Furan Resin for Casting Market Report 2025

This Furan Resin For Casting market report delivers an in-depth analysis of the market’s key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.

The furan resin for casting market size has grown strongly in recent years. It will grow from $41.17 billion in 2024 to $44.77 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to the increasing need for strong and heat-resistant materials, versatile applications across various industries such as automotive, increasing demand for lightweight and durable materials in industrial applications, and growing demand from aerospace industries for lightweight materials.

The furan resin for casting market size is expected to see strong growth in the next few years. It will grow to $61.89 billion in 2029 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to the increasing adoption of furan resins in foundry applications for casting molds and cores, widespread adoption in foundry applications, aerospace utilize these resins to produce lightweight components, expanding infrastructure and construction sectors, growing emphasis on lightweight materials in automotive and aerospace industries. Major trends in the forecast period include technological advancements, improving resin performance, improvement in new application scope, innovation in resin manufacturing, introduction of sustainable practices.

The increasing demand for lightweight materials from the aerospace sector is projected to fuel the growth of the furan resin for castings market in the future. The aerospace industry encompasses companies involved in the design, production, and maintenance of aircraft, spacecraft, and related systems, spanning both commercial and defense applications. The rising need for lightweight materials is primarily driven by the quest for fuel efficiency, as lighter aircraft consume less fuel, thereby reducing costs and minimizing environmental impact. Furan resin supports the aerospace sector by enabling the casting of strong yet lightweight components, contributing to weight reduction in aircraft through the creation of complex and durable parts. For example, in September 2023, the Aerospace Industries Association, a US-based organization focused on aerospace and defense, reported that in 2022, the American aircraft and aerospace industry experienced significant growth, with the aerospace and defense sector generating over $952 billion in total sales, marking a 6.7% increase compared to 2021. Thus, the rising demand for lightweight materials in the aerospace industry is driving the growth of the furan resin for castings market.

Major companies in the furan resin for castings market are developing eco-friendly furan resins to reduce harmful emissions, enhance worker safety, and comply with stricter environmental regulations. These environmentally friendly furan resins are thermosetting polymers made from agricultural by-products, such as corn husks and rice hulls, produced through the acid hydrolysis of natural resources. For example, in August 2022, ASK Chemicals GmbH, a Germany-based foundry chemicals company, introduced MAGNASET 2.0, a new generation of furan resins that offer significant environmental advantages over traditional formulations. MAGNASET 2 resins have a substantially lower free furfuryl alcohol (FA) content (< 40%) compared to standard furan resins (50-95%). This reduction in free FA can lead to decreased furfuryl alcohol emissions during the casting process. Additionally, the free formaldehyde content in MAGNASET 2 is minimized, not exceeding 0.1%, further reducing emissions and improving the overall environmental profile of the resin system.

In September 2023, Perfex Chemical Solution, LLC, a US company that specializes in chemical solutions for industrial applications, acquired DynaChem Solutions, LLC for an undisclosed sum. This acquisition was intended to strengthen Perfex Chemical Solution's portfolio in chemical manufacturing and distribution by incorporating DynaChem’s innovative solutions, thereby broadening its market presence and enhancing customer offerings. DynaChem Solutions, LLC is recognized for its advanced chemical solutions designed for various sectors, including manufacturing and water treatment.

Major companies operating in the furan resin for casting market are ASK Chemicals GmbH, Jinan Shengquan Group Co. Ltd, ChemPoint Inc., Suzhou Xingye Material Technology Co. Ltd., Steuler Industrial Solution, Penn A Kem LLC, HA-International LLC, DynaChem Inc., Forace Polymers Private Limited, Hongye Chemical Group Co Ltd., International Furan Chemicals BV, Central Drug House Ltd., Kanto Chemical Co. Inc., Galaxy Enterprises Private Limited, EUSKATFUND SL, Hindusthan Adhesive & Chemicals, Junsei Chemical Co. Ltd., Globe Carbon Industries, Huangshi Yucheng Trade Co. Ltd., Resitan.

North America was the largest region in the furan resin for castings market in 2024. The regions covered in the furan resin for casting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the furan resin for casting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Furan resin is a thermosetting polymer made from furan derivatives, which are obtained from organic materials such as agricultural waste. It is primarily used as a binder in casting processes, where it binds sand particles together to create molds or cores for metal casting. The main function of furan resin in casting is to produce strong, durable molds and cores capable of withstanding the high temperatures and stresses associated with molten metal.

The key types of furan resin used in casting are furfuryl alcohol resin, furfural resin, and furfural ketone resin. Furfuryl alcohol resin, derived from furfuryl alcohol, is known for its superior mechanical strength, heat resistance, and chemical stability. These resins are applied in the production of cast steel, cast iron, and alloys, serving various industries including automotive, aerospace, construction, and manufacturing.

The furan resin for casting market research report is one of a series of new reports that provides furan resin for casting market statistics, including furan resin for casting industry global market size, regional shares, competitors with a furan resin for casting market share, detailed furan resin for casting market segments, market trends and opportunities, and any further data you may need to thrive in the furan resin for casting industry. This furan resin for casting market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The furan resin for casting market consists of sales of furan resin casting powder, furan core binder, high temperature furan resin, and specialized furan 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.

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