According to our (Global Info Research) latest study, the global Furan Resin for Foundry market size was valued at US$ 722 million in 2025 and is forecast to a readjusted size of US$ 926 million by 2032 with a CAGR of 3.6% during review period.
Furan foundry resin is a liquid organic binder produced primarily from furfuryl alcohol and its condensates, modified with substances such as urea, formaldehyde, or phenol. When mixed with foundry sand and a sulfonic acid-based curing agent, the resin undergoes polycondensation and cross-linking reactions at ambient temperature. This process bonds virgin or reclaimed sand into molds or cores that possess the necessary strength, dimensional stability, and resistance to the casting process. It is primarily used for self-hardening sand molding and core-making in the production of cast iron, cast steel, and certain non-ferrous metal castings.
The core upstream raw material is furfuryl alcohol, which is typically produced via the catalytic hydrogenation of furfural—a substance derived from pentoses found in biomass such as corncobs and sugarcane bagasse. The dosage and purity of furfuryl alcohol directly influence the resin's high-temperature strength, gas evolution, and production cost. Other key raw materials include formaldehyde, urea, and phenol: urea is used to enhance ambient-temperature strength and manage costs, though excessive levels may increase the risk of nitrogen porosity; phenol primarily improves heat resistance and suitability for steel casting. Auxiliary materials include formaldehyde scavengers, silane coupling agents, stabilizers, and diluents. Midstream enterprises carry out polycondensation, dehydration, blending, and quality testing, and sell the products alongside curing agents such as p-toluenesulfonic acid and xylenesulfonic acid. Downstream, foundries utilize these resins in sand molding, sand core making, and reclaimed sand systems to support the production of cast iron, cast steel, and certain non-ferrous metal castings.
In 2025, global sales volume for foundry furan resins is projected to reach approximately 540,000 metric tons, with an average selling price of around US$1,300 per ton and gross profit margins for major manufacturers ranging from 15% to 25%.
The foundry furan resin industry has entered a development phase characterized primarily by product upgrades and the replacement of existing inventory; demand is driven by the production of large and medium-sized iron and steel castings, the widespread adoption of resin-bonded self-hardening sand processes, and increased rates of used sand reclamation. Furan resins offer advantages such as room-temperature self-hardening, high mold strength, excellent dimensional stability, and strong compatibility with reclaimed sand, making them a key binder system for large, single-piece, and small-batch castings in the short term. However, the industry faces constraints regarding fluctuations in furfuryl alcohol prices and supply, occupational health regulations concerning free formaldehyde and free furfuryl alcohol, issues with casting fumes and odors, and potential casting defects—such as porosity and nodularity fade—caused by nitrogen and sulfur present in the resins and curing agents. While phenolic-urethane self-hardening resins, alkaline phenolic resins, and inorganic binders may serve as substitutes in sectors with strict environmental standards or for specific types of castings, factors such as overall cost, equipment compatibility, and existing sand reclamation infrastructure make it difficult for furan resins to be entirely replaced. Future market growth will increasingly stem from products featuring low or zero nitrogen content, low levels of free formaldehyde and free furfuryl alcohol, low-sulfur curing, high strength at low dosage rates, and high compatibility with reclaimed sand; furthermore, industry competition will shift from simple price-based rivalry to competition centered on resin-curing agent system integration, on-site process support, and capabilities in controlling casting defects.
Report Scope
This report is a detailed and comprehensive analysis for global Furan Resin for Foundry market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Furan Resin for Foundry market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2021-2032
Global Furan Resin for Foundry market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2021-2032
Global Furan Resin for Foundry market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2021-2032
Global Furan Resin for Foundry market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Furan Resin for Foundry
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Furan Resin for Foundry market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ASK Chemicals, Vesuvius, HA Group, Kao-Quaker, ASAHI YUKIZAI, Çukurova Kimya, Forace, Shengquan Group, Suzhou Xingye Materials Technology, Shandong Baofeng New Materials, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Furan Resin for Foundry market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market Segmentation
Market segment by Type
No-bake Furan Resin
Heat-curing Furan Resin
Market segment by Nitrogen Content
Nitrogen-free Type (≤0.5%)
Low Nitrogen Type (>0.5%–2.0%)
Medium Nitrogen Type (>2.0%–5.0%)
High Nitrogen Type (>5.0%–10.0%)
Market segment by Free Furfuryl Alcohol Content
Free Furfuryl Alcohol >25%
Free Furfuryl Alcohol ≤25%
Market segment by Application
Gray Iron Castings
Ductile Iron Castings
Steel Castings
Copper Alloy Castings
Others
Major players covered
ASK Chemicals
Vesuvius
HA Group
Kao-Quaker
ASAHI YUKIZAI
Çukurova Kimya
Forace
Shengquan Group
Suzhou Xingye Materials Technology
Shandong Baofeng New Materials
Zhejiang Tianqi New Material Technology
Sichuan Dongshu New Materials
Xinda Casting Technology
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Chapter Outline
Chapter 1, to describe Furan Resin for Foundry product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Furan Resin for Foundry, with price, sales quantity, revenue, and global market share of Furan Resin for Foundry from 2021 to 2026.
Chapter 3, the Furan Resin for Foundry competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Furan Resin for Foundry breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Furan Resin for Foundry market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Furan Resin for Foundry.
Chapter 14 and 15, to describe Furan Resin for Foundry sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Furan Resin for Foundry. Industry analysis & Market Report on Furan Resin for Foundry is a syndicated market report, published as Global Furan Resin for Foundry Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Furan Resin for Foundry market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.