Market Overview:
The global foundry additives market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for castings from various end-use industries, such as automotive, railways, and mining. In addition, the growing demand for hybrid additives is also contributing to the growth of the global foundry additives market. The global foundry additives market can be segmented on the basis of type into organic additives, inorganic additives, and hybrid additive. The organic additive segment is projected to grow at a higher CAGR during the forecast period owing to its properties such as corrosion resistance and thermal stability. In terms of application, the industrial use segment dominates the global foundry additives market followed by railways and mining segments respectively. However, with increasing demand for castings from emerging economies such as China and India in automotive sector is expected propel growth in this application segment over next few years .Geographically , North America accounted for largest share in 2017 due high adoption rate among OEMs located thereon account production facilities are also situated regionally .
Product Definition:
Foundry additives are used to improve the casting process by controlling the fluidity of the molten metal, reducing turbulence, and preventing defects. They also help to adjust the chemical composition of the alloy.
Organic Additives:
Organic additives are the materials that are added to foundry sand in order to improve or modify certain properties such as color, viscosity, and plasticity. The most common types of organic additives include binders (such as polyvinyl alcohol), pigments (such as titanium dioxide), thickeners (such as carboxymethyl cellulose) and lubricants/processing aids (including boron nitride).
Inorganic Additives:
Inorganic additives are used in foundry additives market to control and adjust the properties of materials such as flow, color, viscosity, surface tension and heat treatment. Inorganic additive is basically any substance that is added to a liquid for the purpose of improving its properties or adding new functionalities. Some common examples include metal oxides (such as titanium dioxide), clay minerals (such as bentonite), silica gel and alumina trihydrate among others.
Application Insights:
The industrial use segment dominated the global foundry additives market in 2017, accounting for over 60.0% share of the total revenue. The growth can be attributed to increasing demand from various industries including automotive and construction for metal casting such as iron and steel, aluminum alloys, etc. Rapid urbanization coupled with rising living standards has led to an increase in the demand for automobiles across various regions which is expected to fuel product consumption over the forecast period.
Increasing investments by governments in infrastructure projects such as railways are likely to drive foundry industry growth thereby fueling product demand globally over the coming years. In addition, favorable government policies related to taxes on manufacturing companies are anticipated to augment industry expansion further driving market growth during future phases of analysis.
Regional Analysis:
Asia Pacific dominated the global foundry additives market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for electronic products such as smartphones and laptops, which require high-quality components made using additive manufacturing. China is a major country contributing towards regional growth owing to rapid industrialization, low labor cost, availability of skilled workforce and easy access to capital.
North America also held a significant share in the industry due to growing awareness about 3D printing technology among manufacturers as well consumers. Moreover, presence of prominent players such as Stratasys Ltd., Objet Geometries Inc.
Europe was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for lightweight and high-performance materials in automotive and aerospace industries
- Growing demand for foundry additives from the construction industry to improve the quality of castings
- Rising demand from emerging economies such as China and India
- Technological advancements that have led to the development of new types of foundry additives
- Stringent environmental regulations that are encouraging the use of environmentally friendly foundry additives
Scope Of The Report
Report Attributes
Report Details
Report Title
Foundry Additives Market Research Report
By Type
Organic Additives, Inorganic Additives, Hybrid Additives
By Application
Industrial Use, Railways, Mining
By Companies
Clariant, REFCOTEC, Chesapeake Specialty Products, Imerys Group, ASK Chemicals, The HILL and GRIFFITH, Laviosa Chimica Mineraria
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Foundry Additives Market Report Segments:
The global Foundry Additives market is segmented on the basis of:
Types
Organic Additives, Inorganic Additives, Hybrid Additives
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Use, Railways, Mining
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Clariant
- REFCOTEC
- Chesapeake Specialty Products
- Imerys Group
- ASK Chemicals
- The HILL and GRIFFITH
- Laviosa Chimica Mineraria
Highlights of The Foundry Additives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Organic Additives
- Inorganic Additives
- Hybrid Additives
- By Application:
- Industrial Use
- Railways
- Mining
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Foundry Additives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Foundry additives are a type of chemical used in the manufacturing of metals and alloys. They are added to molten metal to help it flow more easily, form shapes, and resist corrosion.
