At CAGR of 5.3% , The Metal Casting Market Size is Expected To Reach USD 230.19 Billion By 2030 | Reports and Data

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.

Click the link to get a Sample Copy 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.
Key participants include Dynacast Ltd., Ryobi Limited, Gibbs (Koch Enterprises Inc.), POSCO, CALMET, Hitachi Metals, MES Inc., Alcast Technologies, Arconic, and Uniabex, among others.

The COVID-19 impact Analysis: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Metal Casting Market is expected to rise in the coming years.

To Get Inquire Before Buying@ https://www.reportsanddata.com/inquiry-before-buying/3041

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

Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/3041

Significant Features that are under Offering and Key Highlights of the Reports:

- Detailed overview of the Metal Casting Market

- Changes in industry market dynamics

- Detailed market segmentation by type, application, etc.

- Historical, current and projected market size in terms of quantity and value

- Recent industry trends and developments

- Competition situation of Metal Casting Market

- Key companies and product strategies

- Potential niche segment/region showing promising growth.

Finally, the Metal Casting Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.

Browse more Reports

Epoxy Resins Market: https://www.globenewswire.com/news-release/2020/01/22/1973873/0/en/Epoxy-Resins-Market-To-Reach-USD-11-86-Billion-By-2027-Reports-And-Data.html

Methanol Market: https://www.globenewswire.com/news-release/2020/01/23/1974532/0/en/Methanol-Market-To-Reach-USD-40-50-Billion-By-2027-Reports-And-Data.html

Polystyrene Market: https://www.globenewswire.com/news-release/2020/02/04/1979405/0/en/Polystyrene-Market-To-Reach-USD-35-21-Billion-By-2027-Reports-And-Data.html

Contact Us:
Nikhil Morankar
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs | Facebook

About Us:
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 analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

This release was published on openPR.