Dry Coated Sand Market Trends and Forecast
The future of the global dry coated sand market looks promising with opportunities in the casting and oil & gas extraction markets. The global dry coated sand market is expected to grow with a CAGR of 7.2% from 2024 to 2030. The major drivers for this market are increasing demand from foundry applications for higher casting precision, growing adoption in automotive and aerospace industries for lightweight components, and advancements in resin technology enhancing sand performance and efficiency.
• Lucintel forecasts that cold lamination process is expected to witness higher growth over the forecast period.
• Within this market, casting is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Dry Coated Sand Market
• United States: Major firms like Fairmount Santrol announced increased R&D investments to enhance product quality and sustainability targets, supported by government incentives for green technologies.
• India: Companies like Mangal Minerals expanded production capacities to meet rising demand, leveraging government-backed infrastructure initiatives promoting local manufacturing.
• China: Key players such as Xinyi Group launched new dry coated sand variants, aligning with national goals for industrial innovation and efficiency improvements in the foundry sector.
• Germany: Foundry GmbH set ambitious targets for carbon footprint reduction, supported by government subsidies for eco-friendly manufacturing processes and materials.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Dry Coated Sand Market by Segment
The study includes a forecast for the global dry coated sand market by type, application, and region.
Dry Coated Sand Market by Type [Value from 2018 to 2030]:
• Cold Lamination Process
• Thermal Lamination Process
Dry Coated Sand Market by Application [Value from 2018 to 2030]:
• Casting
• Oil & Gas Extraction
• Others
Dry Coated Sand Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Dry Coated Sand 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 dry coated sand companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the dry coated sand companies profiled in this report include-
• HA-International
• Covia
• Kore Mart
• Mangal Minerals
• Hüttenes-Albertus
• Namgwang Casting Materials
• Tochu
Recent Development in the Dry Coated Sand Market
• Fairmount Santrol Holdings Inc.: Fairmount Santrol announced a strategic partnership with a leading automotive manufacturer to supply dry coated sand for lightweight component casting, aiming to enhance vehicle fuel efficiency.
• Sibelco NV: Sibelco NV introduced a new range of dry coated sands tailored for high-performance foundry applications, targeting improved casting quality and reduced scrap rates.
• Bathgate Silica Sand Ltd.: Bathgate Silica Sand Ltd. expanded its production capacity of dry coated sands at its European facility, responding to growing demand from the aerospace industry for precision casting applications.
• U.S. Silica Holdings, Inc.: U.S. Silica Holdings, Inc. launched an innovative dry coating technology that reduces resin consumption in foundry operations by up to 15%, promoting sustainability in manufacturing processes.
• Tochu Corporation: Tochu Corporation collaborated with a major construction firm to develop environmentally friendly dry coated sand solutions for infrastructure projects, emphasizing durability and eco-compatibility.
Features of the Global Dry Coated Sand Market
Market Size Estimates: Dry coated sand market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Dry coated sand market size by type, application, and region in terms of value ($B).
Regional Analysis: Dry coated sand 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 dry coated sand market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the dry coated sand market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for dry coated sand market?
Answer: The global dry coated sand market is expected to grow with a CAGR of 7.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the dry coated sand market?
Answer: The major drivers for this market are increasing demand from foundry applications for higher casting precision, growing adoption in automotive and aerospace industries for lightweight components, and advancements in resin technology enhancing sand performance and efficiency.
Q3. What are the major segments for dry coated sand market?
Answer: The future of the dry coated sand market looks promising with opportunities in the casting and oil & gas extraction markets.
Q4. Who are the key dry coated sand market companies?
Answer: Some of the key dry coated sand companies are as follows:
• HA-International
• Covia
• Kore Mart
• Mangal Minerals
• Hüttenes-Albertus
• Namgwang Casting Materials
• Tochu
Q5. Which dry coated sand market segment will be the largest in future?
Answer: Lucintel forecasts that cold lamination process is expected to witness higher growth over the forecast period.
Q6. In dry coated sand 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.
Q7. 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 dry coated sand market by type (cold lamination process and thermal lamination process), application (casting, oil & gas extraction, and others), 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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