Foundry Chemicals Market Size(Volume & Value), Growth and Development Trends 2017-2025

The report "Foundry Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025 ", has been prepared based on an in-depth market analysis with inputs from industry experts.

The main objective of this report is to define, describe, and forecast the global “Foundry Chemicals” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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A foundry produces metal castings from either ferrous or non-ferrous alloys. Iron, aluminum, and copper are the primary metals used for casting. Metals are turned into parts by melting them into liquid, pouring in a mold, and then removing the mold material or casting. Chemicals used in the casting process are known as foundry chemicals. Foundry chemicals are used in metal and metallurgical industries. Foundry chemicals include binders, additive agents, coatings, fluxes, metal feeding aids, and hot topping compounds. Foundries produce metal castings, which are employed in sectors such as automotive, construction, heavy machinery, railways, mining, and steel. These chemicals enable foundries to enhance the quality of castings and improve productivity levels. Different types of foundry chemicals are used for casting purposes. These include core and mold binders, sand additives, parting agents, water-based core or mold coatings in various refractory bases, and solvent-based core or mold coatings in various refractory bases. Core and mold binders are high solid thixotropic refractory dressings with in-built excellent suspension characteristics and anti-settling properties. They are specially recommended for exceptionally smooth casting surface finish and dimensional accuracy for ferrous & nonferrous foundries. Fly ash is the other important replacement and filler in foundry sands used for mold and core production. Fly ash is more suitable than ferrous applications due to the high pouring temperature. Fly ash is suitable for molds and core making for many nonferrous metals such as, Cu-, Al- and Zn- based alloys.

Graphite powder accounts for major share of the foundry chemicals market in terms of demand. It offers good lubrication properties and is used in various applications. The element is rich in carbon; therefore, it offers good electrical conductivity and is used for smooth casting iron, copper base alloys, and aluminum base alloys. Dextrin powder is also a widely used binder for cores in the foundry industry. Different types of dextrin powders are available in the market; of these, yellow dextrin is specially used in foundry works for increasing dry strength. Liquid sodium silicate is versatile, inorganic chemical used as a convenient source of sodium for many industrial products. It is white to greenish opaque crystal in appearance, and is used as an ingredient in electric welding rod.

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The bentonite powder is the clay mineral with properties like water absorption, hydration, viscosity and swelling used in the foundry industry. These properties makes the mineral multi-application product that finds usage in various industries. The mineral is able to absorb moisture and odor. It finds its application in the fertilizer industry, metal casting, iron ore pelleting, civil engineering applications and drilling. Phenol is used to produce phenol formaldehyde condensation resins, which are used in different applications such as molds in the foundry industry. Foundry sand is high quality silica sand that is a byproduct of the production of ferrous and nonferrous metal castings. Metal foundries use large amounts of sand as part of the metal casting process.

Based on geography, the global foundry chemicals market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America is the dominant region of the foundry chemicals market, led by the increase in demand from automotive and construction sectors. This, in turn, is estimated to boost the market for foundry chemicals. The market in Asia Pacific has been expanding at a rapid pace due to the emerging steel and construction sectors. Rise in new projects and remodeling of the existing buildings are likely to boost the foundry chemicals market in the near future.

Key players operating in the foundry chemicals market are AFFCIL INDUSTRRIES, Yash Chemicals, General Chemical Corp., Ultraseal India Pvt. Ltd., and Georgia-Pacific Chemicals LLC.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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