Overview
Report Coverage
Key Takeaways
- New product developments and increasing investments in research and development of furfuryl alcohol are expected to drive the growth of this market.
- Among end-use industry, agriculture segment is projected to lead the Furfuryl Alcohol Market during the forecast period.
- Asia Pacific dominated the Furfuryl Alcohol Market.
By Raw Material- Segment Analysis
By Application- Segment Analysis
Resins segment held a significant share in Furfuryl Alcohol Market in 2019. Furfuryl alcohol is predominantly used in resinous mortars for joining corrosion inhibiting bricks or tiles in the fabrication of storage tanks, reactors, floors, and fume stacks. The product is used for corrosion-resistant mortars and cement and erosion-resilient fiber-reinforced plastics. Increasing awareness about the effectiveness of the product as a corrosion inhibitor, coupled with its surging demand as an inhibitor in cement, grout, and mortar.
The solvent segment is expected to witness significant growth over the forecast period. The growth can be attributed to extensive usage of product as an industrial solvent and precursor of chemical products, including furfuryl cyanide, halides, methyl furan, esters, and ethers.
By End-User Industry - Segment Analysis
Foundry segment held a significant share in Furfuryl Alcohol Market in 2019 growing at a CAGR of XX% during the forecast period. Presently, furfuryl alcohol is utilized in binders for the regular furan no-bake system and in reduced quantities in furan gas-hardened, warm-box, and hot-box processes. In the foundry application, it competes predominantly with phenol, which is the raw material used for phenolic resins. Growth in the foundry industry due to a surge in metal casting production is estimated to boost the demand for furfuryl alcohol.
The COVID-19 pandemic and subsequent halt in manufacturing activities shall have an impact on the supply availability of a variety of renewable chemicals. Furthermore, current disruption in trade shall also gravely impact the availability of chemical stocks in import-dependent countries.
Geography- Segment Analysis
Drivers – Furfuryl Alcohol Market
Growing demand for furfuryl alcohol
Challenges – Furfuryl Alcohol Market
Raw material prices
Market Landscape
Geographical Expansion
- In 2016, an India-based Company, KRBL set up a furfuryl alcohol plant at Bhasaur, Dhuri District, Sangrur in the state of Punjab at a total cost of more than US$ 2.0 Mn. The company, through this plant, intends to convert furfuryl oil into refined furfuryl alcohol, as there is huge demand for furfuryl alcohol in India.
10.1. Abbreviations
10.2. Sources
10.3. Research Methodology
10.4. Bibliography
10.5. Compilation of Expert Insights
10.6. Disclaimer
Table 1: Furfuryl Alcohol Market Overview 2023-2030
Table 2: Furfuryl Alcohol Market Leader Analysis 2023-2030 (US$)
Table 3: Furfuryl Alcohol Market Product Analysis 2023-2030 (US$)
Table 4: Furfuryl Alcohol Market End User Analysis 2023-2030 (US$)
Table 5: Furfuryl Alcohol Market Patent Analysis 2013-2023* (US$)
Table 6: Furfuryl Alcohol Market Financial Analysis 2023-2030 (US$)
Table 7: Furfuryl Alcohol Market Driver Analysis 2023-2030 (US$)
Table 8: Furfuryl Alcohol Market Challenges Analysis 2023-2030 (US$)
Table 9: Furfuryl Alcohol Market Constraint Analysis 2023-2030 (US$)
Table 10: Furfuryl Alcohol Market Supplier Bargaining Power Analysis 2023-2030 (US$)
Table 11: Furfuryl Alcohol Market Buyer Bargaining Power Analysis 2023-2030 (US$)
Table 12: Furfuryl Alcohol Market Threat of Substitutes Analysis 2023-2030 (US$)
Table 13: Furfuryl Alcohol Market Threat of New Entrants Analysis 2023-2030 (US$)
Table 14: Furfuryl Alcohol Market Degree of Competition Analysis 2023-2030 (US$)
Table 15: Furfuryl Alcohol Market Value Chain Analysis 2023-2030 (US$)
