In Global Market, the consumption of Foundry Binder increases from 1737.4 K MT in 2012

In global market, the consumption of Foundry Binder increases from 1737.4 K MT in 2012 to 1974.3 K MT in 2016, at a CAGR of 3.25%. 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.

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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. In 2022 the consumption of Foundry Binder is estimated to be 2484.6 K MT. On product prices, the slow downward trend in recent years will maintain in the future.

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