Global Metal Casting Market To Record Protruding Growth With US$ 25,000.8 Million By 2028

July 2022 | Report Format: Electronic (PDF)

The metal casting industry is expected to expand during the projected period due to the increased need for effective and ultralight equipment in the automotive sector. An additional factor supporting the worldwide expansion of the metal casting industry is the increasing prominence and need for electric automobiles. Nevertheless, variable raw material costs may have an impact on business development throughout the projection. On the contrary hand, rising demand for vehicles in rapidly emerging nations like China as well as India is expected to provide substantial development prospects for the worldwide metal casting industry in the future years.

The metal casting technique has various advantages, including increased energy efficiency, cheaper manufacturing costs, improved environmental cleanliness, and the development of inventive new cast goods. Because of these benefits, it is widely employed in pipelines and connections, mines and oilfield apparatus, internal ignition motors, railways, controls, and agricultural implements, all of which rely largely on casting to produce homogeneous products. Furthermore, metal casting factories depend on recycling centers as a low-cost raw resource supply, which greatly lowers scrap iron.

Asia-Pacific had the greatest market revenue, as well as the maximum CAGR over the projection period. The continent's quick expansion is due to significant demographic expansion, industrialization, and variables such as the existence of a large volume of manufacturers, cheap labor, and expanding application categories. In recent years, China has become the greatest manufacturer and user of the casting process. Over the last several years, India has seen a tremendous surge in consumption. Furthermore, rising capacity additions in East Asia, particularly Thailand.

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Metal Casting Market Report Highlights

• Clearlake Accomplishes Purchase of Endurance International Group as well as Strategic Partnership Agreements with Web.com as well as Siris Affiliates in February 2021; Releases Establishment of Newfold Digital
• Equinor, Shell, National Grid, and Total announced new cooperation, the Northern Endurance Project (NEP), in October 2020, to create offshore carbon dioxide (CO2) transportation and storing facilities in the UK North Sea, having bp as operators.
• Tesla's planned care facility outside Berlin, Germany, would now be integrated with a variety of massive aluminum casting equipment to make simply built chassis parts by September 2020.

METAL CASTING MARKET SEGMENTATION

The research report published by Market Research Strategy contains industry segments, as below-

Metal Casting Material Outlook (Revenue, USD Million, 2017 - 2028)

• Steel
• Iron
• Aluminum
• Others

Metal Casting Application Size Outlook (Revenue, USD Million, 2017 - 2028)

• Automotive & transportation
• Industrial
• Building & construction
• Others

Metal Casting Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa

List of Key Players- Metal Casting Market

• Alcast Technologies
• Tricentis GmbH
• Ahresty Corporation
• Aisin Automotive Casting
• Dynacast
• Endurance
• Endurance Technologies Limited
• Georg Fischer Ltd.
• GF Automotive
• GIBBS
• Mino Industrial
• MINO Industry USA , Inc.
• Nemak
• Rheinmetall Automotive AG
• Ryobi Limited
• Reliance Foundry Coke Ltd

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