Sand Casting Binder Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Product Type
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Introduction
Sand Casting Binders are essential chemical systems used to bond sand particles in molds and cores for metal casting, a foundational process in equipment manufacturing. Available in types like Cold Box, Furan, Phenolic, Hot Box, and Inorganic binders, they ensure mold strength, dimensional accuracy, and casting quality. The market is driven by downstream industries, with the automotive sector accounting for 25%-30% of casting demand, followed by agriculture, engineering, and mining machinery at 20%-25%, and cast pipes and fittings at 12%-15%. These binders cater to diverse needs, balancing cost, environmental impact, and performance in high-volume production.
The Sand Casting Binder market operates within the industrial materials sector, characterized by its dependence on manufacturing output and technological advancements in casting processes. China’s dominance in binder production and global casting capacity shapes market trends, with significant expansions reflecting sustained demand. The global market is projected to reach a valuation of 1.1-2.1 billion USD by 2025, with an estimated CAGR of 2.2%-4.2% through 2030, driven by steady industrial growth and shifts toward eco-friendly binders.
Regional Analysis
The market shows regional variations tied to manufacturing:
Asia Pacific: Growth is estimated at 2.5%-4.5%, with China leading due to its vast casting industry. Japan and India contribute through automotive and infrastructure demand.
North America: Projected growth ranges from 2.0%-4.0%, led by the U.S., where automotive and machinery sustain binder use.
Europe: Anticipated growth is 1.8%-3.8%, with Germany and Italy driving demand in automotive and industrial casting.
Asia Pacific dominates due to China’s scale, followed by North America and Europe.
Type Analysis
Binders vary by type, with distinct trends:
Cold Box Binder: Growth is estimated at 2.5%-4.5%. Fast-curing and widely used in automotive, it leads due to efficiency.
Furan Binder: Projected growth ranges from 2.0%-4.0%. Cost-effective for large castings, it grows steadily in industrial applications.
Phenolic Binder: Growth is anticipated at 2.0%-4.0%. Known for strength, it supports automotive and machinery demand.
Hot Box Binder: Expected growth is 1.8%-3.8%, used in high-temperature processes with moderate growth.
Inorganic Binder: Growth ranges from 2.5%-4.5%. Eco-friendly and gaining traction, it grows with sustainability trends.
Cold Box and Inorganic binders lead due to efficiency and environmental appeal.
Key Market Players
Key producers include:
ASK Chemicals: A global leader, it supplies advanced binders for casting.
Kao: A Japanese firm, it serves automotive and industrial markets.
Vesuvius: A UK-based company, it focuses on high-performance binders.
Hüttenes-Albertus: A German producer, it targets European casting needs.
Refcotec: A U.S. firm, it supports regional manufacturing.
Jinan Shengquan Group: With over 100,000 tons capacity, it dominates in China.
Suzhou Xingye Materials Technology: At 82,000 tons, it serves China’s casting sector.
Zhejiang Tianqi New Materials Technology Co. Ltd.: With 30,000 tons (expanding by 50,000), it targets regional growth.
Porter’s Five Forces Analysis
Threat of New Entrants: Low. High technical and capital barriers deter entry.
Threat of Substitutes: Moderate. Alternative casting methods compete, but sand casting’s cost-effectiveness prevails.
Bargaining Power of Buyers: High. Large manufacturers demand quality and price competitiveness.
Bargaining Power of Suppliers: Moderate. Resin and chemical suppliers hold some leverage.
Competitive Rivalry: High. Players compete on innovation and capacity.
Market Opportunities and Challenges
Opportunities:
Automotive growth in Asia boosts binder demand.
Shift to Inorganic binders aligns with sustainability goals.
Capacity expansions signal strong industrial prospects.
Challenges:
Competition from alternative casting technologies pressures binder use.
Environmental regulations increase production costs.
