Furthermore, Europe Foundry Chemicals Marketing report assesses each segment of the global market in a very detailed pattern so that readers can be informed about future opportunities and high-growth areas of the industry. Besides, it offers a complete study of crucial market dynamics, including growth drivers, restraints, challenges, trends, and opportunities. The winning report offers market shares at global level mainly for Europe, North America, Asia Pacific and South America. This market analysis report works for initiating and developing the strategies for sales, advertising, marketing, and promotion. The first class Europe Foundry Chemicals Market report takes into account all the aspects of market that are necessary to create the finest and top-notch market research report.
An influential Europe Foundry Chemicals Market report makes to focus on the more important aspects of the market like what the market recent trends are. It estimates CAGR values in percentages which facilitate to know the rise or fall occurring in the market for particular product for the specific forecast period. Readers are given with accurate facts and figures related to the market and its significant factors such as consumption, production, revenue growth, and CAGR. Europe Foundry Chemicals Market research report also studies the trends in consumer and supply chain dynamics which enables building up production strategies for Chemical and Materials industry.
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.
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Market Definition:
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.
The major players covered in the report are:
- Vesuvius
- Saint-Gobain Performance Ceramics & Refractories (PCR) (a division of Saint-Gobain)
- Coleshill Aluminium
- CS Additive GmbH
- CAGroup (A Subsidiary of AMC Group)
- Ceraflux India Pvt. Ltd.
- Scottish Chemical
- DuPont
- John Winter
- Georgia-Pacific Chemicals
- Hüttenes-Albertus
- ASK Chemicals (A Subsidiary of Ashland)
- Imerys Ltd
Europe 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.
On the basis of type, the foundry chemicals market is segmented into benzene, formaldehyde, naphthalene, phenol, xylene and others. In 2021, benzene segment is dominating in the foundry chemicals market because benzene based foundry chemicals are widely used in various types of applications.
On the basis of product type, the foundry chemicals market is segmented into binders, additive agents, coatings, fluxes and others. In 2021, binders segment is dominating in the foundry chemicals market because binders based foundry chemicals are providing huge amount of core strength due to which it is highly demanded among the end users which helps to boost its demand in the forecast year.
On the basis of foundry type, the foundry chemicals market is segmented into ferrous and non-ferrous. In 2021, ferrous segment is dominating in the foundry chemicals market because foundry chemicals are widely used in ferrous metal castings due to its high property which helps to boost its demand in the forecast year.
On the basis of foundry tool type, the foundry chemicals market is segmented into showel, trowels, lifter, hand riddle, vent wire, rammers, swab, sprue pins and cutters and others. In 2021, showel segment is dominating in the foundry chemicals market because showel based foundry tool type consists of a square metal pan fitted with a wooden handle due to which it is highly used in wide applications which helps to boost its demand in the forecast year.
On the basis of foundry process type, the foundry chemicals market is segmented into thermal galvanization and electro less nickel plating. In 2021, thermal galvanization segment is dominating in the foundry chemicals market because thermal galvanization is the appropriate process type in foundry chemicals due to which it is highly adopted among the end users which helps to boost its demand in the forecast year.
On the basis of foundry system type, the foundry chemicals market is segmented into sand cast systems and chemically bonded sand cast systems. In 2021, chemically bonded sand cast systems segment is dominating in the foundry chemicals market because chemically bonded sand cast systems are mold / core strength based foundry system type, also it is re-used based bonded sand which helps to boost its demand in the forecast year.
On the basis of application, the foundry chemicals market is segmented into cast iron, steel, aluminium and others. In 2021, cast iron segment is dominating in the foundry chemicals market because foundry chemicals are widely used in cast iron application due to its high property which helps to boost its demand in the forecast year.
On the basis of distribution channel, the foundry chemicals market is segmented into e-commerce, specialty stores, B2B/third party distributors and others. In 2021, B2B/third party distributors segment is dominating in the foundry chemicals market because B2B/third party distributors based distribution channel are widely used in order to commercialization of foundry chemicals in the market which helps to boost its demand in the forecast year.
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