Resins for Foundry Market size was valued at USD 2.5 Billion in 2024 and is projected to reach USD 3.7 Billion by 2033, exhibiting a CAGR of 4.8% from 2026 to 2033.
The global Resins for Foundry Market was valued at approximately USD 4.6 billion in 2022, with an expected compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. The increasing demand for foundry resins across various end use industries such as automotive, aerospace, and construction is driving market growth. The rapid expansion of the manufacturing sector in emerging economies and the growing demand for high performance foundry products are key factors propelling the markets expansion. Furthermore, the shift towards more eco friendly and sustainable resin solutions is creating new growth avenues. In terms of regional analysis, North America dominated the market in 2022, accounting for over 35% of the global market share, primarily driven by robust demand in the U.S. automotive and aerospace industries. In addition to North America, the Asia Pacific (APAC) region is expected to witness the highest growth rate, with a CAGR of 6.3% during the forecast period. This growth is driven by the rapid industrialization and expansion of the automotive and construction industries, particularly in countries like China and India. Europe and Latin America are also anticipated to contribute significantly to market growth, with Europe focusing on innovations in resin technologies and Latin America benefiting from a rising demand for foundry products in automotive manufacturing. The Middle East and Africa region is witnessing moderate growth, driven by increasing investments in infrastructure development. Opportunities for market players lie in the development of low emission resins and the adoption of advanced foundry processes to meet environmental regulations and cost efficiency demands.
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ASK Chemicals
Hüttenes-Albertus
Jinan Shengquan Group
Sumitomo Bakelite
Vesuvius
Suzhou Xingye Materials Technology
Metadynea
Chang Chun Group
Fenolit
Forace Group
IVP Limited
Kao Chemicals
Asahi Yukizai
Gun Ei Chemical Industry
Prefere Resins
Kolon Industries
LERG SA
Kuentek Cashew
Hindusthan Adhesive & Chemicals
Mancuso Chemicals
Resitan
Plastics Engineering Company
Anli Electronic Materials
Wuhan Lifa Chemical
Xuzhou Shengan Chemical Technology
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 Resins for Foundry Market
Furan Resins
Phenolic Resins
Urethane Resins
Silica-based Resins
Epoxy Resins
Polyurethane Resins
Cold Box Process
Shell Mold Process
Heat-setting Process
CO2 Process
Metal Casting
Non-metal Casting
Sand Core Formation
Aerospace & Defense
Automotive
Heavy Machinery
Energy & Power
Marine
Building & Construction
Art & Sculpture
3D Printing
Traditional Sand Casting
Investment Casting
Die Casting
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 Resins for Foundry 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 Resins for Foundry Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Resins for Foundry Market, By Type
6. Global Resins for Foundry Market, By Application
7. Global Resins for Foundry Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Resins for Foundry Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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