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Global Ductile Cast Iron Market is Projected to Reach 2,990 Kilo MT by 2025

Author: QYResearch  |   Published Date: 2019-06-28   |   Views: 17


Ductile Cast Iron.jpg

Author: Wu Xiaomei


Ductile iron, also known as ductile cast iron, nodular cast iron, spheroidal graphite iron, spheroidal graphite cast iron and SG iron, is a type of graphite-rich cast iron discovered in 1943 by Keith Millis. While most varieties of cast iron are weak in tension and brittle, ductile iron has much more impact and fatigue resistance, due to its nodular graphite inclusions.


The Ductile Cast Iron industry was 2,580 Kilo MT in 2018 and is projected to reach 2,990 Kilo MT by 2025, at a CAGR (Compounded Annual Growth Rate) of 2.2% between 2019 and 2025.


The key players are Waupaca Foundry, American Axle & Manufacturing (AAM), Neenah Foundry, Metal Technologies, Inc., Cifunsa, Wescast Industries(Bohong), INTAT Precision, Chassix, Aarrowcast, Inc., Cadillac Casting, Inc., Rochester Metal Products, Goldens'Foundry, Weichai, Georg Fischer, Dotson, Nelcast, Willman Industries, Gartland Foundry and so on.


Click to view the full report TOC, figure and tables:

https://www.qyresearch.com/index/detail/779838/global-ductile-cast-iron-market


Global market for Ductile Cast Iron is driven by growing manufacturing activity, particularly rising automobile parts production in developing markets. Growth in the market is driven by regional powerhouses, China and India, which continue to witness steady increases in outsourced manufacturing activity.


Ferrous casting has been successful in creating near net shapes for thousands of years. While the process has significant advantages, the high cost and time involved in the creation of tooling have limited the casting industry.


There are several 3D printing processes which can be used to build ferrous casting patterns, allowing more designs to be cast without the initial expense and time to fabricate wax pattern tooling.


The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.


The report provides a basic overview of the Ductile Cast Iron industry including definition, classification, application and industry chain structure. Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Ductile Cast Iron industry development trends and marketing channels are analyzed.


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