Shell Moulding Resin Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 2.5 Billion by 2033 at a CAGR of 9.1% from 2026 to 2033.
The South Korea Shell Moulding Resin Market is witnessing a surge in demand across various industrial sectors due to its versatility and essential role in the manufacturing of precision metal castings. Shell moulding, a process that uses resin-bonded sand, is becoming increasingly popular due to its ability to create high-precision and high-quality castings. This is primarily because of the resin's capability to withstand high temperatures, ensuring the integrity of the casting process. As industries such as automotive, aerospace, and industrial machinery demand increasingly intricate designs, the need for shell moulding resins continues to grow.
In South Korea, the automotive sector is one of the largest consumers of shell moulding resins. The country is known for its advanced automobile manufacturing, with key players like Hyundai and Kia relying heavily on shell moulding for the production of engine parts, gearbox housings, and brake components. These applications require materials that offer precision, durability, and the ability to maintain structural integrity under stress. Resin-based shell moulding solutions fit these requirements perfectly, making them indispensable in automotive casting processes.
Aerospace is another significant sector driving the demand for shell moulding resins. The need for lightweight yet strong components that can endure extreme conditions is crucial for aircraft manufacturing. Shell moulding resins are often used to produce parts like turbine blades and other engine components, where performance under heat and stress is paramount.
Beyond automotive and aerospace, industrial machinery manufacturing is also driving the growth of the shell moulding resin market. Heavy equipment used in construction, mining, and energy production requires complex parts that are often produced using the shell moulding process. The market for shell moulding resins in South Korea is expected to continue expanding as industries increasingly prioritize quality, precision, and cost-effectiveness in their production processes.
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Omnidex Group
Sumitomo Bakelite Co.
Ltd.
Eurobalt Grupp
Novacast Ltd
Impro Precision Industries Limited
Cylex Engineering Plastics Limited
Qingdao Rinborn Machinery Co.
Ltd
Guangzhou Ning E-plastics Co.Ltd
O-Yang Product Co.
Ltd
BAKELITE SYNTHETICS
Millborn Switchgears Pvt. Ltd
Noves Electronics Co.
Ltd
KayDee Corporation
TECHNOPLAST
PRISM INDUSTRIES
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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 South Korea Shell Moulding Resin Market
Phenolic Resin
Furan Resin
Epoxy Resin
Polyester Resin
Automotive Parts Manufacturing
Industrial Equipment
Consumer Goods
Aerospace Components
Aerospace
Construction
Electrical & Electronics
Manufacturing
Ready-to-Use Formulations
Custom Formulations
Pre-mixed Resins
Dump Moulding
Cold Box Process
Hot Box Process
V-Process
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Shell Moulding Resin 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. South Korea Shell Moulding Resin Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Shell Moulding Resin Market, By Type
6. South Korea Shell Moulding Resin Market, By Application
7. South Korea Shell Moulding Resin Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Shell Moulding Resin Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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