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Global Foundry Chemicals Market – Industry Trends and Forecast to 2031

Chemical and Materials

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Global Foundry Chemicals Market – Industry Trends and Forecast to 2031

  • Chemical and Materials
  • Upcoming Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Foundry Chemicals Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 2,474.18 USD Million
Diagram Market Size (Forecast Year) USD 3,491.69 USD Million
Diagram CAGR %

Major Markets Players

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Global Foundry Chemicals Market, By Type (Benzene, Formaldehyde, Naphthalene, Phenol, Xylene, Others), Product Type (Binders, Additive Agents, Coatings, Fluxes, Others), Foundry Type (Ferrous, Non-Ferrous), Foundry Tool Type (Showel, Trowels, Lifter, Hand Riddle, Vent Wire, Rammers, Swab, Sprue Pins and Cutters, Others), Foundry Process Type (Thermal galvanization, Electro Less Nickel Plating), Foundry System Type (Sand Cast Systems, Chemically Bonded Sand Cast Systems), Application (Cast Iron, Steel, Aluminium, Others), Distribution Channel (E-Commerce, Specialty Stores, B2B/Third Party Distributors, Others) - (Industry Trends and Forecast to 2024 to 2031.

Foundry Chemicals Market

Foundry Chemicals Market Analysis and Size

The essential factors contributing to the growth of the foundry chemicals market in the forecast period of 2024 to 2031 include growing demand for metal casting in the manufacturing of heavy machinery, increasing demand for steel in the market, and increasing import and consumption of foundry chemicals.

Data Bridge Market Research analyzes that the global foundry chemicals market which was USD 2,503.24 million in 2023, is expected to reach USD 3,572.83 million by 2031, growing at a CAGR of 4.7% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Foundry Chemicals Market Scope and Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Type (Benzene, Formaldehyde, Naphthalene, Phenol, Xylene, Others), Product Type (Binders, Additive Agents, Coatings, Fluxes, Others), Foundry Type (Ferrous, Non-Ferrous), Foundry Tool Type (Showel, Trowels, Lifter, Hand Riddle, Vent Wire, Rammers, Swab, Sprue Pins and Cutters, Others), Foundry Process Type (Thermal galvanization, Electro Less Nickel Plating), Foundry System Type (Sand Cast Systems, Chemically Bonded Sand Cast Systems), Application (Cast Iron, Steel, Aluminium, Others), Distribution Channel (E-Commerce, Specialty Stores, B2B/Third Party Distributors, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America

Market Players Covered

Saint-Gobain Performance Ceramics & Refractories (PCR) (France), Carpenter Brothers, Inc. (U.S.), Compax Industrial Systems Pvt. Ltd (India), Coleshill Aluminium (U.K.), CS Additive GmbH (Germany),  CAGroup (A Subsidiary of AMC Group) (U.S.), Mancuso Chemicals Limited (Canada), Ceraflux India Pvt. Ltd. (India), Forace Polymers (P) Ltd. (India),  Scottish Chemical (U.K.), DuPont (U.S.), John Winter (U.K.), Georgia-Pacific Chemicals (U.S.), Ultraseal India Pvt. Ltd. (India), Hüttenes-Albertus (Germany), Vesuvius (U.K.), ASK Chemicals (A Subsidiary of Ashland) (Germany), Imerys (France), Shandong Crownchem Industries Co., Ltd (China), Cavenaghi S.p.A (Italy)

Market Opportunities

  • Rising demand in automotive and aerospace industries
  • Increasing metal casting activities

Market Definition

A foundry is defined as an industry that produces metal castings from metals, foundry chemicals are the chemical components that mediate this transition process. The metals and alloys utilized in foundry are classified into two segments namely ferrous or non-ferrous depending whether they have the presence of iron in them or not. These metals and alloys are melted into a liquid form with the help of foundry equipment that operates at extremely high temperature.

Global Foundry Chemicals Market Dynamics

Drivers

  • Rising Demand in Automotive and Aerospace Industries

The automotive and aerospace industries are major consumers of foundry chemicals due to the increasing demand for lightweight and durable components. Foundry chemicals are used in the production of various metal parts and components in these sectors.

  • Increasing Metal Casting Activities

The growing demand for metal castings across industries such as construction, machinery, and infrastructure development is boosting the consumption of foundry chemicals. Metal casting is a crucial process in manufacturing various products, thereby driving the demand for associated chemicals.

Opportunity

  • Increasing Investment in Research and Development

Continuous research and development efforts by key market players to develop advanced and efficient foundry chemicals are contributing to market expansion. Moreover, globalization of supply chains has led to increased demand for high-quality metal components, thereby boosting the consumption of foundry chemicals worldwide.

