Furan Resin Market Report 2026

The furan resin market size has grown strongly in recent years. It will grow from $19.6 billion in 2025 to $20.86 billion in 2026 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to growth of foundry and casting industries, increasing demand for corrosion-resistant materials, expansion of industrial adhesive applications, availability of furfural-based raw materials, rising use in chemical processing environments.

The furan resin market size is expected to see strong growth in the next few years. It will grow to $26.87 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing demand for sustainable industrial resins, rising adoption in automotive and construction sectors, expansion of high-performance composite materials, growing focus on environmentally friendly binders, increasing investments in specialty resin development. Major trends in the forecast period include increasing use of bio-based resin systems, rising adoption in foundry applications, growing demand for chemical-resistant materials, expansion of high-temperature adhesive applications, enhanced focus on sustainable binder solutions.

The rising demand for lightweight and fuel-efficient automobiles globally is expected to drive the growth of the furan resin market. Lightweight and fuel-efficient automobiles utilize advanced structural materials that enhance fuel economy while maintaining safety and performance. Many automotive components are mixed or coated with furan resins and their derivatives, improving tensile strength and reducing vehicle weight. Furan resins offer benefits such as lightweight, corrosion resistance, and high strength. For instance, in April 2024, according to the International Energy Agency, electric car sales increased by 3.5 million units in 2023 compared to 2022, marking a 35% year-on-year rise.

Major companies in the furan resin market are focusing on advanced solutions such as Amberlite P2X110 ion exchange resin to drive growth. Amberlite P2X110 is designed to accommodate the specific chemistry of electrolyzer loops and support hydrogen synthesis from water. In September 2023, DuPont de Nemours Inc., a US-based chemical company, launched Amberlite P2X110, a multifunctional mixed-bed resin formulated to enhance electrolyzer performance and promote sustainable green hydrogen production.

In August 2023, Bakelite Synthetics Inc., a manufacturer of synthetic resins and polymers based in the U.S., acquired Laxmi Ratan Bhansali Group (LRBG) Chemicals Pvt. Ltd. for an undisclosed amount. This acquisition is intended to enhance Bakelite Synthetics’ product portfolio and increase its presence in the synthetic resins and polymers market, utilizing synergies to foster growth and innovation. LRBG Chemicals Pvt. Ltd. is a U.S.-based company that produces high-quality resins and derivative products.

Major companies operating in the furan resin market are Hexion Inc., ASK Chemicals GmbH, BASF SE, Ashland Global Holdings Inc., Shandong Shengquan New Materials Co., Ltd., DynaChem Inc., TransFurans Chemicals B.V., Penn A Kem LLC, Silvateam S.p.A., UBE Corporation, Mitsui Chemicals, Inc., Sumitomo Bakelite Co., Ltd., Prefere Resins Holding GmbH, Kolon Industries, Inc., Changchun Group Co., Ltd., Aica Kogyo Co., Ltd., Hitachi Chemical Co., Ltd., Tembec Inc., Koppers Inc., Allnex Group GmbH.

Asia-Pacific was the largest region in the furan resin market in 2025 and is expected to be the fastest-growing region in the global furan resin report during the forecast period. The regions covered in the furan resin market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the furan resin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The furan resin market consists of sales of acetyl Resin, modified furfuryl alcohol resin, furfural-acetone resin, and furfural-phenol resin. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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