Press release
Global Iron Casting (Ferrous Castings) Sales Market Report 2018 | Waupaca Foundry, Grede Foundry, Neenah Foundry, Metal Technologies, Inc., Cifunsa
Press Release – 23 Aug 2018Research and Development News --
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Latest Update "Global Iron Casting (Ferrous Castings) Sales Market Report 2018" with Industries Survey | Global Current Growth and Future.
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This report studies the global Iron Casting (Ferrous Castings) market status and forecast, categorizes the global Iron Casting (Ferrous Castings) market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
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.
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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 24% carbon and other alloys, and 13% 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.
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.
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The global Iron Casting (Ferrous Castings) market is valued at 8530 million US$ in 2017 and will reach 7220 million US$ by the end of 2025, growing at a CAGR of -2.1% during 2018-2025.
The major players covered in this report
Waupaca Foundry
Grede Foundry
Neenah Foundry
Metal Technologies, Inc.
Cifunsa
Wescast Industries
INTAT Precision
Chassix
Aarrowcast, Inc.
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