Industrial Castings: A Global Strategic Business Report
San Jose, CA (PRWEB) March 11, 2008
Rising demand for aluminum castings and magnesium die-castings in auto and non-auto industries is one of the key factors propelling market growth. Greater aluminum and magnesium content in automobiles is likely to drive higher consumption of the materials in the auto industry. Bright prospects for industrial castings also exist in the industrial machinery, and aerospace sectors.
Asia-Pacific represents the largest market for industrial castings worldwide. The market is estimated at 27.4 million tons for 2007, as stated by Global Industry Analysts, Inc. Europe is the second largest market followed by United States at third position. Collectively, North America, Europe and Asia (including Japan) account for about 85 percent of the global industrial castings market. Demand for ferrous castings is forecast to be 75.3 million tons in 2010. Market for non-ferrous castings is estimated at 9.2 million tons for 2007.
Market participants include AmeriCast Technologies, Esco Corp, GIW Industries, Intermet Corp, Kubota Corp, Precision Metalsmiths, Ryobi Ltd and Wyman-Gordon Company.
"Industrial Castings: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, product profile, players, competition, end-use applications, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Spain, Asia, Latin America and the Middle East. Analytics are provided in terms of product segments including Ferrous Castings (Gray Iron Castings, Ductile Iron Castings, Malleable Iron Castings, and Steel Castings) and Non-Ferrous Castings (Aluminum Castings, Copper Castings, Magnesium Castings and Other Nonferrous Castings) Markets. The study also presents historic data for an insight into market evolution over the past fifteen years.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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