Due to the abundance of available raw materials and the rapidly expanding infrastructure industry, the Asia-Pacific region dominates the global furfural market. Due to the region's growing use of bio-based chemicals in petroleum refineries and the pharmaceutical industry, Europe currently has the fastest growth rate.
Due to the existence of numerous well-established and local players all over the world, the global furfural market is highly fragmented. Xingtai Chunlei Furfuryl Alcohol Co., Ltd., Central Romana, KRBL Ltd., Illovo Sugar Ltd., Lenzing AG, Penn A Kem LLC, Tanin Sevnica d.d., Linzi Organic Chemicals Inc. Ltd., Tieling North Furfural (Group) Co., Ltd., Silvateam S.p.A., and Hongye Holding Group Corporation Ltd. are significant market participants.
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