- Foundry chemicals are essential compounds used in casting processes to enhance mold strength, improve surface finish, ensure metallurgical integrity, and optimize performance during metal solidification. These include binders, coatings, fluxes, and additives tailored for various metals and casting techniques
- The growing demand for lightweight, complex metal components—particularly in automotive and aerospace industries—along with the modernization of foundry operations and the push for sustainable, low-VOC solutions, is driving the global foundry chemicals market forward
- North America dominated the foundry chemicals market with a share of over 40% in 2024, due to strong demand from the automotive, aerospace, and industrial machinery sectors, which heavily rely on high-quality metal castings
- Asia-Pacific is expected to be the fastest growing region in the foundry chemicals market during the forecast period due to rapid industrialization, infrastructural development, and growing manufacturing capacities across countries such as China, India, and Japan
- Ferrous segment dominated the market with a market share of 62.3% in 2024, due to the dominant global production of iron and steel-based castings used in automotive engines, construction equipment, rail components, and industrial machinery. Ferrous foundries rely on a broad spectrum of chemicals—including iron oxide additives, core oils, and refractory coatings—to ensure proper metallurgical properties, casting strength, and mold stability
