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PRESS RELEASE
Published March 21, 2023
The foundry chemicals market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 4.4% in the forecast period of 2021 to 2028 and expected to reach USD 3,068.56 million by 2028. The increasing demand for metal casting in the automotive market is acting as a driver for the foundry chemicals market in the forecast period.
A foundry is defined as an industry that produces metal castings from metals, foundry chemicals are the chemical components that mediate this transition process. The metals and alloys utilized in foundry are classified into two segments namely ferrous or non-ferrous depending whether they have the presence of iron in them or not. These metals and alloys are melted into a liquid form with the help of foundry equipment that operates at extremely high temperature.
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The growing demand for metal casting in the manufacturing of heavy machinery is boosting the foundry chemicals market growth. Corrodibility of ferrous metals under environmental conditions is hampering the demand for the foundry chemicals market. Increasing demand for steel in the market is acting as an opportunity for the foundry chemicals market. The stringent environmental regulation regarding chemicals released from foundries is acting as a challenge for hampering the demand of the foundry chemicals market.
This foundry chemicals market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the foundry chemicals market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Increasing Demand of Headphone/Earphone in Foundry Chemicals
Foundry chemicals market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in foundry chemicals and changes in regulatory scenarios with their support for the foundry chemicals market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Foundry Chemicals Market Share Analysis
Foundry chemicals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to global foundry chemicals market.
Key Market Competitors Covered in the Report
- Georgia-Pacific Chemicals
- Ultraseal India Pvt. Ltd.
- John Winter
- Hüttenes-Albertus
- Mancuso Chemicals Limited
- CERAFLUX INDIA PVT.LTD.
- Forace Polymers (P) Ltd.
- Scottish Chemical
- DuPont
- Vesuvius
- ASK Chemicals
- Imerys
- Shandong Crownchem Industries Co., Ltd
- Cavenaghi S.p.A
- Saint-Gobain Performance Ceramics & Refractories (PCR) (a subsidiary of Saint-Gobain)
- Carpenter Brothers, Inc.
- Compax Industrial Systems Pvt. Ltd
- Coleshill Aluminium
- CS ADDITIVE GMBH
- CAGroup (a subsidiary of AMC Group)
- Others
- Scandinavian Enviro Systems AB
- Waverly Carbon Ltd
- Contec Sp z o.o.
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Foundry Chemicals Market Scope and Market Size
The foundry chemicals market is segmented into eight notable segments which are based on the type, product type, foundry type, foundry tool type, foundry process type, foundry system type, distribution channel and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
The foundry chemicals market is analysed and market size information is provided by the country, type, product type, foundry type, foundry tool type, foundry process type, foundry system type, distribution channel and application as referenced above.
The countries covered in foundry chemicals market report are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, Rest of Middle East and Africa.
Asia-Pacific dominates the foundry chemicals market as the production, import and consumption of foundry chemicals is increasing in China. The Asia-Pacific region is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 because of increasing demand for foundry chemicals for steel production. China is leading the growth of the Asia-Pacific region. While in the Europe region, Germany is dominating due to increasing the high automotive production in the region. In North America, the U.S. is dominating because of the huge demand for metal based products in the region.
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Key Benefits of the Report over Competitors
The report provides a qualitative and quantitative analysis to determine the Foundry Chemicals Market size, share, forecast, market trends, and new opportunities.
Porter’s Five Forces analysis highlights the power of suppliers and buyers to enable stakeholders to make or run strategic business decisions and operations and determine the level of competition in the Foundry Chemicals Market.
The research highlights the most impactful factors and key investment pockets in Foundry Chemicals Market.
The major countries in each region are analyzed and their consumer, manufacturing, and revenue contribution is mentioned.
The market player positioning segment provides an understanding of the current position of the market players active in the Foundry Chemicals Market.
Related Reports:
https://www.databridgemarketresearch.com/reports/asia-pacific-foundry-chemicals-market
https://www.databridgemarketresearch.com/reports/europe-foundry-chemicals-market
https://www.databridgemarketresearch.com/reports/middle-east-and-africa-foundry-chemicals-market
https://www.databridgemarketresearch.com/reports/north-america-foundry-chemicals-market
About Data Bridge Market Research:
Data Bridge Market Research is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability levels and advanced approaches. We are committed to uncovering the best consumer prospects and fostering useful knowledge for your company to succeed in the market.
Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expanded its reach by opening a new office in the Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. “Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve.”
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