Metal Casting Market Size, Share & Trends Analysis Report By Material (Aluminum, Iron, Steel), By Application (Automotive & Transportation, Building & Construction, Industrial), By Region, And Segment Forecasts, 2019 - 2025

Published: Aug, 2019 | Pages: 110 | Publisher: Grand View Research
Industry: Materials | Report Format: Electronic (PDF)

The global metal casting market size is expected to reach USD 178.0 billion by 2025, accelerating at a CAGR of 5.3% over the forecast period, according to a new report by Grand View Research, Inc. Expansion of the construction sector due to infrastructure requirement and housing needs is one of the key drivers for market growth.

An increase in urbanization trend in China and India is a key factor triggering the growth of housing and infrastructure industries. Incentives and funding for first-time home buyers are triggering the growth of building & construction industry. Governments across various countries are offering incentives and funding to meet the housing needs of growing population.

For instance, the Canadian government offers a 5% incentive on the purchase of an existing house for first-time buyers. Similarly, in Germany, under the federal government initiative, around USD 13,400 is granted to first-time buyers under certain criteria. India and China are also recording an increase in industrial output, which is in turn favoring the demand for metal casting. Asia Pacific accounted for the highest volume share of 64.1% in 2018 in the market for metal casting.

Aluminum casting segment is projected to grow at the highest CAGR of 9.3% over the forecast period. As per a report by The Aluminum Association, total aluminum content in vehicles is projected to reach 256 kg per vehicle by 2025, globally. Strict regulations such as Euro 6c emission standards in the European Union are contributing to the growth of the market. It has become necessary for automakers to reduce the weight of vehicles using lightweight materials such as aluminum and magnesium.

Steel segment is anticipated to grow at a moderate CAGR on account of demand from automotive components. As per the World Steel Association, around 900 kg of steel is required per vehicle. Around 34% of steel is used in doors, panels, closures, and body structure parts. The growing usage of advanced high strength steel (AHSS) is projected to create new opportunities for metal casting vendors as it reduces the weight of a vehicle and also enhances fuel efficiency and safety. Many research institutes and private organizations are working on new grades of AHSS. These grades have capabilities to reduce the vehicle weight by 25% to 39% and help achieve 3 to 4.5 tons of greenhouse gas savings over the life cycle of a vehicle.

Metal casting industry faces various challenges including underutilization of capacity, optimization of resources, high energy consumption, stringent norms, and overall effectiveness. Metal casting manufacturers are likely to focus on industrial internet of things (IIoT) over the coming years as IIoT has the potential to control and monitor the temperature of foundries, machinery downtime tracking, and enhance resource management.

Further key findings from the report suggest:

• Iron casting segment is anticipated to be valued at USD 58.8 billion by 2025 owing to the expansion of industrial sectors such as oil & gas

• In terms of revenue, aluminum metal segment is projected to grow at the highest CAGR of 9.3% over the forecast period owing to the presence of stringent emission regulations in automotive sector

• Building & construction segment accounted for 6.9% of the market volume share in 2018

• In terms of revenue, the Middle East & Africa is projected to grow at a CAGR of 5.0% from 2019 to 2025 on account of growing output from non-oil & gas sectors

• POSCO; Dynacast; Alcast Technologies; Arconic; Endurance Technologies Limited; and Hitachi Metals, Ltd. are some of the key players in the metal casting market.

