Furfuryl Alcohol Market: By Raw Material (Corncobs, Rice Hulls, Cotton Hulls, Sugarcane Bagasse, Others) By Application (Resins, Solvents, Plastics, Adhesives, Corrosion Inhibitors, Others), By End User (Foundry, Food & Beverages, Chemical, Energy, Agriculture, Pharmaceuticals, Others) and Geography

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Furfuryl Alcohol Market size was valued at USD 510 million in 2022. It is expected to reach a value of USD 840.6 million by 2029, growing at a CAGR of 7.5% from 2023 to 2029. The global market provides a detailed overview of the market, which has been segmented by raw material, application, and end user. The furfuryl alcohol market has been segmented by raw materials into Corncobs, Rice Hulls, Cotton Hulls, Sugarcane Bagasse, and Others. The Corncobs segment is likely to be the largest and fastest-growing segment in terms of raw materials. The Furfuryl Alcohol market has been segmented into Resins, Solvents, Plastics, Adhesives, Corrosion Inhibitors, and Others. The Resins hold a significant revenue share in 2022. Based on the end user, the Furfuryl Alcohol is segmented into Foundry, Food & Beverages, Chemical, Energy, Agriculture, Pharmaceuticals, and Others. According to precision business insights, the Foundry segment is predicted to register the fastest growth rate during the forecast period.  

Furfuryl Alcohol Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

7.5%

Largest Market

North America

Fastest Growing Market

Asia-Pacific
Furfuryl Alcohol Market Dynamics

Furfuryl alcohol helps deal with various difficulties related to the raw materials used in product manufacturing. During the forecast period, the increased use of furfuryl alcohol in the foundry, food & drinks, chemical, energy, agricultural, and pharmaceuticals sectors is likely to boost the furfuryl alcohol market.

Key Features of the Reports

  • The furfuryl alcohol market report provides granular level information about the market size, regional market share, historic market (2018-2023) and forecast (2023-2029)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Furfuryl Alcohol Market Segmentation

By Raw Materials
  • Corncobs,
  • Rice Hulls,
  • Cotton Hulls,
  • Sugarcane Bagasse,
  • Others
By Application
  • Resins,
  • Solvents,
  • Plastics,
  • Adhesives,
  • Corrosion Inhibitors,
  • Others
By End User
  • Foundry,
  • Food & Beverages,
  • Chemical,
  • Energy,
  • Agriculture,
  • Pharmaceuticals,
  • Others

Frequently Asked Questions

The furfuryl alcohol market size was valued at USD 510 million in 2022

The furfuryl alcohol market key players are: ILLOVO SUGAR AFRICA (PTY) LTD. DalinYebo Furnova Polymers Ltd. Hebeichem Hongye Holdings Group Corp., Ltd. Linzi Organic Chemical Inc. Ltd. NC Nature Chemical Pennakem, LLC Shandong Crownchem Industries Co., Ltd. Silvateam S.p.a. TransFurans Chemicals bvba Xian Welldon Trading Co., Ltd.

