Furan No-bake Resin Market

Furan no-bake resin is a thermosetting resin that is widely used in the foundry industry as a binder for sand casting. It is composed of polymerized furfuryl alcohol and formaldehyde to form a solid network. The no-bake method involves combining all of the ingredients, then pouring them into the mold and curing them at high temperatures. This method eliminates the need to bake the mold, reducing production time and cost.

The Furan No-bake Resin market is divided into three sections: type, end-use industry, and region. The market is divided into two types: waterborne and solvent borne. Because of their low VOC emissions and good wetting properties, waterborne furan no-bake resins are expected to grow the most during the forecast period.

During the forecast period, the global furan no-bake resin market is expected to grow at a CAGR of **%. (2019-2031). The rising demand for foundry and casting applications, as well as the expanding automotive industry, are the primary drivers of this market's expansion.

The development of bio-based resins and the use of nano-clay reinforcement are two major trends in the furan no-bake resin market. Renewable resources, such as plant oils and agricultural waste, are used to create bio-based resins. These resins provide superior performance while also being environmentally friendly.

Kao, HAC Resins, Chang Chun Group, HA International, ASK Chemicals, EUSKATFUND, çukurova kimya, and Jingzhou Taimeng are some of the key players in the Furan No-bake Resin market.