Metal Casting Market Size is expected to reach USD 178.0 billion 2019 - 2025

1. Metal Casting Market Size is expected to reach USD 178.0 billion 2019 - 2025 “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.” 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. Request A Sample Copy Of This Report at: https://www.radiantinsights.com/research/metal-casting-market/request-sample Follow Us:

2. 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. Browse Full Research Report at: https://www.radiantinsights.com/research/metal- casting-market 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 Follow Us:

3. •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. See More Reports of This Category by Radiant Insights at: https://www.radiantinsights.com/catalog/materials About Radiant Insights,Inc: Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions. Contact Details: Michelle Thoras Corporate Sales Specialist, USA Radiant Insights, Inc 28 2nd Street, Suite 3036, San Francisco, CA 94105, United States Phone: 1-415-349-0054 Toll Free: 1-888-202-9519 Email: sales@radiantinsights.com Web: http://www.radiantinsights.com/ Visit Our Blog: http://industryinsightreport.blogspot.com Follow Us: