The global furfuryl alcohol market was valued at USD 463.7 million in 2024 and is anticipated to expand at a CAGR of 6.9% from 2025 to 2030. This growth is largely driven by increasing industrial demand, particularly in foundry applications and the use of eco-friendly resin production. The market benefits from a shift toward sustainable manufacturing practices and the utilization of renewable agricultural byproducts such as sugarcane bagasse and corn cobs. Additionally, the pharmaceutical sector’s increased use of furfuryl alcohol as a key chemical intermediate supports overall expansion. The convergence of industrial demand and sustainability trends solidifies furfuryl alcohol’s position as a critical material across multiple applications.
Furfuryl alcohol is an organic chemical derived from furfural sourced from agricultural waste such as corncobs and rice husks. It is predominantly used to manufacture furan resins essential for creating high-precision molds and cores in metal casting. Industries including automotive and aerospace drive this demand by requiring lightweight and durable metal parts.
The burgeoning construction sector further contributes to market expansion due to increased infrastructure projects that require metal castings utilizing furfuryl alcohol-based resins. Growing awareness and focus on environmentally friendly products are opening up new opportunities, as furfuryl alcohol aligns well with the movement away from petrochemical-based materials.
Technological advancements in resin formulations have enhanced thermal stability and durability, expanding furfuryl alcohol’s use in rigorous industries such as aerospace and automotive, where performance efficiencies are key.
Resins accounted for the dominant market share of 86.9% in 2024, fueled by heightened demand for plastics in automotive, construction, packaging, and related sectors. Furfuryl alcohol-based resins produce lightweight, yet durable components, supporting industry trends toward energy efficiency and environmental sustainability. The construction industry’s need for robust adhesives and coatings further strengthens resin demand.
The solvents segment is expected to register a CAGR of 7.4% due to environmental concerns and regulatory pressure to adopt low-emission and bio-based solvents. Furfuryl alcohol’s renewable origin and low volatile organic compound (VOC) emissions make it an attractive solution for industries seeking greener solvent options.
The foundry sector held an 83.2% revenue share in 2024, emphasizing its importance in producing furan resins for sand molds and cores essential for precision metal casting. This sector, particularly in automotive and aerospace industries, requires durable and lightweight metals, driving furfuryl alcohol demand. Sustainable manufacturing initiatives further enhance the appeal of furfuryl alcohol as a bio-based raw material, contributing to market growth.
The pharmaceutical segment is forecast to grow at a CAGR of 6.6%, driven by furfuryl alcohol’s role in manufacturing chemical intermediates and active pharmaceutical ingredients. The rise in healthcare spending and innovation in drug formulation also support this segment. Its renewable profile contributes to pharmaceutical manufacturers’ efforts to develop environmentally friendlier products.
Asia-Pacific dominated the furfuryl alcohol market in 2024 with a 69.1% revenue share, bolstered by a strong industrial base and robust demand from automotive and other key sectors. The region’s abundant agricultural residues, such as corncobs and rice husks, supply raw materials for bio-based furfuryl alcohol production.
China led the Asia-Pacific market, with its large manufacturing sector increasing demand, especially in foundry and pharmaceutical uses. The country’s environmental policies promoting bio-based chemicals encourage wider furfuryl alcohol acceptance. High production capacity supports growth in China’s contribution to the global market.
The Middle East and Africa region is expected to exhibit the fastest growth at 6.3% CAGR from 2025 to 2030, driven by industrial growth and expanding automotive and construction activities. Rising emphasis on sustainability further accelerates adoption of bio-based chemical solutions including furfuryl alcohol.
Europe accounted for a substantial revenue share in 2024, driven by strict environmental regulations and increased usage of bio-based chemicals. Demand from automotive, construction, and pharmaceutical sectors supports this growth. Investments in research aim to improve resin technologies, further enabling furfuryl alcohol applications.
Germany stands out in Europe due to its automotive industry’s demand for lightweight, sustainable materials. German manufacturers’ focus on innovation and compliance with environmental standards further strengthens regional furfuryl alcohol usage.
North America shows steady growth supported by sustainability initiatives and regulatory focus on reducing VOC emissions. The automotive and chemical sectors favor bio-based furfuryl alcohol for sustainable product development. Demand is expected to rise alongside government programs promoting greener manufacturing practices.
The U.S. market grows with increased use in pharmaceutical and foundry industries, driven by environmental awareness and new product innovations utilizing bio-based chemicals. Technological improvements in resin formulations extend its applications, encouraging widespread adoption among manufacturers focusing on eco-friendly alternatives.
Prominent companies in the furfuryl alcohol industry include Linzi Organic Chemical Inc., TransFurans Chemicals bvba, DalinYebo, and others. These companies pursue growth through product innovation, strategic partnerships, mergers, and acquisitions to strengthen their market positions and expand product portfolios.
| Attribute | Details |
| Market size in 2025 | USD 491.4 million |
| Revenue forecast in 2030 | USD 685.1 million |
| Growth rate | CAGR of 6.9% from 2025 to 2030 |
| Base year | 2024 |
| Historical data period | 2018 – 2023 |
| Forecast period | 2025 – 2030 |
| Units of measurement | Volume in tons; revenue in USD thousand; CAGR (2025–2030) |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Application, end-use, region |
| Regions covered | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Countries covered | U.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Saudi Arabia, South Africa, Turkey |
| Key companies profiled | ILLOVO SUGAR AFRICA (PTY) LTD.; Linzi Organic Chemical Inc. Ltd.; TransFurans Chemicals bvba; DalinYebo; Hebeichem; Silvateam S.p.a.; Shandong Crownchem Industries Co., Ltd.; Hongye Holdings Group Corp., Ltd.; Xian Welldon Trading Co., Ltd.; Furnova Polymers Ltd.; NC Nature Chemicals |
This report provides detailed revenue projections and trend analyses for global, regional, and country markets between 2018 and 2030, segmented by application, end-use, and region:
The market was valued at approximately USD 463.7 million in 2024.
The market is expected to grow at a CAGR of 6.9% from 2025 to 2030, reaching approximately USD 685.1 million by 2030.
The resin segment dominated the market in 2024 with the largest revenue share.
Notable companies include Linzi Organic Chemical Inc. Ltd., TransFurans Chemicals bvba, DalinYebo, Hebeichem, and ILLOVO SUGAR AFRICA (PTY) LTD.
Asia Pacific led the market in 2024, accounting for the highest revenue share.
