China Furfural Derivatives Market Size & Outlook, 2022-2030
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China furfural derivatives market highlights
- The China furfural derivatives market generated a revenue of USD 5,382,314.5 million in 2022 and is expected to reach USD 10,445,446.6 million by 2030.
- The China market is expected to grow at a CAGR of 8.6% from 2023 to 2030.
- In terms of segment, tetrahydrofuran was the largest revenue generating application in 2022.
- Tetrahydrofurfuyl Alcohol is the most lucrative application segment registering the fastest growth during the forecast period.
Furfural derivatives market data book summary
| Market revenue in 2022 | USD 5,382,314.5 million |
| Market revenue in 2030 | USD 10,445,446.6 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Tetrahydrofuran |
| Fastest growing segment | Tetrahydrofurfuyl Alcohol |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 1-5 Pentanediol, Furoic Acid, Tetrahydrofuran, 2 Methyl Tetrahydrofuran, 2 Methylfuran, Maleic Anhydride, Cyclopentanone, Tetrahydrofurfuyl Alcohol |
| Key market players worldwide | Pyran Inc., Pennakem LLC, TransFurans Chemicals, Basf SE, Ube Corp, Ab Enterprises, Hefei TNJ Chemical Industry Co., International Furan Chemicals |
Other key industry trends
- In terms of revenue, China accounted for 43.1% of the global furfural derivatives market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China furfural derivatives market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 10,445,446.6 million by 2030.
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Furfural Derivatives Market Scope
Furfural Derivatives Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| International Furan Chemicals | View profile | 11-50 | Rotterdam, Zuid-Holland, The Netherlands, Europe | https://www.furan.com |
| Ab Enterprises | View profile | 11-50 | Bhubaneswar, Orissa, India, Asia | https://www.abentp.com |
| Pennakem LLC | View profile | 101-250 | Memphis, Tennessee, United States, North America | http://pennakem.com |
| Pyran Inc. | View profile | 11-50 | Madison, Wisconsin, United States, North America | https://pyranco.com/ |
| Hefei TNJ Chemical Industry Co. | View profile | 51-100 | Hefei, Anhui, China, Asia | http://www.tnjchem.com |
| TransFurans Chemicals | View profile | 11-50 | Geel, Antwerpen, Belgium, Europe | https://www.transfurans.be |
| Ube Corp | View profile | 8019 | Seavans North Building, 1-2-1, Shibaura, Minato-Ku, Tokyo, Japan, 105-8449 | https://www.ube.co.jp |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
China furfural derivatives 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 derivatives market will help companies and investors design strategic landscapes.
Tetrahydrofuran was the largest segment with a revenue share of 68.06% in 2022. Horizon Databook has segmented the China furfural derivatives market based on 1-5 pentanediol, furoic acid, tetrahydrofuran, 2 methyl tetrahydrofuran, 2 methylfuran, maleic anhydride, cyclopentanone, tetrahydrofurfuyl alcohol covering the revenue growth of each sub-segment from 2018 to 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the China furfural derivatives market , including forecasts for subscribers. This country databook contains high-level insights into China furfural derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China furfural derivatives market size, by 2 methylfuran, 2018-2030 (US$M)
China Furfural Derivatives Market Outlook Share, 2022 & 2030 (US$M)
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