Furfural Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to furfural market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Furfural Market News

Origin Materials announced in June 2023 the opening of Origin 1, the first commercial CMF (chloromethyl furfural) factory in the world.
In January 2023, The Chinese government announced plans to invest heavily in the furfural industry as part of its efforts to promote the development of renewable energy and reduce carbon emissions.
In September 2022, Mitsui Chemicals, a Japanese chemical company, announced the development of a new furfural-based thermoplastic resin, which is expected to be used in various applications such as automotive parts and electronic components.
In July 2022, CFF GmbH & Co. KG, a German-based company specializing in the production of specialty chemicals, announced the development of a new furfural-based resin system for the construction industry.

Furfural Market Report Snapshots

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Furfural Market size was valued at USD 571.0 million in 2023 and is poised to grow from USD 612.11 million in 2024 to USD 1067.55 million by 2032, growing at a CAGR of 7.2% during the forecast period (2025-2032).

Central Romana Corporation Ltd., Arcoy Biorefinery Pvt. Ltd., Penn A Kem LLC, Tieling North Furfural (Group) Co. Ltd., Silvateam S.p.A., Hongye Holding Group Corporation Ltd., TransFurans Chemicals BVBA, Tanin Sevnica d.d., Linzi Organic Chemicals Inc., Illovo Sugar Africa (Pty) Ltd., KRBL Ltd., NCAB Group AB, Lenzing AG, Furfural Espanol S.A., Silvateam Brasil Ltda., Zibo Xinye Chemical Co. Ltd., Quimica del Cinca S.L., Xingtai Chunlei Furfuryl Alcohol Co. Ltd., Xingtai Lantian Fine Chemical Co. Ltd., Penta Manufacturing Company

One major driver for the furfural market is its use as a renewable and environmentally friendly chemical.

Global furfural market is experiencing significant growth, driven by increasing demand for renewable chemicals and bio-based products.

The Asia-Pacific (APAC) region dominated the global market, accounting for the largest furfural market share in terms of both volume and value.

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Furfural Market Updates

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