Table 16: Furfuryl Alcohol Market Pricing Analysis 2023-2030 (US$)
Table 17: Furfuryl Alcohol Market Opportunities Analysis 2023-2030 (US$)
Table 18: Furfuryl Alcohol Market Product Life Cycle Analysis 2023-2030 (US$)
Table 19: Furfuryl Alcohol Market Supplier Analysis 2023-2030 (US$)
Table 20: Furfuryl Alcohol Market Distributor Analysis 2023-2030 (US$)
Table 21: Furfuryl Alcohol Market Trend Analysis 2023-2030 (US$)
Table 22: Furfuryl Alcohol Market Size 2023 (US$)
Table 23: Furfuryl Alcohol Market Forecast Analysis 2023-2030 (US$)
Table 24: Furfuryl Alcohol Market Sales Forecast Analysis 2023-2030 (Units)
Table 25: Furfuryl Alcohol Market, Revenue & Volume, By Application, 2023-2030 ($)
Table 26: Furfuryl Alcohol Market By Application, Revenue & Volume, By Resins, 2023-2030 ($)
Table 27: Furfuryl Alcohol Market By Application, Revenue & Volume, By Solvents, 2023-2030 ($)
Table 28: Furfuryl Alcohol Market By Application, Revenue & Volume, By Plastics, 2023-2030 ($)
Table 29: Furfuryl Alcohol Market By Application, Revenue & Volume, By Adhesives and, 2023-2030 ($)
Table 30: Furfuryl Alcohol Market, Revenue & Volume, By Industry, 2023-2030 ($)
Table 31: Furfuryl Alcohol Market By Industry, Revenue & Volume, By Chemical Industry, 2023-2030 ($)
Table 32: Furfuryl Alcohol Market By Industry, Revenue & Volume, By Metals Industry and, 2023-2030 ($)
Table 33: North America Furfuryl Alcohol Market, Revenue & Volume, By Application, 2023-2030 ($)
Table 34: North America Furfuryl Alcohol Market, Revenue & Volume, By Industry, 2023-2030 ($)
Table 35: South america Furfuryl Alcohol Market, Revenue & Volume, By Application, 2023-2030 ($)
Table 36: South america Furfuryl Alcohol Market, Revenue & Volume, By Industry, 2023-2030 ($)
Table 37: Europe Furfuryl Alcohol Market, Revenue & Volume, By Application, 2023-2030 ($)
Table 38: Europe Furfuryl Alcohol Market, Revenue & Volume, By Industry, 2023-2030 ($)
Table 39: APAC Furfuryl Alcohol Market, Revenue & Volume, By Application, 2023-2030 ($)
Table 40: APAC Furfuryl Alcohol Market, Revenue & Volume, By Industry, 2023-2030 ($)
Table 41: Middle East & Africa Furfuryl Alcohol Market, Revenue & Volume, By Application, 2023-2030 ($)
Table 42: Middle East & Africa Furfuryl Alcohol Market, Revenue & Volume, By Industry, 2023-2030 ($)
Table 43: Russia Furfuryl Alcohol Market, Revenue & Volume, By Application, 2023-2030 ($)
Table 44: Russia Furfuryl Alcohol Market, Revenue & Volume, By Industry, 2023-2030 ($)
Table 45: Israel Furfuryl Alcohol Market, Revenue & Volume, By Application, 2023-2030 ($)
Table 46: Israel Furfuryl Alcohol Market, Revenue & Volume, By Industry, 2023-2030 ($)
Table 47: Top Companies 2023 (US$)Furfuryl Alcohol Market, Revenue & Volume
Table 48: Product Launch 2023-2030Furfuryl Alcohol Market, Revenue & Volume
Table 49: Mergers & Acquistions 2023-2030Furfuryl Alcohol Market, Revenue & Volume
List of Figures:
Figure 1: Overview of Furfuryl Alcohol Market 2023-2030
Figure 2: Market Share Analysis for Furfuryl Alcohol Market 2023 (US$)
Figure 3: Product Comparison in Furfuryl Alcohol Market 2023-2030 (US$)
Figure 4: End User Profile for Furfuryl Alcohol Market 2023-2030 (US$)
Figure 5: Patent Application and Grant in Furfuryl Alcohol Market 2013-2023* (US$)
Figure 6: Top 5 Companies Financial Analysis in Furfuryl Alcohol Market 2023-2030 (US$)
Figure 7: Market Entry Strategy in Furfuryl Alcohol Market 2023-2030
Figure 8: Ecosystem Analysis in Furfuryl Alcohol Market 2023
Figure 9: Average Selling Price in Furfuryl Alcohol Market 2023-2030
Figure 10: Top Opportunites in Furfuryl Alcohol Market 2023-2030
Figure 11: Market Life Cycle Analysis in Furfuryl Alcohol Market
Figure 12: GlobalBy ApplicationFurfuryl Alcohol Market Revenue, 2023-2030 ($)
Figure 13: GlobalBy IndustryFurfuryl Alcohol Market Revenue, 2023-2030 ($)
Figure 14: Global Furfuryl Alcohol Market - By Geography
