The worldwide market for Iron Casting [Ferrous Castings] is expected to grow at a CAGR of roughly -1.9% over the next five years, will reach 7590 million US$ in 2024, from 8530 million US$ in 2019, according to a new study.
Pune, India – February 26, 2019 /MarketersMedia/ —
Casting is a process in which a liquid metal is somehow delivered into a mold that contains a hollow cavity of the intended shape. The metal and mold are then cooled, and the metal part (the casting) is extracted. Casting is most often used for making complex shapes that would be difficult or uneconomical to make by other methods.
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The report includes Different parts, dealing with:
Basic information
Iron Casting [Ferrous Castings] industry analysis
Market entry and investment feasibility analysis
Report conclusion.
The Major Key Players Coverage (Sales data, Main Products & Services etc.):
Waupaca Foundry
AAM(Grede Holdings)
Neenah Foundry
Metal Technologies
Cifunsa
Wescast Industries
INTAT Precision
Chassix
Aarrowcast
Cadillac Casting
Rochester Metal Products
Goldens’Foundry
Global Iron Casting [Ferrous Castings] Industry is spread across 138 pages, profiling 18 companies and supported with tables and figures.
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Product Type Coverage (Market Size & Forecast, Major Business of Product Type etc.):
Gray Iron Castings
Ductile Iron Castings
Others
Product Applications (Industry Size & Forecast, Consumer Distribution):
Machinery & Equipment
Automotive
Pipe & Fitting
Valves, Pumps & Compressors
Rail
Others
Scope of the Report:
Cast iron is a family of metals produced by smelting metal, and then pouring it into a mold. The primary difference in production between wrought iron and cast iron is that cast iron is not worked with hammers and tools. There are also differences in composition cast iron contains 2 4% carbon and other alloys, and 1 3% of silicon, which improves the casting performance of the molten metal.
Small amounts of manganese and some impurities like sulfur and phosphorous may also be present. Differences between wrought iron and cast iron can also be found in the details of chemical structure and physical properties.
Due to the presence of carbon in cast iron, it may sometimes be confused with steel. However, there are significant differences. Steel contains less than 2% carbon, which enables the final product to solidify in a single microcrystalline structure. The higher carbon content of cast iron means that it solidifies as a heterogeneous alloy, and therefore has more than one microcrystalline structure present in the material
Global market for Iron Casting is driven by growing manufacturing activity, particularly rising automobile parts production in developing markets. Growth in the market is driven by regional powerhouses, China and India, which continue to witness steady increases in outsourced manufacturing activity.
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The leading companies own the advantages on better performance, more abundant product s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
This report focuses on the Iron Casting [Ferrous Castings] in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application
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Source: MarketersMedia
Release ID: 486168
