Press release
Furan Resin Market 2024 - Conducting Industry Analysis, Scrutinizing Competitive Landscape, Identifying Growth Factors, Analyzing Revenue, and Offering a Forward Outlook Till 2033
Furan Resin Market
The Business Research Company offers in-depth market insights through Furan Resin Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The furan resin market size has grown strongly in recent years. It will grow from $17.66 billion in 2023 to $18.84 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. 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 $23.8 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. 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, infrastructure development.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=10564&type=smp
Market Segmentation:
The furan resin market covered in this report is segmented -
1) By Type: Furfuryl Alcohol Resin, Furfural Resin, Bran Ket*one Resin, Branone Formaldehyde Resin
2) By Application: Adhesive and Sealant, Automobile, Paint and Coating, Plastic, Foundry
3) By End-User: Construction, Chemical Industries
Major Driver - The Impact Of Global Demand For Lightweight And Fuel-Efficient Automobiles On The Furan Resin Market
The rising demand for lightweight and fuel-efficient automobiles globally is expected to propel the growth of the furan resin market. Lightweight and fuel-efficient automobiles refer to automobiles that use advanced lightweight structural materials that increase fuel economy while maintaining safety and performance. The multiple automotive parts are mixed or coated with furan resins and their derivatives, improving their tensile strength and reducing final vehicular weight. It offers many benefits, including lightweight, corrosion resistance, and high strength. Thus, the rising demand for lightweight and fuel-efficient automobiles globally is boosting the sales of furan resin. For instance, in April 2022, according to the European Automobile Manufacturers Association, a Belgium-based standards group of the automobile industry, 79.1 million motor vehicles were produced worldwide in 2021. Further, according to the Global EV Outlook 2022 report, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million. Additionally, the sales of electric car vehicles worldwide in 2021 have reached 6,600,000 units from 2,980,000 units. Therefore, the rising demand for lightweight and fuel-efficient automobiles globally is driving growth of the furan resin market.
Competitive Landscape:
Major companies operating in the furan resin market report are 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., Covestro Deutschland AG, Hitachi Automotive Systems Ltd., Toray Industries Inc., 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., International Process Plants & Equipment Corp., CKE Inc., D.R. Coats Ink & Resins Pvt. Ltd., Helios TBLUS d.o.o., Les Dérives Résiniques Et Terpéniques SA, SPEFORM Metall-Chemie GmbH, SQ Deutschland GmbH, FuranFlex Ltd., Sileather Inc.
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/furan-resin-global-market-report
Top Trend - Solvay's Launch Of Reactsurf 0092 Revolutionizes Furan Resin Market
Product innovations are a key trend gaining popularity in the furan resin market. Companies operating in the furan resin market are developing innovative products to sustain their position in the market. For instance, in November 2021, Solvay S.A., a Belgium-based chemical company, launched Reactsurf 0092. Reactsurf 0092 is a non-ionic, APE-free material intended for use in industrial binders and coatings. It makes it possible to create highly effective aqueous epoxy-based coatings that dramatically lower volatile organic compounds (VOCs) while matching or outperforming solvent-based coatings in terms of performance. The emulsifier is developed to offer outstanding application performance, emulsion stability, and particle size management, in order to achieve optimal emulsion coalescence and consistency without sacrificing strength.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Furan Resin Market Characteristics
3. Furan Resin Market Trends And Strategies
4. Furan Resin Market - Macro Economic Scenario
5. Furan Resin Market Size And Growth
…..
27. Furan Resin Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Furan Resin Market 2024 - Conducting Industry Analysis, Scrutinizing Competitive Landscape, Identifying Growth Factors, Analyzing Revenue, and Offering a Forward Outlook Till 2033 here
News-ID: 3390875 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Resin
Alkyd Resin Market
The "Alkyd Resin Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Alkyd Resin Market, 2024-2031
Verified Market Research's most recent report, "Alkyd Resin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination…
Water Based Amino Resin Market Size, Share and Forecast By Key Players-BASF, Hex …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Water Based Amino Resin market is anticipated to grow at a compound annual growth rate (CAGR) of 16.58% between 2024 and 2031. The market is expected to grow to USD 68 Billion by 2024. The valuation is expected to reach USD 199.02 Billion by 2031.
The market for water-based amino resin is expanding rapidly due to the growing…
Solvent Based Amino Resin Market Size, Share and Forecast By Key Players-BASF, A …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Solvent Based Amino Resin market is anticipated to grow at a compound annual growth rate (CAGR) of 16.57% between 2024 and 2031. The market is expected to grow to USD 45.6 Billion by 2024. The valuation is expected to reach USD 133.38 Billion by 2031.
The market for solvent-based amino resin is expanding significantly due to its extensive…
Alkyd Resin Market
According to the latest research report published by Market Data Forecast, the global alkyd resin market is expected to grow at a CAGR of 3.32% during the forecast period 2024-2029. The market value was at USD 2.89 billion in 2023, and the value is expected to reach USD 3.52 billion by the end of 2029.
Alkyd resin is the oil-modified complex polyester that acts as a film-forming agent in paints and…
Composite Resin
According to a new market research report published by Global Insight Services "Composite Resin Market" is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Download Sample of Report : https://www.globalinsightservices.com/request-sample/GIS20852
Composite resin…
Polyethylene Naphthalate Resin (PEN Resin) Market 2022 | Detailed Report
The research reports on "Polyethylene Naphthalate Resin (PEN Resin) Market" report gives detailed overview of factors that affect global business scope. Polyethylene Naphthalate Resin (PEN Resin) Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors. An exclusive data offered in this report is collected by research and industry experts team.
Download…
