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Foundry Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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    Report

  • 262 Pages
  • November 2023
  • Region: Global
  • Fairfield Market Research
  • ID: 5901067
Description Jump to:

Fairfield Market Research, a leading market research firm, has released a comprehensive report on the global foundry chemicals market, indicating its current valuation at US$ 2.2 billion in 2024.

The publisher has released a comprehensive report on the global foundry chemicals market, indicating its current valuation at US$ 2.2 billion in 2024. The market is poised to grow at a CAGR of 5.73% and is projected to reach US$ 3.25 billion by the end of 2031.

Foundry chemicals are indispensable to the casting process in foundries, serving diverse functions and available in various forms, including binders, coatings, auxiliaries, and more, tailored to specific roles within foundry operations.

Key Factors Driving the Sales of Foundry Chemicals:

Growing Need for Enhancing Foundry Productivity:
  • Foundry chemicals optimize the casting process by improving molding materials' flowability and compactibility, leading to faster and more precise mold creation.
  • Reduced casting errors, rework, and scrap result in significant time and resource savings.
  • Foundry chemicals play a critical role in ensuring casting quality by eliminating impurities, reducing porosity, and enhancing surface finishes, crucial in industries like automotive and aerospace.

Emphasis on Developing Low-cost and Property-boosting Foundry Additives:
  • Innovative and cost-effective additives enhance casting qualities and reduce production costs, contributing to competitiveness in the industry.
  • Customizable foundry additives address cost-efficiency and environmental concerns, fostering innovation and sustainability.

Factors Affecting the Demand Growth for Foundry Chemicals:

Escalating Raw Material Costs:
  • Global foundry chemicals market faces constraints due to rising raw material costs, impacting businesses globally.
  • Fluctuating prices of resources like pig iron, scrap, ferroalloys, and minerals have led to the closure of some foundry facilities and reduced capacity utilization, particularly in regions like India.

Region-wise Analysis:

Asia Pacific Generating High Demand for Foundry Chemicals:
  • Rapid industrialization, infrastructural expansion, and urbanization fuel demand for metal casting in sectors like construction, automotive, and manufacturing.
  • Cost-effective production due to lower labor and raw material expenses make Asia Pacific an attractive destination for foundry chemical manufacturers.

Manufacturers Drawn to Europe for Innovation:
  • Stringent environmental and safety regulations drive innovation in sustainable foundry chemicals in Europe.
  • The region's manufacturing sector's demand for high-quality castings fosters innovation and collaboration in materials science and manufacturing technology.

Competitive Landscape:

The market is slightly consolidated, with key players like
  • Vesuvius
  • SQ Group
  • Ask Chemicals
  • Asahi Yukizai Corporation
  • KAO Chemicals
  • IVP Limited
  • Hüttenes-Albertus International
  • Mancuso Chemicals Limited
  • Mazzon SpA
  • Fincast Foundry Flux Co.
  • Ceraflux India Pvt. Ltd.
  • Hindusthan Adhesive & Chemicals
  • Çukurova Kimya

leading the way. Market consolidation through mergers, acquisitions, and partnerships reshapes competition dynamics, affecting market share and pricing strategies.

Foundry Chemicals Market Research Segmentation:

By Product Type:

  • Coatings (Solvent-based, Water-based, Others)
  • Auxiliaries
  • Resins & Binders (Cold Box Systems, No-bake Systems, Hot Box / Shell Systems, Others)
  • Others

By Foundry Type:

  • Iron Foundries
  • Steel and Alloy Steel Foundries
  • Aluminum Foundries
  • Other Non-ferrous Foundries

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Middle East and Africa


This product will be delivered within 1-3 business days.

