The Global Malleable Iron Castings Market size is expected to grow from USD 2.6 billion in 2019 to USD XX billion by 2028 at a CAGR of 6.4% during the forecast period from 2021-2028. The demand for malleable iron castings is driven primarily due to its cost-effectiveness and versatility as compared with other casting materials such as grey iron, ductile irons, or aluminum alloys which are used in various applications across different industries.
Malleable Iron Castings are iron alloys that have been heated and cooled. When molten, the metal is poured into a mold where it cools to form the shape of the object. After cooling and solidifying, most malleable irons can be hammered or machined without breaking due to their relatively low melting point compared with steel or other types of metals.
On the basis of Types, the market is segmented into Vertical Molding and Horizontal Molding.
Vertical molding is a process of casting malleable iron products, also known as sand or sand-casting. The molten metal is poured into the bottom opening in the vertical cooling chamber, and then it flows to the top part of the mold where castings are formed. Vertical molds can produce a large number of small parts with high efficiency for industries like the automotive industry.
Horizontal molding is a casting process where the molten metal is poured into a horizontal surface at one end. In this type of cast, the liquid to be molded flows over an inclined plane and then solidifies when it falls on another inclined plane. This has resulted in creating two-dimensional shapes that are uniform in thickness.
On the basis of Application, the market is segmented into Aerospace Equipment, Internal Combustion Engines, Construction Machinery/Equipment, Oil Field Equipment, Valves & Fittings, Special Industry Machinery, Instruments.
The main use of Castings in the Aerospace industry is for prototypes and pre-production models. A casted prototype will be used to test various structural, aerodynamic, functional, or wear characteristics before proceeding into production with more costly component manufacturing processes like forging or machining.
The use of Malleable Iron Castings in Internal Combustion Engines has increased over the years because this material is cost-effective and can withstand high heat. It also offers low weight, which helps to lower fuel consumption.
Construction Machinery/Equipment is one of the major end-users of Malleable Iron Casting Products. They feel its strength and durability when they use it to manufacture a variety of heavy equipment, which includes bulldozers, excavators, cranes, and others. It also has better thermal conductivity properties than other metals such as steel or aluminum due to its high silicon content. This property makes it suitable for applications where heat dissipation needs to be minimized such as engines that come into contact with exhaust gas streams from internal combustion motors (ICMs).
Oil field equipment most commonly uses malleable iron castings in valves, fittings, and directional control valves. In order to restrict or direct the flow of oil on a rig, there are different types of valves that can be used. Directional Valves help regulate the direction of flow while Check Valve helps stop backflow from happening during an emergency situation.
Malleable Iron Castings are used in this application due to their unique properties such as resistance against corrosion, toughness, and malleability. These features make cast iron a good material for applications that involve external forces applied over long periods of time or high operating temperatures.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is expected to dominate the market and is projected to grow significantly in terms of revenue over the forecast period, owing to robust vehicle demand coupled with high fuel consumption levels as compared with other regions.
Middle East & Africa are also set for rapid growth on account of increasing infrastructure spending across various sectors such as telecom, automotive industry, and construction machinery sector.
Up Market Research published a new report titled “Malleable Iron Castings Market research report which is segmented by Types (Vertical Molding, Horizontal Molding), By Applications (Aerospace Equipment, Internal Combustion Engines, Construction Machinery/Equipment, Oil Field Equipment, Valves & Fittings, Special Industry Machinery, Instruments), By Players/Companies Intercast & Forge Pty. Ltd. (Australia), Avalon Precision Metalsmiths (US), Georg Fischer Ltd. (Switzerland), Precision Castparts Corp. (US), Great Lakes Castings LLC (US), Alcoa Inc. (US), Doosan Heavy Industries & Construction Co., Ltd. (South Korea), Kubota Corp. (Japan), Bradken-Engineered Products (US), Shiloh Industries Inc. (US), Esco Corporation (US), Meridian Lightweight Technologies Inc. (US), AvioCast Inc. (Taiwan), Doncasters PLC (UK), Ryobi Ltd. (Japan), GIW Industries (US), Bradken Limited (Australia)”.
|Report Attributes||Report Details|
|Report Title||Malleable Iron Castings Market Research Report|
|By Type||Vertical Molding, Horizontal Molding|
|By Application||Aerospace Equipment, Internal Combustion Engines, Construction Machinery/Equipment, Oil Field Equipment, Valves & Fittings, Special Industry Machinery, Instruments|
|By Companies||Intercast & Forge Pty. Ltd. (Australia), Avalon Precision Metalsmiths (US), Georg Fischer Ltd. (Switzerland), Precision Castparts Corp. (US), Great Lakes Castings LLC (US), Alcoa Inc. (US), Doosan Heavy Industries & Construction Co., Ltd. (South Korea), Kubota Corp. (Japan), Bradken-Engineered Products (US), Shiloh Industries Inc. (US), Esco Corporation (US), Meridian Lightweight Technologies Inc. (US), AvioCast Inc. (Taiwan), Doncasters PLC (UK), Ryobi Ltd. (Japan), GIW Industries (US), Bradken Limited (Australia)|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||205|
|Number of Tables & Figures||144|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Vertical Molding, Horizontal Molding and By Application Aerospace Equipment, Internal Combustion Engines, Construction Machinery/Equipment, Oil Field Equipment, Valves & Fittings, Special Industry Machinery, Instruments.
Some of the companies that are profiled in this report are:
Malleable Iron Castings Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Malleable Iron Castings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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