Industrial Foundry Additives Market size is estimated to be USD 3.2 Billion in 2024 and is expected to reach USD 5.5 Billion by 2033 at a CAGR of 6.5% from 2026 to 2033.
The global industrial foundry additives market was valued at approximately USD 1.8 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of around 4.5% from 2023 to 2030. The market is driven by the increasing demand for high quality castings in automotive, construction, and machinery industries. Asia Pacific held the largest share, contributing over 40% of the global market, owing to the rapid industrialization in China, India, and Southeast Asia. North America followed as a key market, supported by advancements in automotive manufacturing and robust infrastructure development. Europe also captured a significant share, driven by innovations in foundry technologies and sustainability practices.
Emerging economies are offering lucrative opportunities for market expansion, particularly in the Asia Pacific region, where government initiatives supporting industrial growth are prevalent. Additionally, the Middle East and Africa are witnessing a rise in foundry operations due to infrastructure development projects. The demand for lightweight and high performance components in the automotive sector is further driving the adoption of specialized foundry additives. Furthermore, the increased use of eco friendly and performance enhancing additives is fostering market growth. Technological advancements in additive formulation and process automation are anticipated to create additional growth avenues, encouraging investments in the sector globally.
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Clariant
REFCOTEC
Chesapeake Specialty Products
Imerys Group
ASK Chemicals
The HILL and GRIFFITH
Laviosa Chimica Mineraria
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Industrial Foundry Additives Market
Binder Additives
Flow Control Additives
Defoaming Agents
Release Agents
Other Specialty Additives
Metal Casting
Sand Casting
Investment Casting
Die Casting
Others (e.g., ceramic and resin casting)
Aerospace
Automotive
Construction
Electronics
Heavy Machinery
General Manufacturing
Granular
Powder
Liquids
Emulsions
Others (e.g., slurries)
Thermal Stability
Viscosity Control
Moisture Resistance
Surface Finishing
Environmental Compliance Enhancements
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Industrial Foundry Additives Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Industrial Foundry Additives Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Foundry Additives Market, By Type
6. Global Industrial Foundry Additives Market, By Application
7. Global Industrial Foundry Additives Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Industrial Foundry Additives Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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