Foundry Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Foundry Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

1
1

Foundry products are defined as products that are derived from foundries. Foundries refer to workshops where metal castings are produced. Metal casting is a manufacturing process, where molten or liquid metal is poured into a mold which is made up of sand, metal, or ceramic. The mold contains a hollow cavity of the desired shape, to form geometrically complex parts. The metal casting process is applicable to all major metals that can be made into castings; common ones are iron, aluminum, magnesium, zinc, steel, and copper-based alloys. Metal castings are used in a wide range of applications such as in cars, trucks, planes, trains, mining and construction equipment, oil wells, pipes, toys, space shuttles, wind turbines, and nuclear plants. Manufacture of foundry products through the metal casting process is advantageous compared to other processes owing to its design flexibility, high production rate, and molding of large and complex parts. Additionally, easy way of fabricating wrought or cast products into complex structures while producing lightweight sheet metal parts is another advantage of foundry products.

Increase in need for infrastructure and power generation facilities is fuelling the foundry products market. Growth in the automotive industry in emerging economies such as Japan, China, and India is also driving the foundry products market. Expansion in the MSME (micro, small, and medium enterprises) industry is also one of the factors propelling the foundry products market. Furthermore, rise in technological innovations and rapid industrialization and urbanization are augmenting the foundry products market.

Implementation of stringent government regulations, rise in import costs, and low capacity utilization are hampering the foundry products market.

Based on product mix, the foundry products market can be segmented into grey iron, SG iron, non-ferrous, steel, and malleable, and others. The grey iron segment accounts for large share of the foundry products market owing to the wide use of grey iron in the automotive industry.

In terms of industry type, the foundry products market can be divided into micro, small, and medium size industry.

Based on end-use industrial applications, the foundry products market can be split into automotive, sanitary, pipes and fittings, power industry, electrical equipment, machine tools, earth moving industry, and others. The automotive segment accounts for major share of the market owing to the wide range of applications in automobiles. It is followed by sanitary and pipes and fittings segments.

In terms of geography, the foundry products market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is a rapidly growing region of the foundry products market owing to the rise in urbanization, industrial expansion, and increase in investments in the automotive industry in emerging economies such as Japan, China, and India. China is the largest producer of metal castings in Asia Pacific. Europe follows Asia Pacific owing to the presence of the vast automotive industry base in the region.

Key players operating in the foundry products market include Electrosteel Castings Limited, Hinduja Foundries Limited, Nelcast Limited, Brakes India limited, DCM Engineering, Saguenay Foundry Limited, Tata Motors Wheel Factory, Taiwan Semiconductor Manufacturing Company, and Global Foundries among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

Have query on this report?

Make an Enquiry

Success Stories

Our Clients

Tell Us What You Need and We’ll Get Back with the Best Solutions Available.

*
*
*

get in touch

Location :

State Tower, 90 State Street, Suite 700, Albany NY - 12207, United States

Call Us :

US/Canada toll free : 866-997-4948

Tel : +1-518-621-2074