Table of Contents

1. Executive Summary
1.1. Global Foundry Chemicals Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Volume, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.8. PESTLE Analysis
3. Production Output and Trade Statistics
3.1. Key Highlights
3.2. Global Foundry Chemicals Production, by Region
3.2.1. North America
3.2.2. Europe
3.2.3. Asia Pacific
3.2.4. Latin America
3.2.5. Middle East & Africa
4. Price Trends Analysis and Future Projects, 2018 - 2031
4.1. Global Average Price Analysis, By Product Type
4.2. Prominent Factors Affecting Foundry Chemicals Prices
4.3. Global Average Price Analysis, by Region
5. Global Foundry Chemicals Market Outlook, 2018 - 2031
5.1. Global Foundry Chemicals Market Outlook, By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2031
5.1.1. Key Highlights
5.1.1.1. Coatings
5.1.1.1.1. Solvent Based Coatings
5.1.1.1.2. Water Based Coatings
5.1.1.1.3. Others
5.1.1.2. AUXILIARIES
5.1.1.3. Resins and Binders
5.1.1.3.1. Cold Box Systems
5.1.1.3.1.1. Alkaline Phenolic Resin
5.1.1.3.1.2. CO2 Cured Resin
5.1.1.3.1.3. Others
5.1.1.3.2. No-Bake Systems
5.1.1.3.2.1. Furan resin
5.1.1.3.2.2. Phenolic urethane resin
5.1.1.3.2.3. Others
5.1.1.3.3. Hot Box / Shell Systems
5.1.1.4. Others
5.2. Global Foundry Chemicals Market Outlook, By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2031
5.2.1. Key Highlights
5.2.1.1. Iron Foundry
5.2.1.2. Steel and Alloy Steel Foundry
5.2.1.3. Aluminium Foundry
5.2.1.4. Other Non-ferrous Foundry
5.3. Global Foundry Chemicals Market Outlook, By Region, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. North America
5.3.1.2. Europe
5.3.1.3. Asia Pacific
5.3.1.4. Latin America
5.3.1.5. Middle East & Africa
6. North America Foundry Chemicals Market Outlook, 2018 - 2031
6.1. North America Foundry Chemicals Market Outlook, By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2031
6.1.1. Key Highlights
6.1.1.1. Coatings
6.1.1.1.1. Solvent Based Coatings
6.1.1.1.2. Water Based Coatings
6.1.1.1.3. Others
6.1.1.2. AUXILIARIES
6.1.1.3. Resins and Binders
6.1.1.3.1. Cold Box Systems
6.1.1.3.1.1. Alkaline Phenolic Resin
6.1.1.3.1.2. CO2 Cured Resin
6.1.1.3.1.3. Others
6.1.1.3.2. No-Bake Systems
6.1.1.3.2.1. Furan resin
6.1.1.3.2.2. Phenolic urethane resin
6.1.1.3.2.3. Others
6.1.1.3.3. Hot Box / Shell Systems
6.1.1.4. Others
6.2. North America Foundry Chemicals Market Outlook, By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2031
6.2.1. Key Highlights
6.2.1.1. Iron Foundry
6.2.1.2. Steel and Alloy Steel Foundry
6.2.1.3. Aluminium Foundry
6.2.1.4. Other Non-ferrous Foundry
6.3. North America Foundry Chemicals Market Outlook, By Country, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. U.S. Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
6.3.1.2. U.S. Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
6.3.1.3. Canada Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
6.3.1.4. Canada Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Europe Foundry Chemicals Market Outlook, 2018 - 2031
7.1. Europe Foundry Chemicals Market Outlook, By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2031
7.1.1. Key Highlights
7.1.1.1. Coatings
7.1.1.1.1. Solvent Based Coatings
7.1.1.1.2. Water Based Coatings
7.1.1.1.3. Others
7.1.1.2. AUXILIARIES
7.1.1.3. Resins and Binders
7.1.1.3.1. Cold Box Systems
7.1.1.3.1.1. Alkaline Phenolic Resin
7.1.1.3.1.2. CO2 Cured Resin
7.1.1.3.1.3. Others
7.1.1.3.2. No-Bake Systems
7.1.1.3.2.1. Furan resin
7.1.1.3.2.2. Phenolic urethane resin
7.1.1.3.2.3. Others
7.1.1.3.3. Hot Box / Shell Systems
7.1.1.4. Others
7.2. Europe Foundry Chemicals Market Outlook, By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2031
7.2.1. Key Highlights
7.2.1.1. Iron Foundry
7.2.1.2. Steel and Alloy Steel Foundry
7.2.1.3. Aluminium Foundry
7.2.1.4. Other Non-ferrous Foundry
