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).

Free Valuable Insights: The Furfural Market is Predict to reach $867.7 Million by 2030, at a CAGR of 5.6%

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

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Furfural Market, by Row Material
1.4.2 North America Furfural Market, by End User
1.4.3 North America Furfural Market, by Application
1.4.4 North America Furfural Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis

Chapter 4. North America Furfural Market, by Row Material
4.1 North America Rice Husk Market, by Country
4.2 North America Corn Cobs Market, by Country
4.3 North America Sugarcane Bagasse Market, by Country
4.4 North America Others Market, by Country

Chapter 5. North America Furfural Market, by End User
5.1 North America Agricultural Formulations Market, by Country
5.2 North America Petroleum Refineries Market, by Country
5.3 North America Paints & Coatings Market, by Country
5.4 North America Pharmaceuticals Market, by Country
5.5 North America Others Market, by Country

Chapter 6. North America Furfural Market, by Application
6.1 North America Furfuryl Alcohol Market, by Country
6.2 North America Solvent Market, by Country
6.3 North America Others Market, by Country

Chapter 7. North America Furfural Market, by Country
7.1 US Furfural Market
7.1.1 US Furfural Market, by Row Material
7.1.2 US Furfural Market, by End User
7.1.3 US Furfural Market, by Application
7.2 Canada Furfural Market
7.2.1 Canada Furfural Market, by Row Material
7.2.2 Canada Furfural Market, by End User
7.2.3 Canada Furfural Market, by Application
7.3 Mexico Furfural Market
7.3.1 Mexico Furfural Market, by Row Material
7.3.2 Mexico Furfural Market, by End User
7.3.3 Mexico Furfural Market, by Application
7.4 Rest of North America Furfural Market
7.4.1 Rest of North America Furfural Market, by Row Material
7.4.2 Rest of North America Furfural Market, by End User
7.4.3 Rest of North America Furfural Market, by Application

Chapter 8. Company Profiles
8.1 TANIN d.d. Sevnica.
8.1.1 Company Overview
8.2 KRBL Ltd.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 SWOT Analysis
8.3 Silvateam S.p.A.
8.3.1 Company Overview
8.3.2 SWOT Analysis
8.4 Merck KGaA
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 Central Romana Corporation Ltd.
8.5.1 Company Overview
8.6 Arcoy Industries Pvt. Ltd.
8.6.1 Company Overview
8.7 Lenzing AG (B & C Industrieholding GmbH)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 Hongye Holding Group Co., Ltd.
8.8.1 Company Overview
8.9 Illovo Sugar Africa Proprietary Limited (Associated British Foods PLC)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.10. Pennakem, LLC (Minafin Group)
8.10.1 Company Overview
8.10.2 SWOT Analysis