Economic cycles in manufacturing affect demand stability.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Sand Casting Binder Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Sand Casting Binder by Region
8.2 Import of Sand Casting Binder by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Sand Casting Binder Market in North America (2020-2030)
9.1 Sand Casting Binder Market Size
9.2 Sand Casting Binder Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Sand Casting Binder Market in South America (2020-2030)
10.1 Sand Casting Binder Market Size
10.2 Sand Casting Binder Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Sand Casting Binder Market in Asia & Pacific (2020-2030)
11.1 Sand Casting Binder Market Size
11.2 Sand Casting Binder Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Asean
11.5.6 Australia
Chapter 12 Historical and Forecast Sand Casting Binder Market in Europe (2020-2030)
12.1 Sand Casting Binder Market Size
12.2 Sand Casting Binder Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Sand Casting Binder Market in MEA (2020-2030)
13.1 Sand Casting Binder Market Size
13.2 Sand Casting Binder Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Sand Casting Binder Market (2020-2030)
14.1 Sand Casting Binder Market Size
14.2 Sand Casting Binder Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Sand Casting Binder Market Forecast (2021-2026)
15.1 Sand Casting Binder Market Size Forecast
15.2 Sand Casting Binder Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 ASK Chemicals
15.1.1 Company Profile
15.1.2 Main Business and Sand Casting Binder Information
15.1.3 SWOT Analysis of ASK Chemicals
15.1.4 ASK Chemicals Sand Casting Binder Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Kao
15.2.1 Company Profile
15.2.2 Main Business and Sand Casting Binder Information
15.2.3 SWOT Analysis of Kao
15.2.4 Kao Sand Casting Binder Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Vesuvius
15.3.1 Company Profile
15.3.2 Main Business and Sand Casting Binder Information
15.3.3 SWOT Analysis of Vesuvius
15.3.4 Vesuvius Sand Casting Binder Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 Hüttenes-Albertus
15.4.1 Company Profile
15.4.2 Main Business and Sand Casting Binder Information
15.4.3 SWOT Analysis of Hüttenes-Albertus
15.4.4 Hüttenes-Albertus Sand Casting Binder Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 Refcotec
15.5.1 Company Profile
15.5.2 Main Business and Sand Casting Binder Information
15.5.3 SWOT Analysis of Refcotec
15.5.4 Refcotec Sand Casting Binder Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 Jinan Shengquan Group
15.6.1 Company Profile
15.6.2 Main Business and Sand Casting Binder Information
15.6.3 SWOT Analysis of Jinan Shengquan Group
15.6.4 Jinan Shengquan Group Sand Casting Binder Sales, Revenue, Price and Gross Margin (2020-2025)
15.7 Suzhou Xingye Materials Technology
15.7.1 Company Profile
15.7.2 Main Business and Sand Casting Binder Information
15.7.3 SWOT Analysis of Suzhou Xingye Materials Technology
15.7.4 Suzhou Xingye Materials Technology Sand Casting Binder Sales, Revenue, Price and Gross Margin (2020-2025)
15.8 Zhejiang Tianqi New Materials Technology Co. Ltd
15.8.1 Company Profile
15.8.2 Main Business and Sand Casting Binder Information
15.8.3 SWOT Analysis of Zhejiang Tianqi New Materials Technology Co. Ltd
15.8.4 Zhejiang Tianqi New Materials Technology Co. Ltd Sand Casting Binder Sales, Revenue, Price and Gross Margin (2020-2025)
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Table Research Scope Of Sand Casting Binder Report
Table Data Sources Of Sand Casting Binder Report
Table Major Assumptions Of Sand Casting Binder Report
Table Sand Casting Binder Classification
Table Sand Casting Binder Applications List
Table Drivers Of Sand Casting Binder Market
Table Restraints Of Sand Casting Binder Market
Table Opportunities Of Sand Casting Binder Market
Table Threats Of Sand Casting Binder Market
Table Raw Materials Suppliers List
Table Different Production Methods Of Sand Casting Binder
Table Cost Structure Analysis Of Sand Casting Binder
Table Key End Users List
Table Latest News Of Sand Casting Binder Market
Table Merger And Acquisition List
Table Planned/Future Project Of Sand Casting Binder Market
Table Policy Of Sand Casting Binder Market
Table 2020-2030 Regional Export Of Sand Casting Binder
Table 2020-2030 Regional Import Of Sand Casting Binder
