Pune, Maharashtra -- (SBWIRE) -- 10/12/2022 -- Global Metal Casting Market Size was valued at USD 30.56 billion in 2021, and expected to reach USD 52.38 billion by 2028, and grow at a CAGR of 8.0 % over the forecast period 2022-2028. The method of metal casting involves pouring molten metal into a hollow container with the desired geometrical shape to create a solidified item. There are various dependable and efficient metal casting materials, including copper, zinc, aluminum, steel, ductile iron, grey iron, and aluminum. Numerous benefits come from metal casting technology, including increased energy efficiency, reduced production costs, improved environmental quality, and the development of novel new cast products. Researchers at foundries can create castings without flaws thanks to these cutting-edge casting technologies, which also enable them to study in-depth phenomena connected to the new casting process parameters.

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Drivers, Restraints, Opportunities and Challenges
Leading manufacturers are expected to introduce product variants based on simulation to reduce operational costs and waste, which would boost the metal casting market over the predicted time. Additionally, the growing investments in R&D operations to manufacture lost foam casting equipment and computer-based visualization to generate alternative molding methods are operating as key growth-inducing elements. Automakers have had to find new ways to enhance fuel efficiency through innovations in powertrain technologies as well as lightening transmissions, suspensions, and body panels as a result of more strict emissions regulations. Manufacturers have developed simulation-based castings as a result of the deteriorating environmental conditions to cut waste and operating expenses.

Impact of the COVID-19 Pandemic
The metal casting market is significantly being impacted by the COVID-19 outbreak. The product's demand is experiencing significant shocks in a number of end markets, global supply chains are disrupted, and the competitive hierarchy of manufacturers and producers has changed. The worldwide chemical industry is currently experiencing an excess due to a lack of demand. Movement limitations seem to have a direct and immediate result, and it is anticipated that once the forced social distance is lifted, everything will return to normal.

Market Segmentation
By Material Type
1.Cast Iron
2.Aluminium
3.Stainless Steel
4.Zinc
5.Magnesium
6.Carbon Steel
7.High Steel Alloy
8.Others

By Process Type
1.Sand Casting
2.Die Casting
3.Shell Mold Casting
4.Gravity Casting
5.Vacuum Casting
6.Investment Casting
7.Others

By End-use
1.Automotive & Transportation
2.Building & Construction
3.Mining
4.Equipment & Machine
5.Consumer Goods
6.Others

The iron casting market has the largest market share by type. The majority of demand in this field is anticipated to come from emerging markets, particularly in the oil and gas, construction, and automotive industries. Investors will probably keep concentrating on finished casting products.
Gravity casting and light alloy die casting are two of the oldest metalworking procedures that have been created. Due to the demand for inexpensive, lightweight parts from a variety of industries, particularly the aerospace industry, the market is predicted to hold a larger market share over the forecast period. Due to its quick casting cycles, flawless finishes, and suitability for automation, the high pressure die casting technique is currently dominating the industry.
The largest metal casting application segment in terms of end use was automotive and transportation, and this trend is anticipated to continue in the years to come. The previous few years have seen a slow but upward trend in the world's car production. Growth in the industrial segment is anticipated to be fueled by the development of the manufacturing sectors in China and other developing nations.

Regional Analysis
Asia Pacific is currently the largest and fastest-growing metal casting market, and it is anticipated that it will keep holding onto that position in the years to come. An important driver in the expansion of the housing and infrastructure sectors is the tendency toward urbanization in China and India. First-time homebuyers are supported financially and encouraged to help the building and design industries grow. The demand for the metal casting sector is favored by the opportunities and support that governments in many nations offer to meet the housing needs of the expanding population. Other reasons that will fuel growth in the region include rising disposable income, increased consumer awareness of autos, and rising preference for vehicles with more powerful engines.

Competitive Landscape Outlook
Some of the prominent companies present in the metal casting market are Aisin Automotive Casting, LLC, Ryobi Limited, Georg Fischer Ltd, Ahresty Corporation, Dynacast, Endurance Technologies Limited, Nemak, and MINO Industry USA, Inc.

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Table Of Content
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact Of Ukraine-Russia War

5. Value Chain Analysis
6. Porter's 5 Forces Model
7. PEST Analysis

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