TABLE 1 North America Furfural Market, 2019 - 2022, USD Thousands
TABLE 2 North America Furfural Market, 2023 - 2030, USD Thousands
TABLE 3 North America Furfural Market, 2019 - 2022, Hundred Tonnes
TABLE 4 North America Furfural Market, 2023 - 2030, Hundred Tonnes
TABLE 5 North America Furfural Market, by Row Material, 2019 - 2022, USD Thousands
TABLE 6 North America Furfural Market, by Row Material, 2023 - 2030, USD Thousands
TABLE 7 North America Furfural Market, by Raw Material, 2019 - 2022, Hundred Tonnes
TABLE 8 North America Furfural Market, by Raw Material, 2023 - 2030, Hundred Tonnes
TABLE 9 North America Rice Husk Market, by Country, 2019 - 2022, USD Thousands
TABLE 10 North America Rice Husk Market, by Country, 2023 - 2030, USD Thousands
TABLE 11 North America Rice Husk Market, by Country, 2019 - 2022, Hundred Tonnes
TABLE 12 North America Rice Husk Market, by Country, 2023 - 2030, Hundred Tonnes
TABLE 13 North America Corn Cobs Market, by Country, 2019 - 2022, USD Thousands
TABLE 14 North America Corn Cobs Market, by Country, 2023 - 2030, USD Thousands
TABLE 15 North America Corn Cobs Market, by Country, 2019 - 2022, Hundred Tonnes
TABLE 16 North America Corn Cobs Market, by Country, 2023 - 2030, Hundred Tonnes
TABLE 17 North America Sugarcane Bagasse Market, by Country, 2019 - 2022, USD Thousands
TABLE 18 North America Sugarcane Bagasse Market, by Country, 2023 - 2030, USD Thousands
TABLE 19 North America Sugarcane Bagasse Market, by Country, 2019 - 2022, Hundred Tonnes
TABLE 20 North America Sugarcane Bagasse Market, by Country, 2023 - 2030, Hundred Tonnes
TABLE 21 North America Others Market, by Country, 2019 - 2022, USD Thousands
TABLE 22 North America Others Market, by Country, 2023 - 2030, USD Thousands
TABLE 23 North America Others Market, by Country, 2019 - 2022, Hundred Tonnes
TABLE 24 North America Others Market, by Country, 2023 - 2030, Hundred Tonnes
TABLE 25 North America Furfural Market, by End User, 2019 - 2022, USD Thousands
TABLE 26 North America Furfural Market, by End User, 2023 - 2030, USD Thousands
TABLE 27 North America Furfural Market, by End User, 2019 - 2022, Hundred Tonnes
TABLE 28 North America Furfural Market, by End User, 2023 - 2030, Hundred Tonnes
TABLE 29 North America Agricultural Formulations Market, by Country, 2019 - 2022, USD Thousands
TABLE 30 North America Agricultural Formulations Market, by Country, 2023 - 2030, USD Thousands
TABLE 31 North America Agricultural Formulations Market, by Country, 2019 - 2022, Hundred Tonnes
TABLE 32 North America Agricultural Formulations Market, by Country, 2023 - 2030, Hundred Tonnes
TABLE 33 North America Petroleum Refineries Market, by Country, 2019 - 2022, USD Thousands
TABLE 34 North America Petroleum Refineries Market, by Country, 2023 - 2030, USD Thousands
TABLE 35 North America Petroleum Refineries Market, by Country, 2019 - 2022, Hundred Tonnes
TABLE 36 North America Petroleum Refineries Market, by Country, 2023 - 2030, Hundred Tonnes
TABLE 37 North America Paints & Coatings Market, by Country, 2019 - 2022, USD Thousands
TABLE 38 North America Paints & Coatings Market, by Country, 2023 - 2030, USD Thousands
TABLE 39 North America Paints & Coatings Market, by Country, 2019 - 2022, Hundred Tonnes
TABLE 40 North America Paints & Coatings Market, by Country, 2023 - 2030, Hundred Tonnes
TABLE 41 North America Pharmaceuticals Market, by Country, 2019 - 2022, USD Thousands
TABLE 42 North America Pharmaceuticals Market, by Country, 2023 - 2030, USD Thousands
TABLE 43 North America Pharmaceuticals Market, by Country, 2019 - 2022, Hundred Tonnes
TABLE 44 North America Pharmaceuticals Market, by Country, 2023 - 2030, Hundred Tonnes
TABLE 45 North America Others Market, by Country, 2019 - 2022, USD Thousands
TABLE 46 North America Others Market, by Country, 2023 - 2030, USD Thousands
TABLE 47 North America Others Market, by Country, 2019 - 2022, Hundred Tonnes
TABLE 48 North America Others Market, by Country, 2023 - 2030, Hundred Tonnes
TABLE 49 North America Furfural Market, by Application, 2019 - 2022, USD Thousands
TABLE 50 North America Furfural Market, by Application, 2023 - 2030, USD Thousands
TABLE 51 North America Furfural Market, by Application, 2019 - 2022, Hundred Tonnes
TABLE 52 North America Furfural Market, by Application, 2023 - 2030, Hundred Tonnes
TABLE 53 North America Furfuryl Alcohol Market, by Country, 2019 - 2022, USD Thousands
TABLE 54 North America Furfuryl Alcohol Market, by Country, 2023 - 2030, USD Thousands
TABLE 55 North America Furfuryl Alcohol Market, by Country, 2019 - 2022, Hundred Tonnes
TABLE 56 North America Furfuryl Alcohol Market, by Country, 2023 - 2030, Hundred Tonnes
TABLE 57 North America Solvent Market, by Country, 2019 - 2022, USD Thousands
TABLE 58 North America Solvent Market, by Country, 2023 - 2030, USD Thousands
TABLE 59 North America Solvent Market, by Country, 2019 - 2022, Hundred Tonnes
TABLE 60 North America Solvent Market, by Country, 2023 - 2030, Hundred Tonnes
TABLE 61 North America Others Market, by Country, 2019 - 2022, USD Thousands
TABLE 62 North America Others Market, by Country, 2023 - 2030, USD Thousands
TABLE 63 North America Others Market, by Country, 2019 - 2022, Hundred Tonnes
TABLE 64 North America Others Market, by Country, 2023 - 2030, Hundred Tonnes
TABLE 65 North America Furfural Market, by Country, 2019 - 2022, USD Thousands
TABLE 66 North America Furfural Market, by Country, 2023 - 2030, USD Thousands
