Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Furfuryl Alcohol Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Furfuryl Alcohol Market?
The market size of furfuryl alcohol has exhibited significant growth recently. The market size is projected to increase from $0.59 billion in 2024 to $0.62 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%.
What Are the Expected Market Growth Trends for the Furfuryl Alcohol Market Through 2029?
The Furfuryl Alcohol market is predicted to increase to a value of $0.81 billion by the year 2029, expanding at a compound annual growth rate (CAGR) of 6.7%.
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What Are the Key Business Drivers in the Furfuryl Alcohol Market Landscape?
The key Drivers in the furfuryl alcohol market are:
• The rising demand for foundries due to increased industrialization and infrastructure development
• Growth in the need for metal castings for a variety of industries
• Furfuryl alcohol's use as a binder to enhance the strength and durability of molds in foundries
• High-quality castings facilitated by improved molds increasing overall casting sales.
How Is the Furfuryl Alcohol Market Divided Across Key Categories?
The furfuryl alcoholmarket covered in this report is segmented –
1) By Source Type: Sugarcane Bagasse Raw Material, Corn Cob Raw Material, Other Sources
2) By Application: Corrosion Inhibitors, Solvents, Resins, Other Applications
3) By End User: Paints And Coatings, Agriculture, Foundry, Food And Beverages, Pharmaceuticals, Other End Users
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What Are the Ongoing Trends in the Furfuryl Alcohol Market?
The key trends in the furfuryl alcohol market are:
• A key emerging trend is the development of environmentally friendly resins by major market players.
• There is a focus on creating low-free furfuryl alcohol resins that reduce emissions while maintaining performance.
• There is an uptake in the introduction of novel technologies and products, like MAGNASET technology, for improved safety.
• A trend towards reducing furfuryl alcohol content in products is also emerging.
Which Companies are Expanding in the Furfuryl Alcohol Industry?
The key players in the furfuryl alcohol market are:
• Merck Group
• Indorama Ventures Public Company Limited (IVL)
• Illovo Sugar Africa Ltd
• Central Romana Corporation
• Sinochem International Corp.
• Lenzing AG
• Ashland Inc.
• KRBL Limited
• Wego Chemical Group Inc
• Sisco Research Laboratories Pvt. Ltd.
• Pennakem LLC
• Nacalai Tesque Inc.
• Silvateam S.p.a.
• TCI Chemicals Pvt. Ltd.
• Nova Molecular Technologies Inc.
• DynaChem Inc.
• TransFurans Chemicals B.V.
• Hongye Chemical Co. Ltd.
• Aurus Specialty Company Limited
• International Furan Chemicals B.V.
• Kanto Chemical Co. Inc.
• DalinYebo
• Ottokemi
• Junsei Chemical Co. Ltd.
• Leo Chemo Plast Pvt Ltd
Which is the Largest Region the Global Furfuryl Alcohol Market?
Asia-Pacific was the largest region in the furfuryl alcohol market in 2024
