Good Growth Opportunities in Global Furfural Market Till 2026

Furfural comes from the Latin word furfur which mean bran. Furfural (C5H4O2) is a clear, colourless or a little yellowish liquid. It is a natural precursor to furan-based chemicals. Furfural has potential to become a major renewable chemical for the production of biochemical and biofuels. Few properties of furfural include corrosive resistance, thermosetting properties and physical resistance, which have led to its around 70% contribution to production of resin. Primarily, furfural is composed of agricultural byproducts such as oat, bran, husks, sawdust and corncobs. Furfural manufacturing activity is based on pentosan containing residues, obtained from the processing of various agricultural or forest products, since no commercial synthetic process is discovered. Furfural market deals in B2B trade where furfural is widely used in industries as a base material for synthesizing a family of derived solvents such as tetrahydrofuran, furfuryl alcohol and in the production of resins for metal coatings and moulded plastic. In addition, it is used in the manufacture of insecticides and in the food industry for flavouring purpose. Different raw materials such as, corn cobs, rice husk, bagasse, cotton husk, oat husk, almond husk, almond husk, and olive press cake are used to manufacture furfural.

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Global Furfural Market Segmentation:

On the basis of application global furfural market is segmented into furfuryl alcohol, solvents, pharmaceuticals and chemical intermediates. Apart from this furfural market is used as flavors & fragrance, herbicides and pesticides. Among all the applications, furfuryl alcohol holds highest market share in the global furfural market.

Geographically, furfural market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East & Africa, and Japan. The price of furfural varies region to...