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 North America Sand Casting Binder Demand List By Application
Table 2020-2025 North America Sand Casting Binder Key Players Sales List
Table 2020-2025 North America Sand Casting Binder Key Players Market Share List
Table 2020-2030 North America Sand Casting Binder Demand List By Type
Table 2020-2025 North America Sand Casting Binder Price List By Type
Table 2020-2030 United States Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 United States Sand Casting Binder Import & Export List
Table 2020-2030 Canada Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Canada Sand Casting Binder Import & Export List
Table 2020-2030 Mexico Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Mexico Sand Casting Binder Import & Export List
Table 2020-2030 South America Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 South America Sand Casting Binder Demand List By Application
Table 2020-2025 South America Sand Casting Binder Key Players Sales List
Table 2020-2025 South America Sand Casting Binder Key Players Market Share List
Table 2020-2030 South America Sand Casting Binder Demand List By Type
Table 2020-2025 South America Sand Casting Binder Price List By Type
Table 2020-2030 Brazil Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Brazil Sand Casting Binder Import & Export List
Table 2020-2030 Argentina Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Argentina Sand Casting Binder Import & Export List
Table 2020-2030 Chile Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Chile Sand Casting Binder Import & Export List
Table 2020-2030 Peru Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Peru Sand Casting Binder Import & Export List
Table 2020-2030 Asia & Pacific Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Asia & Pacific Sand Casting Binder Demand List By Application
Table 2020-2025 Asia & Pacific Sand Casting Binder Key Players Sales List
Table 2020-2025 Asia & Pacific Sand Casting Binder Key Players Market Share List
Table 2020-2030 Asia & Pacific Sand Casting Binder Demand List By Type
Table 2020-2025 Asia & Pacific Sand Casting Binder Price List By Type
Table 2020-2030 China Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 China Sand Casting Binder Import & Export List
Table 2020-2030 India Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 India Sand Casting Binder Import & Export List
Table 2020-2030 Japan Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Japan Sand Casting Binder Import & Export List
Table 2020-2030 South Korea Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 South Korea Sand Casting Binder Import & Export List
Table 2020-2030 Southeast Asia Sand Casting Binder Market Size List
Table 2020-2030 Southeast Asia Sand Casting Binder Market Volume List
Table 2020-2030 Southeast Asia Sand Casting Binder Import List
Table 2020-2030 Southeast Asia Sand Casting Binder Export List
Table 2020-2030 Australia Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Australia Sand Casting Binder Import & Export List
Table 2020-2030 Europe Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Europe Sand Casting Binder Demand List By Application
Table 2020-2025 Europe Sand Casting Binder Key Players Sales List
Table 2020-2025 Europe Sand Casting Binder Key Players Market Share List
Table 2020-2030 Europe Sand Casting Binder Demand List By Type
Table 2020-2025 Europe Sand Casting Binder Price List By Type
Table 2020-2030 Germany Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Germany Sand Casting Binder Import & Export List
Table 2020-2030 France Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 France Sand Casting Binder Import & Export List
Table 2020-2030 United Kingdom Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 United Kingdom Sand Casting Binder Import & Export List
Table 2020-2030 Italy Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Italy Sand Casting Binder Import & Export List
Table 2020-2030 Spain Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Spain Sand Casting Binder Import & Export List
Table 2020-2030 Belgium Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Belgium Sand Casting Binder Import & Export List
Table 2020-2030 Netherlands Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Netherlands Sand Casting Binder Import & Export List
Table 2020-2030 Austria Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Austria Sand Casting Binder Import & Export List
Table 2020-2030 Poland Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Poland Sand Casting Binder Import & Export List
