Press release
Furan Resins Market Insights on Trends, Drivers and Opportunities by 2023 & are DynaChem Inc., The Chemical Company, Hongye Chemical Co. Ltd, Penn a Kem LLC, Nova Molecular technologies, Continetal Industries Group Inc.
According to our research report, the Furan Resins Market Size was grew to XX Million USD in 2017, and will reach XX Million USD in 2023, with a CAGR of XX% during 2017-2023.
Furan Resins Market Overview:
As furan resins are obtained from bio-based raw materials like wheat and oats among others, the final products manufactured by this compound are highly attracting the consumers. Furfuryl alcohol resin is ruling the market shares in the recent years. Paints & plastics industry is dominating the revenue shares of the market. North America commands the highest market shares owing to quick adoption of the advanced technology and also shifting trend towards the eco-friendly products.
Browse details of 101 numbers of pages research report developed on Furan Resins Market @ https://www.researchcosmos.com/reports/global-furan-resins-market-survey-and-trend-research-2018-industry-analysis-and-future-forecast-20/5391289
Furan Resins Market Growth Drivers and Restraints:
The furan resins market is elevated to have a significant growth rate in the foremost time span. Furan resins are manufactured with the various furan compounds. The furan resins are most commonly used in the binding of the sand castings. These are bio based materials and are strictly to produce only eco-friendly products. Furfurly alcohol can be obtained from the raw materials such as oats, sugarcane bagasse and wheat & corn cobs. Furan resins are widely applicable in the industries and they do not emit any harmful gases while processing.
The key driving factor for the market is definitely due to the growing safety measures for environment by the government. In addition, the awareness to use the eco-friendly products that are safe and healthy among the people is bolstering the growth of the market.
However, volatility of the raw materials is raising the prices of the end products, which are restraining the growth of the market. The complexities in the safety of the transportation is inhibiting the demand of this market. Shifting trend towards the innovative infrastructure along with increased disposable income is leveraging the growth opportunities for the market. The increasing demand from the end user industries due to strict rules by the government is significantly propelling the growth of the market in the coming years.
Furan Resins Market Regional Analysis:
Regionally, North America commands the highest market shares owing to quick adoption of the advanced technology and also shifting trend towards the eco-friendly end products. Asia Pacific is anticipated to lead the largest shares with the increased norms by the government to lower the pollution and to save the environment. India and China are majorly contributing shares for the market in this region.
Ask Free Sample of the report @ https://www.researchcosmos.com/request/global-furan-resins-market-survey-and-trend-research-2018-industry-analysis-and-future-forecast-20/5391289
Furan Resins Market Key players:
Some of the leading key players are DynaChem Inc., The Chemical Company, Hongye Chemical Co. Ltd, Penn a Kem LLC, Nova Molecular technologies, Continetal Industries Group Inc., Shenzhen Shu Hang Industrial Development Co. Ltd., SolvChem Inc., NeuChem Inc., SweetLake Chemical Ltd., Ideal Chemical & Supply Company, Novasynorganics, International Process Plants.
Furan Resins Market Segmentation:
Type
• Furfuryl Alcohol Resin
• Furfural Resin
• Bran Ketone Resin
• Branone - formaldehyde Resin
By Application
• Paints & Plastic
• Foundry Industry
• Automotive
• Others
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/global-furan-resins-market-survey-and-trend-research-2018-industry-analysis-and-future-forecast-20/5391289
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
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