 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Market segmentation & scope
                   1.2 Market definition
                   1.3 List of data sources
                   1.4 Information procurement
                   1.5 Information analysis
                   1.6 Market formulation & data visualization
                   1.7 Data validation & publishing
Chapter 2 Executive Summary
                   2.1 Market outlook
                   2.2 Segmental outlook
                   2.3 Competitive Insights
Chapter 3 Metal Casting Market Variables, Trends, & Scope
                   3.1 Market outlook
                       3.1.1 Global metal casting market
                   3.2 Penetration & growth prospect mapping
                   3.3 Industry value chain analysis
                       3.3.1 Manufacturing trends
                       3.3.2 Sales channel analysis
                       3.3.4 Vendor selection criteria analysis
                   3.4 Regulatory framework
                       3.4.1 Product classification codes
                       3.4.3 Safety
                   3.5 Market Dynamics
                       3.5.1 Market Driver Analysis
                       3.5.2 Market Restraint Analysis
Chapter 4 Metal Casting Market: Material Estimates & Trend Analysis
                   4.1 Definition & scope
                   4.2 Material movement analysis & market share, 2018 & 2025
                   4.3 Iron
                       4.3.1 Metal casting market estimates and forecasts by iron, 2014 - 2025 (Kilotons) (USD million)
                   4.4 Steel 
                       4.4.1 Metal casting market estimates and forecasts by steel, 2014 - 2025 (Kilotons) (USD million)
                   4.5 Aluminum 
                       4.5.1 Metal casting market estimates and forecasts by aluminum, 2014 - 2025 (Kilotons) (USD million)
                   4.6 Others
                       4.6.1 Metal casting market estimates and forecasts by other materials, 2014 - 2025 (Kilotons) (USD million)
Chapter 5 Metal Casting Market: Application Estimates & Trend Analysis
                   5.1 Definition & scope
                   5.2 Application movement analysis & market share, 2018 & 2025
                   5.3 Automotive & Transportation
                       5.3.1 Market estimates and forecasts in automotive & transportation, 2014 - 2025 (Kilotons) (USD million)
                   5.4 Industrial 
                       5.4.1 Market estimates and forecasts in industrial, 2014 - 2025 (Kilotons) (USD million)
                   5.5 Building & construction 
                       5.5.1 Market estimates and forecasts in building & construction, 2014 - 2025 (Kilotons) (USD million)
                   5.6 Others
                       5.6.1 Market estimates and forecasts in other applications, 2014 - 2025 (Kilotons) (USD million)
Chapter 6 Metal Casting: Regional Estimates & Trend Analysis
                   6.1 Regional market snapshot
                   6.2 Definition & scope
                   6.3 Regional movement analysis, 2018 & 2025
                   6.4 North America
                       6.4.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                       6.4.2 Market estimates and forecasts, by material 2014 - 2025 (Kilotons) (USD Million)
                       6.4.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                       6.4.4 U.S.
                           6.4.4.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                           6.4.4.2 Market estimates and forecasts, by material 2014 - 2025 (Kilotons) (USD Million)
                           6.4.4.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                       6.4.5 Canada
                           6.4.5.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                           6.4.5.2 Market estimates and forecasts, by material 2014 - 2025 (Kilotons) (USD Million)
                           6.4.5.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                       6.4.6 Mexico
                           6.4.6.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                           6.4.6.2 Market estimates and forecasts, by material 2014 - 2025 (Kilotons) (USD Million)
                           6.4.6.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                   6.5 Europe
                       6.5.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                       6.5.2 Market estimates and forecasts, by material 2014 - 2025 (Kilotons) (USD Million)
                       6.5.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                       6.5.4 Germany
                           6.5.4.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                           6.5.4.2 Market estimates and forecasts, by material 2014 - 2025 (Kilotons) (USD Million)
                           6.5.4.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                       6.5.5 Russia
                           6.5.5.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                           6.5.5.2 Market estimates and forecasts, by material 2014 - 2025 (Kilotons) (USD Million)