TABLE 67 North America Furfural Market, by Country, 2019 - 2022, Hundred Tonnes
TABLE 68 North America Furfural Market, by Country, 2023 - 2030, Hundred Tonnes
TABLE 69 US Furfural Market, 2019 - 2022, USD Thousands
TABLE 70 US Furfural Market, 2023 - 2030, USD Thousands
TABLE 71 US Furfural Market, 2019 - 2022, Hundred Tonnes
TABLE 72 US Furfural Market, 2023 - 2030, Hundred Tonnes
TABLE 73 US Furfural Market, by Row Material, 2019 - 2022, USD Thousands
TABLE 74 US Furfural Market, by Row Material, 2023 - 2030, USD Thousands
TABLE 75 US Furfural Market, by Raw Material, 2019 - 2022, Hundred Tonnes
TABLE 76 US Furfural Market, by Raw Material, 2023 - 2030, Hundred Tonnes
TABLE 77 US Furfural Market, by End User, 2019 - 2022, USD Thousands
TABLE 78 US Furfural Market, by End User, 2023 - 2030, USD Thousands
TABLE 79 US Furfural Market, by End User, 2019 - 2022, Hundred Tonnes
TABLE 80 US Furfural Market, by End User, 2023 - 2030, Hundred Tonnes
TABLE 81 US Furfural Market, by Application, 2019 - 2022, USD Thousands
TABLE 82 US Furfural Market, by Application, 2023 - 2030, USD Thousands
TABLE 83 US Furfural Market, by Application, 2019 - 2022, Hundred Tonnes
TABLE 84 US Furfural Market, by Application, 2023 - 2030, Hundred Tonnes
TABLE 85 Canada Furfural Market, 2019 - 2022, USD Thousands
TABLE 86 Canada Furfural Market, 2023 - 2030, USD Thousands
TABLE 87 Canada Furfural Market, 2019 - 2022, Hundred Tonnes
TABLE 88 Canada Furfural Market, 2023 - 2030, Hundred Tonnes
TABLE 89 Canada Furfural Market, by Row Material, 2019 - 2022, USD Thousands
TABLE 90 Canada Furfural Market, by Row Material, 2023 - 2030, USD Thousands
TABLE 91 Canada Furfural Market, by Raw Material, 2019 - 2022, Hundred Tonnes
TABLE 92 Canada Furfural Market, by Raw Material, 2023 - 2030, Hundred Tonnes
TABLE 93 Canada Furfural Market, by End User, 2019 - 2022, USD Thousands
TABLE 94 Canada Furfural Market, by End User, 2023 - 2030, USD Thousands
TABLE 95 Canada Furfural Market, by End User, 2019 - 2022, Hundred Tonnes
TABLE 96 Canada Furfural Market, by End User, 2023 - 2030, Hundred Tonnes
TABLE 97 Canada Furfural Market, by Application, 2019 - 2022, USD Thousands
TABLE 98 Canada Furfural Market, by Application, 2023 - 2030, USD Thousands
TABLE 99 Canada Furfural Market, by Application, 2019 - 2022, Hundred Tonnes
TABLE 100 Canada Furfural Market, by Application, 2023 - 2030, Hundred Tonnes
TABLE 101 Mexico Furfural Market, 2019 - 2022, USD Thousands
TABLE 102 Mexico Furfural Market, 2023 - 2030, USD Thousands
TABLE 103 Mexico Furfural Market, 2019 - 2022, Hundred Tonnes
TABLE 104 Mexico Furfural Market, 2023 - 2030, Hundred Tonnes
TABLE 105 Mexico Furfural Market, by Row Material, 2019 - 2022, USD Thousands
TABLE 106 Mexico Furfural Market, by Row Material, 2023 - 2030, USD Thousands
TABLE 107 Mexico Furfural Market, by Raw Material, 2019 - 2022, Hundred Tonnes
TABLE 108 Mexico Furfural Market, by Raw Material, 2023 - 2030, Hundred Tonnes
TABLE 109 Mexico Furfural Market, by End User, 2019 - 2022, USD Thousands
TABLE 110 Mexico Furfural Market, by End User, 2023 - 2030, USD Thousands
TABLE 111 Mexico Furfural Market, by End User, 2019 - 2022, Hundred Tonnes
TABLE 112 Mexico Furfural Market, by End User, 2023 - 2030, Hundred Tonnes
TABLE 113 Mexico Furfural Market, by Application, 2019 - 2022, USD Thousands
TABLE 114 Mexico Furfural Market, by Application, 2023 - 2030, USD Thousands
TABLE 115 Mexico Furfural Market, by Application, 2019 - 2022, Hundred Tonnes
TABLE 116 Mexico Furfural Market, by Application, 2023 - 2030, Hundred Tonnes
TABLE 117 Rest of North America Furfural Market, 2019 - 2022, USD Thousands
TABLE 118 Rest of North America Furfural Market, 2023 - 2030, USD Thousands
TABLE 119 Rest of North America Furfural Market, 2019 - 2022, Hundred Tonnes
TABLE 120 Rest of North America Furfural Market, 2023 - 2030, Hundred Tonnes
TABLE 121 Rest of North America Furfural Market, by Row Material, 2019 - 2022, USD Thousands
TABLE 122 Rest of North America Furfural Market, by Row Material, 2023 - 2030, USD Thousands
TABLE 123 Rest of North America Furfural Market, by Raw Material, 2019 - 2022, Hundred Tonnes
TABLE 124 Rest of North America Furfural Market, by Raw Material, 2023 - 2030, Hundred Tonnes
TABLE 125 Rest of North America Furfural Market, by End User, 2019 - 2022, USD Thousands
TABLE 126 Rest of North America Furfural Market, by End User, 2023 - 2030, USD Thousands
TABLE 127 Rest of North America Furfural Market, by End User, 2019 - 2022, Hundred Tonnes
TABLE 128 Rest of North America Furfural Market, by End User, 2023 - 2030, Hundred Tonnes
TABLE 129 Rest of North America Furfural Market, by Application, 2019 - 2022, USD Thousands
TABLE 130 Rest of North America Furfural Market, by Application, 2023 - 2030, USD Thousands
TABLE 131 Rest of North America Furfural Market, by Application, 2019 - 2022, Hundred Tonnes
TABLE 132 Rest of North America Furfural Market, by Application, 2023 - 2030, Hundred Tonnes
TABLE 133 Key Information –TANIN d.d. Sevnica.
TABLE 134 Key Information – KRBL Ltd.
TABLE 135 Key Information – Silvateam S.p.A.
TABLE 136 key Information – Merck KGaA
TABLE 137 Key Information – Central Romana Corporation, Ltd.
TABLE 138 Key Information – Arcoy Industries Pvt. Ltd.
TABLE 139 Key Information – Lenzing AG
TABLE 140 Key Information – Hongye Holding Group Co., Ltd.
TABLE 141 Key Information – Illovo Sugar Africa Proprietary Limited
TABLE 142 Key Information – Pennakem, LLC

