Furfural Market Overview, Dynamics, Trends, Segmentation, Application and Forecast to 2023-2028

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Global Furfural Market Research and Forecast
Report 2023-2028




Author Elena Anderson, Marketing Manager
IMARC Group
Copyright IMARC Service Pvt Ltd. All Rights
Reserved
2019 IMARC All Rights Reserved
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Report Description
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Report Description and Highlights
Report Description
Global Furfural Market Research Report The
latest report by IMARC, titled Furfural Market
Global Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2023-2028 finds that
the global furfural market size reached US 700
Million in 2022. Furfural (C4H3O-CHO), also known
as 2-furaldehyde, is an organic compound that
appears as a colorless or reddish-brown liquid
with a penetrating odor. It is usually obtained
by dehydrating carbon sugars and derived from
agricultural residues, including corncob, rice
husk, cottonseed hulls, and sugarcane bagasse
(SCB) or wood residues. It is widely used as a
raw material to manufacture phenol-furfural-resins
. It is also utilized to produce plastics,
adhesives, nematicides, inks, antacids,
fungicides, fertilizers, and flavoring compounds.
Besides this, furfural is commonly converted into
furfuryl alcohol, tetrahydrofurfuryl alcohol
(THFA), tetrahydrofuran, furan, and diols, which
find extensive applications in numerous
industries across the globe. Request Free Sample
Report https//www.imarcgroup.com/furfural-market
/requestsample
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Report Description and Highlights
Report Description

Global Furfural Market Trends Furfuryl alcohol
is mainly used as a flavoring agent and filler in
manufacturing paints, textiles, plastics, resins,
and adhesives. As a result, the escalating demand
for furfuryl alcohol from end use sectors
represents one of the key factors driving the
market growth. Moreover, due to the rapid growth
in the construction industry, the increasing
usage of furfural in various refractory
materials, such as bricks, fiberglass, and
ceramic composites, has accelerated product
adoption rates. Additionally, there is a rise in
product use in the production of pesticides owing
to the expanding global population, changing
climatic conditions, elevating food security
concerns, and declining arable land. In line with
this, the growing product adoption as a flavoring
agent in wine, beverages, and convenience food
products has augmented the demand for furfural.
Furthermore, the emerging novel applications of
furfural, such as in the production of biofuels,
on account of the surging environmental concerns
and the rising need to minimize reliance on
petrochemicals, have propelled the market growth.
Apart from this, the increasing applications of
furfural derivatives in fiberglass and aircraft
and automotive components are contributing to the
market growth. Other factors, including the
rising product adoption in personal care and
hygiene items, escalating demand for bio-based
chemicals, inflating consumer purchasing power,
and ongoing research and development (RD)
activities, are also anticipated to provide a
positive impact on the market growth. Looking
forward, IMARC Group expects the market value to
reach US 1,060 Million by 2028, expanding at a
CAGR of 6.4 during 2023-2028. Looking forward,
the market value is projected to reach a strong
growth during the forecast period (2023-2028).
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Report Description and Highlights
Report Description
Market Summary Process Insights Quak
er Batch Process Chinese Batch Process
Rosenlew Continuous Process
Others Raw Material Insights
Corn Cobs Rice Husk Sugarcane
Bagasse Others Application Insights
Furfuryl Alcohol Solvent
Others

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Report Description and Highlights
Report Description
End-User Insights Agriculture
Petroleum Refineries Paints and Coating
s Pharmaceuticals Others Regi
onal Insights North America
United States Canada
Asia-Pacific China
Japan India
South Korea Australia
Indonesia Other
s Europe

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Report Description and Highlights
Report Description
Germany France
United Kingdom
Italy Spain
Russia Others Latin Am
erica Brazil M
exico Others Middle Ea
st and Africa Note We are updating our reports,
If you want latest primary and secondary data
(2023-2028) with Cost Module, Business Strategy,
Distribution Channel, etc. Click request free
sample report.

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Report Description and Highlights
Report Description

• Competitive Landscape with Key Players
• Central Romana Corporation Ltd.
  Hongye Holding Group Corporation Limited
  Illovo Sugar Ltd. (Associated British Foods plc)
  KRBL Limited Lenzing Aktiengesellschaft Linzi Orga
  nic Chemical Inc. Ltd. Pennakem LLC Shandong Crown
  chem Industries Co. Ltd Silvateam S.p.a. Tanin d.d
  . Sevnica TransFurans Chemicals bvba Xian Welldon
  Trading Co. Ltd
• View Full Report with TOC List of Figure
  https//www.imarcgroup.com/furfural-market

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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Report Description and Highlights
Report Description

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