Market Growth : Iron Castings Market Globally Grow at a CAGR of 6.99% by Revenue During the Period 2017-2021

ResearchMoz presents professional and in-depth study of “Global Iron Castings Market 2017-2021”.

Cast iron is an alloy of iron and carbon; it is hard, brittle, and non-malleable. The concentration of carbon varies from 2% to 5%. The alloy has lower melting temperature and requires less refining when compared with steel, which has a typical carbon content of 0.5%. The less refining required allows for the production of components at a lower cost and without using specialized equipment. In addition, iron can be cast into more complex shapes as it shrinks less during solidification when compared with steel. The major properties of cast iron include high compressive strength, good casting features, and excellent machinability.

Technavios analysts forecast the global iron castings market to grow at a CAGR of 6.99% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global iron castings market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of iron castings.

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The market is divided into the following segments based on geography:

APAC

Europe

North America

ROW

Technavio’s report, Global Iron Castings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Brakes India Limited

Dandong Foundry

Grede Holdings

Grupo Industrial Saltillo

Hinduja Foundries

Hitachi Metals

OSCO Industries

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Other prominent vendors

ACAST

Benton Foundry

Brantingham Manufacturing

Decatur Foundry

Hua Dong Teksid

Qingdao Tian Hua Yi He Foundry Factory

Market driver

Mechanization of agriculture, opening new avenues for growth

For a full, detailed list, view our report

Market challenge

Increasing competition from aluminum

For a full, detailed list, view our report

Market trend

Surge in consumption of cast iron products in renewable energy segment

For a full, detailed list, view our report

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Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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