Figure 15: Global Furfuryl Alcohol Market Value & Volume, By Geography, 2023-2030 ($)
Figure 16: Global Furfuryl Alcohol Market CAGR, By Geography, 2023-2030 (%)
Figure 17: North America Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 18: US Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 19: US GDP and Population, 2023-2030 ($)
Figure 20: US GDP – Composition of 2023, By Sector of Origin
Figure 21: US Export and Import Value & Volume, 2023-2030 ($)
Figure 22: Canada Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 23: Canada GDP and Population, 2023-2030 ($)
Figure 24: Canada GDP – Composition of 2023, By Sector of Origin
Figure 25: Canada Export and Import Value & Volume, 2023-2030 ($)
Figure 26: Mexico Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 27: Mexico GDP and Population, 2023-2030 ($)
Figure 28: Mexico GDP – Composition of 2023, By Sector of Origin
Figure 29: Mexico Export and Import Value & Volume, 2023-2030 ($)
Figure 30: South America Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 31: Brazil Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 32: Brazil GDP and Population, 2023-2030 ($)
Figure 33: Brazil GDP – Composition of 2023, By Sector of Origin
Figure 34: Brazil Export and Import Value & Volume, 2023-2030 ($)
Figure 35: Venezuela Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 36: Venezuela GDP and Population, 2023-2030 ($)
Figure 37: Venezuela GDP – Composition of 2023, By Sector of Origin
Figure 38: Venezuela Export and Import Value & Volume, 2023-2030 ($)
Figure 39: Argentina Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 40: Argentina GDP and Population, 2023-2030 ($)
Figure 41: Argentina GDP – Composition of 2023, By Sector of Origin
Figure 42: Argentina Export and Import Value & Volume, 2023-2030 ($)
Figure 43: Ecuador Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 44: Ecuador GDP and Population, 2023-2030 ($)
Figure 45: Ecuador GDP – Composition of 2023, By Sector of Origin
Figure 46: Ecuador Export and Import Value & Volume, 2023-2030 ($)
Figure 47: Peru Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 48: Peru GDP and Population, 2023-2030 ($)
Figure 49: Peru GDP – Composition of 2023, By Sector of Origin
Figure 50: Peru Export and Import Value & Volume, 2023-2030 ($)
Figure 51: Colombia Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 52: Colombia GDP and Population, 2023-2030 ($)
Figure 53: Colombia GDP – Composition of 2023, By Sector of Origin
Figure 54: Colombia Export and Import Value & Volume, 2023-2030 ($)
Figure 55: Costa Rica Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 56: Costa Rica GDP and Population, 2023-2030 ($)
Figure 57: Costa Rica GDP – Composition of 2023, By Sector of Origin
Figure 58: Costa Rica Export and Import Value & Volume, 2023-2030 ($)
Figure 59: Europe Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 60: U.K Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 61: U.K GDP and Population, 2023-2030 ($)
Figure 62: U.K GDP – Composition of 2023, By Sector of Origin
Figure 63: U.K Export and Import Value & Volume, 2023-2030 ($)
Figure 64: Germany Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 65: Germany GDP and Population, 2023-2030 ($)
Figure 66: Germany GDP – Composition of 2023, By Sector of Origin
Figure 67: Germany Export and Import Value & Volume, 2023-2030 ($)
Figure 68: Italy Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 69: Italy GDP and Population, 2023-2030 ($)
Figure 70: Italy GDP – Composition of 2023, By Sector of Origin
Figure 71: Italy Export and Import Value & Volume, 2023-2030 ($)
Figure 72: France Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 73: France GDP and Population, 2023-2030 ($)
Figure 74: France GDP – Composition of 2023, By Sector of Origin
Figure 75: France Export and Import Value & Volume, 2023-2030 ($)
