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Furan Resins Market -Size,Share,Growth,Trends and Forecast 2014 -2020

Increasing demand for bio-based products owing to increasing awareness among consumers coupled with rising environmental regulations is expected to drive the furan resins market.This research report analyzes this market on the basis of its market segments, major geographies, and current market trends.

Increasing demand for bio-based products owing to increasing awareness among consumers coupled with rising environmental regulations is expected to drive the furan resins market.This research report analyzes this market on the basis of its market segments, major geographies, and current market trends.

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Transparency <strong>Market</strong> Research<br />

<strong>Furan</strong> <strong>Resins</strong> <strong>Market</strong> - Global Industry<br />

Analysis, <strong>Size</strong>, <strong>Share</strong>, <strong>Growth</strong>, <strong>Trends</strong><br />

<strong>and</strong> <strong>Forecast</strong> <strong>2014</strong> - <strong>2020</strong><br />

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REPORT DESCRIPTION<br />

A new research report by Transparency <strong>Market</strong> Research offers a comprehensive evaluation of the global <strong>Furan</strong> <strong>Resins</strong> market. The<br />

study, titled “<strong>Furan</strong> <strong>Resins</strong> <strong>Market</strong> - Global Industry Analysis, <strong>Size</strong>, <strong>Share</strong>, <strong>Growth</strong>, <strong>Trends</strong> <strong>and</strong> <strong>Forecast</strong> <strong>2014</strong> - <strong>2020</strong>”, is<br />

available for sale on the firm’s website.<br />

<strong>Furan</strong> resins are heterocyclic organic compound polymers manufactured from furfuryl alcohol. It has applications in solvents, foundry,<br />

plastics, wetting agents, adhesives, automotive <strong>and</strong> in gas hardening processes. The raw material furfuryl alcohol is obtained from<br />

sugarcane bagasse <strong>and</strong> corn cobs, wheat bran, oats <strong>and</strong> others. It has application in rocketry as a hypergolic fuel which ignites readily<br />

in presence of fuming nitric acid <strong>and</strong> red fuming nitric acid. It is also used as raw material for other specialty chemicals for various<br />

applications.<br />

Increasing dem<strong>and</strong> for bio-based products owing to increasing awareness among consumers coupled with rising environmental<br />

regulations is expected to drive the furan resins market. <strong>Furan</strong> resins are manufactured from renewable raw materials such as<br />

sugarcane bagasse, wheat bran <strong>and</strong> oats. Environmental regulations favor eco-friendly products over synthetic counter parts.<br />

Get PDF Brochure for more Professional <strong>and</strong> Technical insights :<br />

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<strong>Furan</strong> resins find application in paints & plastic industry which is anticipated to drive the market due to increase in dem<strong>and</strong> from<br />

construction <strong>and</strong> paints industry. In addition, growing dem<strong>and</strong> for furan resin in foundry application is expected to drive the market<br />

growth. Bio-based resins <strong>and</strong> paints are gaining dem<strong>and</strong> from developed countries with strict environmental regulations. <strong>Furan</strong> resin<br />

derivatives are waterproof, acid & chemical resistant <strong>and</strong> offer high weight to strength ratio. These properties make them<br />

indispensable in construction <strong>and</strong> industrial structures industry. Further dem<strong>and</strong> for furan resins from automotive industry is expected<br />

to boost the market growth. <strong>Furan</strong> resins <strong>and</strong> its derivatives are used in different parts of automotives to reduce the weight. For<br />

example, epoxy furan is used as matrix material in automotive manufacture.<br />

However the safety issues regarding transportation <strong>and</strong> export rules of different developing countries is expected to restrain the market<br />

growth. <strong>Furan</strong> is highly flammable <strong>and</strong> volatile at room temperature that makes transportation difficult. Environmental regulations are<br />

imposed with exposure limits of furan resins <strong>and</strong> its derivatives due to its toxic nature <strong>and</strong> potential to cause cancer.<br />

Research <strong>and</strong> developments in the field of rocketry are expected to provide immense opportunities for manufacturers of furan resins<br />

in the near future. <strong>Furan</strong> resins with reinforced material are highly resistant to high temperature <strong>and</strong> chemicals that is used in


protective structure of the rocket parts while re-entering earth’s atmosphere. Further novel furan resins application in composites is<br />

expected to open up new opportunities in the near future.<br />

Asia Pacific was the largest producer <strong>and</strong> consumer of furan resin in which China contributes to the highest consumption. Proximity to<br />

raw material <strong>and</strong> increasing applications in plastics & resins are expected to drive the market in this region. Foundry industry is the<br />

major contributor towards the growth of furan resin market in this region. Asia Pacific was followed by Europe in terms of<br />

consumption owing to increase in the application area of furan resins <strong>and</strong> eco-friendly nature of furan resin based products. Research<br />

activities in the field of wind energy <strong>and</strong> rocketry are expected to provide opportunity for furan resin market in this region. North<br />

America is expected to grow at a faster pace owing to increase in availability of raw materials <strong>and</strong> rising dem<strong>and</strong> from construction<br />

<strong>and</strong> paints industry.<br />

Browse <strong>Market</strong> Research Report with ToC & Analysis :<br />

http://www.transparencymarketresearch.com/furan-resins-market.html<br />

Some of the key players in <strong>Furan</strong> <strong>Resins</strong> market include DynaChem Inc., The Chemical Company, Hongye Chemical Co. Ltd, Penn A<br />

Kem LLC, Nova Molecular technologies, Continetal Industries Group Inc., Shenzhen Shu Hang Industrial Development Co. Ltd.,<br />

SolvChem Inc., NeuChem Inc., SweetLake Chemical Ltd., Ideal Chemical & Supply Company, Novasynorganics, International<br />

Process Plants among others.<br />

This research report analyzes this market on the basis of its market segments, major geographies, <strong>and</strong> current market trends.<br />

Geographies analyzed under this research report include<br />

• North America<br />

• Asia Pacific<br />

• Europe<br />

• Rest of the World<br />

This report provides comprehensive analysis of<br />

• <strong>Market</strong> growth drivers<br />

• Factors limiting market growth<br />

• Current market trends<br />

• <strong>Market</strong> structure<br />

• <strong>Market</strong> projections for upcoming years<br />

Read More Reports On Chemical <strong>Market</strong> : http://www.transparencymarketresearch.com/chemical-market-reports-2.html<br />

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