Global Foundry Binder Sales Market Report 2021

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.

Market Analysis and Insights: Global Foundry Binder Market
The global Foundry Binder market was valued at US$ 3505.9 in 2020 and will reach US$ 4725.1 million by the end of 2027, growing at a CAGR of 5.1% during 2022-2027.

Global Foundry Binder Scope and Market Size
The global Foundry Binder market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Foundry Binder market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.

Segment by Type
Organic Binder
Inorganic Binder

Segment by Application
Core Sand Casting
Mold Sand Casting

The Foundry Binder market is analysed and market size information is provided by regions (countries). Segment by Application, the Foundry Binder market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.

By Company
ASK
HA
Jinan Shengquan
Kao Chemicals
Suzhou Xingye
Mancuso Chemicals
Foseco
Imerys
RPMinerals
Eurotek

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