In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Foundry Binder market for 2018-2023.
Foundry Binder is used to make loose sand bonded together. Thereby giving sufficient strength to with sand mold and core, make it in the process of handling, assembly and pouring from deformation and broken.
In 2016, the global Foundry Binder market is led by China, capturing about 35.83% of global Foundry Binder consumption. Europe is the second-largest region-wise market with 19.72% global production share.
At present, the major manufacturers of Foundry Binder are concentrated in ASK? HA, Jinan Shengquan, BASF, Kao Chemicals, Suzhou Xingye, Mancuso Chemicals Limited, Foseco, Imerys, RPMinerals, United Erie, Eurotek, REFCOTEC, John Winter, J. B. DeVENNE INC, SI Group. ASK is the world leader, holding 9.94% production market share in 2016.
In application, Foundry Binder downstream is wide and recently Foundry Binder has acquired increasing significance in various fields of Core Sand Casting and Mold Sand Casting. The Foundry Binder market is mainly driven by growing demand for Mold Sand Casting which accounts for nearly 66.06% of total downstream consumption of Foundry Binder in global.
In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, Foundry Binder production will show a trend of steady growth.
Over the next five years, LPI(LP Information) projects that Foundry Binder will register a 3.0% CAGR in terms of revenue, reach US$ 3810 million by 2023, from US$ 3190 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Foundry Binder market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
Core Sand Casting
Mold Sand Casting
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Mancuso Chemicals Limited
J. B. DeVENNE INC
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Foundry Binder consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Foundry Binder market by identifying its various subsegments.
Focuses on the key global Foundry Binder manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Foundry Binder with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Foundry Binder submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.