Furfural Market Share Growing Rapidly with Development, Recent Trends, Revenue and Forecast to 2018 - 2026

                                                                         
Furfural is a nonpetroleum-based chemical feedstock obtained from agricultural by-products that is organic and sustainable.

                  Furfural Market


Furfural is a nonpetroleum-based chemical feedstock obtained from agricultural by-products that is organic and sustainable. Corn cobs, rice husk, sugarcane bagasse, cotton husk, oat husk, almond husk, olive press cake, and other agricultural residues are commonly utilised in furfural manufacture. When exposed to air, furfural is a colourless or slightly yellowish chemical molecule that darkens quickly. The manufacturing of furfural is based on pentosan-containing residues obtained from the processing of a variety of agricultural and forest products. Furfural is processed in a digester using high-pressure steam, then steam distillation, water–furfural separation, and purification are performed.

One of the key drivers of Furfural Market expansion is furfural's wide range of applications in numerous end-use industries. It's utilised in the production of plastics, adhesives, nematicides, inks, antacids, fungicides, fertilisers, and flavouring compounds all over the world. Furthermore, the adoption of furfural in the food and beverage (F&B) business is being fueled by an increase in demand for packaged food products due to hectic schedules, an increasing working population, rising income levels, and the convenience offered. Furthermore, the growing scarcity of food as a result of rapid urbanisation, rising global population, changing climatic conditions, and shrinking arable land area is driving up demand for furfural in pesticide manufacturing. In addition, the increased emphasis on personal health and cleanliness is fuelling demand for furfural in the manufacturing industry.

Market Segmentation:

By application
  • Furfural alcohol
  • Solvents
  • Others
By raw materials
  • Corn cob
  • Rice husk
  • Bagasse
  • Others

By end-use industry
  • Petroleum
  • Agriculture
  • Paints & coatings
  • Pharmaceutical
  • Others

The global furfural market is highly fragmented due to the presence of many established and local players across the world. Major players involved in the market include Hongye Holding Group Corporation Ltd., Arcoy Biorefinery Pvt. Ltd., Corporation, Ltd., Central Romana, KRBL Ltd., Illovo Sugar Ltd., Lenzing AG, Penn A Kem LLC, Tanin Sevnica d.d., Linzi Organic Chemicals Inc. Ltd., Tieling North Furfural (Group) Co., Ltd., Silvateam S.p.A., and Xingtai Chunlei Furfuryl Alcohol Co., Ltd.

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