Furfural Market Global Forecast to 2024

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Furfural Market worth 700 million by 2024
The report "Furfural Market by Raw Material
(Sugarcane Bagasse, Corncob, Rice Husk and
Others), Application (Derivatives (Furfural
Alcohol and Other Derivatives), solvent) and
Region (Asia-Pacific, Americas, Europe,Middle
East and Africa) - Global Forecast to 2024" The
furfural market size is estimated to grow from
USD 551 million in 2019 and to USD 700 million by
2024, at a CAGR of 4.9 during the forecast
period. The increasing usage of various
derivatives of furfural in different industries
and shift toward green chemicals are propelling
the market.
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Introduction
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. Corncob is extensively used as the
raw material for furfural. This is mainly due to
the high presence of xylose and pentosan, which
are converted into furfural during the synthesis.
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This research report categorizes the global
furfural market

• On the basis of application
• Derivatives
• Solvent
• Others (pharmaceutical,agriculture and food
  beverage)
• On the basis of raw material
• Sugarcane Bagasse
• Corncob
• Rice Husk
• Others (wood chips, oat hulls, and cotton husks)
• On the basis of region
• Americas
• Europe
• APAC
• Middle East Africa

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Key Questions Addressed by the Report

• What was the market size of furfural in 2018?
• What are the global trends in demand for
  furfural?
• Will the market witness an increase or decline in
  demand in the near future?
• What were the revenue pockets for furfural in
  2018?
• Who are the key players in the global furfural
  market?

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Most active players in the modular chillers
market
The leading players in the furfural market are
Transfuran Chemicals (Belgium), Central Romana
Corporation (Dominican Republic), Pennakem (US),
Silvateam (Italy), Illovo Sugar (South Africa),
Hongye Holding Group Corporation (China),
KRBL(India), Lenzing (Austria), Tanin (Slovenia),
and Shandong Crownchem Industries (China).
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On The Basis Of Region
Asia Pacific is projected to be the largest
consumer APAC led the overall furfural market in
2018. The main reason for the growth of the
market in the region is China, which has 85 and
75 of global production and consumption of
furfural, respectively. The demand is attributed
to the growing foundry and pharmaceutical
industries in China. In addition, Thailand has
emerged as the second-largest producer and
exporter of furfural in the region.
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