- Corncobs,
- Rice Hulls,
- Cotton Hulls,
- Sugarcane Bagasse,
- Others
Furfuryl Alcohol Market size was valued at USD 510 million in 2022. It is expected to reach a value of USD 840.6 million by 2029, growing at a CAGR of 7.5% from 2023 to 2029. The global market provides a detailed overview of the market, which has been segmented by raw material, application, and end user. The furfuryl alcohol market has been segmented by raw materials into Corncobs, Rice Hulls, Cotton Hulls, Sugarcane Bagasse, and Others. The Corncobs segment is likely to be the largest and fastest-growing segment in terms of raw materials. The Furfuryl Alcohol market has been segmented into Resins, Solvents, Plastics, Adhesives, Corrosion Inhibitors, and Others. The Resins hold a significant revenue share in 2022. Based on the end user, the Furfuryl Alcohol is segmented into Foundry, Food & Beverages, Chemical, Energy, Agriculture, Pharmaceuticals, and Others. According to precision business insights, the Foundry segment is predicted to register the fastest growth rate during the forecast period.
Furfuryl Alcohol Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
7.5%
Largest Market
North America
Fastest Growing Market
Asia-Pacific
Furfuryl Alcohol Market Dynamics
Furfuryl alcohol helps deal with various difficulties related to the raw materials used in product manufacturing. During the forecast period, the increased use of furfuryl alcohol in the foundry, food & drinks, chemical, energy, agricultural, and pharmaceuticals sectors is likely to boost the furfuryl alcohol market.
Asia-Pacific Got Significant Share
Furfuryl Alcohol Market Regional Analysis
The Asia Pacific market is expected to witness the largest market share during the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The furfuryl alcohol market report provides granular level information about the market size, regional market share, historic market (2018-2023) and forecast (2023-2029)
- The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Furfuryl Alcohol Market Segmentation
By Raw Materials
By Application
- Resins,
- Solvents,
- Plastics,
- Adhesives,
- Corrosion Inhibitors,
- Others
By End User
- Foundry,
- Food & Beverages,
- Chemical,
- Energy,
- Agriculture,
- Pharmaceuticals,
- Others
Frequently Asked Questions
The furfuryl alcohol market size was valued at USD 510 million in 2022
The furfuryl alcohol market key players are: ILLOVO SUGAR AFRICA (PTY) LTD. DalinYebo Furnova Polymers Ltd. Hebeichem Hongye Holdings Group Corp., Ltd. Linzi Organic Chemical Inc. Ltd. NC Nature Chemical Pennakem, LLC Shandong Crownchem Industries Co., Ltd. Silvateam S.p.a. TransFurans Chemicals bvba Xian Welldon Trading Co., Ltd.
The furfuryl alcohol market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Furfuryl Alcohol Market Introduction |
| 2.1. Global Furfuryl Alcohol Market Taxonomy |
| 2.2. Global Furfuryl Alcohol Market Definitions |
| 2.2.1. Raw Material |
| 2.2.2. Application |
| 2.2.3. End User |
| 3. Global Furfuryl Alcohol Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Furfuryl Alcohol Market Dynamic Factors - Impact Analysis |
| 3.6. Global Furfuryl Alcohol Market Competition Landscape |
| 3.7. Epidemiology |
| 4. Global Furfuryl Alcohol Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Furfuryl Alcohol Market, By Raw Material, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 5.1. Corncobs |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Rice Hulls |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Cotton Hulls |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Sugarcane Bagasse |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Others |
| 5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Furfuryl Alcohol Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 6.1. Resins |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Solvents |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Plastics |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Adhesives |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Corrosion Inhibitors |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Furfuryl Alcohol Market, By End User, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 7.1. Foundry |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Food & Beverages |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Chemical |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Energy |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Agriculture |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Pharmaceuticals |
| 7.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Others |
| 7.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 8. Global Furfuryl Alcohol Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Furfuryl Alcohol Market - Opportunity Analysis Index, By Raw Material, Application, End User and Region, 2023 - 2029 |
| 9. North America Furfuryl Alcohol MarketAnalysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 9.1. By Raw Material Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Corncobs |
| 9.1.2. Rice Hulls |
| 9.1.3. Cotton Hulls |
| 9.1.4. Sugarcane Bagasse |
