Maximize Market Research's latest report, " Global Furan Resins Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
By 2027, the Global Furan Resins Market is expected to reach US $ 21.36 billion, thanks to growth in the type, and application segment. The report analyzes market dynamics by region and end-user industries.
Global Furan Resins Market Overview
The global furan resins market was valued at the US $ 15.67 Bn. in 2019, and it is expected to reach the US $ 21.36 Bn. by 2027 with a CAGR of 5.3% during the forecast period.
Furan is a volatile, colorless compound. Furfural alcohol is the source of this compound. It is extremely soluble in a wide range of solvents. Food ingredients including corncobs, sugar bagasse, and renewable resources are used to make furan resins. They can act as binders, are acid-reactive, thermally reactive, and cross-linkable. They are toxic by nature, even though they are significantly preferred since they are more environmentally safe than traditional resins that release VOCs (Volatile Organic Compounds). Paints and plastics, gas hardening, foundry, polyols, and solvents are also a few of the applications.
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Global Furan Resins Market Major Market Players
• DуnаСhеm Іnс.
• Тhе Dow Сhеmісаl Соmраnу
• Ноngуе Сhеmісаl Со. Ltd
• Реnn А Кеm LLС
• Nоvа Моlесulаr Tесhnоlоgіеѕ
• Соntіnеtаl Іnduѕtrіеѕ Grоuр Іnс.
• Ѕhеnzhеn Ѕhu Наng Іnduѕtrіаl Dеvеlорmеnt Со. Ltd.
• ЅоlvСhеm Іnс.
• NеuСhеm Іnс.
• ЅwееtLаkе Сhеmісаl Ltd.
• Іdеаl Сhеmісаl Ѕuррlу Соmраnу
• Nоvаѕуn Orgаnісѕ
• Іntеrnаtіоnаl Рrосеѕѕ Рlаntѕ
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Furan Resins Market by Types and Applications:
The report has covered the market size by country (regions) for the global Furan Resins market. Segment by application. The Furan Resins Market is divided into the North America Europe, ASIA Pacific, Middle East Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Furan Resins Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Furan Resins Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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