Furfural Market Analysis Foreseen to Grow Exponentially by 2026

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Furfural Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2026

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Furfural Market Snapshot

• Furfural is a valuable chemical compound. It is a
  clear, colorless motile liquid having a
  characteristic almond-benzaldehyde odor.
• Furfural is also known as 2-furancarboxaldehyde,
  furaldehyde, 2-furanaldehyde, 2-furfuraldehyde,
  fural, and furfurol.
• Its molecular formula is C5H4O2.
• Furfural is produced from agricultural waste
  biomass that contains pentosans, which are aldose
  sugars composed of small rings formed from short,
  five-member chains.

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Furfural Market Properties
Furfural is used as a solvent in refining of
lubrication oils, extraction of butadiene, and
chemical extraction processes of different
types. Demand for furfural for the use in
binding refractory materials and resin-bonded
grinding wheels is high due to its excellent
physical properties. Rapid growth of the
construction industry is expected to augment the
demand for furfural for the use in various
refractory materials such as fiberglass
composites, bricks, and ceramics in the near
future. Depletion of fossil fuel resources is
driving the demand for sustainable products.
This, in turn, is boosting the demand for
furfural worldwide.
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Furfural Market Application

• In terms of application, the furfural market has
  been segmented into furfuryl alcohol, solvents,
  pharmaceuticals, chemical intermediates, and
  others.
• The furfuryl alcohol segment accounts for a
  dominant share of the furfural market.
• Furfuryl alcohol is used in the production of
  furan resins, surface coatings, mortar, specialty
  polymers, chemically resistant resins, and
  adhesives used in foundry cores and molds.
• Currently, furfuryl alcohol is used primarily in
  binders for traditional furan no-bake systems.

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Key players operating in the global furfural
market

• Central Romana Corporation, Ltd.
• Hongye Holding Corporation Ltd.
• Illovo Sugar Ltd.
• Lenzing AG
• Penn A Kem LLC
• Silvateam S.p.A.
• Tanin Senvica d.d.

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