As the upstream and downstream sectors of the industrial chain continue to benefit, the furan resin industry has good development prospects.

Furan resin is a general term for synthetic resins containing furan rings in their molecular structure. The main types include furfuryl alcohol resin, furfural-acetone resin, and furfural-acetone-formaldehyde resin. Furan resin belongs to a type of thermosetting resin. It has the characteristics of being able to cure without heating, fast curing speed, simple production process, high strength, low viscosity, good fluidity, green and environmentally friendly, strong heat resistance, good corrosion resistance, and resistance to corrosion. It has the advantages of excellent combustion performance and high mechanical properties. It is mainly used as a sand core binder and is widely used in medium-sized and complex casting production scenarios for automobiles, machinery, ships, wind power, precision instruments and other equipment.

Furan resin is a type of casting resin. It is an important basic material in the foundry industry and has a wide range of applications. In recent years, driven by the rapid development of the domestic automobile, machinery industry and foundry industry, my country has become a major casting producer in the world. In 2022, the total domestic casting output will exceed 53 million tons, a year-on-year increase of approximately 6.5%. The continuous development of downstream application fields has brought broad demand space to the furan resin market. According to the “China Furan Resin Industry Brand Market Structure and Competitors Field Investigation Report 2023-2028” released by the Industrial Research Center, The domestic furan resin market demand will exceed 400,000 tons in 2022, and the domestic furan resin industry has entered a stage of rapid development.

At the same time, sufficient supply of raw materials and continuously upgraded production technology are important foundations for the rapid development of the furan resin industry. In terms of raw materials, the raw materials of furan resin are furfuryl alcohol and furfural with furan ring. At present, the annual output of furfuryl alcohol in our country is about 700,000 tons; the annual output of furfural is about 300,000 tons, and the supply of raw materials is stable and sufficient; in terms of technology, my country’s furan resin production The process is gradually being upgraded from traditional technologies that pollute the environment to green and environmentally friendly technologies, gradually realizing low-carbon production and complying with the current development trend of the energy conservation and emission reduction industry.

At present, the domestic companies that are developing furan resin market mainly include Xingye Material Technology, Tianyu Group, Shengquan Group, Zhuli Casting Technology, Sunshine Casting, Tianqi New Material Technology, etc. There are a large number of companies. Among them, Shengquan Group is the largest furan resin manufacturer in my country and even the world. In 2022, its global furan resin market share will be close to 50%, and the industry concentration is high.

Industry analysts said that furan resin is one of the important materials needed in the foundry industry. In recent years, it has been used in domestic automobiles, wind power, and photovoltaics. Driven by the rapid development of the machinery industry, the output of castings continues to increase, which in turn drives the demand for furan resin to continue to increase, and the industry shows good development prospects. As relevant research continues to deepen, furan resin has been widely used in the anti-corrosion field in foreign developed countries, promoting the continuous expansion of its market space. However, the current research on furan resin for anti-corrosion in my country is still relatively shallow. In the future, local companies will need to increase product development and innovation.