| Product Code: ETC326209 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Nigeria`s furan resin import market in 2024 continued to see significant concentration from top exporting countries such as India, China, USA, Metropolitan France, and Germany. Despite a negative CAGR of -23.75% from 2020 to 2024, there was a notable growth rate of 22.57% from 2023 to 2024, indicating a potential rebound in demand. The high concentration levels, as indicated by the HHI, suggest a competitive market landscape where these key exporting countries play a crucial role in meeting Nigeria`s furan resin needs.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Furan Resin Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Furan Resin Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Furan Resin Market - Industry Life Cycle |
3.4 Nigeria Furan Resin Market - Porter's Five Forces |
3.5 Nigeria Furan Resin Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Furan Resin Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Furan Resin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and high-performance materials in industries such as automotive, construction, and electronics. |
4.2.2 Growing focus on sustainable and eco-friendly products driving the adoption of bio-based furan resins. |
4.2.3 Expansion of end-use industries and infrastructure development projects in Nigeria. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the production cost of furan resins. |
4.3.2 Lack of awareness and limited adoption of furan resins in certain industries. |
4.3.3 Stringent regulations and compliance requirements affecting the production and usage of furan resins. |
5 Nigeria Furan Resin Market Trends |
6 Nigeria Furan Resin Market, By Types |
6.1 Nigeria Furan Resin Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Furan Resin Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Nigeria Furan Resin Market Revenues & Volume, By Furfuryl Alchol Resin, 2021 - 2031F |
6.1.4 Nigeria Furan Resin Market Revenues & Volume, By Furfural Resin, 2021 - 2031F |
6.1.5 Nigeria Furan Resin Market Revenues & Volume, By Bran Ketone Resin, 2021 - 2031F |
6.1.6 Nigeria Furan Resin Market Revenues & Volume, By Branone Formaldehyde Resin, 2021 - 2031F |
6.2 Nigeria Furan Resin Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Furan Resin Market Revenues & Volume, By Paints & Plastics, 2021 - 2031F |
6.2.3 Nigeria Furan Resin Market Revenues & Volume, By Foundry Industry, 2021 - 2031F |
6.2.4 Nigeria Furan Resin Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.2.5 Nigeria Furan Resin Market Revenues & Volume, By Adhesives & Sealants, 2021 - 2031F |
6.2.6 Nigeria Furan Resin Market Revenues & Volume, By Others, 2021 - 2031F |
7 Nigeria Furan Resin Market Import-Export Trade Statistics |
7.1 Nigeria Furan Resin Market Export to Major Countries |
7.2 Nigeria Furan Resin Market Imports from Major Countries |
8 Nigeria Furan Resin Market Key Performance Indicators |
8.1 Research and development investments in bio-based furan resin technologies. |
8.2 Number of new product launches and partnerships in the furan resin market. |
8.3 Adoption rate of furan resins in key industries such as automotive, construction, and electronics in Nigeria. |
9 Nigeria Furan Resin Market - Opportunity Assessment |
9.1 Nigeria Furan Resin Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Furan Resin Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Furan Resin Market - Competitive Landscape |
10.1 Nigeria Furan Resin Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Furan Resin Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |