Furfural Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 - 2023
139 Page Report
Highly Fragmented Furfural Market Compels Players to
Innovate and Optimize Production, reports TMR
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Furfural Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
The global furfural market exhibits a highly fragmented structure, with none of the leading players having
significant market share, finds Transparency Market Research in a new study. In 2014, it took six players,
namely, Tieling North Furfural Co. Ltd., Central Romana Corp., Illova Sugar, Xingtai Chunlei Furfuryl Alcohol
Co. Ltd., KRBL Ltd., and Hongye Holding Group Corp. Ltd., to hold around 50% of the overall market.
This fragmentation has led to a strong rivalry between players. To withstand this competition, TMR
recommends participants to improve their current production processes in order to enhance yield and reduce
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Amplified Popularity of Furfural as Renewable Platform Molecule for Fuel and Chemical Synthesis
Boosts its Application
The growing concerns over adverse environmental effect of fossil fuels, due to high carbon content, have led to
an increased requirement for their ecofriendly renewable alternatives, such as biofuels, across the world.
Furfural, over the past few years, has gained significant popularity as a renewable platform molecule for the
synthesis of fuels and chemicals to produce biofuels and biochemicals from the low-cost and widely available