Metal Casting Market By Reports And Data
Metal Casting Market To Reach
USD 193.53 Billion By 2027
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Market Summary
The growing demand for casting in the automobile sector,
stringent emission norms, and increasing energy efficiency
requirements in vehicles are driving the need for the market.
Market Size – USD 130.88 Billion in 2019, Market Growth - CAGR
of 5.4%, Market Trends – High demand from developing nations.
The global Metal Casting market is forecast to reach USD 193.53
Billion by 2027, 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.
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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.
The use of lightweight casting materials, including magnesium and aluminum alloy, will minimize the
weight of the body and frame by up to 50%. Consequently, to meet the European Union (EU) and US
Environmental Protection Agency (EPA)'s strict pollution, and fuel efficiency goals, the use of lightweight
materials (Al, Mg, Zn & others) has increased in the automotive sector.
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Key participants include Dynacast Ltd., Ryobi Limited, Gibbs (Koch Enterprises Inc.), POSCO, CALMET,
Hitachi Metals, MES Inc., Alcast Technologies, Arconic, and Uniabex, among others.
For the purpose of this report, Reports and Data have segmented into the global Hospital Equipment and
Supplies market on the basis of process type, material, application, and region:
Process Type Outlook (Revenue, USD Billion; 2017-2027)
• Gravity Casting
• High-Pressure Die Casting
• Low-Pressure Die Casting
• Sand Casting
Material Outlook (Revenue, USD Billion; 2017-2027)
• Cast Iron
• Aluminum
• Zinc
• Magnesium
• Others
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Application Outlook (Revenue, USD Billion; 2017-2027)
•Automotive
•Industries
•Building & Construction
•Others
Regional Outlook (Revenue, USD Million; 2019-2026, and Volume Metric Tons-2026)
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
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About Us
A b oOuutr U Aspproach
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