Furfuryl Alcohol Market Report 2026

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.

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