Self-hardening furan resin is a casting resin. Local companies have a competitive advantage in the global market.

Self-hardening furan resin, also known as sugar alcohol modified urea-formaldehyde resin, refers to a self-hardening resin made from furfuryl alcohol and furfural with furan rings as raw materials. Self-hardening furan resin appears as an amber or brown transparent viscous liquid. It has the advantages of environmental protection, fast curing speed, low viscosity, corrosion resistance, high strength and low production cost. It is a casting resin and is used in shipbuilding and automobile manufacturing. It is widely used in , aerospace and other fields.

Curing is a key link in the production of self-hardening furan resin, and acidic substances such as p-toluenesulfonic acid, p-toluenesulfonyl chloride, ethyl sulfate, benzenesulfonyl chloride, and phosphoric acid are commonly used curing agents. In recent years, driven by positive factors such as national policy support and increased industry prosperity, Chinese companies have continued to increase investment in the research and development of self-hardening furan resin curing agents, driving the update and iteration of high-performance curing agents to accelerate. Provide favorable conditions for the development of the resin industry.

According to the “2023-2028 China Self-hardening Furan Resin Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center , Self-hardening furan resin is a casting resin that can be used to produce non-ferrous metal castings, cast steel, cast iron and ductile iron, etc., with shipbuilding, automobile manufacturing, aerospace, etc. as its end markets. my country’s annual casting output, human resource supply and number of manufacturing companies are among the best in the world. According to statistics from the China Foundry Association, my country’s total casting output will reach 54.05 million tons in 2021, a year-on-year increase of 4%. Benefiting from the accelerated development of downstream industries, my country’s market demand for self-hardening furan resin is increasingly strong.

The main players in the global self-hardening furan resin market include Germany’s ASK Chemical Company (ASK), Japan’s Sinto Industrial Co., Ltd. (SINTOKOGIO), and the United States’ HA International Corporation, etc. my country is one of the main producing countries of self-hardening furan resin, and its product quality and output occupy a competitive advantage in the global market. Benefiting from the growth in overseas market demand, my country’s self-hardening furan resin has been exported to many countries such as the United States, South Korea, and Japan.

The main players in my country’s self-hardening furan resin market include Jinan Shengquan Group Co., Ltd., Shanghai Kao Chemical Co., Ltd., Suzhou Xingye Material Technology Co., Ltd., etc. Xingye Co., Ltd. is my country’s leading no-bake furan resin enterprise, focusing on the R&D, production and sales of no-bake furan resin, alkaline phenolic resin, cold core box resin and other casting resins. The products have the advantages of green environmental protection and wide application range. According to the annual report of Xingye Co., Ltd., the company achieved revenue of 1.79 billion yuan in 2022, a year-on-year decrease of 9.4%.

          Industry analysts said that as a casting resin, self-hardening furan resin has excellent performance and has good application prospects in many fields. As the development of downstream industries accelerates, the market demand for self-hardening furan resin in my country is increasingly strong. my country is a major producer of self-hardening furan resin, and local companies have a competitive advantage and voice in the global market.