Market Overview
Based on a report found on Wise Guy Reports (WGR), the global ductile iron casting market is expected to surge. There are certain forces that are impacting the global market of ductile iron casting. Primarily, the construction industry has a significant role to play, as it is one of the high end-users of ductile iron. The growing world population is triggering the need for residential constructions, also backed by an increase in urban migration. In addition, fast-paced industrialization is boosting demand for corporate space and fostering the development of plants or manufacturing units. These factors are anticipated to gain traction for the global market of ductile iron castings.
The aerospace and defense is another prominent consumer of ductile iron. The growing political tension among countries is motivating governments to deploy effective combat solutions. The popularity of ductile iron among manufacturers of defense aircrafts lies therein, owing to its high strength. Furthermore, a greater number of passengers are observed to opt for on-air travel. These factors are expected to gain traction for the global ductile casting market. Besides, the expansion of the global market can be attributed to the easy process of casting. On the flip side, the need for high number of labors and fluctuation in the price of raw materials are anticipated to limit the growth of the market.
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Key Players
The report has profiled various noteworthy players in the global ductile iron casting market. This includes the analysis of various strategies adopted for expansion and an upper hand over their rivals.
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
Segmental Analysis
Segmental analysis of a market offers a clear understanding of the market. The global ductile iron casting market has been studied on the basis of type and application. On the basis of type, the global market has been segmented into vertical and horizontal molding. The high requirement for both types across end-users is likely to boost the growth of the global ductile iron casting market. On the basis of application, the global market has been segmented into Automotive, Pressure Pipes and Fittings, General Engineering, Agriculture, Road and Construction, and others. The construction segment is likely to grow at a rapid pace.
Regional Outlook
By region, the study of the global market of ductile iron casting has been held across North America, Europe, Asia Pacific, and the Middle East Asia and Africa. The escalation in the number of constructional projects in the Asia Pacific region is expected to surge the regional market. The North America market is likely to exhibit a steady growth owing the presence of sturdy infrastructure. In Europe, the ductile iron casting market is likely to register moderate growth.
Research Methodology
The market report has been compiled with the help of many primary (observations, interviews, surveys) and secondary (journals industrial databases,) sources to recognize and gather appropriate information for this all-inclusive market-oriented, commercial, and technical estimation. Porter’s Five Force Model has been applied to determine the market evaluation precisely and to verify the numerous strengths, and weaknesses, along with opportunities, and threats (SWOT analysis), and multiple quantitative and qualitative study related with the market.
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