Furan Resins Market Size & Forecast Report - 2025 to 2030

The global furan resins market size was valued at around USD 18 billion in 2024 and expected to grow at a significant CAGR of over 5% during the forecast period from 2025 to 2030. The market is growing significantly due to the increasing demand for bio-based and sustainable materials, as industries shift toward eco-friendly alternatives to petroleum-based resins. The market is gaining momentum globally, supported by its wide applications in foundry, automotive, construction, adhesives, sealants, and coatings. Furan resins, derived from renewable sources such as furfural and furfuryl alcohol, are highly valued for their excellent binding strength, chemical resistance, and thermal stability. With growing industrial activities, Asia-Pacific has emerged as the leading region for furan resin consumption, particularly in foundry and construction sectors.

Key Findings:

• The global furan resins market was valued at around USD 18 billion in 2024 and expected to grow at a CAGR of over 5% during 2025–2030.
• Foundry is the dominant application segment, driven by high-quality sand mold and core requirements.
• Asia-Pacific leads the market, supported by industrialization, automotive growth, and construction activities.
• Furan resins are valued for their chemical resistance, thermal stability, and binding strength.
• Low-VOC and reduced furfuryl alcohol formulations are emerging as key innovations.
• Growing use in automotive, aerospace, and high-performance composites is boosting demand.
• Technological advancements like faster curing, hybrid resins, and automation enhance efficiency and sustainability.
• Automotive and construction sectors are major drivers of market growth.
• Regulatory and consumer push for eco-friendly and sustainable materials is creating new opportunities.
• Leading players include Dyna Chem Inc., Hongye Chemical, The Chemical Company, Novasyn Organics, and Sweet Lake Chemical Ltd.

Market Snapshot:

Emerging Trends Shaping the Furan Resins Market:

The furan resins industry is increasingly shifting toward eco-friendly production and bio-based raw materials, a trend driven by tightening environmental regulations and growing demand from corporate sustainability programs. Manufacturers are innovating to reduce volatile organic compound (VOC) emissions and minimize harmful by-products. One recent example: ASK Chemicals introduced MAGNASET 2.0, a furan resin formulation with free furfuryl alcohol content below 40% (versus 50-95% in conventional resins), and formaldehyde levels kept under 0.1%, which helps reduce emissions during casting.

Another strong trend is the rising utilization of furan resins in automotive, aerospace, and foundry applications to satisfy the demand for lightweight, durable materials. Furan resins are being used more for casting molds, cores, and high-performance composites, where thermal, chemical, and structural stability are vital. Technological advances—like faster curing times, improved resin performance, and hybrid resin systems—are making furan resins more competitive. Also, digitalization and automation in foundry operations (e.g. automated mixing, real-time monitoring) are helping optimize resin use, reduce waste, and maintain consistent quality.

Furan Resins Market Key Drivers:

• Rising demand in the foundry industry: One of the strongest growth drivers for the furan resins market is the increasing use of these resins in the foundry industry. Furan resins act as highly effective binders in sand molds and cores, providing strong adhesion, high thermal stability, and excellent dimensional accuracy in metal casting processes. As the global demand for cast components grows in industries such as automotive, aerospace, and heavy machinery, the consumption of furan resins continues to expand.
• Growth of the automotive and construction sectors: The rapid expansion of the automotive and construction industries is also fueling market growth. In the automotive sector, furan resins are used in casting processes to manufacture lightweight yet durable components that enhance vehicle performance and efficiency. In construction, they are increasingly used in specialty concrete applications, coatings, and sealants, where their mechanical strength and resistance to harsh conditions make them highly valuable. The rise of infrastructure development projects in emerging economies further strengthens this demand.
• Shift toward bio-based and sustainable materials: Another key factor driving the market is the global shift toward environmentally friendly and sustainable materials. Furan resins are derived from renewable agricultural byproducts such as corn cobs and sugarcane bagasse, making them a bio-based alternative to petroleum-derived resins. This renewable origin not only reduces dependence on fossil fuels but also aligns with the growing regulatory and consumer preference for eco-friendly products. As industries seek to lower their carbon footprint, furan resins are increasingly positioned as a sustainable choice.
• Excellent chemical resistance and durability: The superior chemical resistance, durability, and thermal stability of furan resins make them suitable for a wide range of industrial applications beyond foundry use. They are commonly applied in paints, coatings, adhesives, and plastics, where performance in demanding environments is critical. Their ability to withstand exposure to solvents, acids, and other harsh chemicals has created consistent demand in sectors requiring long-lasting and reliable materials.
• Technological advancements in resin formulations: Continuous innovation in resin development is further supporting market growth. Modern furan resin formulations are being engineered to reduce free furfuryl alcohol content and volatile organic compounds (VOCs), ensuring compliance with stricter environmental regulations while enhancing worker safety. These innovations improve curing times, mechanical performance, and sustainability, broadening the scope of applications and making furan resins more competitive in the global market.

