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

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
joe zheng | 09.10.2018
New report published by Global Info Research which offers insights on the global Foundry Binder market.

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.

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Global Foundry Binder Market: Forecast by Type / Application / Region

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. 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.

Global Foundry Binder Market:  Segment by Type
  Organic Binder
    Inorganic Binder

Global Foundry Binder Market:Segment by Applications
    Core Sand Casting
    Mold Sand Casting

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Related Information:
United States Foundry Binder Market 2018 Forecast to 2023
Europe Foundry Binder Market 2018 Forecast to 2023
North America Foundry Binder Market 2018 Forecast to 2023
Asia-Pacific Foundry Binder Market 2018 Forecast to 2023
China Foundry Binder Market 2018 Forecast to 2023
EMEA Foundry Binder Market 2018 Forecast to 2023
Global Foundry Binder Market 2018 Forecast to 2023

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