Industry Insights of Furfural Market Outlook 2018-2025

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Furfural Market- Global Industry Insight, Trends,
Outlook, and Opportunity Analysis 2017-2025

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REPORT DESCRIPTION
Furfural Market Overview
Furfural is an organic compound derived from
plant materials such as corncobs, oat, wheat
bran, rice husk, bagasse, and saw dust. It is
usually produced from agricultural wastes rich in
pentosans that are hydroysed to produce furfural
and its byproducts. Furfural is a colorless oil
that readily dissolves in various organic
solvents and is slightly soluble in water. It
exhibits chemically similar properties as that of
other aldehydes and aromatic compounds. It can be
readily hydrogenated to tetrahydrofurans
derivatives, which when are heated with acids
results into solidified polymer or thermosetting
polymer. Hence, it is commercially considered as
a renewable, non-petroleum based chemical
feedstock. Due to these properties, it is widely
used in application industries such as petroleum,
agriculture, paints coatings, and
pharmaceuticals. Increasing environmental
concerns of fossil resources has led to rise in
production of renewable alternatives as suitable
biomass-based platform chemicals. The U.S.
Department of Energy has also selected furfural
as one of the top 30 platform chemicals derived
from biomass. Furfural production was pioneered
in 1921 by the Quaker Oats Company using oat
hulls, corncobs, and bagasse. In 2014, around 300
to 700 kilotons of furfural was produced
worldwide, of which China contributed a major
share. Significant improvements in the production
methods of furfural and its increasing
incorporation in a wide range of applications
have resulted into furfural emerging as a widely
used biomass-based chemical.
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REPORT DESCRIPTION

• Global Furfural Taxonomy
• The global furfural market is classified on the
  basis of the following segments
• By application
• Furfural alcohol
• Solvents
• Others
• By raw materials
• Corn cob
• Rice husk
• Bagasse
• Others
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REPORT DESCRIPTION
Prevalent Scenario in Furfural Market Increasing
inclination of the populace towards renewable
energy to replace fossil resources is a major
factor driving growth of the furfural market. Due
to its key attributes of thermosetting
properties, physical strength, and corrosion
resistance, furfural has emerged as an immediate
alternative to furan-based chemicals. Also, it is
derived from abundantly available biomass, which
makes it a highly preferred biomass-based
chemical. Furfural is mainly used to produce
furfuryl alcohol, which is widely used in
manufacturing polymers, textiles, and
construction materials. The raw materials for
furfural production are the agricultural wastes
which are widely available in the Asia-Pacific
region, especially in China, India, Indonesia,
and Malaysia. The abundant availability of raw
materials and low cost labor available in these
countries is another factor driving the furfural
market in Asia Pacific. Hence, it is also widely
used in production of agricultural formulations
such as herbicides, pesticides, fungicides, and
other synthetic chemical compounds. The rising
trend of incorporation of natural or bio-based
chemicals into pharmaceutical industry has led
the manufacturers to invest in technologies to
broaden the furfural application into
pharmaceutical and cosmetic products. However,
inefficient technology resulting in low yields
and complex production process of furfural
restrains the growth of the market. To Get
Discount on this Report https//www.coherentmarke
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