Furfuryl Alcohol Price Trend and Forecast

Furfuryl Alcohol Regional Price Overview

Get the latest insights on price movement and trend analysis of Furfuryl Alcohol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Furfuryl Alcohol Price Trend for the Year 2024

Furfuryl alcohol prices experienced notable fluctuations throughout 2024, driven by multiple market factors. In the first quarter, prices climbed steadily due to tight supply conditions and increased demand from the foundry industry. Production constraints in key manufacturing regions contributed to this upward trajectory, while elevated raw material costs—particularly corn and sugarcane—further pressured producers.
 

Furfuryl Alcohol Price Chart

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By mid-year, the market witnessed a temporary stabilization as supply chains improved and additional production capacity came online. However, this equilibrium proved short-lived as energy costs surged in the third quarter, directly impacting manufacturing expenses. The resin and polymer sectors' sustained demand maintained healthy consumption levels despite economic uncertainties in some markets.

The final quarter brought gradual price corrections as inventory levels improved and seasonal demand patterns shifted. Production facilities operated at higher efficiency rates, which helped ease some supply constraints. Trade flow adjustments and logistical improvements facilitated smoother market operations, though transportation costs remained a challenge throughout the year.

Analyst Insight

According to Procurement Resource, Furfuryl Alcohol prices may face continued pressure from sustainability initiatives and evolving regulations, while new applications in eco-friendly resins could provide demand support.
 

Furfuryl Alcohol Price Trend for the Second Half of 2023

Furfuryl alcohol prices closely aligned with the price trends of its feedstock material corn during the last two quarters of 2023. The market performance was relatively better in the third quarter than in the fourth quarter. The downstream resin and construction industries were working better in the third quarter as the global markets were comparatively stable during this period.

Because of this, the furfuryl alcohol price graph saw some upward oscillations in the third quarter. However, due to the long holiday season in the fourth quarter, the construction industry was put on the back foot a little. This prompted the furfuryl alcohol prices to dip in the year-ending quarter. Overall, a mixed price trajectory was witnessed during H2’23.

Analyst Insight

According to Procurement Resource, the Furfuryl Alcohol prices are expected to continue to waver going forward, given the current uncertainties in the downstream demands.

Procurement Resource provides latest prices of Furfuryl Alcohol. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.