Furfuryl Alcohol Market Size Forecast: $0.81 Billion by 2029 | Global Outlook

Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.

What Is the Projected Market Size Valuation of the Furfuryl Alcohol Market by 2025?
The market size for furfuryl alcohol has seen significant expansion in the past few years. The figures are expected to rise from $0.59 billion in 2024 to $0.62 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%. Several factors have contributed to this growth during the historic period, including the accessibility of agricultural byproducts, a surge in the use of furfuryl alcohol across different industries, the growing employment of furan resins in a range of applications, environment regulations, and economic expansion.

What Is the Estimated Market Growth Value for the Furfuryl Alcohol Industry in 2029?
The market size for furfuryl alcohol is forecasted to experience robust growth over the next couple of years, culminating in a value of $0.81 billion by 2029, propelled by a Compound Annual Growth Rate (CAGR) of 6.7%. This projected growth in the coming years can be credited to the adoption of sustainable strategies, supportive protocols, fluctuations in availability and price of raw materials, the growing acceptance of green chemistry, and expansion in the foundry sector. Prominent trends that will shape this forecast period are technological evolution, a rise in research and development expenditures, incorporation of green chemistry, enhancements in supply chain processes, and shifting customer preferences.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/furfuryl-alcohol-global-market-report

What Are the Growth Drivers and Opportunities in the Furfuryl Alcohol Market?
The furfuryl alcohol market is anticipated to grow due to the rising demand for foundries. Foundries, which are factories or workshops where metals are melted and molded into various shapes, are increasingly needed due to advancements in industrialization and infrastructure. These developments necessitate a higher quantity of metal castings for numerous industries. Furfuryl alcohol plays an essential role in foundries as it is used as a binding agent in producing foundry sand molds and cores, enhancing the molds' robustness and longevity and leading to higher quality castings. To exemplify, the American Foundry Society, a U.S.-based technical and trade association for the larger metal casting industry, reported that the U.S. foundry industry's casting sales grew from $43.3 billion in 2021, to $46.3 billion in 2022. Thus, the surge in demand for foundries is projected to fuel the furfuryl alcohol market's expansion.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16063&type=smp

What Are the Primary Segments Covered in the Global Furfuryl Alcohol Market Report?
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)

What Are the Top Growth Trends in the Furfuryl Alcohol Market?
Key players in the furfuryl alcohol market have shifted their focus towards creating eco-friendly resins, such as low-free furfuryl alcohol resins, in a bid to improve sustainability and respond to the growing consumer preference for environmentally friendly products. These low-free furfuryl alcohol resins curtail emissions by substantially decreasing the amount of furfuryl alcohol, while still displaying similar casting performance to regular furan resins. For example, in July 2022, ASK Chemicals, a company based in Germany offering foundry consumables, unveiled its MAGNASET technology. This innovative FNB binder generation boasts reduced levels of free furfuryl alcohol and formaldehyde, along with a safer classification (exempt from the skull and crossbones label). The casting performance of MAGNASET resins is on par with top-ranked furan resins (free FA: 50-95%), but it considerably lowers the free FA content to less than 40%, hence potentially mitigating furfuryl alcohol emissions.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=16063&type=smp

Which Companies Are Shaping the Future of the Furfuryl Alcohol Market?
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

Which Region Holds the Largest Market Share in the Furfuryl Alcohol Industry?
Asia-Pacific was the largest region in the furfuryl alcohol market in 2024. 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.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.