Apr 28, 2017   SOURCE: BusinessWire

Global Iron Castings Market to Grow at a CAGR of 6.9% by 2021 - Analysis By Product Type, End User & Geography - Research and Markets

Research and Markets has announced the addition of the "Global Iron Castings Market 2017-2021" report to their offering.

The global iron castings market to grow at a CAGR of 6.99% during the period 2017-2021.

The report, Global Iron Castings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

In recent years, most foundries are preferring to use automated molding methods for melting, mechanized diametric molding for sand molding, and continuous casting for chemical sand binding. Stringent quality standards are being widely practiced. Environment-friendly techniques, such as cold casting process are also introduced in many regions. Unlike traditional casting methods, the process does not result in harmful emissions and 90% of molds are recycled resulting in less waste production and reduced use of raw materials. The elimination of the melting the metals reduces energy consumption. Furthermore, the lightweight property of cold cast products makes them easier to handle and ship, thereby reducing energy costs.

According to the report, cast iron products are mostly used in engine parts, gears and bushings, suspension, brakes, steering, and crankshaft. The heavy commercial vehicle and tractor segments are shifting toward engines that generate higher horsepower, which is likely to increase the use of components, such as cylinder block and cylinder head, which will consequently increase the volume of cast iron consumed.

Key vendors

  • Brakes India Limited
  • Dandong Foundry
  • Grede Holdings
  • Grupo Industrial Saltillo
  • Hinduja Foundries
  • Hitachi Metals
  • OSCO Industries

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product type

PART 07: Market segmentation by end-user

PART 08: Market segmentation by geography

PART 09: Decision framework

PART 10: Drivers and challenges

PART 11: Market trends

PART 12: Vendor landscape

PART 13: Key vendor analysis

For more information about this report visit http://www.researchandmarkets.com/research/v6nb85/global_iron