Bio-based Furfuryl Alcohol Market Expected to Reach USD 920 Million by 2032 Amid Rising Demand for Sustainable Chemicals
The global Bio-based Furfuryl Alcohol
market is witnessing substantial growth as industries increasingly adopt renewable chemicals derived from biomass. Bio-based furfuryl alcohol, produced primarily from agricultural residues such as corn cobs, sugarcane bagasse, and rice husks, is emerging as a sustainable alternative to petroleum-based chemicals. According to Market Intelo, the market was valued at USD 410 million in 2024 and is projected to reach USD 920 million by 2032, expanding at a compound annual growth rate (CAGR) of 10.6% from 2025 to 2032.
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