Furfural is an aldehyde that is furan with the hydrogen at position 2 substituted by a formyl group. It has a role as a Maillard reaction product and a metabolite. It is a member of furans and an aldehyde.
Furfural is an organic compound that is obtained from various agricultural byproducts such as corncobs, oat, wheat bran, and sawdust. Outside of China, demand for furfural is relatively small, with little change expected. In the United States, there has been some downturn in furfuryl alcohol use in castings because of the downturn in the oil and gas business. In Western Europe, demand for furfuryl alcohol is expected to increase only slightly in the near future.

The global Furfural market was valued at US$ 771.2 million in 2019 and is expected to reach US$ 1089.3 million by the end of 2026, growing at a CAGR of 5.0% during 2021-2026.
This report focuses on Furfural volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Furfural market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.

Global Furfural Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Purity 99%
Purity 98.5%
Others
Purity 98.5% occupies the largest market share with segmentation of 71% and Purity 99% types grow the fastest

Segment by Application
Furfural Alcohol
Solvent
Others
The largest segment of the Alcohol market was Furfural Alcohol, with 73% of the Solvent market share

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

By Company
Hongye Chemical
Lenzing
Penn A Kem
Central Romana
Illovo Sugar
Zhongkang
Hebei Xingtai Chunlei
Silvateam
Shijiazhuang Guangxin Weiye
Zhucheng Taisheng Chemical
Zibo Huaao Chemical
Henan Huilong Chemical
Pingquan Fengsheng Chemical