Global Foundry Resin Binder Market was valued at USD 0.90 Billion in 2022 and is projected to reach USD 1.45 Billion by 2030, growing at a CAGR of 7.8% from 2024 to 2030.
The Global foundry resin binder market has witnessed steady growth in recent years, driven by the increasing demand for metal casting across various industries such as automotive, construction, and heavy machinery. Resin binders are essential in mold and core making processes, offering superior strength, flexibility, and thermal stability. The market size is expanding due to technological advancements in resin formulations that enhance casting precision and reduce environmental impact. Asia-Pacific dominates the market, with countries like China and India fueling growth through robust manufacturing activities and infrastructure development. North America and Europe follow, with their established foundry sectors and focus on sustainable materials. Key market players are investing in R&D to develop eco-friendly binders that comply with stringent environmental regulations, thereby opening new opportunities. The trend toward lightweight vehicles and electric mobility further supports the demand for high-performance cast components, boosting the usage of efficient resin binder systems in foundry applications.
Emerging opportunities in the Global foundry resin binder market are being shaped by automation and digitalization of foundry operations, which call for advanced materials capable of withstanding high precision and productivity demands. The push toward circular economy practices is fostering innovation in recyclable and biodegradable resin binder solutions. Rising demand for high-quality metal castings in aerospace and defense applications is creating room for specialized resin binders that offer superior dimensional accuracy and durability. Small and mid-sized foundries are increasingly adopting modern binder technologies to remain competitive in a cost-sensitive market. The growing use of additive manufacturing and 3D sand printing is also expected to impact binder selection, promoting the development of resins tailored for new manufacturing techniques. As regulatory frameworks tighten across regions, companies are aligning product offerings to meet emission and health safety standards. These dynamics are likely to reshape the competitive landscape and create strategic entry points for new market participants.
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REFCOTEC
Ceraflux
Dynea
Mancuso Chemicals
Midvale Industries
SQ Insertec
United Erie
Vesuvius
YUCHENG CHEM
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Gloabl Foundry Resin Binder Market
Polymeric Resins
Phenolic Resins
Furan Resins
Epoxy Resins
Silicate Resins
Metal Casting
Sand Casting
Investment Casting
Shell Molding
Others (including lost foam and permanent mold casting)
Cold Box Process
Hot Box Process
3D Printing Process
Shell Molding Process
Other Advanced Processes
Aerospace
Automotive
Heavy Machinery
Construction
Art and Sculpture
Binder Strength
Heat Resistance
Catalyst Activity
Environmental Resistance
Usage in Chemical Processes
US (Global, 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 Gloabl Foundry Resin Binder 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. Gloabl Foundry Resin Binder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Gloabl Foundry Resin Binder Market, By Type
6. Gloabl Foundry Resin Binder Market, By Application
7. Gloabl Foundry Resin Binder Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. Gloabl Foundry Resin Binder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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