Iron Casting Market in North America: Key Trends, Industry Opportunities and Forecast
The latest industry research report on Iron Casting Market in North America by MRC provides a thorough analysis of the Iron Casting Market in North America. The report scrutinizes the market by different segments including regions, applications, competitive landscape, etc. over the predicted time frame. This report provides 360 Degree perspective of the Iron Casting Market in North America with an all-inclusive discussion of definitions, classifications, and market players in the industry chain structure. It features qualitative and quantitative analysis of the industry taking into consideration the significant development factors, competition in the market, and important reasons impacting the market growth.
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key players in the iron casting market in North America: American Axle & Manufacturing, GIS, Hitachi Metals, and Neenah Foundry, and OSCO INDUSTRIES.
Other Prominent Vendors in the market are: Aarrowcast, ACCURIDE INTERNATIONAL, Badger Foundry, Bremen Castings, Casting Solutions, Decatur Foundry, Deere & Company, Dotson Iron Castings, Elyria Foundry Company and Hodge Foundry, Rochester Metal Products, Teksid, The Quality Castings Company, WARD MANUFACTURING, Weil-McLain, and Wescast.
Commenting on the report, an analyst from Technavios team said: One trend in the market is modernization in the foundry industry. Foundries are substituting the conventional molding methods with automated molding methods. They include the adoption of mechanized disamatic molding for sand molding, induction furnace for melting, and continuous casting for chemical sand binding. Stringent quality standards and benchmarks are also being practiced extensively.
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According to the report, one driver in the market is growth of the automotive industry. The automotive industry in the region is exhibiting a high growth rate backed by the increased sales of passenger and commercial vehicles. Automobile producers focus on launching new models and cars to be competent in the market. The increasing demand for vehicles in North America is one of the major driving forces behind the growth of the iron casting market in North America. Cast irons are used extensively in the automotive industry to manufacture engine parts, such as bushings, differential shell, car cylinder blocks, suspensions, steering parts like control arm shafts, brake drums, crankshafts, and heavy-duty gears.
Further, the report states that one challenge in the market is increasing demand for aluminum casting. The use of aluminum casting has been witnessing growth as it used as a substitute for iron casting, primarily for ornately detailed decorative elements. There are several features of aluminum, like lightweight, excellent resistance to corrosion, and less brittle than cast iron, which makes it increasingly preferred. Iron casting is very robust and durable when used appropriately and protected from severe exposure. Although it has been found in columns, it has not been found in structural beams because of the fact that it is stronger in compression than in tension.
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Iron casting is one of the oldest ferrous metals that consists of carbon, silicon, and small amounts of sulfur, manganese, and phosphorous. The different types of iron castings include gray cast iron, ductile cast iron, and malleable cast iron. Iron castings have high carbon content and are hard, brittle, more fusible, and non-malleable. They are used extensively in different applications, such as automotive, industrial machinery, infrastructure and construction machines, and power and energy.
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