フルフリルアルコール市場 - 予測（2022年～2027年）

フルフリルアルコールの市場規模は、2022年～2027年の間に6.1％のCAGRで拡大し、2027年には6億8,020万米ドルに達すると予測されています。石油化学製品の価格変動を背景に、バイオベースの化学品開発へのシフトが進んでおり、予測期間中、フルフリルアルコール市場の成長の主要な成長要因となるとみられています。

当レポートでは、フルフリルアルコール市場について調査し、市場の概要とともに、用途別、業界別、地域別の動向、および市場に参入する企業のプロファイルなどを提供しています。

目次

第1章 フルフリルアルコール-市場概要

第2章 エグゼクティブサマリー

第3章 フルフリルアルコール市場情勢

第4章 フルフリルアルコール-市場の力

• 促進要因
  • 消費者の意識の高まりによるバイオベース製品の需要拡大
  • フルフリルアルコールの使用に関する環境規制の厳しさの高まり
• 抑制要因
  • フルフリルアルコールの輸送と輸出に関する安全上の問題
• 機会
  • 建設および塗料業界におけるプラスチックの需要拡大
  • ロケット分野の研究開発
• ポーターのファイブフォース分析

第5章 フルフリルアルコール市場、用途別

• 樹脂
• 溶剤
• プラスチック
• 接着剤
• その他

第6章 フルフリルアルコール市場、業界別

• 化学工業
• 金属産業
• その他

第7章 フルフリルアルコール市場、地域別

• 欧州
• アジア太平洋
• 北米
• その他の地域

第8章 フルフリルアルコール-市場エントロピー

第9章 企業プロファイル概要（イントロダクション、財務、主要な洞察、主要な戦略、製品ポートフォリオ、SWOT分析）

第10章 付録

Furfuryl Alcohol market size is forecast to reach $680.2 million by 2027, after growing at a CAGR of 6.1% during 2022-2027. Furfuryl alcohol is an organic compound manufactured by catalytic reduction of furfuran. The raw material furfuran is obtained from sugarcane bagasse, corn cobs, wheat bran and oats among others. It has application in rocketry as a hypergolic fuel which ignites readily in presence of fuming nitric acid and red fuming nitric acid. The strong shift towards the development of bio-based chemicals against the backdrop of volatile Petrochemical prices is expected to remain a key driver for the growth of furfuryl alcohol market during the forecast period.

Report Coverage

The report: "Furfuryl Alcohol Market- Forecast (2022-2027)", by IndustryARC, covers an in-depth analysis of the following segments of the Furfuryl Alcohol Market Industry.

By Raw Material: Corncobs, Rice Hulls, Cotton Hulls, Sugarcane Bagasse, and Others.

By Application: Resins, Solvents, Plastics, Adhesives, Corrosion Inhibitors and Others.

By End-User Industry: Foundry, Food and Beverages, Chemical, Energy, Agriculture, Pharmaceuticals and Others.

By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways

New product developments and increasing investments in research and development of furfuryl alcohol are expected to drive the growth of this market.

Among end-use industry, agriculture segment is projected to lead the furfuryl alcohol market during the forecast period.

Asia Pacific dominated the furfuryl alcohol market.

By Raw Material- Segment Analysis

Corncobs segment held a significant share in furfuryl alcohol market in 2019. The yield from corncob is the maximum, thus, marking corncob the most desirable raw material for production. In addition, corncob, when used as a biomass feedstock, delivers promising opportunities for renewable energy creation. Sugarcane bagasse is a significant agro-industrial byproduct. Large quantities of sugarcane bagasse are easily accessible at low cost in several sugarcane-processing manufacturing facilities, including sugar mills and independent distilleries. Furthermore, a gas-fired boiler in sugar mills can be used to increase the production of bagasse to obtain it as a raw material for production. The storing of bagasse is expensive and complicated, so a furfural unit must be positioned near a sugar mill.

By Application- Segment Analysis

Resins segment held a significant share in furfuryl alcohol market in 2019. Furfuryl alcohol is predominantly used in resinous mortars for joining corrosion inhibiting bricks or tiles in the fabrication of storage tanks, reactors, floors, and fume stacks. The product is used for corrosion-resistant mortars and cement and erosion-resilient fiber-reinforced plastics. Increasing awareness about the effectiveness of the product as a corrosion inhibitor, coupled with its surging demand as an inhibitor in cement, grout, and mortar.

The solvent segment is expected to witness significant growth over the forecast period. The growth can be attributed to extensive usage of product as an industrial solvent and precursor of chemical products, including furfuryl cyanide, halides, methyl furan, esters, and ethers.

By End-User Industry - Segment Analysis

Foundry segment held a significant share in furfuryl alcohol market in 2019 growing at a CAGR of XX% during the forecast period. Presently, furfuryl alcohol is utilized in binders for the regular furan no-bake system and in reduced quantities in furan gas-hardened, warm-box, and hot-box processes. In the foundry application, it competes predominantly with phenol, which is the raw material used for phenolic resins. Growth in the foundry industry due to a surge in metal casting production is estimated to boost the demand for furfuryl alcohol.

The COVID-19 pandemic and subsequent halt in manufacturing activities shall have an impact on the supply availability of a variety of renewable chemicals. Furthermore, current disruption in trade shall also gravely impact the availability of chemical stocks in import-dependent countries.

