Foundry Chemicals Market

By Product Type;

Binders, Additives, Coatings, Release Agents and Others

By Foundry Process;

Sand Casting, Investment Casting, Die Casting, Centrifugal Casting and Others

By Application;

Automotive, Industrial Machinery, Aerospace & Defense, Construction, Consumer Products and Others

By End-Use Industry;

Automotive, Industrial Machinery, Aerospace & Defense, Construction, Consumer Products and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn160304342 Published Date: September, 2025 Updated Date: November, 2025

Foundry Chemicals Market Overview

Foundry Chemicals Market (USD Million)

Foundry Chemicals Market was valued at USD 2,069.28 million in the year 2024. The size of this market is expected to increase to USD 2,442.98 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 2.4%.


Foundry Chemicals Market

*Market size in USD million

CAGR 2.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)2.4 %
Market Size (2024)USD 2,069.28 Million
Market Size (2031)USD 2,442.98 Million
Market ConcentrationHigh
Report Pages358
2,069.28
2024
2,442.98
2031

Major Players

  • BASF
  • Ashland
  • Saint-Gobain
  • Dow Inc
  • LANXESS
  • Hexion Inc
  • SGL Carbon
  • The Chemours Company
  • Albemarle Corporation
  • Henkel AG & Co. KGaA

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Foundry Chemicals Market

Fragmented - Highly competitive market without dominant players


The Foundry Chemicals Market is evolving with rising adoption of advanced materials that enhance casting quality and durability. The shift toward specialized binders, coatings, and additives has improved efficiency while reducing defects. Adoption of innovative chemical solutions has grown by over 35%, highlighting industries’ focus on cost-effectiveness and precision.

Key Drivers Accelerating Growth
Growing emphasis on lightweight manufacturing and sustainable production continues to drive market growth. About 40% of industries are moving toward environmentally safe foundry chemicals, supporting lower emissions and improved worker safety. These advancements are fueling consistent demand across industrial casting applications.

Advancements Strengthening Market Adoption
Breakthroughs in resin-based formulations, hybrid additives, and advanced refractory coatings are pushing adoption forward. Close to 45% of industrial uses now include these solutions to improve casting durability and surface precision. This has reduced scrap rates and optimized operational workflows, strengthening long-term adoption.

Impact on Industrial Efficiency
The integration of high-performance chemical compositions is helping foundries achieve scalable, reliable production cycles. Nearly 50% of operations report higher efficiency and reduced waste due to advanced chemical systems. This efficiency aligns with industry-wide goals for productivity and sustainability.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Foundry Process
    3. Market Snapshot, By Application
    4. Market Snapshot, By End-Use Industry
    5. Market Snapshot, By Region
  4. Foundry Chemicals Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing semiconductor industry demand
        2. Advancements in material science
        3. Increasing electronic device production
        4. Rising investments in R&D
      2. Restraints
        1. High production costs
        2. Regulatory and environmental concerns
        3. Supply chain disruptions
        4. Limited availability of raw materials
      3. Opportunities
        1. Emerging markets expansion
        2. Innovations in chemical formulations
        3. Growing IoT and AI adoption
        4. Sustainable and eco-friendly solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Foundry Chemicals Market, By Product Type, 2021 - 2031 (USD Million)
      1. Binders
      2. Additives
      3. Coatings
      4. Release Agents
      5. Others
    2. Foundry Chemicals Market, By Foundry Process, 2021 - 2031 (USD Million)
      1. Sand Casting
      2. Investment Casting
      3. Die Casting
      4. Centrifugal Casting
      5. Others
    3. Foundry Chemicals Market, By Application, 2021 - 2031 (USD Million)
      1. Automotive
      2. Industrial Machinery
      3. Aerospace & Defense
      4. Construction
      5. Consumer Products
      6. Others
    4. Foundry Chemicals Market, By End-Use Industry, 2021 - 2031 (USD Million)
      1. Automotive
      2. Industrial Machinery
      3. Aerospace & Defense
      4. Construction
      5. Consumer Products
      6. Others
    5. Foundry Chemicals Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF SE
      2. Huntsman Corporation
      3. Clariant International Ltd.
      4. Solvay S.A.
      5. Lanxess AG
      6. Evonik Industries
      7. Michelman, Inc.
      8. Arkema S.A.
      9. Foseco (Vesuvius Group)
      10. Dow Inc.
      11. Heraeus Holding GmbH
      12. W.R. Grace & Co.
      13. Valtronic Technologies Inc.
      14. Vesuvius Plc
      15. Refractory Minerals
  7. Analyst Views
  8. Future Outlook of the Market