Global Furfural Derivatives Market Size & Outlook, 2022-2030

The global furfural derivatives market size was estimated at USD 12,485,983.5 million in 2022 and is projected to reach USD 21,842,899.1 million by 2030, growing at a CAGR of 7.2% from 2023 to 2030.
Revenue, 2022 (US$M)
$12,485,983.5
Forecast, 2030 (US$M)
$21,842,899.1
CAGR, 2023 - 2030
7.2%
Report Coverage
Worldwide

Global furfural derivatives market highlights

  • The global furfural derivatives market generated a revenue of USD 12,485,983.5 million in 2022 and is expected to reach USD 21,842,899.1 million by 2030.
  • The market is expected to grow at a CAGR (2023 - 2030) of 7.2% by 2030.
  • In terms of segment, tetrahydrofuran accounted for a revenue of USD 5,769,398.8 million in 2022.
  • Tetrahydrofurfuyl Alcohol is the most lucrative application segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2022.
  • Country-wise, China is expected to register the highest CAGR from 2023 to 2030.

Global data book summary

Market revenue in 2022USD 12,485,983.5 million
Market revenue in 2030USD 21,842,899.1 million
Growth rate7.2% (CAGR from 2023 to 2030)
Largest segmentTetrahydrofuran
Fastest growing segmentTetrahydrofurfuyl Alcohol
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentation1-5 Pentanediol, Furoic Acid, Tetrahydrofuran, 2 Methyl Tetrahydrofuran, 2 Methylfuran, Maleic Anhydride, Cyclopentanone, Tetrahydrofurfuyl Alcohol

Other key industry trends

  • In terms of revenue, the North America accounted for 12.7% of the global furfural derivatives market in 2022.
  • By country, the China is projected to lead the global market in terms of revenue in 2030.
  • By country, China is the fastest growing regional market and is projected to reach USD 10,445,446.6 million by 2030.

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Furfural Derivatives Market Companies

Name Profile # Employees HQ Website
International Furan Chemicals View profile 11-50 Rotterdam, Zuid-Holland, The Netherlands, Europe https://www.furan.com
Ab Enterprises View profile 11-50 Bhubaneswar, Orissa, India, Asia https://www.abentp.com
Pennakem LLC View profile 101-250 Memphis, Tennessee, United States, North America http://pennakem.com
Pyran Inc. View profile 11-50 Madison, Wisconsin, United States, North America https://pyranco.com/
Hefei TNJ Chemical Industry Co. View profile 51-100 Hefei, Anhui, China, Asia http://www.tnjchem.com
TransFurans Chemicals View profile 11-50 Geel, Antwerpen, Belgium, Europe https://www.transfurans.be
Ube Corp View profile 8019 Seavans North Building, 1-2-1, Shibaura, Minato-Ku, Tokyo, Japan, 105-8449 https://www.ube.co.jp
Basf SE View profile 111855 Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 https://www.basf.com

Global furfural derivatives market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to furfural derivatives market will help companies and investors design strategic landscapes.


Tetrahydrofuran was the largest segment with a revenue share of 46.21% in 2022. Horizon Databook has segmented the Global furfural derivatives market based on 1-5 pentanediol, furoic acid, tetrahydrofuran, 2 methyl tetrahydrofuran, 2 methylfuran, maleic anhydride, cyclopentanone, tetrahydrofurfuyl alcohol covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Furfural Derivatives Application Outlook (Revenue, USD Million, 2018-2030)
    • 1-5 Pentanediol
      • Glutaraldehyde
      • Polyester Resin
      • Polyurethane
      • Plasticizer
      • Other Applications
    • Furoic Acid
      • Plastic Plasticizers
      • Food Preservatives
      • Other Applications
      • Pharmaceutical Intermediates
    • Tetrahydrofuran
      • Polytetramethylene Ether Glycol
      • Solvents
      • Other Applications
    • 2 Methyl Tetrahydrofuran
      • Chemicals
      • Electronics
      • Medical
      • Other Applications
      • Oil
    • 2 Methylfuran
      • Chemical
      • Pharmaceutical
      • Agricultiure
      • Other Applications
    • Maleic Anhydride
      • Additives (Lubricants & Oil)
      • Other Applications
      • Unsaturated Polyester Resin
      • Copolymers
      • 1,4 Butanediol
    • Cyclopentanone
      • Electronics
      • Insulating Construction Materials
      • Other Applications
      • Personal Care Products
      • Fuel and Fuel Additives
    • Tetrahydrofurfuyl Alcohol
      • Solvents
      • Other Applications
      • Corrosion Inhibitors
      • Resins
  • Global Furfural Derivatives Route Outlook (Revenue, USD Million, 2018-2030)
    • Furoic Acid
      • Bio-based
      • Fossil-based
    • 2 Methylfuran
    • Tetrahydrofuran
      • Bio-based
      • Fossil-based
    • Tetrahydrofurfuyl Alcohol
    • 2 Methyl Tetrahydrofuran
      • Bio-based
      • Fossil-based
    • Maleic Anhydride
      • Bio-based
      • Fossil-based
    • 1-5 Pentanediol
      • Fossil-based
      • Bio-based
    • Cyclopentanone
      • Fossil-based
      • Bio-based

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Horizon Databook provides a detailed overview of global-level data and insights on the Global furfural derivatives market , including forecasts for subscribers. This global databook contains high-level insights into Global furfural derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global furfural derivatives market size, by regions, 2018-2030 (US$M)

Top 10 countries: Furfural derivatives market size, 2022 (US$M)

Global furfural derivatives market share, by route, 2022 & 2030 (%, US$M)

Furfural derivatives market: Opportunity assessment by country

Global furfural derivatives market, by region, 2022 (US$M)

Global furfural derivatives market size, by regions, 2018-2030 (US$M)

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