Some of the major companies in the foundry additives market are Clariant, REFCOTEC, Chesapeake Specialty Products, Imerys Group, ASK Chemicals, The HILL and GRIFFITH, Laviosa Chimica Mineraria.
The foundry additives market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Foundry Additives Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Foundry Additives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Foundry Additives Market - Supply Chain
4.5. Global Foundry Additives Market Forecast
4.5.1. Foundry Additives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Foundry Additives Market Size (000 Units) and Y-o-Y Growth
4.5.3. Foundry Additives Market Absolute $ Opportunity
5. Global Foundry Additives Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Foundry Additives Market Size and Volume Forecast by Type
5.3.1. Organic Additives
5.3.2. Inorganic Additives
5.3.3. Hybrid Additives
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Foundry Additives Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Foundry Additives Market Size and Volume Forecast by Application
6.3.1. Industrial Use
6.3.2. Railways
6.3.3. Mining
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Foundry Additives Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Foundry Additives Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Foundry Additives Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Foundry Additives Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Foundry Additives Demand Share Forecast, 2019-2026
9. North America Foundry Additives Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Foundry Additives Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Foundry Additives Market Size and Volume Forecast by Application
9.4.1. Industrial Use
9.4.2. Railways
9.4.3. Mining
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Foundry Additives Market Size and Volume Forecast by Type
9.7.1. Organic Additives
9.7.2. Inorganic Additives
9.7.3. Hybrid Additives
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Foundry Additives Demand Share Forecast, 2019-2026
10. Latin America Foundry Additives Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Foundry Additives Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Foundry Additives Market Size and Volume Forecast by Application
10.4.1. Industrial Use
10.4.2. Railways
10.4.3. Mining
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Foundry Additives Market Size and Volume Forecast by Type
10.7.1. Organic Additives
10.7.2. Inorganic Additives
10.7.3. Hybrid Additives
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Foundry Additives Demand Share Forecast, 2019-2026
11. Europe Foundry Additives Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Foundry Additives Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Foundry Additives Market Size and Volume Forecast by Application
11.4.1. Industrial Use
11.4.2. Railways
11.4.3. Mining
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Foundry Additives Market Size and Volume Forecast by Type
11.7.1. Organic Additives
11.7.2. Inorganic Additives
11.7.3. Hybrid Additives
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Foundry Additives Demand Share, 2019-2026
12. Asia Pacific Foundry Additives Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Foundry Additives Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Foundry Additives Market Size and Volume Forecast by Application
12.4.1. Industrial Use
12.4.2. Railways
12.4.3. Mining
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Foundry Additives Market Size and Volume Forecast by Type
12.7.1. Organic Additives
12.7.2. Inorganic Additives
12.7.3. Hybrid Additives
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Foundry Additives Demand Share, 2019-2026
13. Middle East & Africa Foundry Additives Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Foundry Additives Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Foundry Additives Market Size and Volume Forecast by Application
13.4.1. Industrial Use
13.4.2. Railways
13.4.3. Mining
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Foundry Additives Market Size and Volume Forecast by Type
13.7.1. Organic Additives
13.7.2. Inorganic Additives
13.7.3. Hybrid Additives
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Foundry Additives Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Foundry Additives Market: Market Share Analysis
14.2. Foundry Additives Distributors and Customers
14.3. Foundry Additives Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Clariant
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. REFCOTEC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Chesapeake Specialty Products
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Imerys Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ASK Chemicals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. The HILL and GRIFFITH
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Laviosa Chimica Mineraria
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook