Casting is a manufacturing process in which a liquid material is usually poured into a mold, which contains a hollow cavity of the desired shape, and then allowed to solidify. The solidified part is also known as a casting, which is ejected or broken out of the mold to complete it. Cast iron is a group of iron-carbon alloys with a carbon content of more than 2%. Its usefulness derives from its relatively low melting temperature.
MARKET DYNAMICS
The iron castings market has witnessed a significant growth owing to factors such as growth of material industry. Moreover, technological advancement and R&D activities provides a huge market opportunity for the key players operating in the Iron castings market. However, the increasing competition from aluminum will challenge the growth of the market participants.
MARKET SCOPE
The "Global Iron Castings Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the iron castings market with detailed market segmentation product, end user, and geography. The global iron castings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Iron castings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global Iron castings market is segmented on the basis of product and end user. On the basis of product, the global Iron castings market is divided into gray iron, ductile iron and malleable iron. On the basis of end user, the global Iron castings market is divided into automobile, industrial machinery, infrastructure and construction machines, power and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Iron castings market based on various segments. It also provides marketsize and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Iron castings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Iron castings market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Iron castings market in these regions.
MARKET PLAYERS
The reports cover key developments in the Iron castings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of marketplayers. The marketpayers from Iron castings market is anticipated to lucrative growth opportunities in the future with the rising demand for Iron castings in the global market. Below mentioned is the list of few companies engaged in the Iron castings market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the Iron castings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- American Axle & Manufacturing Inc.
- Arconic Inc.
- Brakes India Pvt. Ltd.
- chamberlin Plc
- Dandong Fuding Engineering Machinery Co. Ltd.
- Grupo Industrial Saltillo SAB de CV
- Hitachi Metals Ltd.
- OSCO Industries Inc.
- Qingdao Tian Hua Yi He Foundry Factory
- Sumitomo Electric Industries Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.