The global furfural market is expected to reach a considerable value by 2026, expanding at a substantial CAGR during the forecasted period from 2020 to 2026.


Furfural is a biochemical compound produced from various types of agricultural residues such as rice husk, wood, sugarcane bagasse, and corncob. These residues have a significant amount of hemicellulose, which is used to produce furfural alcohol. Furan based resins are manufactured using furfurals, these resins are further used in the manufacturing of biochemical. The traditional technologies used to produce furfural are insufficient and hence new methods are employed to increase the production. Furfural derivative is another alternative of the furfural alcohol, which is used to make furan derivate. Furfural alcohol is produced using the catalytic hydrogenation of furfural under high temperature and pressure. It is widely used to produce plastic and since, plastic is in high demand among various industries owing to its cheap prices and durability the demand for furfural is rising exponentially. Asia Pacific region is the largest producer of furfural. Countries such as India, China, Bangladesh, Indonesia, Japan, Malaysia, and South Korea have large number of agricultural fields; residues obtained from the products grown in these fields are used as the raw material for making furfural alcohol and solvent. In addition, increased manufacturing units, enhanced heath awareness among public, improved R&D capabilities for product development, market consolidation improved exporting facilities, growing demand for plastic, governments push towards using clean and biochemical products are some of the factors driving the growth for furfural market and is expected to continue the same in the forecasted period.

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