Future Opportunities Shaping the Furan Resins Market’s Evolution:

The global furan resins market is poised for significant growth, driven by several emerging opportunities. One of the most compelling factors is the increasing demand for bio-based and sustainable materials. Furan resins, derived from renewable agricultural byproducts such as corn cobs, wheat bran, and sugarcane bagasse, align with the growing emphasis on eco-friendly alternatives to traditional petroleum-based resins. This shift is particularly evident in industries like automotive, construction, and coatings, where there is a strong push towards reducing carbon footprints and adhering to stringent environmental regulations. The adoption of furan resins in these sectors not only supports sustainability goals but also meets the rising consumer and regulatory demand for greener products.

Another significant opportunity lies in the technological advancements and innovations within the furan resins sector. Recent developments have led to the creation of low-VOC (volatile organic compound) and reduced free furfuryl alcohol content resins, enhancing both environmental compliance and product performance. These innovations are expanding the application range of furan resins, making them more competitive in markets traditionally dominated by other resin types. Additionally, the growing trend of digitalization and automation in manufacturing processes is optimizing the production and application of furan resins, leading to improved efficiency and consistency. As industries continue to seek high-performance materials that meet both functional and environmental standards, furan resins present a promising solution, positioning themselves as a key player in the evolving materials landscape.

Market Insights:

By Application: The Foundry Category Dominated the Furan Resins Market in 2024

The global furan resins market is bifurcated into application, and geography. On the basis of application, the foundry segment is the dominant application in the global furan resins market. Furan resins are primarily used as binders for sand molds and cores due to their excellent thermal stability, strong adhesion, and ability to produce precise, high-quality castings. This makes them indispensable in metal casting processes, particularly for automotive, aerospace, and heavy machinery components. The high demand for cast metals in these industries, coupled with the superior performance of furan resins compared to alternative binders, has ensured that the foundry sector consistently accounts for the largest share of the market.

Additionally, the foundry segment benefits from ongoing industrialization and infrastructure development, especially in regions like Asia-Pacific, which is home to large automotive and manufacturing hubs. Innovations in furan resin formulations, such as low free-furfuryl alcohol content and faster curing times, have further strengthened their adoption in foundries by improving efficiency, reducing emissions, and ensuring compliance with environmental regulations. These factors collectively reinforce the dominance of the foundry segment in the furan resins market, while also driving steady growth opportunities for manufacturers.

The furan resins market research report presents the analysis of each segment from 2020 to 2030 considering 2024 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2025 to 2030.

Historical & Forecast Period

• 2020-23 – Historical Year
• 2024 – Base Year
• 2025-2030 – Forecast Period

Global Furan Resins Market Segmentation:

By Application:

• Foundry
• Paints & Plastics
• Adhesives & Sealants
• Automotive
• Solvents
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis: Asia Pacific Leads the Furan Resins Market

As of 2025, the Asia-Pacific region is the dominant market for furan resins globally. This leadership is driven primarily by rapid industrialization, a booming automotive sector, and extensive foundry and construction activities in countries such as China, India, and Japan. The region’s large-scale metal casting operations rely heavily on furan resins for sand molds and cores due to their superior thermal stability and binding strength. Additionally, the growing demand for durable coatings, adhesives, and specialty plastics further fuels furan resin consumption in the region. The presence of major resin manufacturers and easy availability of raw materials like furfural from agricultural byproducts also contribute to Asia-Pacific’s dominance.

Moreover, government initiatives promoting sustainable and eco-friendly industrial processes are increasing the adoption of bio-based furan resins across Asia-Pacific. Innovations in resin formulations, including low VOC and reduced free furfuryl alcohol content, support compliance with environmental regulations while improving performance in applications such as automotive components, construction materials, and coatings. Combined with rising industrial investments and expanding infrastructure projects, these factors position Asia-Pacific as the leading and fastest-growing region in the furan resins market, outpacing North America and Europe in both volume and value.

Competitive Landscape:

Some of the prominent market players operating in the global furan resins market are Dyna Chem Inc., Hongye Chemical Co. Ltd., The Chemical Company, Novasyn Organics Pvt. Ltd., and Sweet Lake Chemical Ltd. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Dyna Chem Inc.
• Hongye Chemical Co. Ltd.
• The Chemical Company
• Novasyn Organics Pvt. Ltd.
• Sweet Lake Chemical Ltd.
• NeuChem Inc.
• Shenzhen Shu Hang Industrial Development Co. Ltd.
• Continental Industries Group Inc.
• International process plants
• Nova Molecular Technologies

Key Questions Answered by Furan Resins Market Report

• Global furan resins market forecasts from 2025-2030
• Regional market forecasts from 2025-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2025-2030 covering 15 major countries from the regions as mentioned above
• Furan resins submarket forecasts from 2025-2030 covering the market by application, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level furan resins markets from 2025-2030
• Competitive Landscape and market positioning of top 10 players operating in the market