| 9.1.5. Others |
| 9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Resins |
| 9.2.2. Solvents |
| 9.2.3. Plastics |
| 9.2.4. Adhesives |
| 9.2.5. Corrosion Inhibitors |
| 9.2.6. Others |
| 9.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Foundry |
| 9.3.2. Food & Beverages |
| 9.3.3. Chemical |
| 9.3.4. Energy |
| 9.3.5. Agriculture |
| 9.3.6. Pharmaceuticals |
| 9.3.7. Others |
| 9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Furfuryl Alcohol Market - Opportunity Analysis Index, By Raw Material, Application, End User, and Country, 2023 - 2029 |
| 9.6. North America Furfuryl Alcohol Market Dynamics Trends |
| 10. Europe Furfuryl Alcohol Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 10.1. By Raw Material Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Corncobs |
| 10.1.2. Rice Hulls |
| 10.1.3. Cotton Hulls |
| 10.1.4. Sugarcane Bagasse |
| 10.1.5. Others |
| 10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Resins |
| 10.2.2. Solvents |
| 10.2.3. Plastics |
| 10.2.4. Adhesives |
| 10.2.5. Corrosion Inhibitors |
| 10.2.6. Others |
| 10.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Foundry |
| 10.3.2. Food & Beverages |
| 10.3.3. Chemical |
| 10.3.4. Energy |
| 10.3.5. Agriculture |
| 10.3.6. Pharmaceuticals |
| 10.3.7. Others |
| 10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe Furfuryl Alcohol Market - Opportunity Analysis Index, By Raw Material, Application, End User, and Country, 2023 - 2029 |
| 10.6. Europe Furfuryl Alcohol Market Dynamics Trends |
| 11. Asia-Pacific Furfuryl Alcohol Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 11.1. By Raw Material Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Corncobs |
| 11.1.2. Rice Hulls |
| 11.1.3. Cotton Hulls |
| 11.1.4. Sugarcane Bagasse |
| 11.1.5. Others |
| 11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Resins |
| 11.2.2. Solvents |
| 11.2.3. Plastics |
| 11.2.4. Adhesives |
| 11.2.5. Corrosion Inhibitors |
| 11.2.6. Others |
| 11.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Foundry |
| 11.3.2. Food & Beverages |
| 11.3.3. Chemical |
| 11.3.4. Energy |
| 11.3.5. Agriculture |
| 11.3.6. Pharmaceuticals |
| 11.3.7. Others |
| 11.4. Country Analysis2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Furfuryl Alcohol Market - Opportunity Analysis Index, By Raw Material, Application, End User, and Country, 2023 - 2029 |
| 11.6. Asia-Pacific Furfuryl Alcohol Market Dynamics Trends |
| 12. Latin America Furfuryl Alcohol Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 12.1. By Raw Material Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Corncobs |
| 12.1.2. Rice Hulls |
| 12.1.3. Cotton Hulls |
| 12.1.4. Sugarcane Bagasse |
| 12.1.5. Others |
| 12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Resins |
| 12.2.2. Solvents |
| 12.2.3. Plastics |
| 12.2.4. Adhesives |
| 12.2.5. Corrosion Inhibitors |
| 12.2.6. Others |
| 12.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Foundry |
| 12.3.2. Food & Beverages |
| 12.3.3. Chemical |
| 12.3.4. Energy |
| 12.3.5. Agriculture |
| 12.3.6. Pharmaceuticals |
| 12.3.7. Others |
| 12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Furfuryl Alcohol Market - Opportunity Analysis Index, By Raw Material, Application, End User, and Country, 2023 - 2029 |
| 12.6. Latin America Furfuryl Alcohol Market Dynamics Trends |
| 13. Middle East and Africa Furfuryl Alcohol Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Tons) |
| 13.1. By Raw Material Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Corncobs |
| 13.1.2. Rice Hulls |
| 13.1.3. Cotton Hulls |
| 13.1.4. Sugarcane Bagasse |
| 13.1.5. Others |
| 13.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Resins |
| 13.2.2. Solvents |
| 13.2.3. Plastics |
| 13.2.4. Adhesives |
| 13.2.5. Corrosion Inhibitors |
| 13.2.6. Others |
| 13.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Foundry |
| 13.3.2. Food & Beverages |
| 13.3.3. Chemical |
| 13.3.4. Energy |
| 13.3.5. Agriculture |
| 13.3.6. Pharmaceuticals |
| 13.3.7. Others |
| 13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Furfuryl Alcohol Market - Opportunity Analysis Index, By Raw Material, Application, End User, and Country, 2023 - 2029 |
| 13.6. MEA Furfuryl Alcohol Market Dynamics Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Application& Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. ILLOVO SUGAR AFRICA (PTY) LTD. |
| 14.2.2. DalinYebo |
| 14.2.3. Furnova Polymers Ltd. |
| 14.2.4. Hebeichem |
| 14.2.5. Hongye Holdings Group Corp., Ltd. |
| 14.2.6. Linzi Organic Chemical Inc. Ltd. |
| 14.2.7. NC Nature Chemical |
| 14.2.8. Pennakem, LLC |
| 14.2.9. Shandong Crownchem Industries Co., Ltd. |
| 14.2.10. Silvateam S.p.a. |
| 14.2.11. TransFurans Chemicals bvba |
| 14.2.12. Xian Welldon Trading Co., Ltd. |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
- ILLOVO SUGAR AFRICA (PTY) LTD.
- DalinYebo
- Furnova Polymers Ltd.
- Hebeichem
- Hongye Holdings Group Corp., Ltd.
- Linzi Organic Chemical Inc. Ltd.
- NC Nature Chemical
- Pennakem, LLC
- Shandong Crownchem Industries Co., Ltd.
- Silvateam S.p.a.
- TransFurans Chemicals bvba
- Xian Welldon Trading Co., Ltd.