The Global Furfural Derivatives Market Is Riding Green Chemicals Wave Owing To Growing Environmental Regulations
Furfural Derivatives Market The global furfural derivatives market provides a wide range of industrial and chemical applications for products derived from furfural, an organic chemical compound obtained as a byproduct of processes such as corn cob acid hydrolysis and sugarcane bagasse treatment. Furfural derivatives have advantageous properties like solubility, low toxicity and biodegradability which makes them suitable for use as solvents in industries like pharmaceuticals, petroleum refining, agricultural chemicals and green solvents. The increasing focus on developing bio-based and sustainable alternatives to petroleum-derived chemicals is projected to drive demand for furfural derivatives. The Global Furfural Derivatives Market is estimated to be valued at US$ 13.15 BN in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the global furfural derivatives market are Pyran, Pennakem, LLC, TransFurans Chemical