Compacted Graphite Iron (CGI) Market

Global Market Scenario of Compacted Graphite Iron (CGI) Industry • As per a new research report by Global Market Insights, Inc., the compacted graphite iron market is estimated to surpass a $9.2 million valuation by 2026. • The compacted graphite iron market is slated to witness considerable growth over the coming time period owing to the increasing adoption of luxury vehicles. Today, consumers expect enhanced driving experience as well as comfort from their vehicles, which is favorably shaping industry gains. • Shifting preferences have also led to a surge in production and sales of super cars, particularly in Europe, stimulating the industry outlook. Subsequently, rising popularity of corrosion resistant automobile components will complement the business scenario. • Numerous countries are promoting technology and material solutions to decrease the levels of vehicle pollution. Given the overall increase in awareness among the general population, automakers are advertising the use of lightweight components and integration of fuel-saving solutions to attract consumer attention. This highlights a new trend in the field of automobiles, on that will help surge the use of CGI in vehicle engines. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

Continue:- • Prominent industry players are increasingly undertaking various strategic initiatives, including novel product launch, research and development, acquisitions, and collaborations for consolidating their market share. • For instance, in June 2020, after the outcome of a comprehensive six-month long trial, WHB Automotive, a prominent supplier of independent automotive components in Brazil, applied a purchase option to acquire the System 4000 process control equipment of SinterCast. This acquisition provides WHB Automotive with full capability for complete series production of CGI (compacted graphite iron). • With respect to product, the overall market is classified into nodule and spheroid shape. Among these, spheroids segment is much more popular across the market and is anticipated to witness a revenue gain of more than $5.5 million by the end of 2026. This growth is attributed to the adaptability of the product in main engine components. • In terms of application, the market for compacted graphite iron is segmented into power generation, construction, construction, marine and others such as manufacturing and metallurgy. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

360° Industry Analysis • Meanwhile, key participants in the market have been undertaking various strategies so as to strengthen their product portfolios, offering diverse technologically advanced and new products to their customers. For instance, in June 2020, Grede, a leading developer, manufacturer, assembler as well as supplier of gray, ductile and specialty iron castings as well as machined components for the industrial, automotive, and commercial vehicles sector, announced the purchase of assets of iron castings foundry, namely Renaissance manufacturing Group, Waukesha. • The acquisition expands Grede’s strategic growth in the industrial and commercial vehicle markets. The firm is now effectively equipped to meet the rising demand for top-quality casting products within a cost-conscious market. Request for customization:https://www.gminsights.com/roc/4866 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

Competitive Analysis: • EisengiessereiBaumgarte GmbH, Teksid Iron, Saguenay Foundry, Hebei Jing County Jinli Casting, Inc, Silbitz Group GmbH, ASI International, Ltd., Sintercast AB, Waupaca Foundry, Durham Foundry, Atlas Foundry Company are some of the key players operating in the Compacted Graphite Iron (CGI) Market. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

Latest Research Report On Compacted Graphite Iron (CGI) Market@ https://www.gminsights.com/industry-analysis/compacted-graphite-iron-cgi-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/4866 Request for customization: https://www.gminsights.com/roc/4866 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

Compacted Graphite Iron (CGI) Market