Foundry Additives Market exceeding US$ 3 Bn by the end of 2032

A foundry is a factory that is engaged in the manufacturing of metal cast components for various industries such as automotive, steel, railway, construction, heavy machinery among others. Therefore, the growth and development of foundry industry is completely dependent on the demand for metal cast components from the various end use industries. Moreover, in order to cater the continuous escalating demand of growing populations across the globe, the future outlook of foundry industries is positive. Moreover, in order to get finished products with enhanced quality, some additives are added during the casting process and are known by foundry additives. Hence, with the increasing demand for finished and high quality products in the market, the demand for foundry additives is expected to increase over the forecast period.

Report Attribute	Details
Foundry Additives Market Estimated Year Value (2022)	~US$ 2 Billion
Foundry Additives Market Anticipated Forecast Value (2032)	~US$ 3 Billion
Foundry Additives Market Projected Growth Rate (2022-2032)	~4% – 5% CAGR

Global Foundry Additives Market: Dynamics

The foundry additives market is mainly driven by its own advantages offered to the manufacturers operating in the foundry industry. As with introduction of additives the casting defects gets eliminated or reduced. Hence, the overall casting quality get enhanced by the introduction of foundry additives. Additionally, the need for expensive specialty sands also gets eliminated and the overall cost efficiency of the plant get upgraded. Therefore, the foundry additives have become necessary elements of many foundry industries and its demand is projected to increase with the positive outlook of the end use industries.

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Furthermore, rising demand for metal products with the growing population across the globe is anticipated to force the manufacturers of various foundries expand their production in order to cater the increasing demand. Hence, the demand for foundry additives are also going to increase with healthy growth rate during the forecast period.

Global Foundry Additives Market: Regional Outlook

The global market of foundry additives is mainly dominated by Asia Pacific region. This can be attributed to the presence of most prominent foundries across the globe. China and India are the two major consumers of foundry additives in the region. As China is one of the leading iron and steel manufacturers across the globe is projected to maintain its dominance throughout the forecast period and also anticipated to create healthy demand for foundry additives during the projected period of time. Moreover, Europe is also expected to create healthy demand for foundry additives in the coming years. The demand of foundry additives in European market is mainly dominated by the Western Europe. Germany, France and Italy are the major consumers of foundry additives in the Western Europe market. Additionally, the growing demand in North American market for foundry additives is mainly dominated by U.S. Growing metal manufacturing and casting activities in the U.S. is the key reason behind growing demand from North American market.

Global Foundry Additives Market: Market Participants

In the global market of foundry additives, huge rage of foundry additives are available in the market. Their use and consumption pattern is totally dependent of the application they are supposed to be used. Additionally, the market for foundry additives is highly fragmented and wide number of players are operating in the foundry additives market. Moreover, names of some of the manufacturers operating in the global market of foundry additives are:

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

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The research report presents a comprehensive assessment of the Foundry Additives market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated Foundry Additives market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Foundry Additives market segments such as geographies, application, and industry.

The report covers exhaustive analysis on:

• Foundry Additives Market Segments
• Foundry Additives Market Dynamics
• Foundry Additives Market Size
• Foundry Additives Supply & Demand
• Foundry Additives Current Trends/Issues/Challenges
• Foundry Additives Competition & Companies involved
• Foundry Additives Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Foundry Additives market segments and geographies.