Furan Resin Global Market Report 2025

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.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The escalating U.S. tariffs and rising trade tensions in spring 2025 are expected to significantly affect the chemicals sector, which is facing a disproportionate impact-particularly from tariffs on petrochemicals and intermediates, where affordable domestic alternatives are limited. Specialty chemical producers, who rely heavily on Chinese raw materials, are encountering production disruptions. Meanwhile, fertilizer manufacturers are seeing their profit margins squeezed due to tariffs on phosphate imports. In response, companies are increasing investments in R&D for bio-based alternatives, forming procurement alliances to strengthen purchasing power, and relocating production to tariff-neutral countries like Saudi Arabia.

The furan resin market research report is one of a series of new reports from The Business Research Company 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 size has grown steadily in recent years. It will grow from $18.71 billion in 2024 to $19.6 billion in 2025 at a compound annual growth rate (CAGR) of 4.7%. 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 $25.2 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. 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 forecast of 6.5% growth over the next five years reflects a modest reduction of 0.3% from the previous estimate for this market.This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US by raising prices for foundry and composite manufacturing, as China-dependent supplies of furfural-a key feedstock-become costlier, disrupting industrial applications.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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 £18,161 million ($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 56.0%, 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, Huttenes-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 Derives Resiniques Et Terpeniques 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

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.

Furan Resin Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on furan resin market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for furan resin ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The furan resin market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Type: Furfuryl Alcohol Resin; Furfural Resin; Bran Ketone Resin; Branone Formaldehyde Resin
• 2) By Application: Adhesive and Sealant; Automobile; Paint and Coating; Plastic; Foundry
• 3) By End-User: Construction; Chemical Industries
• Subsegments:
• 1) By Furfuryl Alcohol Resin: Phenolic Furfuryl Alcohol Resin; Thermosetting Furfuryl Alcohol Resin
• 2) By Furfural Resin: Furfural-Based Phenolic Resin; Furfural-Based Polyurethane Resin
• 3) By Bran Ketone Resin: Bran Ketone Formaldehyde Resin; Bran Ketone Urea Resin
• 4) By Branone Formaldehyde Resin: Branone Phenolic Resin; Branone Urea Resin
• Companies Mentioned: 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; Huttenes-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 Derives Resiniques Et Terpeniques SA; SPEFORM Metall-Chemie GmbH; SQ Deutschland GmbH; FuranFlex Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.