Furfuryl Alcohol Price Trend and Forecast

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 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.

Furfuryl Alcohol Price Chart

Furfuryl Alcohol Price Trends

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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.

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About

Furfuryl Alcohol is a chemical molecule having a furan substituted with a hydroxymethyl group. Although the liquid is colourless, ageing samples appear amber. It has a little burning odour and a harsh flavour. It is miscible in water yet unstable. It can be dissolved in most organic solvents.

Product Details

Report Features Details
Product Name Furfuryl Alcohol
Industrial Uses Resins, Solvent, Corrosion Inhibitors
Chemical Formula C5H6O2
Synonyms 2-Furanmethanol, furan-2-ylmethanol, 2-Furylmethanol
Molecular Weight 98.10g/mol
Supplier Database ILLOVO SUGAR AFRICA (PTY) LTD, Linzi Organic Chemical Inc. Ltd., TransFurans Chemicals bvba, DalinYebo, Hebeichem, SilvateamS.p.a., Shandong Crownchem Industries Co., Ltd., Hongye Holdings Group Corp., Ltd.
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Furfuryl Alcohol Production from Hydrogenation

Hydrogenation of hydrogen and furfural produces furfuryl alcohol. Furfuryl alcohol is produced after furfural and hydrogen are sent to a hydrogenation reactor. The furfural residue is returned to the reactor for further processing.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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