Product Code: GVR-4-68038-483-3
Furfuryl Alcohol Market Growth & Trends:
The global furfuryl alcohol market size is expected to reach USD 685.1 million by 2030, registering a CAGR of 6.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. Factors such as rising demand for furfuryl alcohol resins from the construction and automotive sectors are expected to drive the market in the near future.
The product has witnessed high demand over the past decade, owing to its growing usage in the foundry, agriculture, and construction industries, among others. The product is broadly utilized in resins and plastics applications. A surge in research and development activities in the area of rocket fuel is estimated to trigger the demand. The products also play an essential role in manufacturing in the foundry sector in the formulation of molds for metal casting.
Asia Pacific is the largest producer as well as consumer of furfuryl alcohol due to increasing concerns regarding renewable products and growing population resulting in high demand for consumer products. The majority of the furfural manufactured in China, more than 85%, is utilized in the production of furfuryl alcohol. Consequently, the growing demand from various end-use industries, in regions such as Europe, is estimated to boost the furfural market growth over the forecast period.
Manufacturers compete on the basis of competitive pricing owing to the presence of price-sensitive buyers. Furthermore, the recent COVID-19 impact causing logistic disruption along with production shutdowns, especially in China have negatively influenced the pricing dynamics. However, the rapid growth of end-use industries along with recovering the production of furfuryl alcohol which is inclined toward bridging the gap between demand and supply is projected to stabilize the prices over the forecast period.
Furfuryl Alcohol Market Report Highlights:
- The resin applications segment dominated the market and accounted for the largest revenue share of 86.9% in 2024 attributed to the increased demand for plastics across various sectors, including automotive, construction, and packaging.
- The foundry segment dominated the market and accounted for the largest revenue share of 83.2% in 2024 attributed to its crucial role in producing high-performance furan resins for making sand molds and cores.
- Asia Pacific furfuryl alcohol market dominated the global market and accounted for the largest revenue share of 69.1% in 2024 attributed to its robust industrial landscape and increasing demand from various sectors.
- The Middle East and Africa furfuryl alcohol market is expected to grow at the fastest CAGR of 6.3% from 2025 to 2030, owing to increasing industrial activities and investments in chemical manufacturing.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Furfuryl Alcohol Market Variables, Trends & Scope
- 3.1. Global Furfuryl Alcohol Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Technology Overview
- 3.4. Average Price Trend Analysis
- 3.5. Supply-Demand GAP Analysis, 2024
- 3.6. Regulatory Framework
- 3.6.1. Policies and Incentive Plans
- 3.6.2. Standards and Compliances
- 3.6.3. Regulatory Impact Analysis
- 3.7. Market Dynamics
- 3.7.1. Market Driver Analysis
- 3.7.2. Market Restraint Analysis
- 3.7.3. Industry Challenges
- 3.8. Porter's Five Forces Analysis
- 3.8.1. Supplier Power
- 3.8.2. Buyer Power
- 3.8.3. Substitution Threat
- 3.8.4. Threat from New Entrant
- 3.8.5. Competitive Rivalry
- 3.9. PESTEL Analysis
- 3.9.1. Political Landscape
- 3.9.2. Economic Landscape
- 3.9.3. Social Landscape
- 3.9.4. Technological Landscape
- 3.9.5. Environmental Landscape
- 3.9.6. Legal Landscape
Chapter 4. Furfuryl Alcohol Market: Application Outlook Estimates & Forecasts
- 4.1. Furfuryl Alcohol Market: Application Movement Analysis, 2024 & 2030
- 4.1.1. Resins
- 4.1.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 4.1.2. Solvent
- 4.1.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 4.1.3. Corrosion Inhibitor
- 4.1.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 4.1.4. Others
- 4.1.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
Chapter 5. Furfuryl Alcohol Market: End Use Outlook Estimates & Forecasts
- 5.1. Furfuryl Alcohol Market: End Use Movement Analysis, 2024 & 2030
- 5.1.1. Foundry
- 5.1.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 5.1.2. Agriculture
- 5.1.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 5.1.3. Paints & Coatings
- 5.1.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 5.1.4. Pharmaceutical
- 5.1.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 5.1.5. Food & Beverage
- 5.1.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 5.1.6. Others
- 5.1.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
Chapter 6. Furfuryl Alcohol Market Regional Outlook Estimates & Forecasts
- 6.1. Regional Snapshot
- 6.2. Furfuryl Alcohol Market: Regional Movement Analysis, 2024 & 2030
- 6.3. North America
- 6.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.3.1.1. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.3.1.2. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
- 6.3.2. U.S
- 6.3.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.3.2.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.3.2.3. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
- 6.3.3. Canada
- 6.3.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.3.3.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.3.3.3. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
- 6.3.4. Mexico
