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 ... Read more
Zion Market Research has published a new report titled “Furfural Market for Solvents, Pharmaceuticals, Furfuryl Alcohol and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022.”According to the report, global furfural market was valued at USD 641.8 million in 2016 and is expected to reach USD 1,200.4 million in 2022, growing at a CAGR of 11.0% between 2017 and 2022.
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. ... Read more
In the recent time, the demand for bio-based fuels and chemicals have reported a significant rise, thanks to the growing awareness regarding the renewable alternatives of fossil resources. Furfural, being a renewable platform molecule for the production of biofuels and biochemicals, is gaining significant impetus from this rising demand.
The pharmaceutical industry is also presenting lucrative opportunities for the application of this organic compound. As furfural acts as a natural ... Read more
The Global furfural marketis expected to reach USD 1,200.9 million by 2020, according to a new study by Grand View Research, Inc. Industry shift towards minimizing dependence on conventional petrochemicals on account of growing environmental concerns and volatile prices ... Read more
According to a market report by Lucintel, the future of the global furfural market looks promising with opportunities in the agriculture, paints ... Read more
According to a market report by Lucintel, the future of the global furfural market looks promising with opportunities in the agriculture, paints & coating, pharmaceutical, food & beverage, and refinery markets. The global furfural market is expected to reach an estimated $985.9 million by 2030 with a CAGR of 6.5% ... Read more
According to a market report by Lucintel, the future of the global furfural market looks promising with opportunities in the agriculture, paints & coating, pharmaceutical, food & beverage, and refinery markets. The global furfural market is expected to reach an estimated $985.9 million by 2030 with a CAGR of 6.5% ... Read more
Furfural is a natural organic compound derived as a byproduct of the biorefining of lignocellulosic biomass such as corncobs, oat hulls, and birch woodchips. It is predominantly used as a solvent and foundry reagent. Furfural has low toxicity and exhibits high solubility in various organic solvents. It finds wide usage in refining petroleum, production of medicinal fumes, extraction of oils from seeds, and synthesis of furan resins.
The global furfural market is estimated to be ... Read more
Furfural is an organic compound obtained as a by-product of processing agricultural commodities like corncobs, oat, wheat bran, and sugarcane bagasse. It is a colorless liquid with a pleasant aroma that derives from plant materials like agricultural residues. Furfural finds application as a solvent and in the production of several industrial chemicals. It is used in industries like pharmaceuticals, petroleum, and agricultural which drives its demand globally.