Figure 76: Netherlands Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 77: Netherlands GDP and Population, 2023-2030 ($)
Figure 78: Netherlands GDP – Composition of 2023, By Sector of Origin
Figure 79: Netherlands Export and Import Value & Volume, 2023-2030 ($)
Figure 80: Belgium Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 81: Belgium GDP and Population, 2023-2030 ($)
Figure 82: Belgium GDP – Composition of 2023, By Sector of Origin
Figure 83: Belgium Export and Import Value & Volume, 2023-2030 ($)
Figure 84: Spain Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 85: Spain GDP and Population, 2023-2030 ($)
Figure 86: Spain GDP – Composition of 2023, By Sector of Origin
Figure 87: Spain Export and Import Value & Volume, 2023-2030 ($)
Figure 88: Denmark Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 89: Denmark GDP and Population, 2023-2030 ($)
Figure 90: Denmark GDP – Composition of 2023, By Sector of Origin
Figure 91: Denmark Export and Import Value & Volume, 2023-2030 ($)
Figure 92: APAC Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 93: China Furfuryl Alcohol Market Value & Volume, 2023-2030
Figure 94: China GDP and Population, 2023-2030 ($)
Figure 95: China GDP – Composition of 2023, By Sector of Origin
Figure 96: China Export and Import Value & Volume, 2023-2030 ($)Furfuryl Alcohol Market China Export and Import Value & Volume, 2023-2030 ($)
Figure 97: Australia Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 98: Australia GDP and Population, 2023-2030 ($)
Figure 99: Australia GDP – Composition of 2023, By Sector of Origin
Figure 100: Australia Export and Import Value & Volume, 2023-2030 ($)
Figure 101: South Korea Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 102: South Korea GDP and Population, 2023-2030 ($)
Figure 103: South Korea GDP – Composition of 2023, By Sector of Origin
Figure 104: South Korea Export and Import Value & Volume, 2023-2030 ($)
Figure 105: India Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 106: India GDP and Population, 2023-2030 ($)
Figure 107: India GDP – Composition of 2023, By Sector of Origin
Figure 108: India Export and Import Value & Volume, 2023-2030 ($)
Figure 109: Taiwan Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 110: Taiwan GDP and Population, 2023-2030 ($)
Figure 111: Taiwan GDP – Composition of 2023, By Sector of Origin
Figure 112: Taiwan Export and Import Value & Volume, 2023-2030 ($)
Figure 113: Malaysia Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 114: Malaysia GDP and Population, 2023-2030 ($)
Figure 115: Malaysia GDP – Composition of 2023, By Sector of Origin
Figure 116: Malaysia Export and Import Value & Volume, 2023-2030 ($)
Figure 117: Hong Kong Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 118: Hong Kong GDP and Population, 2023-2030 ($)
Figure 119: Hong Kong GDP – Composition of 2023, By Sector of Origin
Figure 120: Hong Kong Export and Import Value & Volume, 2023-2030 ($)
Figure 121: Middle East & Africa Furfuryl Alcohol Market Middle East & Africa 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 122: Russia Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 123: Russia GDP and Population, 2023-2030 ($)
Figure 124: Russia GDP – Composition of 2023, By Sector of Origin
Figure 125: Russia Export and Import Value & Volume, 2023-2030 ($)
Figure 126: Israel Furfuryl Alcohol Market Value & Volume, 2023-2030 ($)
Figure 127: Israel GDP and Population, 2023-2030 ($)
Figure 128: Israel GDP – Composition of 2023, By Sector of Origin
Figure 129: Israel Export and Import Value & Volume, 2023-2030 ($)
Figure 130: Entropy Share, By Strategies, 2023-2030* (%)Furfuryl Alcohol Market
Figure 131: Developments, 2023-2030*Furfuryl Alcohol Market
Figure 132: Company 1 Furfuryl Alcohol Market Net Revenue, By Years, 2023-2030* ($)
Figure 133: Company 1 Furfuryl Alcohol Market Net Revenue Share, By Business segments, 2023 (%)
