The global demand for Foundry Chemicals Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Foundry Chemicals are a set of chemical compounds used to increase productivity and the quality of metal castings products from a foundry. The various chemicals used include additives, releasing agents, resins, coatings and binders. The advent of technologically innovative casting methods and 3D printing is revolutionising the way these chemicals are produced and used to make consumables for automotive, construction and aerospace sectors. These chemicals are used in refining, surface cleaning, enhancing the appeal, degassing and moulding processes involved in a foundry.
The main driver for the market of foundry chemicals is the need for lightweight parts to be used in automobiles. Foundry products being used across a wide range of sectors like aerospace, power, healthcare for implants and marine will help the market in realising a sustained growth. The growing demand for industry-specific foundry chemicals due to the emergence of 3D printing technologies will be a market booster. Increased research activities using automation and computer simulations will greatly benefit market growth. There is no direct link to viral infection and hence this market will not witness any major impact during COVID-19 pandemic. The key factors that can adversely affect market growth are their detrimental effects on the environment.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of foundry chemicals.
The entire foundry chemicals market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Additive Agents
- Hot Topping Compounds
- Others (Parting Agents, Slaghold Allied Products)
- Others (including Copper, Zinc, and Magnesium)
This section covers regional segmentation which accentuates on current and future demand for foundry chemicals market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Foundry Chemicals Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the foundry chemicals market include Vesuvius, ASK Chemicals, HÜTTENES-ALBERTUS ChemischeWerke 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. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.