In 2023, the production of prepared binders for foundry moulds or cores in Germany stood at a higher level compared to the forecasted values for 2024-2028. Starting in 2024, a steady decline is projected, with volumes decreasing year-on-year. By 2028, production is expected to decrease to 579.05 million kilograms, showcasing a consistent downward trend in production.
This results in a year-on-year contraction from 2024 onwards, with an average Compound Annual Growth Rate (CAGR) displaying a negative trajectory over the forecasted years.
Future trends to watch for include potential technological advancements, shifts in the automotive and construction industries, and environmental regulations impacting production methods and demand for materials.