- 6.3.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.3.4.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.3.4.3. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
- 6.4. Europe
- 6.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.4.1.1. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.4.1.2. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
- 6.4.2. UK
- 6.4.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.4.2.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.4.2.3. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
- 6.4.3. Germany
- 6.4.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.4.3.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.4.3.3. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
- 6.4.4. France
- 6.4.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.4.4.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.4.4.3. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
- 6.4.5. Italy
- 6.4.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.4.5.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.4.5.3. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
- 6.4.6. Spain
- 6.4.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.4.6.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.4.6.3. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
- 6.5. Asia Pacific
- 6.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.5.1.1. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.5.1.2. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
- 6.5.2. China
- 6.5.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.5.2.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.5.2.3. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
- 6.5.3. India
- 6.5.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.5.3.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.5.3.3. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
- 6.5.4. Japan
- 6.5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.5.4.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.5.4.3. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
- 6.5.5. South Korea
- 6.5.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.5.5.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.5.5.3. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
- 6.6. Latin America
- 6.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.6.1.1. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.6.1.2. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
- 6.6.2. Brazil
- 6.6.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.6.2.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.6.2.3. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
- 6.7. Middle East & Africa
- 6.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.7.1.1. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.7.1.2. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
- 6.7.2. Saudi Arabia
- 6.7.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.7.2.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.7.2.3. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
- 6.7.3. South Africa
- 6.7.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.7.3.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.7.3.3. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
- 6.7.4. Turkey
- 6.7.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Thousand) (Tons)
- 6.7.4.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Thousand) (Tons)
- 6.7.4.3. Market Estimates and Forecast, by End Use, 2018 - 2030 (USD Thousand) (Tons)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Vendor Landscape
- 7.2.1. Company categorization
- 7.2.2. List of Key Distributors and Channel Partners
- 7.2.3. List of Potential Customers/End Uses
- 7.3. Competitive Dynamics
- 7.3.1. Competitive Benchmarking
- 7.3.2. Strategy Mapping
- 7.3.3. Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. ILLOVO SUGAR AFRICA (PTY) LTD.
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Application Benchmarking
- 7.4.1.4. Strategic Initiatives
- 7.4.2. Linzi Organic Chemical Inc. Ltd.
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Application Benchmarking
- 7.4.2.4. Strategic Initiatives
- 7.4.3. TransFurans Chemicals bvba
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Application Benchmarking
- 7.4.3.4. Strategic Initiatives
- 7.4.4. DalinYebo
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Application Benchmarking
- 7.4.4.4. Strategic Initiatives
- 7.4.5. Hebeichem
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Application Benchmarking
- 7.4.5.4. Strategic Initiatives
- 7.4.6. SilvateamS.p.a.
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Application Benchmarking
- 7.4.6.4. Strategic Initiatives
- 7.4.7. Shandong Crownchem Industries Co., Ltd.
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Application Benchmarking
- 7.4.7.4. Strategic Initiatives
- 7.4.8. Hongye Holdings Group Corp., Ltd.
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Application Benchmarking
- 7.4.8.4. Strategic Initiatives
- 7.4.9. Xian Welldon Trading Co., Ltd.
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Application Benchmarking
- 7.4.9.4. Strategic Initiatives
- 7.4.10. Furnova Polymers Ltd.
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Application Benchmarking
- 7.4.10.4. Strategic Initiatives
- 7.4.11. NC Nature Chemicals
- 7.4.11.1. Participant's Overview
- 7.4.11.2. Financial Performance
- 7.4.11.3. Application Benchmarking
- 7.4.11.4. Strategic Initiatives