Market Forecast by Regions and Countries (North America, Europe, LATAM, Middle East, Asia Pacific and Africa), By End-use (Agriculture, Paints & Coatings, Pharmaceuticals, Food & Beverage, Refineries, Others), By Application (Furfuryl alcohol, Solvent, Intermediate, Others), By Raw Material (Corn cob, Sugarcane bagasse, Sunflower hull, Rice husk, Others), By Process (Quaker Batch Process, Chinese Batch Process, Rosenlew Continuous Process, Others) And Competitive Landscape
| Product Code: ETC13190291 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the global furfural market has been witnessing robust growth, driven by increasing demand across diverse industrial sectors. As of 2024, the market was valued at approximately USD 682 million and is expected to reach a value of USD 1.3 billion by 2031, growing at a compound annual growth rate (CAGR) of 8.2% during the forecast period.
| Report Name | Global Furfural Market |
| Report Category / Coverage | Global |
| Forecast Period | 2025-2031 |
| CAGR | 8.2% |
| Market Size | USD 1.3 billion by 2031 |
| Growing Sector | Agriculture |
The Global Furfural Market report thoroughly covers the market by End-use, Application, Raw Material, Process and Regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The global furfural market has been experiencing a massive growth, underpinned by the rising demand for sustainable chemical and environmentally friendly alternatives. Furfural is a renewable chemical derived from agricultural byproducts such as corn cobs, sugarcane bagasse, and rice husks, is widely used in various industries. Its primary applications include the production of furfuryl alcohol, used extensively in the foundry industry, and its role as a solvent in refining processes. Additionally, the use of furfural in the pharmaceutical, agricultural, and plastic sectors is expanding due to its versatility and biodegradability.
Global Furfural Market is expected to grow at a significant CAGR of 8.2% during the forecast period 2025-2031. The key drivers for the global furfural market include the rise in the preference for sustainable and renewable materials in industrial manufacturing. The agriculture industry's reliance on furfural-based fertilizers and pesticides, coupled with its extensive use as a solvent in the paints & coatings sector, further contributes to demand. Additionally, government incentives promoting bio-based products and advancements in furfural production processes are fueling the Global Furfural Market growth.
Despite rapid growth, the furfural market faces several challenges. The high costs associated with raw materials and the labor-intensive production processes limit scalability for smaller manufacturers. Environmental concerns regarding waste disposal after furfural extraction also pose regulatory challenges. Additionally, fluctuating agricultural yields, driven by seasonal variations, can affect the steady availability of raw materials, thus impacting production levels.
There is an important trend shaping the market with increasing utilization of furfural in pharmaceutical applications owing to its antimicrobial properties. Besides this, the market is witnessing some changes on account of the adoption of automated and energy-efficient production processes to curtail costs. With improvements in biorefinery techniques, manufacturers have slowly begun extracting furfural more efficiently from multiple biomass feedstocks, which attempts at mitigating dependence on raw materials.
The increase in industrialization and worldwide concern for green chemistry offer lucrative opportunities in the furfural market. Investment opportunities are particularly bright in places like the Asia-Pacific region, which dominate global production activity, and in technologies that make production more efficient. Investors may consider end markets that are high-growth areas for finfurfural applications, such as pharmaceutics and advanced materials, where demand for furfural derivatives is steadily climbing.
The global furfural market is dominated by key players such as Central Romana Corporation Ltd., Illovo Sugar Ltd., Hebei Xingtai Chunlei Furfuryl Alcohol Co., Ltd., Shandong Crownchem Industries Co., Ltd., and Tieling North Furfural (Group) Co., Ltd. These companies are investing heavily in product innovation, technological advancements, and capacity expansion to maintain a competitive edge in the rapidly evolving market landscape.
