In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Iron Casting [Ferrous Castings] market for 2018-2023.

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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.

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 composition—cast iron contains 2–4% carbon and other alloys, and 1–3% 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.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.Over the next five years, LPI(LP Information) projects that Iron Casting [Ferrous Castings] will register a -1.9% CAGR in terms of revenue, reach US$ 7590 million by 2023, from US$ 8530 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Iron Casting [Ferrous Castings] market by product type, application, key manufacturers and key regions.

To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:

Segmentation by product type:

Gray Iron Castings
Ductile Iron Castings
Others
Segmentation by application:

Machinery & Equipment
Automotive
Pipe & Fitting
Valves, Pumps & Compressors
Rail
Others

This report also splits the market by region:

Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:

Waupaca Foundry
Grede Foundry
Neenah Foundry
Metal Technologies, Inc.
Cifunsa
Wescast Industries
INTAT Precision
Chassix
Aarrowcast, Inc.
Cadillac Casting, Inc.
Rochester Metal Products
Goldens'Foundry
Weichai
Xinxing Ductile Iron Pipes
Georg Fischer
Faw Foundry
Huaxiang Group
Meide Casting

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Iron Casting [Ferrous Castings] consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Iron Casting [Ferrous Castings] market by identifying its various subsegments.
Focuses on the key global Iron Casting [Ferrous Castings] manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Iron Casting [Ferrous Castings] with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Iron Casting [Ferrous Castings] submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Table of content

2018-2023 Global Iron Casting [Ferrous Castings] Consumption Market Report

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Iron Casting [Ferrous Castings] Consumption 2013-2023
2.1.2 Iron Casting [Ferrous Castings] Consumption CAGR by Region
2.2 Iron Casting [Ferrous Castings] Segment by Type
2.2.1 Gray Iron Castings
2.2.2 Ductile Iron Castings
2.2.3 Others
2.3 Iron Casting [Ferrous Castings] Consumption by Type
2.3.1 Global Iron Casting [Ferrous Castings] Consumption Market Share by Type (2013-2018)
2.3.2 Global Iron Casting [Ferrous Castings] Revenue and Market Share by Type (2013-2018)
2.3.3 Global Iron Casting [Ferrous Castings] Sale Price by Type (2013-2018)
2.4 Iron Casting [Ferrous Castings] Segment by Application
2.4.1 Machinery & Equipment
2.4.2 Automotive
2.4.3 Pipe & Fitting
2.4.4 Valves, Pumps & Compressors
2.4.5 Rail
2.4.6 Others
2.5 Iron Casting [Ferrous Castings] Consumption by Application
2.5.1 Global Iron Casting [Ferrous Castings] Consumption Market Share by Application (2013-2018)


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