Furfural Market
                     Furfural Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 
2018-2026
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 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.
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
•By end-use industry
•Petroleum
•Agriculture
•Paints & coatings
•Pharmaceutical
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Major Keyplayers: Hongye Holding Group Corporation Ltd., Arcoy Biorefinery Pvt. Ltd., 
Corporation, Ltd., Central Romana, KRBL Ltd., Illovo Sugar Ltd., Lenzing AG, Penn A Kem LLC, 
Tanin Sevnica d.d., Linzi Organic Chemicals Inc. Ltd., Tieling North Furfural (Group) Co., Ltd., 
Silvateam S.p.A., and Xingtai Chunlei Furfuryl Alcohol Co., Ltd.
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