Report Highlights

According to a research survey conducted by ChemView Consulting, in Foundry Additives Market was worth US $ 2.63 Bn. The market is expected to grow at a CAGR of 2.60% between 2023 and 2033 to hit US $ 3.40 Bn by 2033 end.

Key Market Trends

Growing Demand for Foundry Additives in Automotive Industry

The automotive industry is increasingly relying on foundry additives to improve the performance of their products. Foundry additives are used to improve the strength, durability, and corrosion resistance of automotive components, making them more reliable and cost-effective. As the automotive industry continues to grow, the demand for foundry additives is expected to increase, driving the growth of the foundry additives market.

Increasing Adoption of Foundry Additives in Aerospace Industry

The aerospace industry is increasingly turning to foundry additives to improve the performance of their components. Foundry additives are used to improve the strength, durability, and corrosion resistance of aerospace components, making them more reliable and cost-effective. As the aerospace industry continues to grow, the demand for foundry additives is expected to increase, driving the growth of the foundry additives market.

Market Drivers

Increasing Demand for Foundry Additives

Foundry additives are used to improve the properties of molten metal, such as strength, ductility, and corrosion resistance. The increasing demand for foundry additives from the automotive, aerospace, and construction industries is driving the growth of the foundry additives market. The growing demand for lightweight and fuel-efficient vehicles is driving the demand for foundry additives, as they are used to improve the properties of the metal used in the production of these vehicles.

Growing Automotive Industry

The automotive industry is one of the major drivers of the foundry additives market. The increasing demand for lightweight and fuel-efficient vehicles is driving the demand for foundry additives, as they are used to improve the properties of the metal used in the production of these vehicles. The growing demand for electric vehicles is also driving the demand for foundry additives, as they are used to improve the properties of the metal used in the production of these vehicles.

Segmentation Insights

After conducting a thorough analysis of the Foundry Additives Market, we have identified the top three trending segments in the industry. These segments are experiencing significant growth, high demand, and widespread adoption. Here are the top three segments, presented in a professional and attractive manner:

Most Popular (Fastest Growth Rate)

Engineered Additives (End Use)

Steel Industry Engineered Additives are the most popular type of foundry additives in the market due to their extensive usage in the steel industry. Engineered additives are specialty chemicals that are used in the foundry process to improve the quality and properties of steel. The demand for engineered additives is primarily driven by the steel industry, which accounts for the largest share of the foundry additives market. Engineered additives are used to improve the casting quality, increase productivity, and reduce casting defects, making them a crucial component in the steel production process.

Most Selling (Largest Market Share)

Inorganic Additives (End Use)

Heavy Machinery Inorganic additives are the most selling type of foundry additives in the market due to their extensive usage in heavy machinery. Inorganic additives are specialty chemicals that are used in the foundry process to improve the quality and properties of metal castings. The demand for inorganic additives is primarily driven by the heavy machinery industry, which includes products such as construction equipment, mining machinery, and agricultural machinery. Inorganic additives are used to improve the casting quality, reduce defects, and increase productivity, making them a crucial component in the heavy machinery production process.

Trending (Gaining Traction)

Organic Additives (End Use)

Construction Industry Organic additives are gaining significant traction in the Foundry Additives Market due to their usage in the construction industry. Organic additives are specialty chemicals that are used in the foundry process to improve the quality and properties of metal castings. The demand for organic additives is increasing in the construction industry, which includes products such as building materials, infrastructure, and pipelines. Organic additives are used to improve the casting quality, reduce defects, and increase productivity, making them a crucial component in the construction industry.

Regional Insights

Unlocking the Potential of Foundry Additives in North America

North America is a major market for foundry additives, with the United States and Canada being the two largest countries in the region. The US is the largest producer of foundry additives, accounting for more than half of the global production. The country is home to some of the world’s leading foundry additive manufacturers, such as BASF, Dow Chemical, and Ferro Corporation. The US foundry additives market is driven by the increasing demand for automotive components, as well as the growing demand for industrial machinery and equipment.

Canada is the second-largest producer of foundry additives in North America. The country is home to some of the world’s leading foundry additive manufacturers, such as BASF, Dow Chemical, and Ferro Corporation. The Canadian foundry additives market is driven by the increasing demand for automotive components, as well as the growing demand for industrial machinery and equipment.

Exploring the Benefits of Foundry Additives in Europe

Europe is a major market for foundry additives, with Germany, France, and the UK being the three largest countries in the region. Germany is the largest producer of foundry additives in Europe, accounting for more than one-third of the global production. The country is home to some of the world’s leading foundry additive manufacturers, such as BASF, Dow Chemical, and Ferro Corporation. The German foundry additives market is driven by the increasing demand for automotive components, as well as the growing demand for industrial machinery and equipment.

France is the second-largest producer of foundry additives in Europe. The country is home to some of the world’s leading foundry additive manufacturers, such as BASF, Dow Chemical, and Ferro Corporation. The French foundry additives market is driven by the increasing demand for automotive components, as well as the growing demand for industrial machinery and equipment.

Report Includes

Market Size Data

• Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
• Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
• Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
• Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
• Incremental dollar opportunity generated in the forecast period would be indicated
• Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

Market Background

• Macroeconomic factors that impact the market developments
• Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
• Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
• Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
• Trade analysis and analysis of key supply and demand hubs
• Identification of hotbed opportunities existing in the market
• Porter’s and PEST analysis to understand the business environment of the geography
• Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

Pricing Analysis

• Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
• Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
• Cost teardown analysis and key factors impacting pricing

Value Chain Analysis

• Country-wise list of raw material suppliers
  • Raw material price trends and buyers’ sentiment
  • Overview of Intelligent Sourcing Technique
  • Raw material procurement requirements
  • Vendor selection criteria
• Country-wise list of product manufacturers
• Country-wise list of distributors/traders
• Country-wise list of end-users
  • End-Users/Customers consumption mapping
  • Key End-Users/Customers client list
• Country-wise list of other key channel partners
• Average profitability margins
• Regional value chain dynamics

Competition Analysis

• • Market shares and production capacities of key players
  • Tier structure analysis of market
  • Comprehensive competition dashboard representing the top 10-15 players in the market
  • Individual company profiles of top 15 to 20 manufacturers
    • Business Overview
    • Product Portfolio
    • Key Financials
    • Recent Developments
    • SWOT Analysis
    • Strategies

Research Scope/Taxonomy
Market Analysis by Type:

• Iron Oxides
• Engineered Additives
• Burn-out Additives

Market Analysis by Composition:

• Organic Additives
• Inorganic Additives
• Hybrid Additives

Market Analysis by End Use:

• Steel Industry
• Heavy Machinery
• Construction Industry
• Automotive Industry
• Railways
• Electrical Industry
• Mining

Market analysis by region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Middle East & Africa
• East Asia
• South Asia & Pacific

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

Key Companies Profiled

• Clariant
• The HILL and GRIFFITH Company
• Imerys Group
• ASK Chemicals
• Chesapeake Specialty Products Inc.
• REFCOTEC
• Laviosa Chimica Mineraria SpA

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