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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.
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 compositioncast 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.
It is the combination of high carbon content, and the presence of silicon, that gives cast iron its excellent castability.
Scope of the Report:
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.
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.
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 GIR (Global Info Research) study.
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.
Market Segment by Manufacturers, this report covers
- Waupaca Foundry
- AAM(Grede Holdings)
- Neenah Foundry
- Metal Technologies
- Cifunsa
- Wescast Industries
- INTAT Precision
- Chassix
- Aarrowcast
- Cadillac Casting
- Rochester Metal Products
- Goldens'Foundry
- Weichai
- Xinxing Ductile Iron Pipes
- Georg Fischer
- Faw Foundry
- Huaxiang Group
- Meide Casting
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Gray Iron Castings
- Ductile Iron Castings
- Others
Market Segment by Applications, can be divided into
- Machinery & Equipment
- Automotive
- Pipe & Fitting
- Valves, Pumps & Compressors
- Rail
- Others
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Iron Casting [Ferrous Castings] product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Iron Casting [Ferrous Castings], with price, sales, revenue and global market share of Iron Casting [Ferrous Castings] in 2017 and 2018.
Chapter 3, the Iron Casting [Ferrous Castings] competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Iron Casting [Ferrous Castings] breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Iron Casting [Ferrous Castings] market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Iron Casting [Ferrous Castings] sales channel, distributors, customers, research findings and conclusion, appendix and data source.