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Furfural Market, 2019 - 2030, USD Thousands
FIG 3 Key Factors Impacting Furfural Market
FIG 4 Porter’s Five Forces Analysis – Furfural Market
FIG 5 North America Furfural Market share, by Row Material, 2022
FIG 6 North America Furfural Market share, by Row Material, 2030
FIG 7 North America Furfural Market, by Row Material, 2019 - 2030, USD Thousands
FIG 8 North America Furfural Market share, by End User, 2022
FIG 9 North America Furfural Market share, by End User, 2030
FIG 10 North America Furfural Market, by End User, 2019 - 2030, USD Thousands
FIG 11 North America Furfural Market share, by Application, 2022
FIG 12 North America Furfural Market share, by Application, 2030
FIG 13 North America Furfural Market, by Application, 2019 - 2030, USD Thousands
FIG 14 North America Furfural Market share, by Country, 2022
FIG 15 North America Furfural Market share, by Country, 2030
FIG 16 North America Furfural Market, by Country, 2019 - 2030, USD Thousands
FIG 17 Swot Analysis: KRBL Ltd.
FIG 18 Swot Analysis: Silvateam S.p.A.
FIG 19 Swot Analysis: Merck KGaA
FIG 20 Swot Analysis: Lenzing AG
FIG 21 Swot Analysis: Pennakem, LLC