KBV Research | PRODUCT CODE: 1450573
PUBLISHER: KBV Research | PRODUCT CODE: 1450573
North America Furfural Market Size, Share & Trends Analysis Report By Raw Material (Rice Husk, Corn Cobs, Sugarcane Bagasse, and Others), By End User, By Application, By Country and Growth Forecast, 2023 - 2030
The North America Furfural Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 257.19 hundred tonnes, showcasing a growth of 4.3% (2019-2022).
Collaboration between industry stakeholders, research institutions, and government agencies has played a crucial role in promoting the adoption of furfural. Joint research projects, technology transfer initiatives, and funding programs support the development of furfural-based solutions and foster knowledge exchange and innovation in the market. It serves as a crucial chemical intermediate in synthesizing various organic compounds. It is used to produce furfuryl alcohol, which finds applications in manufacturing foundry resins, lubricants, plastics, and adhesives. Its derivatives are also utilized to synthesize pharmaceutical intermediates, agrochemicals, and specialty chemicals.
Furthermore, it is widely employed as a solvent in different industrial processes due to its excellent solvent properties. It is used for the extraction of oils, separation of hydrocarbons, and purification of chemicals. Furfural-based solvents are valued for their ability to dissolve a wide range of substances and their low volatility compared to conventional solvents. Additionally, furfural and its derivatives have various applications in the pharmaceutical industry. It is a starting material for synthesizing pharmaceutical intermediates and active pharmaceutical ingredients (APIs). Furfuryl alcohol, derived from furfural, produces pharmaceutical coatings, solvents, and drug delivery systems.
Mexico has significant agricultural resources, including corn, sugarcane, and other crops that can serve as feedstocks for furfural production. The abundance of these raw materials can support the country's furfural production growth. Furthermore, the growing availability of raw materials from the agriculture sector may attract investment in furfural production facilities in Mexico. This investment could lead to establishing new production plants or expanding existing ones, thereby increasing the overall capacity and output of furfural in the country. In addition, Mexico's industrial sector is expanding, providing opportunities for the incorporation of furfural and its derivatives into various industries such as chemicals, pharmaceuticals, and agriculture. Thus, the growing agriculture sector in the region is driving the market's growth.
The US market dominated the North America Furfural Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $69,547.5 Thousands by 2030. The Canada market is exhibiting a CAGR of 7.2% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 6.5% during (2023 - 2030).
Based on Raw Material, the market is segmented into Rice Husk, Corn Cobs, Sugarcane Bagasse, and Others. Based on End User, the market is segmented into Agricultural Formulations, Petroleum Refineries, Paints & Coatings, Pharmaceuticals, and Others. Based on Application, the market is segmented into Furfuryl Alcohol, Solvent, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- TANIN d.d. Sevnica.
- KRBL Ltd.
- Silvateam S.p.a.
- Merck KGaA
- Central Romana Corporation, Ltd.
- Arcoy Industries Pvt. Ltd.
- Lenzing AG (B & C Industrieholding GmbH)
- Hongye Holding Group Co., Ltd.
