Furfuryl Alcohol Market Report 2026

Furfuryl Alcohol Market Overview

• Furfuryl Alcohol market size has reached to $0.62 billion in 2025 • Expected to grow to $0.85 billion in 2030 at a compound annual growth rate (CAGR) of 6.3% • Growth Driver: Furfuryl Alcohol Market Growth Fueled By Rising Demand In Foundries • Asia-Pacific was the largest region and fastest growing region.

What Is Covered Under Furfuryl Alcohol Market?

Furfuryl alcohol is an organic compound derived from furfural, which is itself obtained from agricultural byproducts such as corn cobs, oat hulls, and sugarcane bagasse. It is a colorless liquid that can darken upon exposure to air. The primary purpose of furfuryl alcohol is that, it acts as an reactive solvent and intermediate in the production of furan resins. It is widely used in the manufacture of foundry sand binders, which are essential in metal casting processes due to their high strength and durability The main types of sources of furfuryl alcohol include sugarcane bagasse raw material, corn cob raw material, and other sources. Sugarcane bagasse is the fibrous residue left after sugarcane stalks are crushed to extract their juice, resulting in a sustainable by-product of the sugar industry, making it an ideal raw material for producing furfuryl alcohol. Applications for furfuryl alcohol include corrosion inhibitors, solvents, resins, and others for end users such as paints and coatings, agriculture, foundries, food and beverages, pharmaceuticals, and others.

What Is The Furfuryl Alcohol Market Growth Forecast?

The furfuryl alcohol market size is expected to see strong growth in the next few years. It will grow to $0.85 billion in 2030 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to infrastructure development, renewable resin demand, automotive casting growth, sustainable chemical regulations, foundry technology upgrades. Major trends in the forecast period include growing use in foundry resin applications, increasing adoption of bio-based solvents, expansion in corrosion inhibitor formulations, rising demand from metal casting industries, focus on renewable agricultural feedstocks.

Global Furfuryl Alcohol Market Segmentation

1) By Source Type: Sugarcane Bagasse, Corn Cobs, Other Lignocellulosic Biomass Sources 2) By Application: Furan Resins (Foundry Binders), Reactive Solvents, Chemical Intermediates, Other Applications 3) By End-Use Industry: Foundry and Metal Casting, Chemicals and Petrochemicals, Paints and Coatings (Resin-Based), Industrial Manufacturing, Other End User Industries Subsegments: 1) By Sugarcane Bagasse Raw Material: Bagasse (Sugarcane Fiber Waste), Sugarcane Waste (Stems Or Leaves) 2) By Corn Cob Raw Material: Corn Cob Residue, Corn Stover (Stalks, Leaves, Husks) 3) By Other Sources: Rice Husk, Wood Chips, Wheat Bran

What Are The Drivers Of The Furfuryl Alcohol Market?

The growing demand for foundries is expected to propel the growth of the furfuryl alcohol market going forward. A foundry is a workshop or factory where metals are melted and cast into shapes. The growing demand for foundries is driven by increased industrialization and infrastructure development, requiring more metal castings for various industries. Furfuryl alcohol in foundries is used as a binder in the production of foundry sand molds and cores, improving the strength and durability of the molds, which results in higher-quality castings. For instance, in January 2024, according to the American Foundry Society, a US-based technical and trade association for foundries and the broader metal casting industry, AFS is projecting casting sales will grow 1.9 percent in 2025. Further, North American metalcasting market and making company planning decisions, is distributed at no cost to the 1,075 AFS Corporate Members. It is available to non-members for $1,000 and to Individual Members for $750. Therefore, the growing demand for foundries will drive the growth of the furfuryl alcohol industry. The growing demand in automotive is expected to propel the growth of the furfuryl alcohol market going forward. The growing demand in the automotive industry is driven by advancements in technology, increasing urbanization, and the rising middle-class population seeking personal mobility. Furfuryl alcohol is increasingly used in the automotive industry due to its role in producing high-performance, heat-resistant resins and composites essential for lightweight, fuel-efficient vehicle components. For instance, in May 2024, according to the Board of Governors of the Federal Reserve System, a US-based government agency, total vehicle production reached 11.18 million units in April, representing a notable increase from the 10.64-million-unit average recorded in 2023. Therefore, growing demand in automotive will drive the growth of the furfuryl alcohol industry. Growth in construction and infrastructure projects is expected to drive the growth of the furfuryl alcohol market going forward. Construction and Infrastructure Projects refer to the planning, development, and execution of buildings, roads, bridges, and other physical structures that support economic and societal activities. Construction and infrastructure projects increasing as growing populations increase the demand for housing, commercial buildings, transportation networks, and public utilities to support expanding cities and improve living standards. Furfuryl alcohol plays a crucial role in construction and infrastructure by strengthening resins and binders, enhancing the durability and chemical resistance of building and industrial materials. For instance, in July 2023, according to the Australian Bureau of Statistics, an Australian-based government administration, reported that in the March quarter of 2023, the number of dwellings under construction increased to 240,813, up from 240,065 in 2022. Among these, new houses made up 103,778, compared to 101,240 in the previous year. Therefore, growth in construction and infrastructure project is driving the growth of the furfuryl alcohol industry.

