Metal Casting Market Analysis by Size, Share, Growth, Trends, 2030

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The global Metal Casting market is forecast to reach USD 230.19 Billion by 2030, according to a new report by Reports and Data. The market is witnessing a surge in demand owing to the rising prevalence of the emission norms encouraging the use of the metal casting process, and increasing demand in the automobile sector. Moreover, the increasing trend of lightweight vehicles is fostering the market's demand. However, the high capital required for the setup is hampering the market's demand.

A rise in the trend in urbanization is a critical factor in the growth of the housing and infrastructure sectors. First-time homebuyers are encouraged and funded to cause the development of the building & design industry. Governments in various countries provide opportunities and support to meet the housing needs of the increasing population.

Top Companies Operating in the Global Metal Casting Market:

 

Dynacast Ltd., Ryobi Limited, Gibbs (Koch Enterprises Inc.), POSCO, CALMET, Hitachi Metals, MES Inc., Alcast Technologies, Arconic, and Uniabex

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3041

Further key findings from the report suggest

  • Cast Iron segment accounted for the highest market share of 29.8% in 2019. A significant portion of the demand in this segment is projected to come from emerging markets, especially from the automotive, construction, and oil & gas sectors.
  • The automotive segment is growing at a higher CAGR of 5.3% owing to the initiatives taken by the government across the world focusing on stricter pollution & fuel efficiency regulations resulting in a boost of demand for aluminum, the primary casting material in the automotive industry
  • The growing use of lightweight properties casting on the account and the aesthetic appeal it offers drives demand for throwing in the construction market. Construction equipment & machinery, heavy vehicles, curtain walling, door handles, windows, and roofing can be used in finished goods.
  • Indiaand China are recording an increase in industrial output, which is, in turn, favoring the demand for metal casting. The Asia Pacific acquired the highest share of 64.3% in 2019 in the market for metal casting.

To read more about the report @ https://www.reportsanddata.com/report-detail/metal-casting-market

The global Metal Casting market is segmented into:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Material Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019 – 2030)

  • Cast Iron
  • Aluminum
  • Stainless Steel
  • Zinc
  • Magnesium

Process Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019 – 2030)

  • Sand Casting
  • Die Casting
  • Shell Mold Casting
  • Gravity Casting
  • Vacuum Casting

End-use Industry Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019 – 2030)

  • Automotive & Transportation
  • Building & Construction
  • Mining
  • Equipment & Machine
  • Consumer Goods

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Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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