- Illovo Sugar Africa Proprietary Limited (Associated British Foods plc)
- Pennakem, LLC (Minafin Group)
North America Furfural Market Report Segmentation
By Raw Material (Volume, Hundred Tonnes, USD Million, 2019-2030)
- Rice Husk
- Corn Cobs
- Sugarcane Bagasse
- Others
By End User (Volume, Hundred Tonnes, USD Million, 2019-2030)
- Agricultural Formulations
- Petroleum Refineries
- Paints & Coatings
- Pharmaceuticals
- Others
By Application (Volume, Hundred Tonnes, USD Million, 2019-2030)
- Furfuryl Alcohol
- Solvent
- Others
By Country (Volume, Hundred Tonnes, USD Million, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1North America Furfural Market, by Raw Material
- 1.4.2North America Furfural Market, by End User
- 1.4.3North America Furfural Market, by Application
- 1.4.4North America Furfural Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.North America Furfural Market, by Raw Material
- 4.1North America Rice Husk Market, by Country
- 4.2North America Corn Cobs Market, by Country
- 4.3North America Sugarcane Bagasse Market, by Country
- 4.4North America Others Market, by Country
Chapter 5.North America Furfural Market, by End User
- 5.1North America Agricultural Formulations Market, by Country
- 5.2North America Petroleum Refineries Market, by Country
- 5.3North America Paints & Coatings Market, by Country
- 5.4North America Pharmaceuticals Market, by Country
- 5.5North America Others Market, by Country
Chapter 6.North America Furfural Market, by Application
- 6.1North America Furfuryl Alcohol Market, by Country
- 6.2North America Solvent Market, by Country
- 6.3North America Others Market, by Country
Chapter 7.North America Furfural Market, by Country
- 7.1US Furfural Market
- 7.1.1US Furfural Market, by Raw Material
- 7.1.2US Furfural Market, by End User
- 7.1.3US Furfural Market, by Application
- 7.2Canada Furfural Market
- 7.2.1Canada Furfural Market, by Raw Material
- 7.2.2Canada Furfural Market, by End User
- 7.2.3Canada Furfural Market, by Application
- 7.3Mexico Furfural Market
- 7.3.1Mexico Furfural Market, by Raw Material
- 7.3.2Mexico Furfural Market, by End User
- 7.3.3Mexico Furfural Market, by Application
- 7.4Rest of North America Furfural Market
- 7.4.1Rest of North America Furfural Market, by Raw Material
- 7.4.2Rest of North America Furfural Market, by End User
- 7.4.3Rest of North America Furfural Market, by Application
Chapter 8.Company Profiles
- 8.1TANIN d.d. Sevnica.
- 8.1.1Company Overview
- 8.2KRBL Ltd.
- 8.2.1Company Overview
- 8.2.2Financial Analysis
- 8.2.3Segmental and Regional Analysis
- 8.2.4SWOT Analysis
- 8.3Silvateam S.p.A.
- 8.3.1Company Overview
- 8.3.2SWOT Analysis
- 8.4Merck KGaA
- 8.4.1Company Overview
- 8.4.2Financial Analysis
- 8.4.3Segmental and Regional Analysis
- 8.4.4Research & Development Expense
- 8.4.5SWOT Analysis
- 8.5Central Romana Corporation Ltd.
- 8.5.1Company Overview
- 8.6Arcoy Industries Pvt. Ltd.
- 8.6.1Company Overview
- 8.7Lenzing AG (B & C Industrieholding GmbH)
- 8.7.1Company Overview
- 8.7.2Financial Analysis
- 8.7.3Segmental and Regional Analysis
- 8.7.4Research & Development Expenses
- 8.7.5SWOT Analysis
- 8.8Hongye Holding Group Co., Ltd.
- 8.8.1Company Overview
- 8.9Illovo Sugar Africa Proprietary Limited (Associated British Foods PLC)
- 8.9.1Company Overview
- 8.9.2Financial Analysis
- 8.9.3Segmental and Regional Analysis
- 8.9.4Research & Development Expenses
- 8.10.Pennakem, LLC (Minafin Group)
- 8.10.1Company Overview
- 8.10.2SWOT Analysis
LIST OF TABLES
- TABLE 1North America Furfural Market, 2019 - 2022, USD Thousands
- TABLE 2North America Furfural Market, 2023 - 2030, USD Thousands
