Major Players - Furfural Industry

Jul, 2023 - by CMI

Major Players - Furfural Industry

 

Furfural is a natural substance derived from corncobs, oat, wheat fiber, rice husk, bagasse, and sawdust. Hydrolyzing agricultural residue that is rich in pentosans typically yields furfural and its byproducts. Furfural is a colorless hydrocarbon that readily dissolves in numerous organic solvents. It doesn't dissolve very well in water. It shares many chemical properties with aldehydes and aromatic compounds. It is simple to add hydrogen to tetrahydrofurans to create derivatives, which, when heated with acids, transform into inflexible thermosetting polymers. Therefore, it is viewed as a sustainable chemical feedstock that does not originate from oil in the business world. Due to these characteristics, it is widely used in industries such as oil and gas, agriculture, paints and coatings, and medical.

Furfural demand is rising as people prefer renewable energy over fossil fuels. Furfural is produced from Asia-Pacific agricultural leftovers, especially in China, India, Indonesia, and Malaysia. Asia-Pacific furfural demand is also driven by abundant raw materials and cheap labor. Manufacturers are investing in technology to utilize furfural in pharmaceutical and cosmetic products as the pharmaceutical business incorporates more natural or bio-based substances. Due to government programs encouraging biochemical use, furfural manufacturers can engage in product research and development. The Albertan government has integrated consumer-facing brands with biochemicals and conventional petrochemical sectors, increasing biochemical sector investments.

Prominent Players in the Furfural Industry:

1. Hongye Holding Group Corporation Ltd

Hongye Holding Group Corporation Ltd is expert in supplying & trading of Thiourea dioxide, sodium percarbonate, furfural etc. was founded in 1998 and headquartered in Henan, China. It operates in more than 40 countries.

2. Arcoy Biorefinery Pvt. Ltd

Arcoy Biorefinery Pvt. Ltd was founded in 2007 and headquartered in Ahmedabad, India. It operates in Egypt, Indonesia, Jordan, Kenya, Malaysia, Morocco, Philippines, Senegal, Tanzania, Thailand, Tunisia, UAE and Uganda.

3. Central Romana Corporation Ltd

Central Romana Corporation Ltd. is an agro-industrial tourism company, was founded in 1912 and headquartered in Dominican Republic. It operates in the Dominican Republic and the region. AGROCARNE, which makes meat products from cattle grown by Central Romana Corporation, announced its Food Safety System Certification (FSSC 22000).

4. KRBL Ltd

KRBL Ltd is an Indian rice processing and exporting company, and the world's largest rice miller. It is best known for its India Gate brand of basm

ati rice, which is the largest selling rice brand in India. It was founded in 1889 and headquartered in Uttar Pradesh, India. It operates in more than 82 countries.

5. Illovo Sugar Ltd

Illovo Sugar Ltd was founded in 1891 and headquartered in South Africa. It operates in six African countries. Illovo Sugar Malawi plc congratulates Malawi's Phata Sugarcane Outgrowers Cooperative for winning the Sustainable Agriculture Initiative Platform (SAI Platform)'s inaugural "Growing a Better Planet Award" in June 2023. The global non-profit SAI Platform develops sustainable agriculture solutions through member-driven pre-competitive collaboration. The FSA helps businesses examine, enhance, and confirm on-farm sustainability.

6. Lenzing AG

Lenzing AG is an international group, founded in 1938 and headquartered in LenzingAustria. It operates internationally and in 52 countries. Lenzing celebrates its 40th anniversary in May 2023 by unveiling its novel carbon-neutral LENZINGTM Acetic Acid Biobased at Chemspec Europe 2023.

7.Penn A Kem LLC

Penn A Kem LLC was founded in 1999 and headquartered in Tennessee, USA. It operate as an autonomous business unit with full service manufacturing, pilot facilities, R&D, and worldwide sales and marketing. The United States Department of Agriculture (USDA) has awarded the Certified Biobased Product label to PENNAKEM's VIRIDISOL in January 2020. VIRIDISOL can now display a USDA label highlighting its 100% biobased content.

8. Tanin Sevnica d.d.

Tanin Sevnica d.d. was founded in 1923 and headquartered in Sevnica Commune, Sloveni. It operates globally.

9. Tieling North Furfural (Group) Co., Ltd.

Tieling North Furfural (Group) Co., Ltd. emphasizes on the production of furfural and specializes in the manufacture of furfural alcohol products. It was founded in and headquartered in TielingChina. It operates in.

*Definition: Furfural is an organic compound with the formula C4H3OCHO. It is a colorless liquid, although commercial samples are often brown. It has an aldehyde group attached to the 2-position of furan. It is a product of the dehydration of sugars, as occurs in a variety of agricultural byproducts, including corncobsoatwheat bran, and sawdust

 

 

© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.