Furfuryl Alcohol Market Size & Analysis for North America, Europe, APAC, South America, Middle East and Africa - US, UK, France, Germany, China – 2025-2029

Furfuryl Alcohol Market Size 2025-2029

The global furfuryl alcohol market is expected to experience significant growth, forecasted to grow by USD 100-300 million at a CAGR of 6%-8% from 2025 to 2029. Exact values for this market can be accessed upon purchasing the report.

This growth is driven by several key factors, including the increasing demand from diverse industries such as foundry applications and the production of eco-friendly resins. Furfuryl alcohol's renewable origins, derived from agricultural byproducts like sugarcane bagasse and corn cobs, further boost its appeal in line with growing sustainability trends. The pharmaceutical sector's rising use of furfuryl alcohol in synthesizing intermediates is also contributing to the market's expansion.

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How Is This Market Segmented?

The furfuryl alcohol market is segmented based on application, end-use, and region. Key segments include:

• Application:
  • Resins
  • Solvents
  • Corrosion Inhibitors
  • Others
• End-User:
  • Foundry
  • Pharmaceuticals
  • Agriculture
  • Paints & Coatings
  • Food & Beverage
  • Others
• Geography:
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • Middle East and Africa

Application Insights

The resin segment accounted for the largest revenue share in 2024, driven by increased demand across sectors like automotive, construction, and packaging. Furfuryl alcohol-based resins are valued for their durability and lightweight characteristics, making them ideal for metal casting applications. As industries continue to prioritize lightweight and high-performance materials, demand for these resins is expected to rise.

End-Use Insights

The foundry sector remains the dominant end-user category, primarily driven by the use of furan resins in making sand molds and cores for precision metal casting, which is crucial for industries like automotive and aerospace.

Regional Analysis

• Asia Pacific holds the largest market share. China, with its large manufacturing base and rapidly growing automotive industry, leads the region. The region’s abundant agricultural residues such as corncobs support the production of furfuryl alcohol, further driving market growth.
• The Middle East & Africa market is anticipated to grow at the fastest rate, driven by increasing industrial activities and a growing demand for sustainable materials in construction and automotive sectors.
• Europe and North America markets are also expected to see strong growth, bolstered by stringent environmental regulations and the rising demand for bio-based, eco-friendly chemicals. In particular, Germany’s automotive sector is a key contributor to the furfuryl alcohol market in Europe.

Market Dynamics

The growth of the furfuryl alcohol market is influenced by a combination of industrial demand, sustainability trends, and technological advancements. The pharmaceutical industry's growing focus on eco-friendly and bio-based chemicals, coupled with the increasing use of furfuryl alcohol in resin production for metal casting, continues to drive market expansion. The renewable nature of furfuryl alcohol is also an important factor as industries look to adopt more sustainable practices.

Key Companies & Market Insights

This market research report includes detailed analyses of the competitive landscape of the market and information on close to 20 key companies, including:

• ILLOVO SUGAR AFRICA (PTY) LTD.
• Linzi Organic Chemical Inc. Ltd.
• TransFurans Chemicals bvba
• DalinYebo
• Hebeichem
• Silvateam S.p.a.
• Shandong Crownchem Industries Co., Ltd.
• Hongye Holdings Group Corp., Ltd.
• Xian Welldon Trading Co., Ltd.
• Furnova Polymers Ltd.
• NC Nature Chemicals

These companies are focusing on strategic partnerships, new product developments, and expanding their reach to capitalize on the growing demand for furfuryl alcohol, particularly in the foundry and pharmaceutical sectors. With increasing investments in innovation, these players are well-positioned to drive the market forward.

Market Scope

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• Detailed information on key market players, including market positioning, product offerings, and more