Growing Demand for Bio-Based Products Spurring Adoption of Furfural Derivatives Across End-Use Applications, Finds TMR
The top five companies in the global furfural derivatives market together accounted for 57% of the overall market in 2015. These players are Penn A Kem LLC, Nova Molecular Technologies, Inc., Sinochem Qingdao Co. Ltd., Hongye Chemical Co. Ltd., and Corbion NV. The growing presence of small and large companies has intensified the competition in the global furfural derivatives market, states Transparency Market Research, and the degree of rivalry is likely to remain high throughout the forecast period.
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