Research and Markets - Global Industrial Castings Market 2016-2020 with Alcast Technologies, Alcoa Howmet, Kobe Steel, Brakes India & Dandong Foundry Dominating

DUBLIN, Dec 15, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Industrial Castings Market 2016-2020" report to their offering.

The global industrial castings market to grow at a CAGR of 1.88% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the global industrial castings market for 2016-2020. To calculate the market size, the report presents individual market size and forecasts by geography have been provided with detailed analysis for each segment. The report also includes a discussion of the key vendors operating in this market.

One of latest trends in the market is simulation-based castings. Simulation-based casting is used to produce cost-effective, reliable, and high-precision components. Also, simulation-based casting is used to increase casting yield and reduce the shop floor time. By using simulation-based casting, we can predict the defects and their location easily compared with conventional casting besides being able to analyze and optimize the feed ability of the casting process.

According to the report, one of the primary drivers in the market is augmented demand from aerospace, defense, and telecom sectors. Aluminum die casting process, along with forging techniques, is widely used in the aerospace and defense sectors. There has been a rise in demand for aluminum and other lightweight alloys over steel for use in the manufacture of aircraft bodies and the corresponding parts, as these metals reduce the weight of the overall aircraft to a great extent.

Further, the report states that one major challenge in the market is volatile raw material prices. Major steel casting manufacturers worldwide are under stress to improve their profit margins due to volatile prices of raw materials and declining prices of steel casting products. This has a greater impact on steel producers that maintain long-term raw material supply contracts. These producers are integrating their upstream operations vertically to overcome these concerns and remain competitive in the market. Also, this will allow them to gain more control over raw material prices. 

Key vendors

• Alcast Technologies
• Alcoa Howmet
• Kobe Steel
• Brakes India
• Dandong Foundry

Other prominent vendors

• ACAST
• AMCOL Metalcasting
• Amsteel Castings
• Anhui Yingliu Electrochemical
• Benton Foundry
• Bodine Aluminum
• Brantingham Manufacturing
• Consolidated Metco (ConMet)
• Decatur Foundry
• Dynacast International
• ESCO
• Georg Fischer
• Gibbs Die Casting
• Gravity Cast
• Grede Holdings
• Grupo Industrial Saltillo SAB de CV
• Hinduja Foundries
• Hitachi Metals
• Hua Dong Teksid
• Hyundai Steel
• JCFC
• Leggett & Platt
• Martinrea Honsel Germany
• Nucor
• OSCO Industries
• Pacific Steel Casting
• Peekay Steel Castings
• Precision Castparts
• Qingdao Tian Hua Yi He Foundry Factory
• Ryobi
• Schuler
• ACO Group

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by material

Non-ferrous casting

Part 07: Market segmentation by end-user

Part 08: Geographical segmentation

Part 09: Market drivers

Part 10: Impact of drivers

Part 11: Market challenges

Part 12: Impact of drivers and challenges

Part 13: Market trends

Part 14: Vendor landscape

Part 15: Key vendor analysis

Part 16: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/38grfr/global_industrial

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Laura Wood, Senior Manager
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SOURCE Research and Markets