Furfural Derivatives Market are Driving Growth in the Global Furfural Market

The Global Furfural Derivatives Market is a multibillion-dollar industry producing a diverse range of industrial and commercial chemicals. Furfural is a colorless, flammable liquid organic compound with a distinctive smell produced by the acidic decomposition of pentoses like xylose or arabinose found in lignocellulosic materials like corncobs or sugarcane bagasse. Furfural derivatives have numerous applications as solvents, chemical intermediates, and fuel additives. Major applications include furfuryl alcohol, furfurylamine, sodium carboxymethylcellulose, and others.
The Global Furfural Derivatives Market is estimated to be valued at US$ 13.15 billion in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period from 2024 to 2031.