Global Furfural Market Size & Outlook, 2023-2030
Global furfural market, 2018-2030 (US$K)
Related Markets
Global furfural market highlights
- The global furfural market generated a revenue of USD 469.4 thousand in 2023 and is expected to reach USD 661.6 thousand by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5% by 2030.
- In terms of segment, chinese batch process accounted for a revenue of USD 385.5 thousand in 2023.
- Chinese Batch Process is the most lucrative process segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 469.4 thousand |
| Market revenue in 2030 | USD 661.6 thousand |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Chinese batch process |
| Fastest growing segment | Chinese Batch Process |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD thousand |
| Market segmentation | Quaker Batch Process, Chinese Batch Process, Rosenlew Continuous Process |
Other key industry trends
- In terms of revenue, the North America accounted for 5.7% of the global furfural market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, South Korea is the fastest growing regional market and is projected to reach USD 6.9 thousand by 2030.
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Furfural Market Scope
Furfural Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global furfural market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to furfural market will help companies and investors design strategic landscapes.
Chinese batch process was the largest segment with a revenue share of 82.13% in 2023. Horizon Databook has segmented the Global furfural market based on quaker batch process, chinese batch process, rosenlew continuous process covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Furfural Process Outlook (Revenue, USD Thousand, 2018-2030)
- Quaker Batch Process
- Chinese Batch Process
- Rosenlew Continuous Process
- Others
- Global Furfural Raw Material Outlook (Revenue, USD Thousand, 2018-2030)
- Corn Cob
- Sugar Cane Bagasse
- Sunflower Hull
- Rice Husk
- Others
- Global Furfural Application Outlook (Revenue, USD Thousand, 2018-2030)
- Furfuryl Alcohol
- Solvent
- Intermediate
- Others
- Global Furfural End Use Outlook (Revenue, USD Thousand, 2018-2030)
- Agriculture
- Paints & Coatings
- Pharmaceutical
- Food & Beverage
- Refineries
- Others
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global furfural market databook
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Our clientele includes a mix of furfural market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global furfural market , including forecasts for subscribers. This global databook contains high-level insights into Global furfural market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global furfural market size, by regions, 2018-2030 (US$K)
Top 10 countries: Furfural market size, 2023 (US$K)
Global furfural market share, by process, 2023 & 2030 (%, US$K)
Furfural market: Opportunity assessment by country
Global furfural market, by region, 2023 (US$K)
Related regional statistics
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