Home » Business, Manufacturing & Industry, News & Current Affairs, World » Non-ferrous Casting Market to Grow at 6% CAGR Driven by Automotive Industry to 2020
According to the global non-ferrous casting market report, the rising preference for lightweight and fuel-efficient vehicles in the automotive industry will boost the demand for non-ferrous castings during the estimated period. In this industry, vehicle components like cylinder heads, crankcases, transmission housings, engine blocks, pumps, bearings, suspension and bodywork parts, and wheels are manufactured using various casting methods.

The global non-ferrous casting market report analyze growing environmental concerns have pushed many governments to implement stringent regulations on the manufacturing industry. For instance, in order to reduce GHG emissions, the US Environmental Protection Agency (EPA) has imposed several restrictions on power plants. Governments are also stressing on the use of high fuel-efficient vehicles to reduce GHG emissions. As a result, automotive OEMs are focusing on R&D to improve fuel efficiency and reduce weight of the vehicle.

Complete report on non-ferrous casting market spread across 63 pages, analyzing 5 major companies and providing 45 data exhibits is now available at:
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The analysts forecast global non-ferrous casting market to grow at a CAGR of 6% during the period 2016-2020. Increase in usage of simulation-based castings will propel market growth. Castings are designed precisely using simulation to reduce wastage and costs. However, as metal casting is an energy-intensive industry, its energy requirements increase with the rise in the production of castings.

Segmentation by Metal Type and Analysis of the Non-Ferrous Casting Market – Aluminum, Copper, Magnesium and Zinc

Non-ferrous casting market research analysts have estimated the aluminum-casting segment to account for a market share of more than 82% by 2020. The prospects for growth in this market segment will be heavily influenced by the recent increase in the demand for aluminum casting from the automotive industry. The implementation of the weight reduction strategy by manufacturers in the automotive sector will bolster the need for aluminum casting during the predicted period.

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Application-based Segmentation of the Non-Ferrous Casting Market –Automobiles, Electrical and construction and industrial machinery

In this market study, analysts have estimated the automobiles segment to be the largest market segment during the forecast period. The non-ferrous casting market segment currently dominates the global market for non-ferrous casting and is envisaged to account for a market share of more than 48% by 2020 owing to the automobile manufacturers’ increasing production capacity. This increase in the production capacity will result in the augmented usage of castings for various applications, which in turn will spur growth in this market segment.

The level of competition in this market is expected to intensify by 2020 owing to the recent increase in R&D innovations and M&A. additionally; this market will witness a growing trend of local acquisitions by the leading players, which will help them to diversify their geographical presence.

It also includes an insightful analysis of the leading vendors in non-ferrous casting market, including Alcoa, Amcol Metalcasting, Dynacast, Hitachi, and Precision Castparts.

Other prominent vendors analyzed in this market research are Georg Fischer and Schuler.

Further, the non-ferrous casting market report states that the rise in energy cost for the production of metal castings poses a significant challenge for the growth of the market.

Another related report is Global Aluminum Casting Market 2015-2019, the analysts forecast the global aluminum casting market to grow at a CAGR of 10.02 percent over the period 2014-2019. Enforcement of stringent environmental legislations is expected to exert a positive influence on the market during the forecast period of 2015-2019. In a bid to preserve the environment, countries are complying with stringent legislations to regulate their manufacturing sectors.

Browse complete report at:
http://www.reportsnreports.com/reports/344849-global-aluminum-casting-market-2015-2019.html

Key players in the global aluminum casting market: Alcoa Inc., Dynacast Inc., Gibbs Die Casting Corp. and Ryobi Ltd.

Other prominent vendors in the market are: Alcast, Alcoa Howmet Castings, Bodine Aluminum, Consolidated Metco, Contech, Honsel, Intermet Kaiser Aluminum, Leggett & Platt, Los Angeles Die Casting, Rio Tinto Alcan and Shanghai Cosmopolitan Automobile Accessory.

Explore other reports on Advanced Materials Marketat:
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