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Global Ductile Cast Iron Market to Witness a Pronounce Growth During 2024– Top Key players like Cifunsa,Chassix,Aarrowcast,Inc.
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Ductile iron, also known as ductile cast iron, nodular cast iron, spheroidal graphite iron, spheroidal graphite cast iron and SG iron, is a type of graphite-rich cast iron discovered in 1943 by Keith Millis. While most varieties of cast iron are weak in tension and brittle, ductile iron has much more impact and fatigue resistance, due to its nodular graphite inclusions.
Global market for Ductile Cast Iron 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 global Ductile Cast Iron market is valued at 2990 million US$ in 2018 is expected to reach 2690 million US$ by the end of 2025, growing at a CAGR of -1.5% during 2019-2025.
Market Segment by Manufacturers, this report covers
Waupaca Foundry
American Axle & Manufacturing (AAM)
Neenah Foundry
Metal Technologies, Inc.
Cifunsa
Wescast Industries(Bohong)
INTAT Precision
Chassix
Aarrowcast, Inc.
Cadillac Casting, Inc.
Rochester Metal Products
Goldens'Foundry
Weichai
Georg Fischer
Dotson
Nelcast
Willman Industries
Gartland Foundry
Market Segment by Type, covers
Vertical Molding Ductile Iron
Horizontal Molding Ductile Cast Iron
Market Segment by Applications, can be divided into
Machinery & Equipment
Automotive
Construction
Oil & Gas
Aerospace
Others
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Related Information:
North America Ductile Cast Iron Market Growth 2019-2024
United States Ductile Cast Iron Market Growth 2019-2024
Asia-Pacific Ductile Cast Iron Market Growth 2019-2024
Europe Ductile Cast Iron Market Growth 2019-2024
EMEA Ductile Cast Iron Market Growth 2019-2024
Global Ductile Cast Iron Market Growth 2019-2024
China Ductile Cast Iron Market Growth 2019-2024
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