Furfuryl Alcohol Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis

The Furfuryl Alcohol Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Furfuryl Alcohol Market Size and Its Estimated Growth Rate?
The furfuryl alcohol market size has grown strongly in recent years. It will grow from $0.59 billion in 2024 to $0.63 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to agricultural byproduct availability, increased use of furfuryl alcohol in various industries, increased use of furan resins in various applications, environmental regulation, and economic growth.

The furfuryl alcohol market will see strong growth, expected to reach $0.84 billion by 2029 at a CAGR of 7.5%. This market's expansion is supported by the adoption of sustainable practices, regulatory backing, and the growth of the foundry industry.

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How Are Emerging Segments Shaping the Furfuryl Alcohol Market Landscape?
The furfuryl alcohol market 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

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, Other Agricultural Residues (Barley Straw, Sorghum)

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Which Growth Factors Are Influencing Furfuryl Alcohol Market Expansion?
The growing demand for foundries is expected to boost the furfuryl alcohol market. Foundries are factories where metals are melted and molded into various shapes. Increased industrialization and infrastructure development are driving the demand for foundries, which supply metal castings needed for a wide range of industries. Furfuryl alcohol is used as a binder in foundries to produce stronger and more durable sand molds and cores, improving the quality of the castings. For instance, in March 2023, the American Foundry Society reported that U.S. foundry industry sales grew from $43.3 billion in 2021 to $46.3 billion in 2022. Therefore, the growing demand for foundries is propelling the furfuryl alcohol market.

Who Are the Dominant Players Across Different Furfuryl Alcohol Market Segments?
Major companies operating 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

What Are the Major Trends Shaping the Furfuryl Alcohol Market?
Leading businesses in the furfuryl alcohol market are concentrating their efforts in creating sustainable, eco-friendly resins, including low-free furfuryl alcohol resins, in order to meet the blossoming consumer demand for green products. The use of these low-free furfuryl alcohol resins considerably diminishes emissions by substantially lessening the amount of furfuryl alcohol used but still providing a casting performance equivalent to standard furan resins. For example, in July 2022, ASK Chemicals, a company based in Germany that specializes in foundry consumables, unveiled their new generation MAGNASET technology. This technology includes FNB binders with reduced levels of free furfuryl alcohol and formaldehyde, an enhanced safety classification (no skull and crossbones label), and provides a casting performance on par with industry leading furan resins (free FA: 50-95%). This is achieved while sharply reducing the free FA content to less than 40%, potentially decreasing emissions of furfuryl alcohol.

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Which Geographic Regions Are Expected to Dominate the Furfuryl Alcohol Market in the Coming Years?
Asia-Pacific was the largest region in the furfuryl alcohol market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the furfuryl alcohol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Furfuryl Alcohol Market?
2. What is the CAGR expected in the Furfuryl Alcohol Market?
3. What Are the Key Innovations Transforming the Furfuryl Alcohol Industry?
4. Which Region Is Leading the Furfuryl Alcohol Market?

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