                           6.5.5.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                       6.5.6 France
                           6.5.6.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                           6.5.6.2 Market estimates and forecasts, by material 2014 - 2025 (Kilotons) (USD Million)
                           6.5.6.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                   6.6 Asia Pacific 
                       6.6.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                       6.6.2 Market estimates and forecasts, by material 2014 - 2025 (Kilotons) (USD Million)
                       6.6.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                       6.6.4 China
                           6.6.4.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                           6.6.4.2 Market estimates and forecasts, by material 2014 - 2025 (Kilotons) (USD Million)
                           6.6.4.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                       6.6.5 India
                           6.6.5.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                           6.6.5.2 Market estimates and forecasts, by material 2014 - 2025 (Kilotons) (USD Million)
                           6.6.5.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                       6.6.6 Japan
                           6.6.6.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                           6.6.6.2 Market estimates and forecasts, by material 2014 - 2025 (Kilotons) (USD Million)
                           6.6.6.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                   6.7 Central & South America
                       6.7.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                       6.7.2 Market estimates and forecasts, by material 2014 - 2025 (Kilotons) (USD Million)
                       6.7.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                       6.7.4 Brazil
                           6.7.4.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                           6.7.4.2 Market estimates and forecasts, by material 2014 - 2025 (Kilotons) (USD Million)
                           6.7.4.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                   6.8 Middle East & Africa 
                       6.8.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                       6.8.2 Market estimates and forecasts, by material 2014 - 2025 (Kilotons) (USD Million)
                       6.8.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
Chapter 7 Competitive Analysis
                   7.1 Key global players & recent developments & their impact on the industry
                   7.2 List of key players/suppliers in the industry
                   7.3 List of key end users
                       7.3.1 SWOT, by top players
Chapter 8 Company Profiles
                   8.1 POSCO
                       8.1.1 Company Overview
                       8.1.2 Financial performance
                       8.1.3 Product benchmarking
                       8.1.4 Strategic initiatives
                   8.2 Dynacast
                       8.2.1 Company OvervieW
                       8.2.2 Financial performance
                       8.2.3 Product benchmarking
                       8.2.4 Strategic initiatives
                   8.3 Arconic
                       8.3.1 Company Overview
                       8.3.2 Financial Performance
                       8.3.3 Product Benchmarking
                       8.3.4 Strategic Initiatives
                   8.4 Ryobi Ltd.
                       8.4.1 Company Overview
                       8.4.2 Financial Performance
                       8.4.3 Product Benchmarking
                       8.4.4 Strategic Initiatives
                   8.5 Endurance Technologies Limited
                       8.5.1 Company Overview
                       8.5.2 Financial Performance
                       8.5.3 Product Benchmarking
                       8.5.4 Strategic Initiatives
                   8.6 Alcast Technologies 
                       8.6.1 Company Overview
                       8.6.2 Financial Performance
                       8.6.3 Product Benchmarking
                       8.6.4 Strategic Initiatives
                   8.7 Uniabex
                       8.7.1 Company Overview
                       8.7.2 Financial Performance
                       8.7.3 Product Benchmarking
                       8.7.4 Strategic Initiatives
                   8.8 MES, Inc
                       8.8.1 Company Overview
                       8.8.2 Financial Performance
                       8.8.3 Product Benchmarking
                       8.8.4 Strategic Initiatives
                   8.9 CALMET
                       8.9.1 Company Overview
                       8.9.2 Financial performance
                       8.9.3 Product benchmarking
                       8.9.4 Strategic initiatives
                   8.10 Hitachi Metals
                       8.10.1 Company Overview
                       8.10.2 Financial performance
                       8.10.3 Product benchmarking
                       8.10.4 Strategic initiatives

