Foundry Chemicals Market to reach USD 2207.6 Bn by 2029, emerging at a CAGR of 1.8 percent and forecast 2023-2029

Foundry Chemicals Market Report Scope and Research Methodology

The Foundry Chemicals Market, valued at US$ 1948.4 Mn. in 2022, is projected to reach US$ 2207.6 Mn. by 2029, reflecting a CAGR of 1.8% during the forecast period.

Maximize Market Research Pvt Ltd's latest report comprehensively analyzes the revenue impact of the COVID-19 pandemic on market leaders, followers, and disruptors. The report delves into the nuances of the global Foundry Chemicals Market, offering invaluable insights for stakeholders.

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Foundry Chemicals Market Dynamics:

Aluminum cast parts offer a unique combination of lightweight construction and strength comparable to steel. Their aesthetic appeal surpasses that of other metal alloys, enhancing the visual value of products. Additionally, aluminum castings boast versatility and corrosion resistance, making them ideal for diverse applications. These attributes empower manufacturers to create a wide array of products using aluminum components, ensuring longevity and delivering enhanced value to consumers.

The U.S. metal casting industry stands as a vibrant and essential contributor to the nation's economy and security, driven by its competitive edge and energy efficiency. Metal cast products permeate nearly every sector of the economy, constituting approximately 90% of all manufactured goods. From automotive components such as engine blocks and transmission housings to applications in pumps, compressors, and even surgical equipment, castings play a vital role across various industries.

Foundry Chemicals Market Regional Insights:

The Asia-Pacific region emerged as the dominant force in the global foundry chemicals market, boasting a substantial 40% share in 2022. This commanding position is primarily attributed to the region's rapid industrialization and escalating demand for foundry products, especially in the automotive and aerospace sectors. As Asia-Pacific evolves into a pivotal manufacturing hub across various industries, the surge in domestic demand for foundry castings is expected to further propel the need for associated chemicals.

In emerging economies like India, the foundry industry is witnessing a notable uptick in demand for casting products, particularly in applications spanning tractors, automobiles, auto components, and construction equipment. Notably, the auto components sector stands out as a major consumer within this landscape, catalyzing growth within the foundry industry and consequently stimulating demand for foundry chemicals.

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Foundry Chemicals Market Segmentation:

Type: Binders hold the largest market share and are anticipated to maintain dominance due to their crucial role in retaining casting materials.

Application: Cast iron represents the largest market share, driven by its easy availability and low production costs. However, aluminum is expected to witness the highest CAGR during the forecast period, primarily fueled by the automotive industry's increasing preference for lightweight aluminum-cast parts.

by Type

• Binders
• Additive Agents
• Coatings
• Fluxes
• Hot Topping Compounds
• Others

by Type

• Iron
• Steel
• Aluminum
• Others (including Copper, Zinc, and Magnesium)

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Foundry Chemicals Market Key Players:

• Vesuvius
• ASK Chemicals
• HÜTTENES-ALBERTUS Chemische Werke GmbH
• Imerys
• IVP Limited
• General Chemical Corp.
• Affcil Industries
• Georgia-Pacific Chemicals LLC
• Ultraseal India Pvt. Ltd.
• John Winter
• Yash Chemicals
• Fincast Foundry Flux
• Mancuso Chemicals Limited
• Forace Polymers (P) Ltd.
• Shamlax Metachem Pvt. Ltd.
• CERAFLUX INDIA PVT LTD
• Saint-Gobain Performance Ceramics & Refractories
• Carpenter Brothers, Inc.
• Compax Industrial Systems Pvt. Ltd
• Coleshill Aluminium
• CS Additive GmbH
• CAGroup

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Table of content for the Foundry Chemicals Market includes:

1. Global Foundry Chemicals Market: Research Methodology

2. Global Foundry Chemicals Market: Executive Summary

• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry

3.Global Foundry Chemicals Market: Competitive Analysis

• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact

4 . Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

Key Offerings:

• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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