Highly Fragmented Furfural Market Compels Players to Innovate and Optimize Production

Transparency Market

Research

Furfural Market - Global Industry Analysis, Size, Share,

Growth, Trends and Forecast 2015 - 2023

Published Date

09-Dec-2015

139 Page Report

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Highly Fragmented Furfural Market Compels Players to

Innovate and Optimize Production, reports TMR

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Furfural Market

REPORT DESCRIPTION

Furfural Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

The global furfural market exhibits a highly fragmented structure, with none of the leading players having

significant market share, finds Transparency Market Research in a new study. In 2014, it took six players,

namely, Tieling North Furfural Co. Ltd., Central Romana Corp., Illova Sugar, Xingtai Chunlei Furfuryl Alcohol

Co. Ltd., KRBL Ltd., and Hongye Holding Group Corp. Ltd., to hold around 50% of the overall market.

This fragmentation has led to a strong rivalry between players. To withstand this competition, TMR

recommends participants to improve their current production processes in order to enhance yield and reduce

product cost.

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Amplified Popularity of Furfural as Renewable Platform Molecule for Fuel and Chemical Synthesis

Boosts its Application

The growing concerns over adverse environmental effect of fossil fuels, due to high carbon content, have led to

an increased requirement for their ecofriendly renewable alternatives, such as biofuels, across the world.

Furfural, over the past few years, has gained significant popularity as a renewable platform molecule for the

synthesis of fuels and chemicals to produce biofuels and biochemicals from the low-cost and widely available

biomass. This amplified popularity has rocketed its demand in the...