Furan Resin Global Market Outlook, Strategies, Trends 2032

The Furan Resin Global Market Report 2023, provides comprehensive information on the furan resin market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/furan-resin-global-market-report

As per The Business Research Company’s Furan Resin Global Market Report 2023, the market size is expected to grow from $16.52 billion in 2022 to $17.66 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global furan resin market size is expected to reach $22.37 billion in 2027 at a CAGR of 6.1%.

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Technological advancements are a key trend gaining popularity in the furan resin market. Companies operating in the furan resin market are adopting new technologies to sustain their position in the market. For instance, in February 2020, AVA Biochem, a Switzerland-based company that specializes in bio-based chemistry, collaborated with Michelin to establish the world’s first commercial-scale production plant of 5-HMF and bring new product applications to the market. The applications improve the performance, economics, low carbon footprint, and non-toxicity of both consumer goods and manufacturing products.

The furan resin market is segmented:

1) By Type: Furfuryl Alcohol Resin, Furfural Resin, Bran Ketone Resin, Branone Formaldehyde Resin
2) By Application: Adhesive and Sealant, Automobile, Paint and Coating, Plastic, Foundry
3) By End-User: Construction, Chemical Industries

Asia-Pacific was the largest region in the furan resin market in 2022.

The table of contents in TBRC’s furan resin market report includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis

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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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