Geography- Segment Analysis

Asia Pacific dominated the furfuryl alcohol market with a share of more than XX%, followed by North America and Europe The growth can be attributed to increasing demand from end-use industries, such as paints and coatings, cement, construction, and agriculture. Factors such as stable economic growth, increasing industrial production, and consistent growth in automotive sales in economies, such as China, Japan, and India, are expected to fuel the product demand in the region. In addition, easy raw material availability, along with 400 factories manufacturing furfural in China, has boosted furfuryl alcohol production in the country. Moreover, presence of a large number of foundries in China, India, U.S., and Japan, along with growing inclusion of product for manufacturing molds, is estimated to trigger the market growth in the near future.

Drivers - Furfuryl Alcohol Market

Growing demand for furfuryl alcohol

Furfuryl alcohol is a chemical, which is derived from furfural. Furfuryl alcohol plays a vital role in the production of foundry sand binders due to its high reactivity. This alcohol has been extensively used for producing cores and mold for metal for many decades. It is also used in the production of tetrahydrofurfuryl alcohol (THFA), which is widely used in the pharmaceutical industry. According to the World Foundry Organization, the foundry industry is expected to grow by 13.0-14.0% until 2025 in India, which is expected to be the second-largest foundry market in the world, after China. Therefore, the growing foundry industry is leading to the demand for furfuryl alcohol, thereby boosting the market.

Challenges - Furfuryl Alcohol Market

Raw material prices

Volatility in price of feedstock being used for production 2-(Hydroxymethyl)furan is identified as restraining factor for the furfuryl alcohol market. In addition, seasonality of the agricultural raw materials used for production of 2-(Hydroxymethyl) furan is also hampering the growth of the market. Moreover, safety issues in regards to transport and export of Furfuryl alcohol is the key restraint for the growth of furfuryl alcohol market.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the furfuryl alcohol market. In 2019, the market of furfuryl alcohol has been consolidated by the top five players accounting for xx% of the share. Major players in the furfuryl alcohol market are TransFurans Chemicals bvba, Tieling North Furfuryl alcohol (Group) Co. Ltd., Hongye holding group corporation limited, DynaChem Incorporated, Nova Molecular Technologies, Inc., Xingtai Chunlei Furfuryl Alcohol Co., Ltd., Penn A Kem LLC, and Zhucheng Taisheng Chemical Co., Ltd. among others.

Geographical Expansion

In 2016, an India-based Company, KRBL set up a furfuryl alcohol plant at Bhasaur, Dhuri District, Sangrur in the state of Punjab at a total cost of more than US$ 2.0 Mn. The company, through this plant, intends to convert furfuryl oil into refined furfuryl alcohol, as there is huge demand for furfuryl alcohol in India.

Table of Contents

1. Furfuryl Alcohol - Market Overview

2. Executive Summary

3. Furfuryl Alcohol Market Landscape

• 3.1. Market Share Analysis
• 3.2. Comparative Analysis
• 3.3. Product Benchmarking
• 3.4. End User Profiling
• 3.5. Top 5 Financials Analysis

4. Furfuryl Alcohol - Market Forces

• 4.1. Drivers
  • 4.1.1. Increased demand for bio-based products due to increasing awareness among consumers
  • 4.1.2. Growing stringency of environmental regulations in regards to usage of Furfuryl alcohol
• 4.2. Restraints
  • 4.2.1. Safety issues in regards to transport and export of Furfuryl alcohol
• 4.3. Opportunities
  • 4.3.1. Increasing demand for plastics in the construction and paints industry
  • 4.3.2. R&D in the field of rocketry
• 4.4. Porter's Five Forces Analysis
  • 4.4.1. Bargaining Power of Suppliers
  • 4.4.2. Bargaining Power of Buyers
  • 4.4.3. Threat of New Entrants
  • 4.4.4. Threat of Substitutes
  • 4.4.5. Degree of Competition

5. Furfuryl Alcohol Market, By Application

• 5.1. Resins
• 5.2. Solvents
• 5.3. Plastics
• 5.4. Adhesives and
• 5.5. Others

6. Furfuryl Alcohol Market, By Industry

• 6.1. Chemical Industry
• 6.2. Metals Industry and
• 6.3. Others

7. Furfuryl Alcohol Market, By Geography

• 7.1. Europe
  • 7.1.1. Germany
  • 7.1.2. France
  • 7.1.3. Italy
  • 7.1.4. Spain
  • 7.1.5. Russia
  • 7.1.6. U.K.
  • 7.1.7. Rest of Europe
• 7.2. Asia Pacific
  • 7.2.1. China
  • 7.2.2. India
  • 7.2.3. Japan
  • 7.2.4. South Korea
  • 7.2.5. Rest of Asia-Pacific
• 7.3. North America
  • 7.3.1. U.S.
  • 7.3.2. Canada
  • 7.3.3. Mexico
• 7.4. Rest of the World (RoW)
  • 7.4.1. Brazil
  • 7.4.2. Rest of RoW

8. Furfuryl Alcohol - Market Entropy

• 8.1. Expansion
• 8.2. Technological Developments
• 8.3. Merger & Acquisitions, and Joint Ventures
• 8.4. Supply- Contract

9. Company Profiles (By- Introduction, Financials, Key Insights, Key Strategy, Product Portfolio, SWOT Analysis)

• 9.1. Company 1
• 9.2. Company 2
• 9.3. Company 3
• 9.4. Company 4
• 9.5. Company 5
• 9.6. Company 6
• 9.7. Company 7
• 9.8. Company 8
• 9.9. Company 9
• 9.10. Company 10

More than 10 Companies are profiled in this Research Report*

"*Financials would be provided on a best efforts basis for private companies"

10. Appendix

• 10.1. Abbreviations
• 10.2. Sources
• 10.3. Research Methodology
• 10.4. Bibliography
• 10.5. Compilation of Expert Insights
• 10.6. Disclaimer