Furfural Market Size, Share, Growth Analysis, By Process(Chinese Batch Process and Quaker Batch Process), By End-User(Pharmaceuticals, Flavors and Fragrances, Agriculture, and Plastics and Resins), By Region - Industry Forecast 2024-2031

The Asia-Pacific (APAC) region dominated the global market, accounting for the largest market share in terms of both volume and value. The region is expected to witness the fastest growth during the forecast period, owing to the increasing demand for furfural in various end-use industries, such as pharmaceuticals, agrochemicals, and food & beverage. China is the largest consumer and producer of furfural in the Asia-Pacific region, owing to the abundant availability of agricultural waste, such as corn cobs, rice husks, and wheat straw. The country is expected to witness significant growth during the forecast period, owing to the increasing demand for furfural-based products in the pharmaceutical and agrochemical industries. India is also a significant market for furfural, owing to the growing demand for renewable chemicals and bio-based products. The country is expected to witness significant growth during the forecast period, owing to the increasing demand for furfural-based products in various end-use industries, such as pharmaceuticals, food & beverage, and agrochemicals. Japan is another significant market for furfural in the Asia-Pacific region, owing to the increasing demand for furfural-based products in various end-use industries, such as pharmaceuticals and chemicals. The country is expected to witness steady growth during the forecast period. South Korea is also a significant market for furfural in the Asia-Pacific region, owing to the increasing demand for furfural-based products in various end-use industries, such as pharmaceuticals, agrochemicals, and chemicals. The country is expected to witness moderate growth during the forecast period.

The North American furfural market is expected to grow at the fastest CAGR. The market is expected to grow significantly in the coming years, driven by the increasing demand for furfural-based products in various end-use industries such as pharmaceuticals, agrochemicals, and flavors & fragrances. The United States is the largest consumer of furfural in North America. The country has a well-established pharmaceutical industry, which is expected to drive the demand for furfural-based products. Furfural is used as a key ingredient in the production of furfuryl alcohol, which is used in the manufacturing of resins, adhesives, and coatings. The increasing demand for these products is expected to drive the demand for furfural in the region. Canada is another major market for furfural in North America. The country has a well-developed agricultural industry, which is expected to drive the demand for furfural-based products in the region.