Furan Resins Market - Global Industry Analysis, Forecast 2014 – 2020

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Furan Resins Market - Global Industry
Analysis, Size, Share, Growth, Trends
and Forecast 2014 - 2020
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REPORT DESCRIPTION
Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Furan Resins
Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” This report likewise
incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide
business sector industry structure.
Furan resins are heterocyclic organic compound polymers manufactured from furfuryl alcohol. It has applications in solvents,
foundry, plastics, wetting agents, adhesives, automotive and in gas hardening processes. The raw material furfuryl alcohol is
obtained from sugarcane bagasse and corn cobs, wheat bran, oats and others. It has application in rocketry as a hypergolic fuel
which ignites readily in presence of fuming nitric acid and red fuming nitric acid. It is also used as raw material for other
specialty chemicals for various applications.
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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. Furan resins are manufactured from renewable raw materials such as
sugarcane bagasse, wheat bran and oats. Environmental regulations favor eco-friendly products over synthetic counter parts.
Furan resins find application in paints & plastic industry which is anticipated to drive the market due to increase in demand from
construction and paints industry. In addition, growing demand for furan resin in foundry application is expected to drive the
market growth. Bio-based resins and paints are gaining demand from developed countries with strict environmental regulations.
Furan resin derivatives are waterproof, acid & chemical resistant and offer high weight to strength ratio. These properties make
them indispensable in construction and industrial structures industry. Further demand for furan resins from automotive industry
is expected to boost the market growth. Furan resins and its derivatives are used in different parts of automotives to reduce the
weight. For example, epoxy furan is used as matrix material in automotive manufacture.
However the safety issues regarding transportation and export rules of different developing countries is expected to restrain the
market growth. Furan is highly flammable and volatile at room temperature that makes transportation difficult. Environmental
regulations are imposed with exposure limits of furan resins and its derivatives due to its toxic nature and potential to cause
cancer.
Research and developments in the field of rocketry are expected to provide immense opportunities for manufacturers of furan
resins in the near future. Furan resins with reinforced material are highly resistant to high temperature and 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 expected to open up new opportunities in the near future.
Asia Pacific was the largest producer and consumer of furan resin in which China contributes to the highest consumption.
Proximity to raw material and increasing applications in plastics & resins are expected to drive the market in this region. Foundry
industry is the major contributor towards the growth of furan resin market in this region. Asia Pacific was followed by Europe in
terms of consumption owing to increase in the application area of furan resins and eco-friendly nature of furan resin based
products. Research activities in the field of wind energy and rocketry are expected to provide opportunity for furan resin market
in this region. North America is expected to grow at a faster pace owing to increase in availability of raw materials and rising
demand from construction and paints industry.
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Some of the key players in Furan Resins market include DynaChem Inc., The Chemical Company, Hongye Chemical Co.
Ltd, Penn A Kem LLC, Nova Molecular technologies, Continetal Industries Group Inc., Shenzhen Shu Hang Industrial Development
Co. Ltd., SolvChem Inc., NeuChem Inc., SweetLake Chemical Ltd., Ideal Chemical & Supply Company, Novasynorganics,
International Process Plants among others.
This research report analyzes this market on the basis of its market segments, major geographies, and current
market trends. Geographies analyzed under this research report include
•
North America
•
Asia Pacific
•
Europe
•
Rest of the World
This report provides comprehensive analysis of
•
Market growth drivers
•
Factors limiting market growth
•
Current market trends
•
Market structure
•
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market
projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis
and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the
existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
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This report provides pin-point analysis for changing competitive dynamics
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It provides a forward looking perspective on different factors driving or restraining market growth
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It provides a six-year forecast assessed on the basis of how the market is predicted to grow
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It helps in understanding the key product segments and their future
•
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
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It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of
market segments
•
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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Furan resins are heterocyclic organic compound polymers manufactured from furfuryl alcohol. It has applications in solvents, foundry, plastics, wetting agents, adhesives, automotive and in gas hardening processes. The raw material furfuryl alcohol is obtained from sugarcane bagasse and corn cobs, wheat bran, oats and others. It has application in rocketry as a hypergolic fuel which ignites readily in presence of fuming nitric acid and red fuming nitric acid. It is also used as raw material for other specialty chemicals for various applications.