FOUNDRY BINDER
MARKET OVERVIEW
Foundry binders are crucial additives in metal casting, combining with molding sand to form durable molds and cores. They are essential for producing highquality metal components across various industries.
MARKET SIZE AND GROWTH
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MARKET SIZE (2023):
APPROXIMATELY USD 3360.50 MILLION
PROJECTED MARKET SIZE (2035): AROUND USD 4741.81 MILLION
COMPOUND ANNUAL GROWTH RATE (CAGR): 3.90% DURING THE FORECAST PERIOD.
MARKET SEGMENTATION
By Type
Binder Inorganic Binder By Application
Core Sand Casting
Mold Sand Casting
REGIONAL ANALYSIS
Study focuses on evaluating the market landscape, consumer trends, and competition pertinent to the new product.
MIDDLE EAST & AFRICA
Moderate growth with increasing adoption in emerging economies.
EUROPE
Significant market presence with emphasis on sustainable and highperformance binders
NORTH AMERICA
Steady growth driven by advanced manufacturing and automotive sectors.
ASIA-PACIFIC
Fastest-growing region due to rapid industrialization and expanding automotive industry.
KEY PLAYERS
Jinan
Shengquan
RPMinerals
Foseco
Kao
Chemicals
Suzhou
Xingye
