Furan Resin for Casting Market Report 2026

The furan resin for casting market size has grown strongly in recent years. It will grow from $43.96 billion in 2025 to $47.55 billion in 2026 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to rising demand from automotive casting, increasing adoption in aerospace components, growth in industrial and construction casting, preference for high-strength furan resins, expansion of foundry operations globally.

The furan resin for casting market size is expected to see strong growth in the next few years. It will grow to $64.82 billion in 2030 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to growth in low-emission and environmentally friendly resins, rising use in alloy and cast steel production, increasing demand in precision casting applications, adoption in high-temperature resistant castings, technological advancements in resin formulations. Major trends in the forecast period include use of furfuryl alcohol resin in foundry applications, adoption of furfural resin for high-temperature castings, expansion of furfural ketone resin for automotive and aerospace, integration of low-emission and eco-friendly resin formulations, increasing demand for specialty and high-performance resins.

The increasing demand for lightweight materials in the aerospace industry is expected to drive growth in the furan resin for castings market. The aerospace industry involves businesses that design, produce, and service aircraft, spacecraft, and related systems, covering both commercial and defense sectors. The need for lightweight materials in aerospace is driven by the requirement for fuel efficiency, as lighter aircraft consume less fuel, reducing costs and minimizing environmental impact. Furan resin supports the aerospace industry by enabling the casting of strong, yet lightweight components, which helps reduce aircraft weight by producing complex and durable parts. For example, in June 2025, the Aerospace Industries Association, a US-based aerospace and defense organization, reported that U.S. aerospace and defense exports increased to $138.6 billion in 2024, up from $135.9 billion in 2023. As a result, the growing demand from the aerospace industry for lightweight materials is driving the furan resin for castings market.

The growing construction industry is expected to drive the growth of the furan resin for casting market in the coming years. The construction industry encompasses the planning, design, development, construction, renovation, and maintenance of physical structures and infrastructure. Increased construction activity is driving the demand for metal components and machinery, which in turn boosts the use of furan resin binders in foundries for high-quality castings. Furan resin for casting is crucial in construction by enabling the production of durable and precise metal components used in structural frameworks, machinery, and equipment, ensuring strength, reliability, and safety in building projects. For example, in February 2025, the Office for National Statistics, a UK-based government department, reported that total annual construction output increased by 0.4% in 2024 compared to 2023. As a result, the growth in the construction industry is fueling the demand for furan resin in casting applications.

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 report are ASK Chemicals GmbH, Hüttenes-Albertus Chemische Werke GmbH, Jinan Shengquan Group Co Ltd, International Furan Chemicals BV, TransFurans Chemicals NV, Forace Polymers Private Limited, IVP Limited, Suzhou Xingye Material Technology Co Ltd, Vesuvius plc, Kanto Chemical Co Inc, Junsei Chemical Co Ltd, Kao Corporation, Globe Carbon Industries, Eurotek Foundry Products Ltd, DynaChem Inc, Hongye Chemical Group Co Ltd, Fenolit d o o, Shenzhen Shu Hang Industrial Development Co Ltd, Novasyn Organics Pvt Ltd, SweetLake Chemical Ltd, NeuChem Inc, Resitan SL.

North America was the largest region in the furan resin for castings market in 2025. The regions covered in the furan resin for casting market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the furan resin for casting market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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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