- TABLE 3North America Furfural Market, 2019 - 2022, Hundred Tonnes
- TABLE 4North America Furfural Market, 2023 - 2030, Hundred Tonnes
- TABLE 5North America Furfural Market, by Raw Material, 2019 - 2022, USD Thousands
- TABLE 6North America Furfural Market, by Raw Material, 2023 - 2030, USD Thousands
- TABLE 7North America Furfural Market, by Raw Material, 2019 - 2022, Hundred Tonnes
- TABLE 8North America Furfural Market, by Raw Material, 2023 - 2030, Hundred Tonnes
- TABLE 9North America Rice Husk Market, by Country, 2019 - 2022, USD Thousands
- TABLE 10North America Rice Husk Market, by Country, 2023 - 2030, USD Thousands
- TABLE 11North America Rice Husk Market, by Country, 2019 - 2022, Hundred Tonnes
- TABLE 12North America Rice Husk Market, by Country, 2023 - 2030, Hundred Tonnes
- TABLE 13North America Corn Cobs Market, by Country, 2019 - 2022, USD Thousands
- TABLE 14North America Corn Cobs Market, by Country, 2023 - 2030, USD Thousands
- TABLE 15North America Corn Cobs Market, by Country, 2019 - 2022, Hundred Tonnes
- TABLE 16North America Corn Cobs Market, by Country, 2023 - 2030, Hundred Tonnes
- TABLE 17North America Sugarcane Bagasse Market, by Country, 2019 - 2022, USD Thousands
- TABLE 18North America Sugarcane Bagasse Market, by Country, 2023 - 2030, USD Thousands
- TABLE 19North America Sugarcane Bagasse Market, by Country, 2019 - 2022, Hundred Tonnes
- TABLE 20North America Sugarcane Bagasse Market, by Country, 2023 - 2030, Hundred Tonnes
- TABLE 21North America Others Market, by Country, 2019 - 2022, USD Thousands
- TABLE 22North America Others Market, by Country, 2023 - 2030, USD Thousands
- TABLE 23North America Others Market, by Country, 2019 - 2022, Hundred Tonnes
- TABLE 24North America Others Market, by Country, 2023 - 2030, Hundred Tonnes
- TABLE 25North America Furfural Market, by End User, 2019 - 2022, USD Thousands
- TABLE 26North America Furfural Market, by End User, 2023 - 2030, USD Thousands
- TABLE 27North America Furfural Market, by End User, 2019 - 2022, Hundred Tonnes
- TABLE 28North America Furfural Market, by End User, 2023 - 2030, Hundred Tonnes
- TABLE 29North America Agricultural Formulations Market, by Country, 2019 - 2022, USD Thousands
- TABLE 30North America Agricultural Formulations Market, by Country, 2023 - 2030, USD Thousands
- TABLE 31North America Agricultural Formulations Market, by Country, 2019 - 2022, Hundred Tonnes
- TABLE 32North America Agricultural Formulations Market, by Country, 2023 - 2030, Hundred Tonnes
- TABLE 33North America Petroleum Refineries Market, by Country, 2019 - 2022, USD Thousands
- TABLE 34North America Petroleum Refineries Market, by Country, 2023 - 2030, USD Thousands
- TABLE 35North America Petroleum Refineries Market, by Country, 2019 - 2022, Hundred Tonnes
- TABLE 36North America Petroleum Refineries Market, by Country, 2023 - 2030, Hundred Tonnes
- TABLE 37North America Paints & Coatings Market, by Country, 2019 - 2022, USD Thousands
- TABLE 38North America Paints & Coatings Market, by Country, 2023 - 2030, USD Thousands
- TABLE 39North America Paints & Coatings Market, by Country, 2019 - 2022, Hundred Tonnes
- TABLE 40North America Paints & Coatings Market, by Country, 2023 - 2030, Hundred Tonnes
- TABLE 41North America Pharmaceuticals Market, by Country, 2019 - 2022, USD Thousands
- TABLE 42North America Pharmaceuticals Market, by Country, 2023 - 2030, USD Thousands
- TABLE 43North America Pharmaceuticals Market, by Country, 2019 - 2022, Hundred Tonnes
- TABLE 44North America Pharmaceuticals Market, by Country, 2023 - 2030, Hundred Tonnes
- TABLE 45North America Others Market, by Country, 2019 - 2022, USD Thousands