List of Tables

Table 1 Metal casting market estimates and forecasts by iron, 2014 - 2025 (Kilotons) (USD Million)
Table 2 Metal casting market estimates and forecasts by steel, 2014 - 2025 (Kilotons) (USD Million)
Table 3 Metal casting market estimates and forecasts by aluminum, 2014 - 2025 (Kilotons) (USD Million)
Table 4 Metal casting market estimates and forecasts by other materials, 2014 - 2025 (Kilotons) (USD Million)
Table 5 Metal casting market estimates and forecasts in automotive & transportation, 2014 - 2025 (Kilotons) (USD Million)
Table 6 Metal casting market estimates and forecasts in industrial, 2014 - 2025 (Kilotons) (USD Million)
Table 7 Metal casting market estimates and forecasts in building & construction, 2014 - 2025 (Kilotons) (USD Million)
Table 8 Metal casting market estimates and forecasts in other applications, 2014 - 2025 (Kilotons) (USD Million)
Table 9 North America metal casting market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 10 North America metal casting market estimates and forecasts, by material, 2014 - 2025 (Kilotons)
Table 11 North America metal casting market estimates and forecasts, by material, 2014 - 2025 (USD Million)
Table 12 North America metal casting market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 13 North America metal casting market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 14 U.S. metal casting market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 15 U.S. metal casting market estimates and forecasts, by material 2014 - 2025 (Kilotons)
Table 16 U.S. metal casting market estimates and forecasts, by material, 2014 - 2025 (USD Million)
Table 17 U.S. metal casting market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 18 U.S. metal casting market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 19 Canada metal casting market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 20 Canada metal casting market estimates and forecasts, by material 2014 - 2025 (Kilotons)
Table 21 Canada metal casting market estimates and forecasts, by material, 2014 - 2025 (USD Million)
Table 22 Canada metal casting market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 23 Canada metal casting market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 24 Mexico metal casting market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 25 Mexico metal casting market estimates and forecasts, by material 2014 - 2025 (Kilotons)
Table 26 Mexico metal casting market estimates and forecasts, by material, 2014 - 2025 (USD Million)
Table 27 Mexico metal casting market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 28 Mexico metal casting market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 29 Europe metal casting market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 30 Europe metal casting market estimates and forecasts, by material, 2014 - 2025 (Kilotons)
Table 31 Europe metal casting market estimates and forecasts, by material, 2014 - 2025 (USD Million)
Table 32 Europe metal casting market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 33 Europe metal casting market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 34 Germany metal casting market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 35 Germany metal casting market estimates and forecasts, by material 2014 - 2025 (Kilotons)
Table 36 Germany metal casting market estimates and forecasts, by material, 2014 - 2025 (USD Million)
Table 37 Germany metal casting market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 38 Germany metal casting market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 39 Russia metal casting market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 40 Russia metal casting market estimates and forecasts, by material 2014 - 2025 (Kilotons)
Table 41 Russia metal casting market estimates and forecasts, by material, 2014 - 2025 (USD Million)
Table 42 Russia metal casting market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 43 Russia metal casting market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 44 France metal casting market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 45 France metal casting market estimates and forecasts, by material, 2014 - 2025 (Kilotons)
Table 46 France metal casting market estimates and forecasts, by material, 2014 - 2025 (USD Million)
Table 47 France metal casting market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 48 France metal casting market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 49 Asia Pacific metal casting market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 50 Asia Pacific metal casting market estimates and forecasts, by material, 2014 - 2025 (Kilotons)
Table 51 Asia Pacific metal casting market estimates and forecasts, by material, 2014 - 2025 (USD Million)
Table 52 Asia Pacific metal casting market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 53 Asia Pacific metal casting market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 54 China metal casting market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 55 China metal casting market estimates and forecasts, by material 2014 - 2025 (Kilotons)
Table 56 China metal casting market estimates and forecasts, by material, 2014 - 2025 (USD Million)
Table 57 China metal casting market estimates and forecasts, by application 2014 - 2025 (Kilotons)
Table 58 China metal casting market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 59 India metal casting market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 60 India metal casting market estimates and forecasts, by material 2014 - 2025 (Kilotons)
Table 61 India metal casting market estimates and forecasts, by material, 2014 - 2025 (USD Million)
Table 62 India metal casting market estimates and forecasts, by application 2014 - 2025 (Kilotons)
Table 63 India metal casting market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 64 Japan metal casting market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 65 Japan metal casting market estimates and forecasts, by material 2014 - 2025 (Kilotons)
Table 66 Japan metal casting market estimates and forecasts, by material, 2014 - 2025 (USD Million)
Table 67 Japan metal casting market estimates and forecasts, by application 2014 - 2025 (Kilotons)
Table 68 Japan metal casting market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 69 Central & South America metal casting market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 70 Central & South America metal casting market estimates and forecasts, by material, 2014 - 2025 (Kilotons)
Table 71 Central & South America metal casting market estimates and forecasts, by material, 2014 - 2025 (USD Million)
Table 72 Central & South America metal casting market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 73 Central & South America metal casting market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 74 Brazil metal casting market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 75 Brazil metal casting market estimates and forecasts, by material 2014 - 2025 (Kilotons)
Table 76 Brazil metal casting market estimates and forecasts, by material, 2014 - 2025 (USD Million)
Table 77 Brazil metal casting market estimates and forecasts, by application 2014 - 2025 (Kilotons)
Table 78 Brazil metal casting market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 78 Middle East & Africa metal casting market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 79 Middle East & Africa metal casting market estimates and forecasts, by material 2014 - 2025 (Kilotons)
Table 80 Middle East & Africa metal casting market estimates and forecasts, by material, 2014 - 2025 (USD Million)
Table 81 Middle East & Africa metal casting market estimates and forecasts, by application 2014 - 2025 (Kilotons)
Table 82 Middle East & Africa metal casting market estimates and forecasts, by application, 2014 - 2025 (USD Million)

List of Figures

Fig. 1 Metal casting market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 Market outlook
Fig. 7 Material segment outlook
Fig. 8 Application segment outlook
Fig. 9 Competitive insights
Fig. 10 Metal casting market volume & revenue, 2014 - 2025 (Kilotons) (USD Million)
Fig. 11 Value chain analysis
Fig. 12 Aggregate value of energy & infra projects underway or completed in 2016 (USD billion)
Fig. 13 Metal casting market: Material movement analysis, 2018 & 2025
Fig. 14 Metal casting market: Application movement analysis, 2018 & 2025
Fig. 15 Metal casting market: Regional snapshot
Fig. 16 Metal casting market: Regional movement analysis, 2018 & 2025
Fig. 17 SWOT, by top players