In 2023, Germany led the European market for prepared binders in foundry moulds and cores, accounting for over 30% of production, despite a slight decline of 1.77% from the previous year. Italy and Spain followed, with Italy showing a modest growth of 0.69%, whereas Spain faced a notable decrease of 5.46%. Poland and France both experienced growth, with increases of 2.42% and 1.1%, respectively. Meanwhile, Denmark showed a significant rise of 17.46%, and Greece improved by 11.33%. Notwithstanding these positive trends, countries like Norway and Portugal saw contractions, with rates of -12.73% and -20.98%, respectively.
Looking ahead, the European market for prepared binders is expected to remain competitive, with key players like Germany and Italy maintaining substantial shares. Growth in developing markets such as Poland could shape the industry's landscape. Monitoring innovation in sustainable binder solutions and shifts in industrial activity across Europe will be pivotal for understanding future production dynamics in the region.
Top countries in Sold Production of Prepared Binders for Foundry Moulds or Cores Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 30.87 | 2023 | -1.14% | -1.77% | View data |
| 2 | 2 Italy | 20.16 | 2023 | +8.77% | +0.69% | View data |
| 3 | 3 Spain | 12.04 | 2023 | +2.75% | -5.46% | View data |
| 4 | 4 Poland | 8.44 | 2023 | +3.14% | +2.42% | View data |
| 5 | 5 France | 8.09 | 2023 | +2.24% | +1.1% | View data |
| 6 | 6 Belgium | 6.11 | 2023 | +0.0094% | View data | |
| 7 | 7 United Kingdom | 5.05 | 2023 | +0.069% | -0.7% | View data |
| 8 | 8 Sweden | 2.19 | 2023 | +12.98% | View data | |
| 9 | 9 Slovakia | 1.76 | 2023 | +1.77% | -2.96% | View data |
| 10 | 10 Denmark | 1.71 | 2023 | +1.53% | +17.46% | View data |
