Global Metal Casting Market: Industry Analysis and Forecast (2020-2026) –

Global Metal Casting Market was valued at US$ XX Bn. in 2019 and is expected to reach US$ 40.21 Bn. by 2026, at a CAGR of 8.55% during a forecast period.

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Global Metal Casting Market Overview:

Metal casting is the process in which high-temperature liquid or molten metal is poured into a mould made of metal, sand, or ceramic, to form geometrically composite parts. The metal casting industry plays an important role in all the major industries of our economy. There are castings in aircraft, cars trucks, factories, homes and schools some metal parts.

Generally, the global market for metal casting is driven by the growing demand for metals like magnesium and aluminum in the major end-use sectors such as aerospace and defense, automotive, and building and construction. The demand for aluminum is rising at a substantial rate owing to its excellent assets for instance insubstantial, high potency-to-weight ratio, corrosion challenge, ductility, recyclability and thermal and electrical conductivity.
Moreover, the expanding sale and production of automobiles, coupled with the growth of the automotive sector, is expected to drive the demand for different metals, mainly aluminum, which is projected to drive the growth of the global metal casting market during 2020-2026.

The growing demand for aluminum metal casting thanks to its lightweight and low cost is expected to provide attractive opportunities to the metal casting market during the forecast period. On the other hand, rusting of zinc and iron metal castings is estimated to be one of the major restraints of the metal casting market globally.
Global Metal Casting Market Segmentation:

By material type, the cast iron segment is expected to grow at the largest CAGR of nearly 9.51% during the forecast period. A major portion of the demand in the cast iron segment is expected to come from developing markets, particularly from the construction, automotive, and oil & gas industry. Finished casting products are probable to remain a significant area for investors.

According to the World Foundry Organization, the iron casting production volume increased by 0.8% in 2017 compared to 2016. It was nearly 156.58 kilotons in 2017. The production of ductile iron and grey iron metal products in 2016 and 2017 witnessed a growth rate of 1.3% and 1.1%, respectively.

Based on process, the sand casting segment dominated the market, with market size of US$ XX Bn. in 2019 owing to its major use in the production of various automobile components including engine blocks, impellers, manifolds, support beams, machine tool bases, valves, cylinder heads, and pump housings. Likewise, the MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the metal casting market size.
Global Metal Casting Market Regional Analysis

In 2020, APAC dominated the metal casting market with market size of US$ XX billion thanks to the presence of various casting foundries, availability of raw materials, well-established manufacturing facilities, and growing product consumption in the major end-use sector in Asia. Supportive government enterprises to boost the regional automotive and construction industry coupled with heavy private & public investments in the region will positively impact product usage in the APAC.

Global Metal Casting Market 1
China Captures Major APAC Metal Casting Market Share

Increasing income levels and the growing population in China are driving the metal casting market demand from end-use industries like automotive and construction. As per the International Energy Agency (IEA), the sales of PHEV and BEV in China climbed by 30% and 75%, respectively in 2015 and 2016. China was a major consumer and producer within the region. Production units in China were recorded at 49,400 kilotons (KT).
The U.S Metal Casting Market:

• The total U.S. tonnage of castings produced in the U.S. is 10.7 million in 2017.
• The total value of all castings projected to be produced in the U.S. in 2021is $47.3 billion.
• Approximately 490,000 people employed by the U.S. metal casting industry.
• 90 % of all manufactured goods contain some metal castings.
Impact of COVID-19 on the Global Metal Casting Market:

The COVID-19 pandemic is having a major impact on the global metal casting industry. Demand for the product is suffering severe shocks across many end-use markets, global supply chains are upset, and the competitive order of producers/manufacturers has witnessed a change. The shortage of demand has fast-tracked the worldwide chemical industry into an oversupply situation. Movement limits appear to be an immediate and direct effect, and once the required social distancing ends, it is likely things would get back to usual conditions.

Global Metal Casting Market 2

The objective of the report is to present a comprehensive analysis of the Global Metal Casting Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Metal Casting Market dynamics, structure by analyzing the market segments and project the Global Metal Casting Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Metal Casting Market make the report investor’s guide.
Scope of the Global Metal Casting Market:
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Global Metal Casting Market, by Process

• Gravity Casting
• High-Pressure Die Casting (HPDC)
• Low-Pressure Die Casting (LPDC)
• Sand Casting
Global Metal Casting Market, by Material Type

• Aluminum
• Cast iron
• Magnesium
• Zinc
• Others
Global Metal Casting Market, by Application

• Body Assemblies
• Engine Parts
• Transmission Parts
Global Metal Casting Market, by Vehicle Type

• Passenger Car
• HCV
Global Metal Casting Market, by Electric & Hybrid Vehicle Type

• BEV
• HEV
• PHEV
Global Metal Casting Market, by Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Global Metal Casting Market Key Players

• Nemak
• Ryobi Limited
• GF Automotive
• Rheinmetall Automotive
• Ahresty Corporation
• Dynacast
• Endurance
• Mino Industrial
• Aisin Automotive Casting
• Gibbs Die Casting
• Georg Fischer Ltd
• Precision Castparts Corp
• Alcast Technologies
• FORCEBEYOND
• Reliance Foundry Co. Ltd
• Others

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