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Furfuryl Alcohol Market: By Raw Material By Application, By End User and Region Forecast 2019-2030
Furfuryl Alcohol Market: By Raw Material By Application, By End User and Region Forecast 2019-2030
Furfuryl Alcohol Market size was valued at US$ 510 million in 2023. It is expected to reach a value of US$ 840.6 million by 2030, growing at a CAGR of 7.5% from 2024 to 2030. The global market provides a detailed overview of the market, which has been segmented by raw material, application, and end user. The 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 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.
Study Period
2025-2031Base Year
2024CAGR
7.5%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
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.
The Asia Pacific market is expected to witness the largest market share during the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2023 |
US$ 510 million |
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Market Size in 2030 |
US$ 840.6 million |
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Market CAGR |
7.5% |
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By Raw Materials |
|
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By Application |
|
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By End User |
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By Region |
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The furfuryl alcohol market size was valued at US$ 510 million in 2023. It is expected to reach a value of US$ 840.6 million by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The 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 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, 2020 - 2024 and Forecast, 2025 - 2031 |
| 4.1. Market Analysis,2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) (Volume, Tons) |
| 5.1. Corncobs |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) (Volume, Tons) |
| 6.1. Resins |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) (Volume, Tons) |
| 7.1. Foundry |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) (Volume, Tons) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2024 - 2030 |
| 9. North America Furfuryl Alcohol MarketAnalysis,2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) (Volume, Tons) |
| 9.1. By Raw Material Analysis 2020 - 2024 and Forecast 2025 - 2031by 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031by 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, 2024 - 2030 |
| 9.6. North America Furfuryl Alcohol Market Dynamics Trends |
| 10. Europe Furfuryl Alcohol Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) (Volume, Tons) |
| 10.1. By Raw Material Analysis 2020 - 2024 and Forecast 2025 - 2031by 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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, 2024 - 2030 |
| 10.6. Europe Furfuryl Alcohol Market Dynamics Trends |
| 11. Asia-Pacific Furfuryl Alcohol Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) (Volume, Tons) |
| 11.1. By Raw Material Analysis 2020 - 2024 and Forecast 2025 - 2031by 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 Analysis2020 - 2024 and Forecast 2025 - 2031 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, 2024 - 2030 |
| 11.6. Asia-Pacific Furfuryl Alcohol Market Dynamics Trends |
| 12. Latin America Furfuryl Alcohol Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) (Volume, Tons) |
| 12.1. By Raw Material Analysis 2020 - 2024 and Forecast 2025 - 2031by 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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, 2024 - 2030 |
| 12.6. Latin America Furfuryl Alcohol Market Dynamics Trends |
| 13. Middle East and Africa Furfuryl Alcohol Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) (Volume, Tons) |
| 13.1. By Raw Material Analysis 2020 - 2024 and Forecast 2025 - 2031by 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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, 2024 - 2030 |
| 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 |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.