Government regulations promoting the use of bio-based materials as substitutes for petroleum-derived chemicals play a critical role in market growth. Many countries are enforcing stricter environmental regulations, leading to increased adoption of furfural. For instance, the EU's bio-economy strategy and similar climate-focused initiatives in the US and China have significantly influenced the expansion of this market. Moreover, governments are also providing financial incentives and subsidies to promote the production and use of furfural as a sustainable alternative. The implementation of regulations such as REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) in Europe has led to an increase in demand for bio-based chemicals. This has also resulted in a shift towards renewable resources such as furfural.
The future of the furfural market lies in industrial innovation and the development of cost-efficient production processes. With advancements in biotechnological methods, the market is expected to witness widespread adoption across newer applications beyond traditional industries, creating untapped potential. Emerging economies with rich agricultural resources are likely to lead the market in both production and consumption. Additionally, increasing environmental concerns and the shift towards sustainable alternatives are expected to drive the demand for furfural in various industries.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
The agriculture sector is the leading end-use segment, driven by furfural's application in bio-pesticides, herbicides, and soil conditioners. Its biodegradable nature aligns perfectly with the increasing demand for eco-friendly agricultural solutions.
According to Ravi Bhandari, Research Head, 6Wresearch, Asia-Pacific is the dominating region, accounting for more than 70% of global furfural production. Countries like China and India capitalize on their abundant agricultural residues for efficient furfural extraction. The region's dominance is further supported by its robust industrial base and favorable governmental policies.
The market report provides a detailed analysis of the following market segments:
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Global Furfural Market Overview |
| 3.1 Global Regional Macro Economic Indicators |
| 3.2 Global Furfural Market Revenues & Volume, 2021 & 2031F |
| 3.3 Global Furfural Market - Industry Life Cycle |
| 3.4 Global Furfural Market - Porter's Five Forces |
| 3.5 Global Furfural Market Revenues & Volume Share, By Regions, 2021 & 2031F |
| 3.6 Global Furfural Market Revenues & Volume Share, By End-use, 2021 & 2031F |
| 3.7 Global Furfural Market Revenues & Volume Share, By Application, 2021 & 2031F |
| 3.8 Global Furfural Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
| 3.9 Global Furfural Market Revenues & Volume Share, By Process, 2021 & 2031F |
| 4 Global Furfural Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Global Furfural Market Trends |
| 6 Global Furfural Market, 2021 - 2031 |
| 6.1 Global Furfural Market, Revenues & Volume, By End-use, 2021 - 2031 |
| 6.1.1 Overview & Analysis |
| 6.1.2 Global Furfural Market, Revenues & Volume, By Agriculture, 2021 - 2031 |
| 6.1.3 Global Furfural Market, Revenues & Volume, By Paints & Coatings, 2021 - 2031 |
| 6.1.4 Global Furfural Market, Revenues & Volume, By Pharmaceuticals, 2021 - 2031 |
| 6.1.5 Global Furfural Market, Revenues & Volume, By Food & Beverage, 2021 - 2031 |
| 6.1.6 Global Furfural Market, Revenues & Volume, By Refineries, 2021 - 2031 |