- TABLE 46North America Others Market, by Country, 2023 - 2030, USD Thousands
- TABLE 47North America Others Market, by Country, 2019 - 2022, Hundred Tonnes
- TABLE 48North America Others Market, by Country, 2023 - 2030, Hundred Tonnes
- TABLE 49North America Furfural Market, by Application, 2019 - 2022, USD Thousands
- TABLE 50North America Furfural Market, by Application, 2023 - 2030, USD Thousands
- TABLE 51North America Furfural Market, by Application, 2019 - 2022, Hundred Tonnes
- TABLE 52North America Furfural Market, by Application, 2023 - 2030, Hundred Tonnes
- TABLE 53North America Furfuryl Alcohol Market, by Country, 2019 - 2022, USD Thousands
- TABLE 54North America Furfuryl Alcohol Market, by Country, 2023 - 2030, USD Thousands
- TABLE 55North America Furfuryl Alcohol Market, by Country, 2019 - 2022, Hundred Tonnes
- TABLE 56North America Furfuryl Alcohol Market, by Country, 2023 - 2030, Hundred Tonnes
- TABLE 57North America Solvent Market, by Country, 2019 - 2022, USD Thousands
- TABLE 58North America Solvent Market, by Country, 2023 - 2030, USD Thousands
- TABLE 59North America Solvent Market, by Country, 2019 - 2022, Hundred Tonnes
- TABLE 60North America Solvent Market, by Country, 2023 - 2030, Hundred Tonnes
- TABLE 61North America Others Market, by Country, 2019 - 2022, USD Thousands
- TABLE 62North America Others Market, by Country, 2023 - 2030, USD Thousands
- TABLE 63North America Others Market, by Country, 2019 - 2022, Hundred Tonnes
- TABLE 64North America Others Market, by Country, 2023 - 2030, Hundred Tonnes
- TABLE 65North America Furfural Market, by Country, 2019 - 2022, USD Thousands
- TABLE 66North America Furfural Market, by Country, 2023 - 2030, USD Thousands
- TABLE 67North America Furfural Market, by Country, 2019 - 2022, Hundred Tonnes
- TABLE 68North America Furfural Market, by Country, 2023 - 2030, Hundred Tonnes
- TABLE 69US Furfural Market, 2019 - 2022, USD Thousands
- TABLE 70US Furfural Market, 2023 - 2030, USD Thousands
- TABLE 71US Furfural Market, 2019 - 2022, Hundred Tonnes
- TABLE 72US Furfural Market, 2023 - 2030, Hundred Tonnes
- TABLE 73US Furfural Market, by Raw Material, 2019 - 2022, USD Thousands
- TABLE 74US Furfural Market, by Raw Material, 2023 - 2030, USD Thousands
- TABLE 75US Furfural Market, by Raw Material, 2019 - 2022, Hundred Tonnes
- TABLE 76US Furfural Market, by Raw Material, 2023 - 2030, Hundred Tonnes
- TABLE 77US Furfural Market, by End User, 2019 - 2022, USD Thousands
- TABLE 78US Furfural Market, by End User, 2023 - 2030, USD Thousands
- TABLE 79US Furfural Market, by End User, 2019 - 2022, Hundred Tonnes
- TABLE 80US Furfural Market, by End User, 2023 - 2030, Hundred Tonnes
- TABLE 81US Furfural Market, by Application, 2019 - 2022, USD Thousands
- TABLE 82US Furfural Market, by Application, 2023 - 2030, USD Thousands
- TABLE 83US Furfural Market, by Application, 2019 - 2022, Hundred Tonnes
- TABLE 84US Furfural Market, by Application, 2023 - 2030, Hundred Tonnes
- TABLE 85Canada Furfural Market, 2019 - 2022, USD Thousands
- TABLE 86Canada Furfural Market, 2023 - 2030, USD Thousands
- TABLE 87Canada Furfural Market, 2019 - 2022, Hundred Tonnes
- TABLE 88Canada Furfural Market, 2023 - 2030, Hundred Tonnes
- TABLE 89Canada Furfural Market, by Raw Material, 2019 - 2022, USD Thousands
- TABLE 90Canada Furfural Market, by Raw Material, 2023 - 2030, USD Thousands
- TABLE 91Canada Furfural Market, by Raw Material, 2019 - 2022, Hundred Tonnes
- TABLE 92Canada Furfural Market, by Raw Material, 2023 - 2030, Hundred Tonnes
- TABLE 93Canada Furfural Market, by End User, 2019 - 2022, USD Thousands
