Nuhey News

We talk about the MARKET

Key Factors for Global Foundry Binder Market to Show 3.9% Growth Rate to 2028

Foundry Binder is used to make loose sand bonded together. Thereby giving sufficient strength to with sand mold and core, make it in the process of handling, assembly and pouring from deformation and broken.

Due to the COVID-19 pandemic, the global Foundry Binder market size is estimated to be worth US$ 3502.7 million in 2022 and is forecast to a readjusted size of US$ 4406.5 million by 2028 with a CAGR of 3.9% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Organic Binder accounting for % of the Foundry Binder global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Core Sand Casting segment is altered to an % CAGR throughout this forecast period.

The global Foundry Binder market is led by China, capturing about 34% of global Foundry Binder consumption. Europe is the second-largest region-wise market with 28% global share.

From the perspective of competition, the market for resin binders for medium and high-end foundry is mainly competition among large multinational companies, In the low-end market, it is the competition among many small and medium-sized manufacturers in China. At present, the major manufacturers of Foundry Binder are concentrated in ASK, HA, Jinan Shengquan, Kao Chemicals, Suzhou Xingye, Mancuso Chemicals Limited, Foseco, Imerys, RPMinerals. ASK is the world leader, holding 18% production market share.

In application, Foundry Binder downstream is wide and recently Foundry Binder has acquired increasing significance in various fields of Core Sand Casting and Mold Sand Casting. The Foundry Binder market is mainly driven by growing demand for Mold Sand Casting which accounts for nearly 66% of total downstream consumption of Foundry Binder in global.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Request for a free sample or purchase this report at: https://www.themarketreports.com/report/global-foundry-binder-market-research-report

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Organic Binder
  • Inorganic Binder

Segment by Application

  • Core Sand Casting
  • Mold Sand Casting

By Company

  • ASK
  • HA
  • Jinan Shengquan
  • Kao Chemicals
  • Suzhou Xingye
  • Mancuso Chemicals
  • Foseco
  • Imerys
  • RPMinerals
  • Eurotek

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

Contact Details:

Mr. Shirish Gupta

Sales Manager

The Market Reports | Industry and Market Reports at its Best

Call: +1-631-407-1315 / +91-750-729-1479

Email: sales@themarketreports.com