Industry Experts, Inc. introduced the global market report on Furfural. The new and an exclusive market research report entitled " Furfural and Furfuryl Alcohol – A Global Market Overview " reveals that the Furfuryl alcohol constitutes the largest application segment for furfural and the trend is likely to continue in the future. This is substantiated by the fact that over the 2018-2024 forecast period, demand for furfural in the production of furfuryl alcohol is anticipated to maintain a faster growth than other applications.

Furfural, also widely known as furfuraldehyde or 2-furaldehyde, is a clear, colorless motile liquid with an aromatic odor reminiscent of almonds. Furfural is produced from agricultural waste biomass, such as corn cobs, sugar cane bagasse, rice and oat hulls, and wood chips, which contain pentosans (xylan, arabinan and polyuronids), the complex carbohydrates contained in the cellulose of plant tissues.

Asia-Pacific is the largest furfural consuming region in the world with an estimated 2018 share of 77%. The region is projected to witness the fastest CAGR during the analysis period 2018-2024 with 4.8% and 6.2% for volume and value respectively.

Contact Information:

Industry Experts Inc.

14726 Ramona Ave

CA

CA91710

USA

Phone : 3204973787

View website

Find More: http://www.prnob.com/release/show/furfural-and-furfuryl-alcohol/44414