Figure 134: Company 1 Furfuryl Alcohol Market Net Sales Share, By Geography, 2023 (%)
Figure 135: Company 2 Furfuryl Alcohol Market Net Revenue, By Years, 2023-2030* ($)
Figure 136: Company 2 Furfuryl Alcohol Market Net Revenue Share, By Business segments, 2023 (%)
Figure 137: Company 2 Furfuryl Alcohol Market Net Sales Share, By Geography, 2023 (%)
Figure 138: Company 3 Furfuryl Alcohol Market Net Revenue, By Years, 2023-2030* ($)
Figure 139: Company 3 Furfuryl Alcohol Market Net Revenue Share, By Business segments, 2023 (%)
Figure 140: Company 3 Furfuryl Alcohol Market Net Sales Share, By Geography, 2023 (%)
Figure 141: Company 4 Furfuryl Alcohol Market Net Revenue, By Years, 2023-2030* ($)
Figure 142: Company 4 Furfuryl Alcohol Market Net Revenue Share, By Business segments, 2023 (%)
Figure 143: Company 4 Furfuryl Alcohol Market Net Sales Share, By Geography, 2023 (%)
Figure 144: Company 5 Furfuryl Alcohol Market Net Revenue, By Years, 2023-2030* ($)
Figure 145: Company 5 Furfuryl Alcohol Market Net Revenue Share, By Business segments, 2023 (%)
Figure 146: Company 5 Furfuryl Alcohol Market Net Sales Share, By Geography, 2023 (%)
Figure 147: Company 6 Furfuryl Alcohol Market Net Revenue, By Years, 2023-2030* ($)
Figure 148: Company 6 Furfuryl Alcohol Market Net Revenue Share, By Business segments, 2023 (%)
Figure 149: Company 6 Furfuryl Alcohol Market Net Sales Share, By Geography, 2023 (%)
Figure 150: Company 7 Furfuryl Alcohol Market Net Revenue, By Years, 2023-2030* ($)
Figure 151: Company 7 Furfuryl Alcohol Market Net Revenue Share, By Business segments, 2023 (%)
Figure 152: Company 7 Furfuryl Alcohol Market Net Sales Share, By Geography, 2023 (%)
Figure 153: Company 8 Furfuryl Alcohol Market Net Revenue, By Years, 2023-2030* ($)
Figure 154: Company 8 Furfuryl Alcohol Market Net Revenue Share, By Business segments, 2023 (%)
Figure 155: Company 8 Furfuryl Alcohol Market Net Sales Share, By Geography, 2023 (%)
Figure 156: Company 9 Furfuryl Alcohol Market Net Revenue, By Years, 2023-2030* ($)
Figure 157: Company 9 Furfuryl Alcohol Market Net Revenue Share, By Business segments, 2023 (%)
Figure 158: Company 9 Furfuryl Alcohol Market Net Sales Share, By Geography, 2023 (%)
Figure 159: Company 10 Furfuryl Alcohol Market Net Revenue, By Years, 2023-2030* ($)
Figure 160: Company 10 Furfuryl Alcohol Market Net Revenue Share, By Business segments, 2023 (%)
Figure 161: Company 10 Furfuryl Alcohol Market Net Sales Share, By Geography, 2023 (%)
Figure 162: Company 11 Furfuryl Alcohol Market Net Revenue, By Years, 2023-2030* ($)
Figure 163: Company 11 Furfuryl Alcohol Market Net Revenue Share, By Business segments, 2023 (%)
Figure 164: Company 11 Furfuryl Alcohol Market Net Sales Share, By Geography, 2023 (%)
Figure 165: Company 12 Furfuryl Alcohol Market Net Revenue, By Years, 2023-2030* ($)
Figure 166: Company 12 Furfuryl Alcohol Market Net Revenue Share, By Business segments, 2023 (%)
Figure 167: Company 12 Furfuryl Alcohol Market Net Sales Share, By Geography, 2023 (%)
Figure 168: Company 13 Furfuryl Alcohol Market Net Revenue, By Years, 2023-2030* ($)
Figure 169: Company 13 Furfuryl Alcohol Market Net Revenue Share, By Business segments, 2023 (%)
Figure 170: Company 13 Furfuryl Alcohol Market Net Sales Share, By Geography, 2023 (%)
Figure 171: Company 14 Furfuryl Alcohol Market Net Revenue, By Years, 2023-2030* ($)
Figure 172: Company 14 Furfuryl Alcohol Market Net Revenue Share, By Business segments, 2023 (%)
Figure 173: Company 14 Furfuryl Alcohol Market Net Sales Share, By Geography, 2023 (%)
Figure 174: Company 15 Furfuryl Alcohol Market Net Revenue, By Years, 2023-2030* ($)
Figure 175: Company 15 Furfuryl Alcohol Market Net Revenue Share, By Business segments, 2023 (%)
Figure 176: Company 15 Furfuryl Alcohol Market Net Sales Share, By Geography, 2023 (%)