Asia-Pacific’s foundries market accounts the largest share in the global foundries market.
The foundries market consists of sales of molded castings by entities (organizations, sole traders and partnerships) that pour molten metal into molds to produce castings. Foundries include iron foundries, steel investment foundries, steel foundries, non-ferrous metal die casting foundries, aluminum foundries and other non-ferrous metal foundries.
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The foundries market expected to reach a value of nearly $302 billion by 2022, significantly growing at a growth rate of about 9% during the forecast period. The growth in the foundries market is due to increase in new vehicle sales in rapidly developing countries such as china and India owing to rise in disposable income, growing population.
However, the market for foundries is expected to face certain restraints from several factors such as interest rate increases, workforce issues.
Computer-Aided Designs (CAD) programs is a major trend in the foundry market for enhanced productivity. This technology involves the adaptation of CAD files to guide additive manufacturing programs, as the major trends witnessed in the global foundries market.
With increase in positive economic outlook, improved earning capacity, emerging markets growth, the scope and potential for the global foundries market is expected to significantly rise in the forecast period.
Major players in the global foundries market include Alcoa, Bharat Forge, Hitachi Metals, Precision Castparts, AMCOL Metalcasting.
Alcoa Corporation is an American industrial corporation. It is the world’s eighth largest producer of aluminum, with corporate headquarters in Pittsburgh, Pennsylvania. Alcoa conducts operations in 10 countries. Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in all major aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling. On November 1, 2016, Alcoa Inc. split into two new entities: Alcoa Corporation, which is engaged in the mining and manufacture of raw aluminium, and Arconic, which processes aluminum and other metals.
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Few Points From Table Of Contents:
4. Foundries Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Foundries Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Foundries Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Foundries Market Trends And Strategies
8. Foundries Market Size And Growth
8.1. Market Size
8.2. Historic Market Growth, Value ($ Billion)
8.2.1. Drivers Of The Market
8.2.2. Restraints On The Market
8.3. Forecast Market Growth, Value ($ Billion)
8.3.1. Drivers Of The Market
8.3.2. Restraints On The Market
9. Foundries Market Regional Analysis
9.1. Global Foundries Market, 2018, By Region, Value ($ Billion)
9.2. Global Foundries Market, 2014 – 2022, Historic And Forecast, By Region
9.3. Global Foundries Market, Growth And Market Share Comparison, By Region
10. Foundries Market Segmentation
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