Global Industry Analysts, Inc. - Influencer Driven AI Powered Real-Time Market Intelligence

The global market for Metal Stampings, Forgings, and Castings is projected to reach US$630 billion by 2024 , driven by encouraging growth in end-use sectors such as automotive, energy, industrial valves, aerospace & defence and the inevitable rise in demand for production machinery and metalworking activity. Metal stamping, forging and castings are important manufacturing processes critical to the production of a range of manufactured parts and finished goods. Stamping involves application of force hydraulic or mechanical presses to metal sheet through hard tooling to produce parts in required design and is considered as one of the most common and economical ways of producing components. Forgings are the intermediate products used by OEMs to produce final products. Casting is one of the methods to give shape to a certain material. Given these processes help in manufacture of parts used in heavy industrial machinery, automobiles, and household products etc., and in production...

Increasing production of primary aluminum in India, the Middle East, and Southeast Asia, as well as increasing use in non-metallurgical applications are poised to drive global Bauxite consumption to exceed 327 million metric tons by 2024, and Alumina consumption to reach 164 million metric tons by 2024 . Bauxite is a naturally occurring heterogeneous material mainly composed of aluminum hydroxide minerals. Bauxite ore is the most important mineral used to produce alumina, the raw material from which aluminum is produced. Bauxite’s other major uses are in abrasives, refractories, aluminous cements, chemicals and proppants. Alumina is a silvery-white colored ductile metal, possessing excellent thermal and conductive characteristics. While much of the alumina is utilized in the production of primary aluminum, non-metallurgical grade alumina is used in refractories. The world Bauxite and Alumina market is growing at a steady rate at the behest of growing aluminum demand, and henc...

Continuous technology developments and innovations aimed at product improvements and the resulting expanding use in key end-use sectors such as automotive, heavy transportation, heavy industrial equipment and machinery manufacturing are poised to drive the global market for industrial castings to exceed 161.6 million metric tons by 2024 . Casting is an old manufacturing method, apart from forging and fabricating, used for shaping metals such as iron, steel, aluminum, magnesium, zinc and copper-based alloys, into various forms. Castings allow integration of several pieces into one single part and in the process eliminate the need for additional assembly and inventory and minimize the overall costs by as much as 50% as against machined parts. Size of castings range from small components such as jewelry and watch cases that weigh few grams, to huge & heavy systems such as marine diesel engines that weigh several tons. Fortunes of industrial castings market is directly dependent ...