Technology Innovations Continue to Boost the Functional Value & Commercial Significance of Industrial Castings
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 ...