Global foundry industry expected to reach $221.3 billion by 2027 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Metal Smelting Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.
Nemak Sab De CV (Alfa
GF Casting Solutions NV (Georg Fischer NV)
Rheinmetall Automotive AG
Endurance Technologies Limited
Gibbs (Koch Enterprises Inc.)
Aisin Automotive Casting LLC (Aisin Seiki Co. Ltd.)
MINO Industrie USA Inc.
Shibaura Machine Co.Ltd
Keeping in mind the uncertainties of COVID-19, the analyst continuously monitors and assesses the direct and indirect influence of the pandemic on the various end-use industries. This information is included in the report as a major market contributor.
Metal casting is a process in which molten metal is poured into a hollow container of desired geometric shape to form a solidified part. There are many reliable and efficient metal casting materials such as gray iron, ductile iron, aluminum, steel, copper and zinc.
Metal casting can produce objects with complex shapes and is less expensive than other manufacturing processes for medium to large quantities of castings produced. Cast metal products are an integral part of human life and the economy, as they are found in 90% of manufactured goods and equipment, ranging from household appliances and surgical equipment to critical components for aircraft and automobiles .
Metal casting technology offers many advantages; it helps to improve energy efficiency, reduce production costs, improve environmental quality and create new innovative molded products. Due to these advantages, it is used in pipes and fittings, mining and petroleum machinery, internal combustion engines, railways, valves and agricultural equipment, which rely heavily on casting to create uniform products. .
Additionally, metal casting foundries rely on metal recycling as a cost-effective source of raw material, which significantly reduces scrap. In addition, ongoing research in the field of metal casting warrants innovations and improvements in the casting process, including the development of lost foam casting and computerized visualization tools for foundries to create alternative means of molding. These advanced casting technologies enable foundry researchers to produce flawless castings and help them explore detailed phenomena associated with new casting process parameters.
Additionally, deteriorating environmental conditions have prompted manufacturers to formulate simulation-based castings to reduce waste and operating costs.
Key questions answered by this report
1. What was the size of the global metal casting market in 2021?
2. What is the forecasted growth rate of the global metal casting market in 2022-2027?
3. What are the key factors driving the global metal casting market?
4. What has been the impact of COVID-19 on the global metal casting market?
5. What is the breakdown of the global metal casting market based on process?
6. What is the breakdown of the global foundry market based on type of material?
7. What is the breakdown of the global metal casting market by end use?
8. What are the key regions of the global metal casting market?
9. Who are the key companies/players in the global metal casting market?
Main topics covered:
2 Scope and methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Metal Smelting Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakdown by Process
5.5 Market Breakdown by Material Type
5.6 Market Breakdown by End Use
5.7 Automotive and Transportation Market: Breakdown by Component
5.8 Automotive and transport market: breakdown by type of vehicle
5.9 Automotive and transport market: breakdown by electric and hybrid vehicle
5.10 Automotive and Transportation Market: Breakdown by Application
5.11 Market Breakdown by Region
5.12 Market Forecast
6 Market Breakdown by Process
7 Market Breakdown by Material Type
8 Market Breakdown by End Use
9 Automotive and Transportation Market: Breakdown by Components
10 Automotive and transport market: breakdown by type of vehicle
11 Automotive and transport market: breakdown by electric and hybrid type
12 Automotive and Transportation Market: Breakdown by Application
13 Market Breakdown by Region
14 SWOT Analysis
15 Value chain analysis
16 Porter’s Five Forces Analysis
17 Price Analysis
18 Competitive Landscape
18.1 Market structure
18.2 Key Players
18.3 Profiles of Key Players
For more information on this report, visit https://www.researchandmarkets.com/r/qq0yx5