Furfural Derivatives Market Report 2026

The furfural derivatives market size has grown strongly in recent years. It will grow from $13.4 billion in 2025 to $14.43 billion in 2026 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to availability of agricultural biomass, growth in chemical intermediates, demand for specialty solvents, pharmaceutical manufacturing growth, refinery chemical demand.

The furfural derivatives market size is expected to see strong growth in the next few years. It will grow to $18.8 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to bioeconomy investments, renewable chemical mandates, sustainable solvent demand, packaging polymer innovation, low carbon material development. Major trends in the forecast period include increasing adoption of bio-based chemical derivatives, rising use in green solvent applications, expansion of renewable polymer intermediates, growing demand in pharmaceutical synthesis, focus on biomass-based feedstock utilization.

The growth in the agriculture sector is expected to propel the expansion of the furfural derivatives market going forward. The agriculture sector encompasses the production, processing, and distribution of crops, livestock, and other agricultural goods. Its growth is driven by shifting dietary preferences, increasing environmental awareness, and rising investments in agricultural research, development, and infrastructure. Furfural derivatives support agriculture by improving pest management, soil fertility, seed quality, and crop productivity, while promoting sustainable farming due to their biodegradability and environmental compatibility. For example, in June 2025, according to GOV.UK, total income from farming (TIFF) in the UK reached USD 9.84 billion (£7.7 billion) in 2024, an increase of USD 2.04 billion (£1.6 billion), or 26.4%, from 2023. Livestock output also rose by USD 1.41 billion (£1.1 billion), or 5.6%, reaching USD 25.7 billion (£20.1 billion). Therefore, growth in the agriculture sector is driving the furfural derivatives market.

Major companies in the furfural derivatives market are focusing on innovations such as biomass-balanced Tetrahydrofuran (THF BMB) to support sustainable chemical production, reduce carbon emissions, and maintain compatibility with existing industrial processes. Biomass-balanced THF uses certified renewable raw materials instead of fossil feedstocks while retaining identical physical and chemical properties, making it a suitable “drop-in” substitute for conventional THF. For instance, in October 2023, BASF SE, a Germany-based chemical company, introduced THF BMB, an innovative biomass-balanced solvent. The product remains fully compatible with polymer and resin production, reduces the carbon footprint of downstream products, supports sustainable fiber and plastics manufacturing, and enables industries to transition to renewable chemicals without modifying existing equipment or processes.

In September 2024, AM Green Technology and Solutions B.V., an India-based provider of bio-refinery and energy transition solutions, acquired Chempolis Oy and Fortum 3 B.V. for an undisclosed sum. This acquisition allows AM Green to expand its furfural derivatives production capabilities by incorporating Chempolis’s lignocellulosic biomass processing technology and broadening its portfolio of bio-based chemicals such as furfural and ethanol. Chempolis Oy is a Finland-based company specializing in bio-refinery technologies that convert lignocellulosic feedstock into furfural, ethanol, and other high-value bio-based chemicals.

Major companies operating in the furfural derivatives market are Central Romana Corporation, TransFurans Chemicals, Hongye Chemical Co. Ltd., Beijing Chemical Industry Group Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Yuanli Chemical Group, Furnova Polymers Ltd., Pennakem LLC, Vertellus Holdings LLC, Ashland Inc., BASF SE, Mitsubishi Chemical Corporation, Shandong Crownchem Industries Co. Ltd., Zhucheng Taisheng Chemical Co. Ltd., Zhucheng Sanfeng Chemical Co. Ltd., Henan Tianfu Chemical Co. Ltd., Shandong Linyi Sunny Wealth Chemicals Co. Ltd., Hebei Xingtai Chunlei Furfuryl Alcohol Co. Ltd., Zibo Shengfeng Chemical Co. Ltd., Linzi Organic Chemical Inc.

Asia-Pacific was the largest region in the furfural derivatives market in 2025. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the furfural derivatives market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the furfural derivatives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The furfural derivatives market consists of sales of plastics, resins, agriculture chemicals, and fuel additives. 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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