7.3. Europe Foundry Chemicals Market Outlook, By Country, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. Germany Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.3.1.2. Germany Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.3.1.3. U.K. Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.3.1.4. U.K. Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.3.1.5. France Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.3.1.6. France Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.3.1.7. Italy Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.3.1.8. Italy Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.3.1.9. Russia Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.3.1.10. Russia Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.3.1.11. Rest of Europe Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.3.1.12. Rest of Europe Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Asia Pacific Foundry Chemicals Market Outlook, 2018 - 2031
8.1. Asia Pacific Foundry Chemicals Market Outlook, By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2031
8.1.1. Key Highlights
8.1.1.1. Coatings
8.1.1.1.1. Solvent Based Coatings
8.1.1.1.2. Water Based Coatings
8.1.1.1.3. Others
8.1.1.2. AUXILIARIES
8.1.1.3. Resins and Binders
8.1.1.3.1. Cold Box Systems
8.1.1.3.1.1. Alkaline Phenolic Resin
8.1.1.3.1.2. CO2 Cured Resin
8.1.1.3.1.3. Others
8.1.1.3.2. No-Bake Systems
8.1.1.3.2.1. Furan resin
8.1.1.3.2.2. Phenolic urethane resin
8.1.1.3.2.3. Others
8.1.1.3.3. Hot Box / Shell Systems
8.1.1.4. Others
8.2. Asia Pacific Foundry Chemicals Market Outlook, By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2031
8.2.1. Key Highlights
8.2.1.1. Iron Foundry
8.2.1.2. Steel and Alloy Steel Foundry
8.2.1.3. Aluminium Foundry
8.2.1.4. Other Non-ferrous Foundry
8.3. Asia Pacific Foundry Chemicals Market Outlook, By Country, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. China Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.2. China Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.3. Japan Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.4. Japan Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.5. South Korea Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.6. South Korea Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.7. India Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.8. India Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.9. Southeast Asia Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.10. Southeast Asia Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.11. Rest of Asia Pacific Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.12. Rest of Asia Pacific Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Latin America Foundry Chemicals Market Outlook, 2018 - 2031
9.1. Latin America Foundry Chemicals Market Outlook, By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2031
9.1.1. Key Highlights
9.1.1.1. Coatings
9.1.1.1.1. Solvent Based Coatings
9.1.1.1.2. Water Based Coatings
9.1.1.1.3. Others
9.1.1.2. AUXILIARIES
9.1.1.3. Resins and Binders
9.1.1.3.1. Cold Box Systems
9.1.1.3.1.1. Alkaline Phenolic Resin
9.1.1.3.1.2. CO2 Cured Resin
9.1.1.3.1.3. Others
9.1.1.3.2. No-Bake Systems
9.1.1.3.2.1. Furan resin
9.1.1.3.2.2. Phenolic urethane resin
9.1.1.3.2.3. Others
9.1.1.3.3. Hot Box / Shell Systems
9.1.1.4. Others
9.2. Latin America Foundry Chemicals Market Outlook, By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2031
9.2.1. Key Highlights
9.2.1.1. Iron Foundry
9.2.1.2. Steel and Alloy Steel Foundry
9.2.1.3. Aluminium Foundry
9.2.1.4. Other Non-ferrous Foundry
9.3. Latin America Foundry Chemicals Market Outlook, By Country, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
9.3.1. Key Highlights
9.3.1.1. Brazil Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
9.3.1.2. Brazil Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
9.3.1.3. Mexico Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
9.3.1.4. Mexico Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
9.3.1.5. Rest of Latin America Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
9.3.1.6. Rest of Latin America Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
9.3.2. BPS Analysis/Market Attractiveness Analysis
10. Middle East & Africa Foundry Chemicals Market Outlook, 2018 - 2031
10.1. Middle East & Africa Foundry Chemicals Market Outlook, By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2031
10.1.1. Key Highlights
10.1.1.1. Coatings
10.1.1.1.1. Solvent Based Coatings
10.1.1.1.2. Water Based Coatings
10.1.1.1.3. Others
10.1.1.2. AUXILIARIES
10.1.1.3. Resins and Binders
10.1.1.3.1. Cold Box Systems
10.1.1.3.1.1. Alkaline Phenolic Resin
