Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Furfural Derivatives Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Furfural Derivatives Market Grow Between 2024 and 2025?
The market size of furfural derivatives has experienced substantial growth in the recent past. The market value is anticipated to increase from $12.54 billion in 2024 to $13.4 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%.
How Much Will the Furfural Derivatives Market Be Worth in 2029?
The Furfural Derivatives market is predicted to reach a value of $17.74 billion by 2029, increasing at a compound annual growth rate (CAGR) of 7.3%.
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Which Furfural Derivatives Market Drivers Are Linked to Revenue Growth?
The key Drivers in the furfural derivatives market are:
• The expansion of the agriculture sector propels the growth of the furfural derivatives market.
• Diätary patterns are shifting, raising demand for furfural derivatives.
• Environmental awareness and investment in agricultural infrastructure drive the need for furfural derivatives.
• Furfural derivatives' agricultural benefits, including improved pest management and crop productivity, fuel their market growth.
Which Segments Are Expected to Grow in the Furfural Derivatives Market?
The furfural derivativesmarket covered in this report is segmented –
1) By Product Type: Furfuryl Alcohol, Furoic Acid, Tetrahydrofurfuryl Alcohol (THFA), Methyl Tetrahydrofuran, 2-5-Furandicarboxylic Acid, 1, 2 Pentanediol, Other Products
2) By Raw Material Type: Sugarcane Bagasse, Corncob, Rice Husk, Other Raw Material Types
3) By Application: Derivatives, Solvents, Other Applications
4) By End-User Industry: Agriculture, Paints And Coatings, Pharmaceuticals, Food And Beverage, Refineries, Chemical, Other End User Industries
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What Are The Key Trends Impacting Growth In The Global Furfural Derivatives Market?
The key trends in the furfural derivatives market are:
• The furfural derivatives market trend involves major companies aiming to expand their product range through investment in downstream projects.
• The incorporation of midstream processes, like transport and distribution of raw materials and products, is gaining momentum within the sector.
• The production of fuel-grade bioethanol and select biochemicals is emerging as a new focus area in the furfural derivatives market.
• There is an emerging trend of utilizing sustainable raw materials, such as bamboo, in the production of furfural derivatives.
Who Are the Key Competitors in the Global Furfural Derivatives Market?
The key players in the furfural derivatives market are:
• BASF SE
• Mitsubishi Chemical Corporation
• Merck KGaA
• Central Romana Corporation
• Lenzing AG
• Ashland Inc.
• Yuanli Chemical Group
• Alfa Aesar GmbH Co. KG
• Furnova Polymers Ltd.
• GFS Chemicals Inc.
• Cayman Chemical Co.
• Tokyo Chemical Industry Co. Ltd.
• Vertellus Holdings LLC
• Pennakem LLC
• Silvateam S.p.a.
• Acros Organics
• DynaChem Incorporated
• TransFurans Chemicals
• Hongye Chemical Co. Ltd.
• Tanin Group
• Beijing Chemical Industry Group Co. Ltd.
• Hefei TNJ Chemical Industry Co. Ltd.
• AB Enterprises
• Haihang Industries
• Chemsavers Inc.
Where Is the Furfural Derivatives Market Growing Fastest Between 2025 and 2029?
Asia-Pacific was the largest region in the furfural derivatives market in 2024
