Asia-Pacific: Prepared Binders Market 2025

Prepared Binders Market Size in Asia-Pacific

In 2021, the Asia-Pacific prepared binders market decreased by -0.3% to $X, falling for the third year in a row after seven years of growth. In general, consumption, however, recorded a resilient expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Prepared Binders Production in Asia-Pacific

In value terms, prepared binders production stood at $X in 2021 estimated in export price. In general, production, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 30% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Prepared Binders Exports

Exports in Asia-Pacific

In 2021, the amount of prepared binders for foundry moulds or cores exported in Asia-Pacific surged to X tons, rising by 35% against the year before. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +31.8% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared binders exports skyrocketed to $X in 2021. Total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) and China (X tons) were the main exporters of prepared binders for foundry moulds or cores in 2021, recording near 33% and 32% of total exports, respectively. Thailand (X tons) ranks next in terms of the total exports with a 12% share, followed by South Korea (8.3%) and Taiwan (Chinese) (5.5%). Indonesia (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +42.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest prepared binders supplier in Asia-Pacific, comprising 47% of total exports. The second position in the ranking was held by India ($X), with a 16% share of total exports. It was followed by Thailand, with a 15% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +3.4%. In the other countries, the average annual rates were as follows: India (+4.4% per year) and Thailand (+9.4% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, rising by 14% against the previous year. In general, the export price, however, continues to indicate a slight downturn. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+4.8%), while the other leaders experienced more modest paces of growth.

Prepared Binders Imports

Imports in Asia-Pacific

After two years of decline, supplies from abroad of prepared binders for foundry moulds or cores increased by 26% to X tons in 2021. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 53% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, prepared binders imports soared to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India was the largest importing country with an import of around X tons, which resulted at 42% of total imports. It was distantly followed by Indonesia (X tons), Vietnam (X tons) and Pakistan (X tons), together comprising a 32% share of total imports. The following importers - South Korea (X tons), Thailand (X tons), China (X tons), Bangladesh (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons), Australia (X tons) and Japan (X tons) - together made up 22% of total imports.

India was also the fastest-growing in terms of the prepared binders for foundry moulds or cores imports, with a CAGR of +26.4% from 2012 to 2021. At the same time, Pakistan (+26.1%), Vietnam (+21.7%), Taiwan (Chinese) (+12.2%), Bangladesh (+11.8%), China (+7.1%), South Korea (+5.9%), Indonesia (+4.8%) and Thailand (+4.7%) displayed positive paces of growth. By contrast, Australia (-8.6%), Malaysia (-10.6%) and Japan (-12.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India, Vietnam and Pakistan increased by +31, +6.6 and +3.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Indonesia ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 60% share of total imports.

Among the main importing countries, India, with a CAGR of +15.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, growing by 5.5% against the previous year. Over the period under review, the import price, however, saw a perceptible curtailment. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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