- TABLE 94Canada Furfural Market, by End User, 2023 - 2030, USD Thousands
- TABLE 95Canada Furfural Market, by End User, 2019 - 2022, Hundred Tonnes
- TABLE 96Canada Furfural Market, by End User, 2023 - 2030, Hundred Tonnes
- TABLE 97Canada Furfural Market, by Application, 2019 - 2022, USD Thousands
- TABLE 98Canada Furfural Market, by Application, 2023 - 2030, USD Thousands
- TABLE 99Canada Furfural Market, by Application, 2019 - 2022, Hundred Tonnes
- TABLE 100Canada Furfural Market, by Application, 2023 - 2030, Hundred Tonnes
- TABLE 101Mexico Furfural Market, 2019 - 2022, USD Thousands
- TABLE 102Mexico Furfural Market, 2023 - 2030, USD Thousands
- TABLE 103Mexico Furfural Market, 2019 - 2022, Hundred Tonnes
- TABLE 104Mexico Furfural Market, 2023 - 2030, Hundred Tonnes
- TABLE 105Mexico Furfural Market, by Raw Material, 2019 - 2022, USD Thousands
- TABLE 106Mexico Furfural Market, by Raw Material, 2023 - 2030, USD Thousands
- TABLE 107Mexico Furfural Market, by Raw Material, 2019 - 2022, Hundred Tonnes
- TABLE 108Mexico Furfural Market, by Raw Material, 2023 - 2030, Hundred Tonnes
- TABLE 109Mexico Furfural Market, by End User, 2019 - 2022, USD Thousands
- TABLE 110Mexico Furfural Market, by End User, 2023 - 2030, USD Thousands
- TABLE 111Mexico Furfural Market, by End User, 2019 - 2022, Hundred Tonnes
- TABLE 112Mexico Furfural Market, by End User, 2023 - 2030, Hundred Tonnes
- TABLE 113Mexico Furfural Market, by Application, 2019 - 2022, USD Thousands
- TABLE 114Mexico Furfural Market, by Application, 2023 - 2030, USD Thousands
- TABLE 115Mexico Furfural Market, by Application, 2019 - 2022, Hundred Tonnes
- TABLE 116Mexico Furfural Market, by Application, 2023 - 2030, Hundred Tonnes
- TABLE 117Rest of North America Furfural Market, 2019 - 2022, USD Thousands
- TABLE 118Rest of North America Furfural Market, 2023 - 2030, USD Thousands
- TABLE 119Rest of North America Furfural Market, 2019 - 2022, Hundred Tonnes
- TABLE 120Rest of North America Furfural Market, 2023 - 2030, Hundred Tonnes
- TABLE 121Rest of North America Furfural Market, by Raw Material, 2019 - 2022, USD Thousands
- TABLE 122Rest of North America Furfural Market, by Raw Material, 2023 - 2030, USD Thousands
- TABLE 123Rest of North America Furfural Market, by Raw Material, 2019 - 2022, Hundred Tonnes
- TABLE 124Rest of North America Furfural Market, by Raw Material, 2023 - 2030, Hundred Tonnes
- TABLE 125Rest of North America Furfural Market, by End User, 2019 - 2022, USD Thousands
- TABLE 126Rest of North America Furfural Market, by End User, 2023 - 2030, USD Thousands
- TABLE 127Rest of North America Furfural Market, by End User, 2019 - 2022, Hundred Tonnes
- TABLE 128Rest of North America Furfural Market, by End User, 2023 - 2030, Hundred Tonnes
- TABLE 129Rest of North America Furfural Market, by Application, 2019 - 2022, USD Thousands
- TABLE 130Rest of North America Furfural Market, by Application, 2023 - 2030, USD Thousands
- TABLE 131Rest of North America Furfural Market, by Application, 2019 - 2022, Hundred Tonnes
- TABLE 132Rest of North America Furfural Market, by Application, 2023 - 2030, Hundred Tonnes
- TABLE 133Key Information -TANIN d.d. Sevnica.
- TABLE 134Key Information - KRBL Ltd.
- TABLE 135Key Information - Silvateam S.p.A.
- TABLE 136key Information - Merck KGaA
- TABLE 137Key Information - Central Romana Corporation, Ltd.
- TABLE 138Key Information - Arcoy Industries Pvt. Ltd.
- TABLE 139Key Information - Lenzing AG
- TABLE 140Key Information - Hongye Holding Group Co., Ltd.
- TABLE 141Key Information - Illovo Sugar Africa Proprietary Limited
- TABLE 142Key Information - Pennakem, LLC
