Casting Liners Market Size, Trends, Share, Growth, and Opportunity Forecast, 2024 - 2031 Global Industry Analysis By Type (Clear Casting Liners, Matte Casting Liners, Gloss Casting Liners, Texture Casting Liners, Others), By Product Type (Paper-Based, and Film-Based), By End-use (Automotive, Aerospace & Defense, Marine, Medical, Construction, and Others), and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

Casting Liners Market Size, Trends, Share, Growth, and Opportunity Forecast, 2024 - 2031 Global Industry Analysis By Type (Clear Casting Liners, Matte Casting Liners, Gloss Casting Liners, Texture Casting Liners, Others), By Product Type (Paper-Based, and Film-Based), By End-use (Automotive, Aerospace & Defense, Marine, Medical, Construction, and Others), and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)
Region: Global
Published: June 2024
Report Code: CGNHEG760
Pages: 218

The Global Casting Liners Market was valued at USD 1.81 Billion in 2023 and is anticipated to reach a value of USD 2.63 Billion by 2031 expanding at a CAGR of 4.9% between 2024 and 2031.

Casting liners are used in many industries that requires a reliable working surface to cast their products for curing or solidification. Coating liners are available in both paper and film bases on a variety of various coatings with a low transfer and low extractable release. These liners serve various essential functions, enhancing grinding efficiency, extending equipment operational lifespan, and protecting the interior of the mill shell. The demand for casting liners is increasing rapidly due to growth in end-use industries that utilizing casing processes. Casting liners work as a carrier film for various coatings. Based on type, the market is classified into clear casting liners, matte casting liners, gloss casting liners, texture casting liners, among others. The market is influenced by factors such as growing use in end-use industries, industrialization and infrastructure development, rising demand from automotive sector, and growth of furniture industry. The casting liners market serves both automotive, aerospace & defense, marine, medical, construction, and others businesses.

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Casting Liners Market Major Driving Forces

Growing Use in End-Use Industries: The casting liners market growth is being driven by widespread use of casting liners in end-use industries. Increasing use of casting liners in industries, including automotive, aerospace, defense, marine, construction, and marine among others contributing to the overall market growth.

Industrialization and Infrastructure Development: The rapid industrialization and infrastructure development especially in emerging economies are driving demand for high-quality casting liners. The rapidly growing construction industry is influencing the demand for casting liners.

Rising Demand from Automotive Sector: The increasing demand for casting liners from automotive industry is a significant driver of the market growth. Increased automobile production and sales, particularly in emerging regions is fueling the demand for casting liners to ensure high-quality vehicle production.

Growth of Furniture Industry: The significant growth of the furniture industry with rising demand for modern furnishing products is boosting the demand for casting liners. The growing need for durable, high-quality, and aesthetically pleasing furnishing products drives adoption of advanced casting liner in manufacturing processes. 

Casting Liners Market Key Opportunities

Shift Towards Advanced Materials: The growing shift towards advanced materials such as ceramic, metal-ceramic composites, and metal alloy is expected to create significant opportunities for market growth. These materials provide enhanced durability, thermal stability, and resistance to wear and corrosion, making them preferred choice for use in high-demand applications.

Focus on Sustainability: The increasing focus on sustainable and environmentally friendly liner materials provide an opportunity for manufacturers to develop sustainable solutions. Manufacturers can capitalize on this trend by using recycled, organic, and energy-efficient materials or offering casting liners with responsible sourcing and production.

Modernization of the Foundry Industry: The modernization of the foundry industry is anticipated to present opportunities for market expansion. Most foundry industries are prioritizing automated molding for melting, and continuous casting for chemical sand binding. The ongoing modernization of foundry industry, integrating advanced technologies and environmentally friendly processes.  

Casting Liners Market Key Trends

·         The significant growth in the automobile sector is the key factor driving casting liners market growth

·         Growing preference for lightweight materials in automotive, aerospace, and other industries

·         Ongoing modernization of the foundry industry is the primary trend shaping the casting liners market growth

·         Rising environmental concerns have encouraged manufacturers to develop sustainable solutions by utilizing sustainable materials and production practices

·         The increasing demand for modern furnishing products is driving the demand for casting liners

·         Ongoing technological advancements in materials, and manufacturing processes have led to the development of advanced and improved casting liners

·         The rapid industrialization and infrastructure development are driving demand for high-quality casting liners

Region-wise Market Insights

Asia Pacific accounted for the largest market share at 36.3% in 2023 whereas, Asia Pacific is expected to register the fastest growth, expanding at a CAGR of 5.1% between 2024 and 2031.

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The market in the Asia Pacific region accounted for the largest market share and is predicted to grow significantly during forecast period. In Asia Pacific, the market is characterized by the rapid industrialization and significant infrastructure development, growth in construction activities, increased automobile production, and growth of manufacturing industries. In North America, the demand is driven by a robust presence of the end-use industries, strong presence of leading manufacturers, and strong emphasis on technological innovation in the region. Europe emphasizes on eco-friendly and sustainable materials for casting liners. The Middle East and Africa has been witnessing a growing demand for casting liners due to increasing investments in industrial infrastructure, and growth of end-use industries whereas, in South America, the market is influenced by economic factors, with rapid industrialization and infrastructure development.

Market Competition Landscape

The global casting liners market is consolidated with the presence of well-established manufacturers operating in the industry. Key players in the casting liners market engage in strategies aimed at gaining a competitive edge. These strategies include product innovation, design differentiation, and the incorporation of sustainable and eco-friendly materials to meet evolving consumer preferences. Established brands leverage their reputation for quality and reliability to maintain market share, while newer entrants focus on disruptive innovations and unique selling propositions.

Key players in the global casting liners market implement various organic and inorganic strategies to strengthen and improve their market positioning. Prominent players in the market include:

·         Mondi Group

·         The Griff Network

·         Saint-Gobain S.A.

·         GC EUROPE A.G.

·         Jiande Xingming Special Casting Co., Ltd.

·         Hitachi Ltd.

·         Norican Group

Report Attribute/Metric

Details

Market Revenue in 2023

USD 1.81 Billion

Market Revenue in 2031

USD 2.63 Billion

CAGR (2024 – 2031)

4.9%

Base Year

2023

Forecast Period

2024 – 2031

Historical Data

2019 to 2023

Forecast Unit

Value (US$ Mn)

Key Report Deliverable

Revenue Forecast, Growth Trends, Market Dynamics, Segmental Overview, Regional and Country-wise Analysis, Competition Landscape

Segments Covered

·   By Type (Clear Casting Liners, Matte Casting Liners, Gloss Casting Liners, Texture Casting Liners, Others)

·   By Product Type (Paper-Based, and Film-Based)

·   By End-use (Automotive, Aerospace & Defense, Marine, Medical, Construction, and Others)

Geographies Covered

North America: U.S., Canada and Mexico

Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe

Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific

South America: Brazil, Argentina, and Rest of Latin America

Middle East & Africa:  GCC Countries, South Africa, and Rest of Middle East & Africa

Key Players Analyzed

Mondi Group,The Griff Network,Saint-Gobain S.A.,GC EUROPE A.G.,Jiande Xingming Special Casting Co., Ltd.,Hitachi Ltd., and Norican Group

Customization & Pricing

Available on Request (10% Customization is Free)

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