The Metal Casting Market size was valued at USD 33.0 billion in 2022 and is projected to reach USD 61.08 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.0% during the forecast period from 2023 to 2030.
Metal Casting Market Industry is a thriving industry that has witnessed substantial growth in recent years. In 2022, the market was valued at a significant USD 33.0 billion, reflecting its robust nature. Looking ahead, the market is expected to continue its upward trajectory, reaching a staggering USD 61.08 billion by 2030. This remarkable growth can be attributed to the steady compound annual growth rate (CAGR) of 8.0% projected over the forecast period from 2023 to 2030.
The metal casting market encompasses a wide range of industries, including automotive, aerospace, construction, and more. With the increasing demand for metal components across various sectors, the market is poised for substantial expansion. Factors such as rapid industrialization, technological advancements, and the growing need for lightweight and durable materials are driving the market's growth.
Furthermore, the automotive industry plays a pivotal role in propelling the metal casting market forward. As the automotive sector continues to evolve, the demand for high-quality metal components, such as engine parts, transmission systems, and chassis, is surging. This surge in demand is directly contributing to the market's expansion.
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Market Segmentation:
By Material Type
Cast Iron
Aluminium
Stainless Steel
Zinc
Magnesium
Carbon Steel
High Steel Alloy
Others
By Process Type
Sand Casting
Die Casting
Shell Mold Casting
Gravity Casting
Vacuum Casting
Investment Casting
Others
By End-use
Automotive & Transportation
Building & Construction
Mining
Equipment & Machine
Consumer Goods
Others
Key players:
Ryobi Limited, Dynacast, MINO Industry USA, Inc., Ahresty Corporation, GIBBS, Rheinmetall Automotive AG, Endurance Technologies Limited, Aisin Automotive Casting, LLC., Nemak, Georg Fischer Ltd, and other players.
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Table of Content
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model Textile Chemicals Market
7. PEST Analysis
8. Emulsion Metal Casting Market Industry By Material Type
9.Emulsion Metal Casting Market Industry By Process Type
10.Emulsion Metal Casting Market Industry By End Use
11.Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion
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