Restraint/Challenge

  • Regulatory pressures and environmental concerns

Stringent environmental regulations regarding emissions, waste disposal, and the use of certain chemicals can limit the growth of the foundry chemicals market. Compliance with these regulations often requires investment in eco-friendly alternatives, which can increase production costs.

This foundry chemicals market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Foundry chemicals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • In January 2021, ASK Chemicals (A Subsidiary of Ashland) had introduced the new polyurethane binder system for self-curing, which is environmentally friendly in nature, which resulted in good casting results and high productivity. The update helps the company to increase the goodwill of the company, which enhance sales in future
  • In November 2020, Vesuvius participated in the ANKIROS 2020 trade fair held in Istanbul, Turkey, aiming to bring different products related to the metallurgy industry together under a single roof. The company expects to improve its consumer base and sales with participation in this exhibition

Global Foundry Chemicals Market Scope

The foundry chemicals market is segmented on the basis of type, product type, foundry type, foundry tool type, foundry process type, foundry system type, distribution channel and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Product Type

  • Binders
  • Additive Agents
  • Coatings
  • Fluxes
  • Others

Foundry Type

  • Ferrous
  • Non-Ferrous

Foundry Tool Type

  • Showel
  • Trowels
  • Lifter
  • Hand Riddle
  • Vent Wire
  • Rammers
  • Swab
  • Sprue Pins and Cutters
  • Others

Foundry Process Type

  • Thermal Galvanization
  • Electro Less Nickel Plating

Foundry System Type

  • Sand Cast Systems
  • Chemically Bonded Sand Cast Systems

Distribution Channel

  • E-Commerce
  • Specialty Stores
  • B2B/Third Party Distributors
  • Others

Application

  • Cast Iron
  • Steel
  • Aluminium
  • Others

Global Foundry Chemicals Market Regional Analysis/Insights

The foundry chemicals market is analyzed and market size insights and trends are provided by type, product type, foundry type, foundry tool type, foundry process type, foundry system type, distribution channel and application as referred above.

The countries covered in the market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, U.A.E., Saudi Arabia, South Africa, and rest of Middle East and Africa.

Asia-Pacific is expected to dominate the foundry chemicals market due to the increased production, import, and consumption of foundry chemicals in China. The Asia-Pacific region is expected to grow with the highest growth rate in the forecast period due to increasing demand for foundry chemicals for steel production.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Foundry Chemicals Market Share Analysis

The foundry chemicals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to foundry chemicals market.

Some of the major players operating in the foundry chemicals market are:

  • Saint-Gobain Performance Ceramics & Refractories (PCR) (France)
  • Carpenter Brothers, Inc. (U.S.)
  • Compax Industrial Systems Pvt. Ltd (India)
  • Coleshill Aluminium (U.K.)
  • CS Additive GmbH (Germany)
  • CAGroup (A Subsidiary of AMC Group) (U.S.)
  • Mancuso Chemicals Limited (Canada)
  • Ceraflux India Pvt. Ltd. (India)
  • Forace Polymers (P) Ltd. (India)
  • Scottish Chemical (U.K.)
  • DuPont (U.S.)
  • John Winter (U.K.)
  • Georgia-Pacific Chemicals (U.S.)
  • Ultraseal India Pvt. Ltd. (India)
  • Hüttenes-Albertus (Germany)
  • Vesuvius (U.K.)
  • ASK Chemicals (A Subsidiary of Ashland) (Germany)
  • Imerys (France)
  • Shandong Crownchem Industries Co., Ltd (China)
  • Cavenaghi S.p.A (Italy)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The foundry chemicals market size will be worth USD 3,572.83 million by 2031.
The foundry chemicals market is projected to grow at a CAGR of 4.7% during the forecast period of 2024-2031.
Rising demand in automotive and aerospace industries & increasing metal casting activities are the growth drivers of the foundry chemicals market.
Type, product type, foundry type, foundry tool type, foundry process type, foundry system type, distribution channel and application are the factors on which the foundry chemicals market research is based.
Major companies in the foundry chemicals market are Saint-Gobain Performance Ceramics & Refractories (PCR) (France), Carpenter Brothers, Inc. (U.S.), Compax Industrial Systems Pvt. Ltd (India), Coleshill Aluminium (U.K.), CS Additive GmbH (Germany), CAGroup (A Subsidiary of AMC Group) (U.S.), Mancuso Chemicals Limited (Canada), Ceraflux India Pvt. Ltd. (India), Forace Polymers (P) Ltd. (India), Scottish Chemical (U.K.), DuPont (U.S.), John Winter (U.K.), Georgia-Pacific Chemicals (U.S.), Ultraseal India Pvt. Ltd. (India), Hüttenes-Albertus (Germany), Vesuvius (U.K.), ASK Chemicals (A Subsidiary of Ashland) (Germany), Imerys (France), Shandong Crownchem Industries Co., Ltd (China), Cavenaghi S.p.A (Italy).
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