Furan Resins Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020

Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Furan Resins Market”. 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...