- Furfuryl alcohol is essential in the production of high-performance furan resins, which are widely used for creating foundry molds and cores. These molds are crucial for the precision casting of metals, ensuring quality and strength in the final products
- As industries such as automotive and aerospace continue to expand, the need for lightweight, durable metal components rises, further driving demand for furfuryl alcohol-based furan resins. This growing application in critical industries positions furfuryl alcohol as a valuable material in the global market
- The increasing use of furfuryl alcohol in furan resins for metal casting applications, particularly in the automotive and aerospace sectors, is a key driver for market growth
- Asia-Pacific dominated the furfuryl alcohol market with the largest revenue share of 36.96% in 2024, driven by abundant raw material availability, expanding foundry and resin manufacturing industries, and supportive government policies for green chemistry adoption
- North America is projected to grow at the fastest CAGR of 7.15% from 2025 to 2032, driven by rising demand for eco-friendly resins, industrial adhesives, and corrosion inhibitors across multiple end-use sectors
- The Corncobs segment dominated the market with the largest revenue share of 53.1% in 2024, owing to its high cellulose content, cost-effectiveness, and easy availability across major furfural-producing regions
