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Furfural Market Analysis Foreseen to Grow Exponentially by 2026<br>
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Furfural Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2026 ©2019 Transparency Market Research, All Rights Reserved
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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. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved
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.
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. ©2019 Transparency Market Research, All Rights Reserved
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. TaninSenvicad.d. ©2019 Transparency Market Research, All Rights Reserved
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