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Global Furfural Market Research Report:

The latest report by IMARC, titled “ Furfural Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” finds that the global furfural market size reached US$ 700 Million in 2022. Furfural (C4H3O-CHO), also known as 2-furaldehyde, is an organic compound that appears as a colorless or reddish-brown liquid with a penetrating odor. It is usually obtained by dehydrating carbon sugars and derived from agricultural residues, including corncob, rice husk, cottonseed hulls, and sugarcane bagasse (SCB) or wood residues. It is widely used as a raw material to manufacture phenol-furfural-resins. It is also utilized to produce plastics, adhesives, nematicides, inks, antacids, fungicides, fertilizers, and flavoring compounds. Besides this, furfural is commonly converted into furfuryl alcohol, tetrahydrofurfuryl alcohol (THFA), tetrahydrofuran, furan, and diols, which find extensive applications in numerous industries across the globe.

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