| 6.1.7 Global Furfural Market, Revenues & Volume, By Others, 2021 - 2031 |
| 6.2 Global Furfural Market, Revenues & Volume, By Application, 2021 - 2031 |
| 6.2.1 Overview & Analysis |
| 6.2.2 Global Furfural Market, Revenues & Volume, By Furfuryl alcohol, 2021 - 2031 |
| 6.2.3 Global Furfural Market, Revenues & Volume, By Solvent, 2021 - 2031 |
| 6.2.4 Global Furfural Market, Revenues & Volume, By Intermediate, 2021 - 2031 |
| 6.2.5 Global Furfural Market, Revenues & Volume, By Others, 2021 - 2031 |
| 6.3 Global Furfural Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
| 6.3.1 Overview & Analysis |
| 6.3.2 Global Furfural Market, Revenues & Volume, By Corn cob, 2021 - 2031 |
| 6.3.3 Global Furfural Market, Revenues & Volume, By Sugarcane bagasse, 2021 - 2031 |
| 6.3.4 Global Furfural Market, Revenues & Volume, By Sunflower hull, 2021 - 2031 |
| 6.3.5 Global Furfural Market, Revenues & Volume, By Rice husk, 2021 - 2031 |
| 6.3.6 Global Furfural Market, Revenues & Volume, By Others, 2021 - 2031 |
| 6.4 Global Furfural Market, Revenues & Volume, By Process, 2021 - 2031 |
| 6.4.1 Overview & Analysis |
| 6.4.2 Global Furfural Market, Revenues & Volume, By Quaker Batch Process, 2021 - 2031 |
| 6.4.3 Global Furfural Market, Revenues & Volume, By Chinese Batch Process, 2021 - 2031 |
| 6.4.4 Global Furfural Market, Revenues & Volume, By Rosenlew Continuous Process, 2021 - 2031 |
| 6.4.5 Global Furfural Market, Revenues & Volume, By Others, 2021 - 2031 |
| 7 North America Furfural Market, Overview & Analysis |
| 7.1 North America Furfural Market Revenues & Volume, 2021 - 2031 |
| 7.2 North America Furfural Market, Revenues & Volume, By Countries, 2021 - 2031 |
| 7.2.1 United States (US) Furfural Market, Revenues & Volume, 2021 - 2031 |
| 7.2.2 Canada Furfural Market, Revenues & Volume, 2021 - 2031 |
| 7.2.3 Rest of North America Furfural Market, Revenues & Volume, 2021 - 2031 |
| 7.3 North America Furfural Market, Revenues & Volume, By End-use, 2021 - 2031 |
| 7.4 North America Furfural Market, Revenues & Volume, By Application, 2021 - 2031 |
| 7.5 North America Furfural Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
| 7.6 North America Furfural Market, Revenues & Volume, By Process, 2021 - 2031 |
| 8 Latin America (LATAM) Furfural Market, Overview & Analysis |
| 8.1 Latin America (LATAM) Furfural Market Revenues & Volume, 2021 - 2031 |
| 8.2 Latin America (LATAM) Furfural Market, Revenues & Volume, By Countries, 2021 - 2031 |
| 8.2.1 Brazil Furfural Market, Revenues & Volume, 2021 - 2031 |
| 8.2.2 Mexico Furfural Market, Revenues & Volume, 2021 - 2031 |
| 8.2.3 Argentina Furfural Market, Revenues & Volume, 2021 - 2031 |
| 8.2.4 Rest of LATAM Furfural Market, Revenues & Volume, 2021 - 2031 |
| 8.3 Latin America (LATAM) Furfural Market, Revenues & Volume, By End-use, 2021 - 2031 |
| 8.4 Latin America (LATAM) Furfural Market, Revenues & Volume, By Application, 2021 - 2031 |
| 8.5 Latin America (LATAM) Furfural Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
| 8.6 Latin America (LATAM) Furfural Market, Revenues & Volume, By Process, 2021 - 2031 |
| 9 Asia Furfural Market, Overview & Analysis |
| 9.1 Asia Furfural Market Revenues & Volume, 2021 - 2031 |
| 9.2 Asia Furfural Market, Revenues & Volume, By Countries, 2021 - 2031 |
| 9.2.1 India Furfural Market, Revenues & Volume, 2021 - 2031 |
| 9.2.2 China Furfural Market, Revenues & Volume, 2021 - 2031 |
| 9.2.3 Japan Furfural Market, Revenues & Volume, 2021 - 2031 |
| 9.2.4 Rest of Asia Furfural Market, Revenues & Volume, 2021 - 2031 |
