Furfuryl Alcohol Global Market Report 2026

Furfuryl alcohol is an organic compound derived from furfural, itself obtained from agricultural byproducts such as corn cobs, oat hulls, and sugarcane bagasse. It appears as a colorless liquid that may darken when exposed to air. Primarily, furfuryl alcohol serves as a reactive solvent and intermediate in the production of furan resins. It finds extensive use in the manufacturing of foundry sand binders, crucial in metal casting processes due to their high strength and durability.

The primary sources of furfuryl alcohol include sugarcane bagasse, corn cob, and other agricultural byproducts. Sugarcane bagasse, a fibrous residue leftover after extracting juice from sugarcane stalks, serves as a sustainable by-product of the sugar industry, making it an ideal raw material for furfuryl alcohol production. Applications for furfuryl alcohol encompass corrosion inhibitors, solvents, resins, and more, catering to end-users such as paints and coatings, agriculture, foundries, food and beverages, pharmaceuticals, among others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have influenced the furfuryl alcohol market by increasing costs for imported furfural, catalysts, and processing equipment used in alcohol synthesis. These tariffs have raised production costs for foundry resins and industrial solvent applications, particularly in North America and Europe. Asia-Pacific markets have also faced supply adjustments due to trade barriers affecting agricultural feedstock flows. At the same time, tariffs have promoted domestic biomass utilization, strengthened local production capacity, and encouraged innovation in bio-based furfuryl alcohol manufacturing.

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

The furfuryl alcohol market size has grown strongly in recent years. It will grow from $0.62 billion in 2025 to $0.67 billion in 2026 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to growth in metal casting industry, demand for foundry binders, availability of agricultural residues, industrial solvent usage, corrosion protection needs.

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.

The growing demand for foundries is expected to propel the growth of the furfuryl alcohol market going forward. A foundry is a facility where metals are melted and cast into specific shapes. The rising demand for foundries is driven by increased industrialization and expanding infrastructure development, both of which require significant volumes of metal castings across multiple industries. Furfuryl alcohol is widely used in foundries as a binder for producing sand molds and cores, enhancing their strength and durability and resulting in higher-quality castings. For example, in January 2024, according to the American Foundry Society, casting sales are projected to grow by 1.9% in 2025. Additionally, the North American metalcasting market report is distributed to AFS Corporate Members at no cost, while non-members can access it for a fee. Therefore, the growing demand for foundries is driving the furfuryl alcohol market.

The growing demand in the automotive industry is expected to propel the growth of the furfuryl alcohol market going forward. Expansion in the automotive sector is fueled by technological advancements, increasing urbanization, and a rising middle-class population seeking personal mobility. Furfuryl alcohol is increasingly utilized in the automotive industry due to its role in producing high-performance, heat-resistant resins and composites essential for lightweight and fuel-efficient vehicle components. For instance, in May 2024, according to the Board of Governors of the Federal Reserve System, total vehicle production reached 11.18 million units in April, up from the 2023 average of 10.64 million units. Therefore, the growing demand in the automotive sector is driving the furfuryl alcohol market.

Growth in construction and infrastructure projects is expected to propel the expansion of the furfuryl alcohol market going forward. Construction and infrastructure projects involve the planning, development, and execution of buildings, transportation systems, public utilities, and other structural developments that support economic and societal needs. These projects are increasing as population growth drives demand for housing, commercial spaces, transportation networks, and essential public infrastructure to support urban expansion and improve living standards. Furfuryl alcohol contributes to this sector by enhancing the durability, strength, and chemical resistance of resins and binders used in building and industrial materials. For example, in July 2023, according to the Australian Bureau of Statistics, the number of dwellings under construction rose to 240,813 in the March quarter of 2023, up from 240,065 in 2022, with new houses increasing from 101,240 to 103,778 over the same period. Therefore, growth in construction and infrastructure projects is driving the furfuryl alcohol market.

Major companies operating in the furfuryl alcohol market are TransFurans Chemicals B.V., International Furan Chemicals B.V., Pennakem LLC, Silvateam S.p.A., Hongye Chemical Co. Ltd., Zibo Huaao Chemical Co. Ltd., Zhucheng Taisheng Chemical Co. Ltd., Hebei Xinnuo Chemical Co. Ltd., Linzi Organic Chemical Inc., Aurus Specialty Company Limited, Shandong Crownchem Industries Co. Ltd., Navin Fluorine Advanced Sciences Limited, Shandong Zibo Baofeng Chemical Co. Ltd., Zhonglan Industry Co. Ltd., Zibo Jiuqiang Chemical Co. Ltd., KRBL Chemicals Limited, Xingtai Chunlei Chemical Co. Ltd., Liaoning Huaxing Chemical Co. Ltd., Zibo Linzi Qiguang Chemical Co. Ltd., Nova Molecular Technologies Inc.

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 the furfuryl alcohol market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the furfuryl alcohol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

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.

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.

Furfuryl Alcohol Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses furfuryl alcohol market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for furfuryl alcohol ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The furfuryl alcohol market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered: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
• Companies Mentioned: TransFurans Chemicals B.V.; International Furan Chemicals B.V.; Pennakem LLC; Silvateam S.p.A.; Hongye Chemical Co. Ltd.; Zibo Huaao Chemical Co. Ltd.; Zhucheng Taisheng Chemical Co. Ltd.; Hebei Xinnuo Chemical Co. Ltd.; Linzi Organic Chemical Inc.; Aurus Specialty Company Limited; Shandong Crownchem Industries Co. Ltd.; Navin Fluorine Advanced Sciences Limited; Shandong Zibo Baofeng Chemical Co. Ltd.; Zhonglan Industry Co. Ltd.; Zibo Jiuqiang Chemical Co. Ltd.; KRBL Chemicals Limited; Xingtai Chunlei Chemical Co. Ltd.; Liaoning Huaxing Chemical Co. Ltd.; Zibo Linzi Qiguang Chemical Co. Ltd.; Nova Molecular Technologies Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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