Metal Casting Market Scope And Analysis

Report Code : TIPRE00007194
Category : Chemicals and Materials

Status : Published
No. of Pages : 253

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Metal Casting Market Analysis and Scope (2023 to 2030)

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Metal Casting Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 164.1 Billion
Market Size by 2030	US$ 253.22 Billion
Global CAGR (2022 - 2030)	5.6%
Historical Data	2020-2021
Forecast period	2023-2030
Segments Covered	By Product Type Carbon Steel Alloys Stainless Steel Alloys Aluminum Alloys Grey Iron Ductile Iron By Process Sand Casting Investment Casting Gravity Die Casting By Application Automotive Aerospace Marine Textile Building and Construction Oil and Gas Industrial Machinery
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	ArcelorMittal SA Posco Holdings Inc Alcoa Corp Lucchini RS SpA RYOBI Aluminium Casting UK Ltd Allard Europe NV FONDERIA AUGUSTA Srl MEDEKO CAST Sro Tycon Alloy Industries HongKong Co Ltd

IMPACT OF COVID-19 Pandemic

Lockdowns, travel restrictions, and business shutdowns due to the COVID-19 pandemic adversely affected economies and industries in various countries across the globe. The crisis disturbed supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. These disruptions restricted the availability of metal casting. It caused delays in production and increased costs, negatively impacting the overall supply of metal casting. Many foundry operations were temporarily halted or scaled back during the COVID-19 pandemic to comply with lockdown measures and ensure the safety of workers. In addition, the pandemic impacted the global economy, leading to fluctuations in commodity prices and reduced demand for metals. As a result, foundry companies were cautious about their investments, which influenced their demand for metal casting.

The global marketplace is recovering from the losses as governments of different countries have announced relaxation in the restrictions. Metal casting activities are rebounding as countries gradually recover from the pandemic and vaccination efforts continue. Manufacturers are permitted to operate at full capacity to overcome the supply gap. Increased infrastructure investments and stimulus packages in many regions drive the demand for metals. Thus, the global metal casting market is anticipated to grow strongly during the forecast period.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

ArcelorMittal SA, Posco Holdings Inc, Alcoa Corp, Lucchini RS SpA, RYOBI Aluminium Casting (UK) Ltd, Allard-Europe NV, FONDERIA AUGUSTA Srl, MEDEKO CAST Sro, Tycon Alloy Industries (Hong Kong) Co Ltd, and Novacast Ltd are among the key players operating in the global metal casting market.