Furfural Market Size, Share, Trend, Forecast, & Industry Analysis – 2023-2028

The furfural market is estimated to grow from USD 545.7 million in 2022 to USD 780.65 million by 2028 at a CAGR of 6.03% during the forecast period. Furfural (C5H4O2) is an organic substance that has an odor that is similar to almonds and is colorless or pale yellow in color. Through a procedure called hydrolysis, furfural is produced from a variety of agricultural wastes, including maize cobs, oat hulls, and sugarcane bagasse.