What Are The Drivers Of The Furfuryl Alcohol Market?

The growing demand for foundries is expected to propel the growth of the furfuryl alcohol market going forward. A foundry is a workshop or factory where metals are melted and cast into shapes. The growing demand for foundries is driven by increased industrialization and infrastructure development, requiring more metal castings for various industries. Furfuryl alcohol in foundries is used as a binder in the production of foundry sand molds and cores, improving the strength and durability of the molds, which results in higher-quality castings. For instance, in January 2024, according to the American Foundry Society, a US-based technical and trade association for foundries and the broader metal casting industry, AFS is projecting casting sales will grow 1.9 percent in 2025. Further, North American metalcasting market and making company planning decisions, is distributed at no cost to the 1,075 AFS Corporate Members. It is available to non-members for $1,000 and to Individual Members for $750. Therefore, the growing demand for foundries will drive the growth of the furfuryl alcohol industry. The growing demand in automotive is expected to propel the growth of the furfuryl alcohol market going forward. The growing demand in the automotive industry is driven by advancements in technology, increasing urbanization, and the rising middle-class population seeking personal mobility. Furfuryl alcohol is increasingly used in the automotive industry due to its role in producing high-performance, heat-resistant resins and composites essential for lightweight, fuel-efficient vehicle components. For instance, in May 2024, according to the Board of Governors of the Federal Reserve System, a US-based government agency, total vehicle production reached 11.18 million units in April, representing a notable increase from the 10.64-million-unit average recorded in 2023. Therefore, growing demand in automotive will drive the growth of the furfuryl alcohol industry. Growth in construction and infrastructure projects is expected to drive the growth of the furfuryl alcohol market going forward. Construction and Infrastructure Projects refer to the planning, development, and execution of buildings, roads, bridges, and other physical structures that support economic and societal activities. Construction and infrastructure projects increasing as growing populations increase the demand for housing, commercial buildings, transportation networks, and public utilities to support expanding cities and improve living standards. Furfuryl alcohol plays a crucial role in construction and infrastructure by strengthening resins and binders, enhancing the durability and chemical resistance of building and industrial materials. For instance, in July 2023, according to the Australian Bureau of Statistics, an Australian-based government administration, reported that in the March quarter of 2023, the number of dwellings under construction increased to 240,813, up from 240,065 in 2022. Among these, new houses made up 103,778, compared to 101,240 in the previous year. Therefore, growth in construction and infrastructure project is driving the growth of the furfuryl alcohol industry.

Regional Insights

Asia-Pacific was the largest region in the furfuryl alcohol market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Furfuryl Alcohol Market?

The furfuryl alcohol market consists of sales of commercial-grade furfuryl alcohol and pharmaceutical-grade furfuryl alcohol. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Furfuryl Alcohol Market Report 2026?

The furfuryl alcohol market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the furfuryl alcohol industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.