10.1.1.3.1.2. CO2 Cured Resin
10.1.1.3.1.3. Others
10.1.1.3.2. No-Bake Systems
10.1.1.3.2.1. Furan resin
10.1.1.3.2.2. Phenolic urethane resin
10.1.1.3.2.3. Others
10.1.1.3.3. Hot Box / Shell Systems
10.1.1.4. Others
10.2. Middle East & Africa Foundry Chemicals Market Outlook, By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2031
10.2.1. Key Highlights
10.2.1.1. Iron Foundry
10.2.1.2. Steel and Alloy Steel Foundry
10.2.1.3. Aluminium Foundry
10.2.1.4. Other Non-ferrous Foundry
10.3. Middle East & Africa Foundry Chemicals Market Outlook, By Country, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
10.3.1. Key Highlights
10.3.1.1. GCC Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
10.3.1.2. GCC Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
10.3.1.3. South Africa Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
10.3.1.4. South Africa Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
10.3.1.5. Egypt Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
10.3.1.6. Egypt Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
10.3.1.7. Rest of Middle East & Africa Foundry Chemicals Market By Product Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
10.3.1.8. Rest of Middle East & Africa Foundry Chemicals Market By Foundry Type, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
10.3.2. BPS Analysis/Market Attractiveness Analysis
11. Competitive Landscape
11.1. Product vs Application Heatmap
11.2. Manufacturer vs Application Heatmap
11.3. Company Market Share Analysis, 2023
11.4. Competitive Dashboard
11.5. Company Profiles
11.5.1. ASK Chemicals
11.5.1.1. Company Overview
11.5.1.2. Product Portfolio
11.5.1.3. Financial Overview
11.5.1.4. Business Strategies and Development
11.5.2. Vesuvius
11.5.2.1. Company Overview
11.5.2.2. Product Portfolio
11.5.2.3. Financial Overview
11.5.2.4. Business Strategies and Development
11.5.3. SQ Group
11.5.3.1. Company Overview
11.5.3.2. Product Portfolio
11.5.3.3. Financial Overview
11.5.3.4. Business Strategies and Development
11.5.4. Mazzon SpA
11.5.4.1. Company Overview
11.5.4.2. Product Portfolio
11.5.4.3. Financial Overview
11.5.4.4. Business Strategies and Development
11.5.5. ASAHI YUKIZAI CORPORATION
11.5.5.1. Company Overview
11.5.5.2. Product Portfolio
11.5.5.3. Financial Overview
11.5.5.4. Business Strategies and Development
11.5.6. KAO Chemicals
11.5.6.1. Company Overview
11.5.6.2. Product Portfolio
11.5.6.3. Financial Overview
11.5.6.4. Business Strategies and Development
11.5.7. IVP Limited
11.5.7.1. Company Overview
11.5.7.2. Product Portfolio
11.5.7.3. Financial Overview
11.5.7.4. Business Strategies and Development
11.5.8. Hüttenes-Albertus International
11.5.8.1. Company Overview
11.5.8.2. Product Portfolio
11.5.8.3. Business Strategies and Development
11.5.9. Forace Polymers Pvt Ltd.
11.5.9.1. Company Overview
11.5.9.2. Product Portfolio
11.5.9.3. Financial Overview
11.5.9.4. Business Strategies and Development
11.5.10. Fincast Foundry Flux co.
11.5.10.1. Company Overview
11.5.10.2. Product Portfolio
11.5.10.3. Financial Overview
11.5.10.4. Business Strategies and Development
11.5.11. Ceraflux India Pvt. Ltd.
11.5.11.1. Company Overview
11.5.11.2. Product Portfolio
11.5.11.3. Financial Overview
11.5.11.4. Business Strategies and Development
11.5.12. Hindusthan Adhesive & Chemicals
11.5.12.1. Company Overview
11.5.12.2. Product Portfolio
11.5.12.3. Financial Overview
11.5.12.4. Business Strategies and Development
11.5.13. Çukurova Kimya
11.5.13.1. Company Overview
11.5.13.2. Product Portfolio
11.5.13.3. Financial Overview
11.5.13.4. Business Strategies and Development
11.5.14. Mancuso Chemicals Limited
11.5.14.1. Company Overview
11.5.14.2. Product Portfolio
11.5.14.3. Financial Overview
11.5.14.4. Business Strategies and Development
12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ASK Chemicals
  • Vesuvius
  • SQ Group
  • Mazzon SpA
  • ASAHI YUKIZAI CORPORATION
  • KAO Chemicals
  • IVP Limited
  • Hüttenes-Albertus International
  • Forace Polymers Pvt Ltd.
  • Fincast Foundry Flux co.
  • Ceraflux India Pvt. Ltd.
  • Hindusthan Adhesive & Chemicals
  • Çukurova Kimya
  • Mancuso Chemicals Limited

Methodology

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