Table 2020-2030 Russia Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Russia Sand Casting Binder Import & Export List
Table 2020-2030 Mea Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Mea Sand Casting Binder Demand List By Application
Table 2020-2025 Mea Sand Casting Binder Key Players Sales List
Table 2020-2025 Mea Sand Casting Binder Key Players Market Share List
Table 2020-2030 Mea Sand Casting Binder Demand List By Type
Table 2020-2025 Mea Sand Casting Binder Price List By Type
Table 2020-2030 Egypt Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Egypt Sand Casting Binder Import & Export List
Table 2020-2030 Israel Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Israel Sand Casting Binder Import & Export List
Table 2020-2030 South Africa Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 South Africa Sand Casting Binder Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Sand Casting Binder Import & Export List
Table 2020-2030 Turkey Sand Casting Binder Market Size And Market Volume List
Table 2020-2030 Turkey Sand Casting Binder Import & Export List
Table 2020-2025 Global Sand Casting Binder Market Size List By Region
Table 2020-2025 Global Sand Casting Binder Market Size Share List By Region
Table 2020-2025 Global Sand Casting Binder Market Volume List By Region
Table 2020-2025 Global Sand Casting Binder Market Volume Share List By Region
Table 2020-2025 Global Sand Casting Binder Demand List By Application
Table 2020-2025 Global Sand Casting Binder Demand Market Share List By Application
Table 2020-2025 Global Sand Casting Binder Capacity List
Table 2020-2025 Global Sand Casting Binder Key Vendors Capacity Share List
Table 2020-2025 Global Sand Casting Binder Key Vendors Production List
Table 2020-2025 Global Sand Casting Binder Key Vendors Production Share List
Table 2020-2025 Global Sand Casting Binder Key Vendors Production Value List
Table 2020-2025 Global Sand Casting Binder Key Vendors Production Value Share List
Table 2020-2025 Global Sand Casting Binder Demand List By Type
Table 2020-2025 Global Sand Casting Binder Demand Market Share List By Type
Table 2020-2025 Regional Sand Casting Binder Price List
Table 2025-2030 Global Sand Casting Binder Market Size List By Region
Table 2025-2030 Global Sand Casting Binder Market Size Share List By Region
Table 2025-2030 Global Sand Casting Binder Market Volume List By Region
Table 2025-2030 Global Sand Casting Binder Market Volume Share List By Region
Table 2025-2030 Global Sand Casting Binder Demand List By Application
Table 2025-2030 Global Sand Casting Binder Demand Market Share List By Application
Table 2025-2030 Global Sand Casting Binder Capacity List
Table 2025-2030 Global Sand Casting Binder Key Vendors Capacity Share List
Table 2025-2030 Global Sand Casting Binder Key Vendors Production List
Table 2025-2030 Global Sand Casting Binder Key Vendors Production Share List
Table 2025-2030 Global Sand Casting Binder Key Vendors Production Value List
Table 2025-2030 Global Sand Casting Binder Key Vendors Production Value Share List
Table 2025-2030 Global Sand Casting Binder Demand List By Type
Table 2025-2030 Global Sand Casting Binder Demand Market Share List By Type
Table 2025-2030 Sand Casting Binder Regional Price List
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Sand Casting Binder Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Sand Casting Binder Market Size And Cagr
Figure 2020-2030 North America Sand Casting Binder Market Volume And Cagr
Figure 2020-2030 South America Sand Casting Binder Market Size And Cagr
Figure 2020-2030 South America Sand Casting Binder Market Volume And Cagr
Figure 2020-2030 Asia & Pacific Sand Casting Binder Market Size And Cagr
Figure 2020-2030 Asia & Pacific Sand Casting Binder Market Volume And Cagr
Figure 2020-2030 Europe Sand Casting Binder Market Size And Cagr
Figure 2020-2030 Europe Sand Casting Binder Market Volume And Cagr
Figure 2020-2030 Mea Sand Casting Binder Market Size And Cagr
Figure 2020-2030 Mea Sand Casting Binder Market Volume And Cagr
Figure 2020-2025 Global Sand Casting Binder Capacity Production And Growth Rate
Figure 2020-2025 Global Sand Casting Binder Production Value And Growth Rate
Figure 2025-2030 Global Sand Casting Binder Capacity Production And Growth Rate
Figure 2025-2030 Global Sand Casting Binder Production Value And Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |