Furfural Market - Forecast(2021 - 2026)
Overview Furfural market size is forecast to reach $735.3 million by 2025, after growing at a CAGR of 4.8% during 2020-2025. Furfural is a highly valuable chemical compound. It is colorless, motile, and clear liquid that has a distinct almond benzaldehyde odor. It is also commonly called as furfurol, fural, 2-furfuraldehyde, 2-furanaldehyde, furaldehyde, and 2-furancarboxaldehyde. It is generally produced from the agricultural biomass that has pentosans. The major drivers for the furfural market are the tightening of regulations globally in regards to air pollution standards. Furfurals are green chemicals as the raw materials are extracted from the Agricultural feedstock and lignocellulosic feedstock. The other driver is the public awareness towards the inadequate sources of fossil raw materials. Furfurals replace these fossil materials and are used as alternatives. The rise in demand for non-toxic furfural as solvents in refining petroleum is also a driver in the furfural market. R