Furan Resin Market Report 2025

The furan resin market size has grown strongly in recent years. It will grow from $18.71 billion in 2024 to $19.87 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to end-user preferences, renewable energy sector, global economic conditions, market competition, industrial demand, increasing demand for composites.

The furan resin market size is expected to see strong growth in the next few years. It will grow to $25.85 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to economic growth impact, shift in consumer preferences, market expansion strategies, sustainability initiatives, rising demand in end-use industries. Major trends in the forecast period include industry demand, environmental regulations, substitute material utilization, market competition, and infrastructure development.

The growing global demand for lightweight and fuel-efficient vehicles is anticipated to drive the expansion of the furan resin market. Lightweight and fuel-efficient vehicles utilize advanced structural materials that enhance fuel efficiency while ensuring safety and performance. Various automotive components are mixed or coated with furan resins and their derivatives, which improves their tensile strength and decreases the overall weight of the vehicle. Furan resins provide numerous advantages, such as being lightweight, corrosion-resistant, and possessing high strength. As a result, the increasing demand for lightweight and fuel-efficient vehicles worldwide is stimulating furan resin sales. For example, in April 2024, the International Energy Agency, a France-based intergovernmental organization, reported that electric vehicle sales surged by 3.5 million units in 2023 compared to 2022, representing a 35% year-on-year increase. Therefore, the rising demand for lightweight and fuel-efficient automobiles globally is fueling the growth of the furan resin market.

The growing demand within the construction sector is projected to drive the expansion of the furan resin market in the coming years. The construction industry encompasses the economic activities involved in planning, designing, executing, and maintaining buildings, infrastructure, and other structures. Furan resins are utilized in this industry, especially in composite materials and infrastructure applications, due to their excellent tensile strength, corrosion resistance, durability, fire resistance, and high-temperature stability, along with good dimensional stability that minimizes the risk of warping or distortion over time. For example, in November 2023, the Office for National Statistics, a national statistical institute in the UK, reported that total new work increased by £18.16 billion ($23,073 million) in 2022, reflecting growth in both private and public sectors, with rises of 16.8% and 13.1%, respectively. Key contributors to this growth included private new housing, public infrastructure projects, and private industrial developments, which saw increases of 22.8%, 19.3%, and 56%, respectively. Consequently, the rising demand in the construction sector is propelling the growth of the furan resin market.

Leading companies in the furan resin market are forming strategic partnerships to enhance their market presence, improve product offerings, and strengthen their supply chains. Strategic partnerships involve companies utilizing each other’s strengths and resources to achieve shared benefits and success. For example, in December 2022, TRB Lightweight Structures Ltd., a UK-based manufacturer specializing in lightweight composite materials and structures, collaborated with the University of Bristol, a UK educational institution, to promote research and development in innovative composite materials for various applications, thereby enhancing both academic understanding and industry capabilities. This partnership aims to expand the poly(furfuryl alcohol) (PFA) resin portfolio by developing advanced lightweight composite materials that offer improved functionality and environmental advantages.

Major players in the furan resin market are strategically focusing on advanced solutions, such as Amberlite P2X110 ion exchange resin, to drive their revenues. Amberlite P2X110 ion exchange resin is specifically designed to accommodate the unique chemistry of electrolyzer loops, supporting the synthesis of hydrogen from water. For instance, in September 2023, DuPont de Nemours Inc., a US-based chemical company, introduced Amberlite P2X110 ion exchange resin. This multifunctional mixed bed formulation is tailored to enhance electrolyzer performance, marking a significant step toward achieving efficient and sustainable green hydrogen production. The formulation is optimized for the specific water chemistry of electrolyzer loops.

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 include Dyna Chem Inc., HongYe Chemical Co. Ltd., The Chemical Company, Novasyn Organics Pvt. Ltd., NeuChem Inc., Sweet Lake Chemical Ltd., ShuHang Industrial Development Co. Ltd., BASF SE, Jinan Shengquan Group Co. Ltd., HINDUSTAN Adhesive & Chemicals Ltd., International Furan Chemicals BV, Sauereisen Inc., ASK Chemicals GmbH, Hüttenes-Albertus Chemische Werke GmbH & Co. KG, Vesuvius plc, Suzhou Xingye Materials Technology Co. Ltd., Chang Chun Group, Fenolit d.d., Forace Group, IVP Limited, Continental Industries Group Inc., Penn A Kem LLC, Nova Molecular Technologies Inc., Shenzhen Shu Hang Industrial Development Co. Ltd., SolvChem Inc., CKE Inc., D.R. Coats Ink & Resins Pvt. Ltd., Les Dérives Résiniques Et Terpéniques SA, SPEFORM Metall-Chemie GmbH, SQ Deutschland GmbH, FuranFlex Ltd.

Asia-Pacific was the largest region in the furan resin market in 2024 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, 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, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Furan resin is a category of resins derived from furan derivatives, such as furfuryl alcohol or furfural, and finds application in adhesives, as well as in infusing and coating compositions. Primarily, furan resins serve as chemically resistant cement types and act as binders for explosives, wood adhesives, and fiber composites.

The primary types of furan resins include furfuryl alcohol resin, furfural resin, bran ketone resin, and branone formaldehyde resin. Furfuryl Alcohol Resin is a polymer resulting from the self-polycondensation of furfuryl alcohol monomer. This polymer forms as the furfuryl alcohol molecules undergo self-polycondensation, reacting with the active alpha-hydrogen of another furfuryl alcohol molecule in the presence of an acid catalyst. Applications for these resins span various industries, encompassing adhesives and sealants, automobiles, paint and coatings, plastics, and foundries. End-users, such as those in the construction and chemical industries, utilize furan resins for diverse purposes.

The furan resin market research report is one of a series of new reports that provides furan resin market statistics, including the furan resin industry global market size, regional shares, competitors with a furan resin market share, detailed furan resin market segments, market trends, and opportunities, and any further data you may need to thrive in the furan resin industry. This furan resin market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

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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