The global furfural market size is projected to grow from USD 551 million in 2019 to USD 700 million by 2024, at a compound annual growth rate (CAGR) of 4.9% between 2019 and 2024. Increasing demand from various end-use industries such as foundry, pharmaceutical, and textile is the primary factor driving the furfural market.
Furfural is an organic intermediate obtained using renewable sources. It finds use in various applications such as derivatives and solvents as it is a green chemical and has no adverse effect on the environment during its consumption and production.
The furfural market size is projected to grow from USD 551 million in 2019 to USD 700 million by 2024, at a compound annual growth rate (CAGR) ... Read more