| 9.3 Asia Furfural Market, Revenues & Volume, By End-use, 2021 - 2031 |
| 9.4 Asia Furfural Market, Revenues & Volume, By Application, 2021 - 2031 |
| 9.5 Asia Furfural Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
| 9.6 Asia Furfural Market, Revenues & Volume, By Process, 2021 - 2031 |
| 10 Africa Furfural Market, Overview & Analysis |
| 10.1 Africa Furfural Market Revenues & Volume, 2021 - 2031 |
| 10.2 Africa Furfural Market, Revenues & Volume, By Countries, 2021 - 2031 |
| 10.2.1 South Africa Furfural Market, Revenues & Volume, 2021 - 2031 |
| 10.2.2 Egypt Furfural Market, Revenues & Volume, 2021 - 2031 |
| 10.2.3 Nigeria Furfural Market, Revenues & Volume, 2021 - 2031 |
| 10.2.4 Rest of Africa Furfural Market, Revenues & Volume, 2021 - 2031 |
| 10.3 Africa Furfural Market, Revenues & Volume, By End-use, 2021 - 2031 |
| 10.4 Africa Furfural Market, Revenues & Volume, By Application, 2021 - 2031 |
| 10.5 Africa Furfural Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
| 10.6 Africa Furfural Market, Revenues & Volume, By Process, 2021 - 2031 |
| 11 Europe Furfural Market, Overview & Analysis |
| 11.1 Europe Furfural Market Revenues & Volume, 2021 - 2031 |
| 11.2 Europe Furfural Market, Revenues & Volume, By Countries, 2021 - 2031 |
| 11.2.1 United Kingdom Furfural Market, Revenues & Volume, 2021 - 2031 |
| 11.2.2 Germany Furfural Market, Revenues & Volume, 2021 - 2031 |
| 11.2.3 France Furfural Market, Revenues & Volume, 2021 - 2031 |
| 11.2.4 Rest of Europe Furfural Market, Revenues & Volume, 2021 - 2031 |
| 11.3 Europe Furfural Market, Revenues & Volume, By End-use, 2021 - 2031 |
| 11.4 Europe Furfural Market, Revenues & Volume, By Application, 2021 - 2031 |
| 11.5 Europe Furfural Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
| 11.6 Europe Furfural Market, Revenues & Volume, By Process, 2021 - 2031 |
| 12 Middle East Furfural Market, Overview & Analysis |
| 12.1 Middle East Furfural Market Revenues & Volume, 2021 - 2031 |
| 12.2 Middle East Furfural Market, Revenues & Volume, By Countries, 2021 - 2031 |
| 12.2.1 Saudi Arabia Furfural Market, Revenues & Volume, 2021 - 2031 |
| 12.2.2 UAE Furfural Market, Revenues & Volume, 2021 - 2031 |
| 12.2.3 Turkey Furfural Market, Revenues & Volume, 2021 - 2031 |
| 12.3 Middle East Furfural Market, Revenues & Volume, By End-use, 2021 - 2031 |
| 12.4 Middle East Furfural Market, Revenues & Volume, By Application, 2021 - 2031 |
| 12.5 Middle East Furfural Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
| 12.6 Middle East Furfural Market, Revenues & Volume, By Process, 2021 - 2031 |
| 13 Global Furfural Market Key Performance Indicators |
| 14 Global Furfural Market - Export/Import By Countries Assessment |
| 15 Global Furfural Market - Opportunity Assessment |
| 15.1 Global Furfural Market Opportunity Assessment, By Countries, 2021 & 2031F |
| 15.2 Global Furfural Market Opportunity Assessment, By End-use, 2021 & 2031F |
| 15.3 Global Furfural Market Opportunity Assessment, By Application, 2021 & 2031F |
| 15.4 Global Furfural Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
| 15.5 Global Furfural Market Opportunity Assessment, By Process, 2021 & 2031F |
| 16 Global Furfural Market - Competitive Landscape |
| 16.1 Global Furfural Market Revenue Share, By Companies, 2024 |
| 16.2 Global Furfural Market Competitive Benchmarking, By Operating and Technical Parameters |
| 17 Top 10 Company Profiles |
| 18 Recommendations |
| 19 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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