푸르푸랄 유도체 시장 : 규모, 점유율, 성장 분석, 제품 유형별, 용도별, 원료별, 판매 채널별, 지역별 산업 예측(2025-2032년)

Global Furfural Derivatives Market size was valued at USD 13.8 billion in 2023 and is poised to grow from USD 14.66 billion in 2024 to USD 23.71 billion by 2032, growing at a CAGR of 6.2% during the forecast period (2025-2032).

The global market for furfural derivatives, including furfuryl alcohol, tetrahydrofuran, and furan resins, is gaining momentum as a sustainable alternative to petrochemicals. With furfuryl alcohol leading in demand due to its applications in foundry resins, thermosetting resins, and as a catalyst, the versatility of these bio-based intermediates is further enhanced by their usage in agrochemicals, pharmaceuticals, and renewable solvents. The Asia-Pacific region dominates this market, driven by strong manufacturing capabilities and growing demand in countries like India, Japan, and South Korea, where agricultural residues provide a steady feedstock. Meanwhile, Europe focuses on bio-based chemicals and packaging, and North America prioritizes specialty chemical applications. Despite concerns over market volatility and production costs, investments in efficiency and bio-refinery integration signal a promising future for furfural derivatives in specialty chemicals.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Furfural Derivatives market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Furfural Derivatives Market Segments Analysis

Global Furfural Derivatives Market is segmented by Product Type, Application, Raw Material, Sales Channel and region. Based on Product Type, the market is segmented into Furfuryl Alcohol, Furoic Acid, Tetrahydrofuran (THF) and Others. Based on Application, the market is segmented into Solvents, Polymers & Resins, Pharmaceuticals, Agrochemicals and Food & Beverage Additives. Based on Raw Material, the market is segmented into Corn Cob, Sugarcane Bagasse, Rice Husk and Others. Based on Sales Channel, the market is segmented into Direct Sales (B2B) and Distributors & Traders. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Furfural Derivatives Market

A significant driver of the global furfural derivatives market is the industry's shift towards sustainability. Derived from renewable biomass, furfural derivatives are gaining traction as eco-friendly alternatives to traditional oil-based chemicals, particularly in the solvent sector. Heightened environmental regulations are encouraging various industries to favor bio-based solvents, further accelerating the adoption of these sustainable chemical solutions. This growing emphasis on environmentally conscious practices not only aligns with market trends but also serves to directly enhance the growth of the global furfural derivatives market, as businesses increasingly seek greener options to meet consumer demands and regulatory standards.

Restraints in the Global Furfural Derivatives Market

The global furfural derivatives market faces significant constraints due to its dependence on the price and availability of agricultural by-products like corn cobs and sugarcane bagasse. These feedstocks are often in limited supply and can be diverted for alternative uses, such as animal feed. Furthermore, fluctuations in crop yields create instability in the availability and pricing of these raw materials. This inherent volatility in supply and cost of feedstocks poses challenges, ultimately hindering the potential growth and expansion of the global furfural derivatives market. As a result, market participants must navigate these uncertainties carefully to sustain their operations.

Market Trends of the Global Furfural Derivatives Market

The Global Furfural Derivatives market is experiencing a notable shift driven by the increasing demand for bio-based resins and polymers. As industries seek to minimize their reliance on petrochemical products, furfural derivatives, particularly furfuryl alcohol, are emerging as essential feedstocks for developing sustainable materials. This transition is largely fueled by end-users prioritizing eco-friendly solutions, especially in sectors like foundry applications and composites. The growing acceptance and application of furan-based resins not only support environmental goals but also enhance product performance, marking a significant trend in the market that is cultivating innovation and sustainability across various industries.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis

Global Furfural Derivatives Market Size by Product Type & CAGR (2025-2032)

• Market Overview
• Furfuryl Alcohol
• Furoic Acid
• Tetrahydrofuran (THF)
• Others

Global Furfural Derivatives Market Size by Application & CAGR (2025-2032)

• Market Overview
• Solvents
• Polymers & Resins
• Pharmaceuticals
• Agrochemicals
• Food & Beverage Additives

Global Furfural Derivatives Market Size by Raw Material & CAGR (2025-2032)

• Market Overview
• Corn Cob
• Sugarcane Bagasse
• Rice Husk
• Others

Global Furfural Derivatives Market Size by Sales Channel & CAGR (2025-2032)

• Market Overview
• Direct Sales (B2B)
• Distributors & Traders

Global Furfural Derivatives Market Size & CAGR (2025-2032)

• North America (Product Type, Application, Raw Material, Sales Channel)
  • US
  • Canada
• Europe (Product Type, Application, Raw Material, Sales Channel)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Product Type, Application, Raw Material, Sales Channel)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Product Type, Application, Raw Material, Sales Channel)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Product Type, Application, Raw Material, Sales Channel)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• Central Romana Corporation (Dominican Republic)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hongye Holding Group Corporation Ltd (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Illovo Sugar Africa (Pty) Ltd (South Africa)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• KRBL Ltd (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Lenzing AG (Austria)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Pennakem LLC (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Silvateam S.p.A. (Italy)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Tanin d.d. (Slovenia)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• TransFurans Chemicals BVBA (Belgium)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Shandong Crownchem Industries Co. Ltd (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Corbion NV (Netherlands)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sinochem Qingdao Co. Ltd (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ashland, Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Avantium Holding BV (Netherlands)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• BASF SE (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• DynaChem Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsubishi Chemical Holdings Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• FuranChem (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Zibo Qixin Biochemical Co., Ltd (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Penta Manufacturing Company (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations