Coated Sand Core Market Trends and Forecast
The future of the global coated sand core market looks promising with opportunities in the medical, energy, building, industry, and manufacturing markets. The global coated sand core market is expected to reach an estimated $2.2 billion by 2030 with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are increasing demand for the lightweight and fuel-efficient vehicles and growth in the automotive and aerospace industries requiring complex casting processes.
• Lucintel forecasts that cold method is expected to witness higher growth over the forecast period.
• Within this market, energy is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Coated Sand Core Market
• United States: General Motors announced a collaboration with a leading foundry to develop advanced coated sand cores for lightweight engine components, aiming to improve fuel efficiency and reduce emissions.
• Germany: Volkswagen Group implemented a new process using coated sand cores in their foundry operations, enhancing casting precision and reducing material waste in automotive manufacturing.
• China: SAIC Motor Corporation invested in R&D for coated sand core technologies, focusing on enhancing the durability and performance of engine blocks and transmission housings for the domestic and global markets.
• India: Mahindra & Mahindra expanded their foundry capabilities with coated sand cores for complex casting applications, supporting their growth in the agricultural and automotive sectors.
• Brazil: Fiat Chrysler Automobiles (FCA) Brazil adopted advanced coated sand core solutions to optimize production efficiency and quality in their engine and transmission component manufacturing processes.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Coated Sand Core Market by Segment
The study includes a forecast for the global coated sand core market by type, application, and region.
Coated Sand Core Market by Type [Value from 2018 to 2030]:
• Cold Method
• Thermal Method
Coated Sand Core Market by Application [Value from 2018 to 2030]:
• Medical
• Energy
• Building
• Industry
• Manufacturing
Coated Sand Core Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Coated Sand Core Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies coated sand core companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the coated sand core companies profiled in this report include-
• AC Foundry
• Peninsula Light Metals
• TH Manufacturing
• Kore Mart
• Alliance Industries
• Harrison Castings
• ATEK Metal Technologies
Recent Development in the Coated Sand Core Market
• Ford introduced a new generation of coated sand cores for engine blocks, enhancing durability and reducing weight to improve vehicle fuel efficiency.
• Toyota implemented advanced coated sand core technology in their foundry operations, aiming to streamline production and improve casting quality for automotive components.
• Renault partnered with a foundry specializing in coated sand cores to develop lightweight and high-strength engine components, supporting their commitment to sustainability and vehicle performance.
• Hyundai invested in research for coated sand core applications in electric vehicle (EV) battery casing production, focusing on thermal management and safety enhancements.
• Volvo integrated coated sand cores in their foundry processes for heavy-duty truck components, improving efficiency and reliability in manufacturing durable engine parts.
Features of the Global Coated Sand Core Market
Market Size Estimates: Coated sand core market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Coated sand core market size by type, application, and region in terms of value ($B).
Regional Analysis: Coated sand core market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the coated sand core market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the coated sand core market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the coated sand core market size?
Answer: The global coated sand core market is expected to reach an estimated $2.2 billion by 2030.
Q2. What is the growth forecast for coated sand core market?
Answer: The global coated sand core market is expected to grow with a CAGR of 4.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the coated sand core market?
Answer: The major drivers for this market are increasing demand for the lightweight and fuel-efficient vehicles and growth in the automotive and aerospace industries requiring complex casting processes.
Q4. What are the major segments for coated sand core market?
Answer: The future of the coated sand core market looks promising with opportunities in the medical, energy, building, industry, and manufacturing markets.
Q5. Who are the key coated sand core market companies?
Answer: Some of the key coated sand core companies are as follows:
• AC Foundry
• Peninsula Light Metals
• TH Manufacturing
• Kore Mart
• Alliance Industries
• Harrison Castings
• ATEK Metal Technologies
Q6. Which coated sand core market segment will be the largest in future?
Answer: Lucintel forecasts that cold method is expected to witness higher growth over the forecast period.
Q7. In coated sand core market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the coated sand core market by type (cold method and thermal method), application (medical, energy, building, industry, and manufacturing), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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