Furfuryl Alcohol Market Size To Reach $685.1 Million By 2030

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.

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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.

Furfuryl Alcohol Market Segmentation

Grand View Research has segmented global furfuryl alcohol market report based on application, end-use, and region:

Furfuryl Alcohol Application Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

• Resins

• Solvent

• Corrosion Inhibitor

• Other

Furfuryl Alcohol End-use Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

• Foundry

• Pharmaceutical

• Agriculture

• Paints & Coatings

• Food & Beverage

• Other

Furfuryl Alcohol Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Latin America

  • Brazil

• Middle East & Africa

  • Saudi Arabia

  • South Africa

  • Turkey

List of Key Players of Furfuryl Alcohol Market

• ILLOVO SUGAR AFRICA (PTY) LTD.

• Linzi Organic Chemical Inc. Ltd.

• TransFurans Chemicals bvba

• DalinYebo

• Hebeichem

• SilvateamS.p.a.

• Shandong Crownchem Industries Co., Ltd.

• Hongye Holdings Group Corp., Ltd.

• Xian Welldon Trading Co., Ltd.

• Furnova Polymers Ltd.

• NC Nature Chemicals