The furfuryl alcohol market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

1. Executive Summary
2. Global Furfuryl Alcohol Market Introduction
2.1. Global Furfuryl Alcohol Market Taxonomy
2.2. Global Furfuryl Alcohol Market Definitions
2.2.1. Raw Material
2.2.2. Application
2.2.3. End User
3. Global Furfuryl Alcohol Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Furfuryl Alcohol Market Dynamic Factors - Impact Analysis
3.6. Global Furfuryl Alcohol Market Competition Landscape
3.7. Epidemiology
4. Global Furfuryl Alcohol Market Analysis,2018 - 2022 and Forecast, 2023 - 2029
4.1. Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Furfuryl Alcohol Market, By Raw Material, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
5.1. Corncobs
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Rice Hulls
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Cotton Hulls
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Sugarcane Bagasse
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Others
5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
6. Global Furfuryl Alcohol Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
6.1. Resins
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Solvents
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Plastics
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Adhesives
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Corrosion Inhibitors
6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Others
6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
7. Global Furfuryl Alcohol Market, By End User, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
7.1. Foundry
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Food & Beverages
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Chemical
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Energy
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Agriculture
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Pharmaceuticals
7.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
7.7. Others
7.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.7.3. Market Opportunity Analysis
8. Global Furfuryl Alcohol Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
8.1. North America
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Furfuryl Alcohol Market - Opportunity Analysis Index, By Raw Material, Application, End User and Region, 2023 - 2029
9. North America Furfuryl Alcohol MarketAnalysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
9.1. By Raw Material Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
9.1.1. Corncobs
9.1.2. Rice Hulls
9.1.3. Cotton Hulls
9.1.4. Sugarcane Bagasse
9.1.5. Others
9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Resins
9.2.2. Solvents
9.2.3. Plastics
9.2.4. Adhesives
9.2.5. Corrosion Inhibitors
9.2.6. Others
9.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Foundry
9.3.2. Food & Beverages
9.3.3. Chemical
9.3.4. Energy
9.3.5. Agriculture
9.3.6. Pharmaceuticals
9.3.7. Others
9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Furfuryl Alcohol Market - Opportunity Analysis Index, By  Raw Material, Application, End User, and Country, 2023 - 2029
9.6. North America Furfuryl Alcohol Market Dynamics Trends
10. Europe Furfuryl Alcohol Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
10.1. By Raw Material Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
10.1.1. Corncobs
10.1.2. Rice Hulls
10.1.3. Cotton Hulls
10.1.4. Sugarcane Bagasse
10.1.5. Others
10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Resins
10.2.2. Solvents
10.2.3. Plastics
10.2.4. Adhesives
10.2.5. Corrosion Inhibitors
10.2.6. Others
10.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Foundry
10.3.2. Food & Beverages
10.3.3. Chemical
10.3.4. Energy
10.3.5. Agriculture
10.3.6. Pharmaceuticals
10.3.7. Others
10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Furfuryl Alcohol Market - Opportunity Analysis Index, By  Raw Material, Application, End User, and Country, 2023 - 2029
10.6. Europe Furfuryl Alcohol Market Dynamics Trends
11. Asia-Pacific Furfuryl Alcohol Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
11.1. By Raw Material Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
11.1.1. Corncobs
11.1.2. Rice Hulls
11.1.3. Cotton Hulls
11.1.4. Sugarcane Bagasse
11.1.5. Others
11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Resins
11.2.2. Solvents
11.2.3. Plastics
11.2.4. Adhesives
11.2.5. Corrosion Inhibitors
11.2.6. Others
11.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Foundry
11.3.2. Food & Beverages
11.3.3. Chemical
11.3.4. Energy
11.3.5. Agriculture
11.3.6. Pharmaceuticals
11.3.7. Others
11.4. Country Analysis2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Furfuryl Alcohol Market - Opportunity Analysis Index, By  Raw Material, Application, End User, and Country, 2023 - 2029
11.6. Asia-Pacific Furfuryl Alcohol Market Dynamics Trends
12. Latin America Furfuryl Alcohol Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
12.1. By Raw Material Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
12.1.1. Corncobs
12.1.2. Rice Hulls
12.1.3. Cotton Hulls
12.1.4. Sugarcane Bagasse
12.1.5. Others
12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Resins
12.2.2. Solvents
12.2.3. Plastics
12.2.4. Adhesives
12.2.5. Corrosion Inhibitors
12.2.6. Others
12.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Foundry
12.3.2. Food & Beverages
12.3.3. Chemical
12.3.4. Energy
12.3.5. Agriculture
12.3.6. Pharmaceuticals
12.3.7. Others
12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Furfuryl Alcohol Market - Opportunity Analysis Index, By  Raw Material, Application, End User, and Country, 2023 - 2029
12.6. Latin America Furfuryl Alcohol Market Dynamics Trends
13. Middle East and Africa Furfuryl Alcohol Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons)
13.1. By Raw Material Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
13.1.1. Corncobs
13.1.2. Rice Hulls
13.1.3. Cotton Hulls
13.1.4. Sugarcane Bagasse
13.1.5. Others
13.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Resins
13.2.2. Solvents
13.2.3. Plastics
13.2.4. Adhesives
13.2.5. Corrosion Inhibitors
13.2.6. Others
13.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Foundry
13.3.2. Food & Beverages
13.3.3. Chemical
13.3.4. Energy
13.3.5. Agriculture
13.3.6. Pharmaceuticals
13.3.7. Others
13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Furfuryl Alcohol Market - Opportunity Analysis Index, By  Raw Material, Application, End User, and Country, 2023 - 2029
13.6. MEA Furfuryl Alcohol Market Dynamics Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Application& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. ILLOVO SUGAR AFRICA (PTY) LTD.
14.2.2. DalinYebo
14.2.3. Furnova Polymers Ltd.
14.2.4. Hebeichem
14.2.5. Hongye Holdings Group Corp., Ltd.
14.2.6. Linzi Organic Chemical Inc. Ltd.
14.2.7. NC Nature Chemical
14.2.8. Pennakem, LLC
14.2.9. Shandong Crownchem Industries Co., Ltd.
14.2.10. Silvateam S.p.a.
14.2.11. TransFurans Chemicals bvba
14.2.12. Xian Welldon Trading Co., Ltd.
15. Research Methodology
16. Key Assumptions and Acronyms
  • ILLOVO SUGAR AFRICA (PTY) LTD.
  • DalinYebo
  • Furnova Polymers Ltd.
  • Hebeichem
  • Hongye Holdings Group Corp., Ltd.
  • Linzi Organic Chemical Inc. Ltd.
  • NC Nature Chemical
  • Pennakem, LLC
  • Shandong Crownchem Industries Co., Ltd.
  • Silvateam S.p.a.
  • TransFurans Chemicals bvba
  • Xian Welldon Trading Co., Ltd.