The global furfuryl alcohol market size is calculated at USD 1,193 million in 2024 and is predicted to reach around USD 2,136 million by 2034, expanding at a CAGR of 6% from 2024 to 2034.
The furfuryl alcohol market is a chemical-based industry that utilizes furfuryl alcohol, which is an organic compound that is colorless and liquid. Though it is said to be colorless, it may appear amber sometimes. Furfuryl alcohol can be used in a variety of ways. However, it is primarily used in Foundry, binders, furan resins, and in paints & paint removers. Factors such as increasing demand for bio-based chemicals coming from industries that prefer sustainability and the usage of furfuryl alcohol in a wide range of industries like pharmaceuticals, food, and beverages have significantly contributed to the growth and development of the furfuryl alcohol market.
However, the toxic nature of the compound and fluctuating raw material prices are some of the challenges to growth in the market. Despite these restraints, new, better, and innovative techniques are being researched, which are said to bring fresh usage and application of furfuryl alcohol in the production of new materials. This is expected to propel growth in the furfuryl alcohol market in the coming years.
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| Stats ID: | 7850 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7850 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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