Chemical Research

  Furfural is a natural organic chemical compound that is extracted from agricultural byproducts such as oat, corn cobs, bagasse and other plant residues. It is colorless or yellow in its liquid form and pale yellow crystalline solid derivative of xylose or other pentoses. Furfural and its derivatives finds applications in various end-use industries such as petroleum refining, foundry resins, lubricant formulations, wetting agents and pharmaceutical formulations. The global furfural market size is estimated to be valued at US$625.21 in 2023 and is expected to exhibit a CAGR of 7.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing applications of furfural across various industries such as refining, agrochemicals, pharmaceuticals and others is the major trend fueling the growth of the furfural market. Furfural aids in enhancing the efficiency of oil recovery processes during petroleum refini...

  Furfural is a highly selective and renewable chemicals produced from agricultural waste. It has wide range of applications including refining petroleum, production of animal feed, solvent extraction, and also used as a building block in the production of furan resins, pharmaceuticals, and other specialty chemicals. The global furfural market is estimated to be valued at US$ 625.21 Mn in 2023 and is expected to exhibit a CAGR of 7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. The global furfural market is driven by increasing demand for renewable and sustainable chemicals. Furfural is mainly derived from agricultural waste such as corncobs, bagasse, and rice hulls which makes it a sustainable chemical. Growing environmental concerns coupled with depleting fossil fuel reserves have increased the demand for bio-based and renewable chemicals across various end-use industries. Moreover, furfural serves as an intermediate in ...