Press release
Global Furan Resin Market: Steady Growth, Key Market Players, and Impact of Trends Driven by an Increasing Demand for Lightweight and Fuel-Efficient Automobiles
Furan Resin Market Size
What Is The Projected Market Size Of The Global Furan Resin Market And Its Growth Rate?
The furan resin market is exhibiting substantial strength, underpinned by the factors like end-user preferences, renewable energy sector, global economic conditions, market competition, industrial demand, and increasing demand for composites.
• The market size will grow from $18.71 billion in 2024 to $19.87 billion in 2025 (6.2% CAGR)
• The market size is forecasted to reach $25.85 billion in 2029 (6.8% CAGR)
The future growth is expected to be influenced by factors like economic growth impact, shift in consumer preferences, market expansion strategies, sustainability initiatives, and rising demand in end-use industries.
What Is Driving The Growth In The Furan Resin Market?
The escalating demand for lightweight and fuel-efficient automobiles globally is fuelling the growth of the furan resin market. The need for automobiles with lightweight structural materials for enhanced fuel economy while ensuring safety and performance is paramount. Several automotive parts utilise furan resins and their derivatives to improve tensile strength and reduce the overall vehicle weight. The demand for electric cars has seen a marked increase as well, further propelling the sales of furan resin. For instance, the International Energy Agency reported a rise of 3.5 million units in electric car sales in 2023 compared to 2022, indicating a 35% year-on-year surge. This trend reinforces the role of lightweight and fuel-efficient automobiles as a significant driver of the furan resin market.
Request A Free Sample Copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=10564&type=smp
Who Are the Key Players Driving Furan Resin Market Growth?
Key market players 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.
What Are The Key Trends In The Furan Resin Market?
Key market trends to watch include:
• Increased industry demand
• Stringent environmental regulations
• Use of substitute material
• High market competition
• Infrastructure development
What Are The Segments Of The Global Furan Resin Market?
The furan resin market can be segmented into:
• By Type: Furfuryl Alcohol Resin, Furfural Resin, Bran ket*one Resin, Branone Formaldehyde Resin.
• By Application: Adhesive and Sealant, Automobile, Paint and Coating, Plastic, Foundry
• By End-User: Construction, Chemical Industries.
Which Region Leads The Furan Resin Market?
Asia-Pacific was the largest region in the furan resin market in 2024. It is expected to maintain its leading position during the forecast period, thanks to strong economic growth, changing consumer preferences, and strategic market expansion. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the report for swift delivery: https://www.thebusinessresearchcompany.com/report/furan-resin-global-market-report
What Is Covered In The Furan Resin Market Global Market Report?
- Market Size Analysis: Analyze the Furan Resin Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Furan Resin Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Furan Resin Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Furan Resin Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report: https://www.thebusinessresearchcompany.com/Customise?id=10564&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Global Furan Resin Market: Steady Growth, Key Market Players, and Impact of Trends Driven by an Increasing Demand for Lightweight and Fuel-Efficient Automobiles here
News-ID: 3829325 • 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…
