What is Global Cold Box Resin Casting Market?
The Global Cold Box Resin Casting Market is a specialized sector within the larger casting industry. It refers to the use of cold box resin, a type of binder, in the casting process. The casting process involves pouring liquid metal into a mold, which then hardens to form a specific shape. The cold box resin is used to bind the sand in the mold, ensuring that it retains its shape during the casting process. This method is particularly popular due to its high productivity, excellent dimensional accuracy, and the ability to cast intricate shapes. The global market for this product is significant, with a value of US$ 795 million in 2022. It is projected to grow at a compound annual growth rate (CAGR) of 4.8% from 2023 to 2029, reaching a value of US$ 1108.1 million.
Phenolic Urethane Cold Box Binder (PUCB), Phenollc Ester Cold Box (PECB) Binder, Others in the Global Cold Box Resin Casting Market:
The Global Cold Box Resin Casting Market is segmented based on the type of binder used. These include Phenolic Urethane Cold Box Binder (PUCB), Phenolic Ester Cold Box (PECB) Binder, and others. PUCB is a two-part system that offers excellent dimensional stability and high productivity. It is particularly suited for producing large cores and molds. PECB, on the other hand, is a single-part system that offers excellent shakeout and high hot strength. It is ideal for producing small to medium-sized cores and molds. The choice of binder depends on the specific requirements of the casting process. The leading companies in this market are ASK Chemicals, HA-International, and Vesuvius Group, which collectively hold a market share of close to 50%.
Cast Iron Casting, Steel Casting, Aluminum Casting, Others in the Global Cold Box Resin Casting Market:
The Global Cold Box Resin Casting Market finds its applications in various areas such as Cast Iron Casting, Steel Casting, Aluminum Casting, and others. Cast Iron Casting is the dominant application, accounting for more than 60% of the market share. This is because cast iron has excellent fluidity, which makes it ideal for casting intricate shapes. Furthermore, the use of cold box resin ensures that the mold retains its shape during the casting process, resulting in high-quality castings. Steel Casting and Aluminum Casting also make use of cold box resin, although to a lesser extent. The choice of metal depends on the specific requirements of the end product.
Global Cold Box Resin Casting Market Outlook:
The Global Cold Box Resin Casting Market is on a positive growth trajectory. In 2022, the market was valued at US$ 795 million. It is projected to grow at a compound annual growth rate (CAGR) of 4.8% from 2023 to 2029, reaching a value of US$ 1108.1 million. This growth is driven by the increasing demand for high-quality castings in various industries such as automotive, aerospace, and construction. The leading companies in this market are ASK Chemicals, HA-International, and Vesuvius Group, which collectively hold a market share of close to 50%. The dominant application of cold box resin casting is in Cast Iron Casting, which accounts for more than 60% of the market share.
| Report Metric | Details |
| Report Name | Cold Box Resin Casting Market |
| Accounted market size in 2022 | US$ 795 million |
| Forecasted market size in 2029 | US$ 1108.1 million |
| CAGR | 4.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | ASK Chemicals, HA-International, Vesuvius Group, Suzhou Xingye, REFCOTEC, Jinan Shengquan, Asahi Yukizai, F.lli Mazzon, Furtenbach, United Erie, Mancuso Chemicals, IVP |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
