Market Overview:
The global high-chromium cast iron market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The global high-chromium cast iron market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into general high chromium cast iron and enhanced high chromium cast iron. General high chromium cast iron dominates the global market with a share of more than 60%. On the basis of application, aerospace & defense accounts for majority share in terms of value followed by automotive, building & industrial composites and electronics applications respectively.
Product Definition:
High chromium cast iron is a type of cast iron that has a high chromium content. This type of cast iron is used in applications where wear resistance and corrosion resistance are important.
General High Chromium Cast Iron:
General high chromium (GHCr) cast iron is a type of cast iron with more than three times the saturation point as compared to standard carbon steel. GHCr has higher hardenability and tensile strength, which makes it suitable for manufacturing automotive parts such as cylinder heads, pistons, valves and other engine components.
Enhanced High Chromium Cast Iron:
Enhanced high chromium cast iron is a type of ferrous material that contains more than 15% chrome by weight. It is used in the manufacturing of cookware, baking trays, and broilers owing to its ability to withstand extreme temperatures. Enhanced high chromium (EHC) cast iron also offers excellent resistance towards stains caused due to oil and grease which makes it suitable for use in griddles, frying pans, and oven mitts among other products.
Application Insights:
Aerospace & defense was the dominant application segment in 2016, accounting for a share of over 30.0% in terms of volume. The segment is expected to witness growth on account of increasing demand from military aircraft manufacturers including Russia, China and the U.S., which are increasingly using high-chromium cast iron due to its superior properties including wear resistance and magnetic attraction/repelling force compared to conventional steel alloys used for manufacturing airframes and engines.
The automotive sector accounted for a share of 15% in terms of volume in 2016 owing to rising use across vehicle components such as gearboxes, engine blocks, brake systems and transmission components among others that require excellent durability along with low maintenance cost over the projected period owing to utilization Chromium (III) oxide based coatings or plating solutions applied on them during manufacturing process as well as after completion.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing product demand from the automotive, building and construction, aerospace and defense sectors in China, India, Japan and South Korea. The growing manufacturing sector in these countries will drive product demand over the forecast period.
Europe was valued at USD X million in 2017 as it is one of the major producers of high chromium steel products along with Russia and Turkey. Moreover high-chromium content cast iron has been used for producing heavy machinery such as tractors since they last longer than other similar machines manufactured before 2004 due to enhanced strength resulting from higher chromium contents in these products.
North America accounted for 17% share of global revenue on account rising demand for enhanced performance automobiles coupled with stringent CAFE regulations regarding fuel consumption by automakers operating within U.S.
Growth Factors:
- Increasing demand from the automotive and engineering industries for high-chromium cast iron products is expected to drive the market growth.
- Growing investments in infrastructure development projects are anticipated to boost the demand for high-chromium cast iron products over the forecast period.
- Rising awareness about the benefits of using high-chromium cast iron products is projected to propel market growth in near future.
- Technological advancements in manufacturing processes are likely to provide new opportunities for market growth over the next few years. 5) The increasing use of high chromium cast irons as a replacement material for other metals is expected to create lucrative opportunities for this market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
High-chromium Cast Iron Market Research Report
By Type
General High Chromium Cast Iron, Enhanced High Chromium Cast Iron
By Application
Aerospace & Defense, Automotive, Building & Industrial, Composites, Electronics
By Companies
Shandong Xinhai Mining, Acme Alloys, Kaida Roll, Sunny Steel, Investment Casting Company, Shandong Xinhai Mining
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global High-chromium Cast Iron Market Report Segments:
The global High-chromium Cast Iron market is segmented on the basis of:
Types
General High Chromium Cast Iron, Enhanced High Chromium Cast Iron
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace & Defense, Automotive, Building & Industrial, Composites, Electronics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Shandong Xinhai Mining
- Acme Alloys
- Kaida Roll
- Sunny Steel
- Investment Casting Company
- Shandong Xinhai Mining
Highlights of The High-chromium Cast Iron Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- General High Chromium Cast Iron
- Enhanced High Chromium Cast Iron
- By Application:
- Aerospace & Defense
- Automotive
- Building & Industrial
- Composites
- Electronics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High-chromium Cast Iron Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High-chromium cast iron is a type of cast iron that has been treated with chromium to increase the amount of chromium in the metal. Chromium increases the strength and hardness of cast iron, making it a better choice for products that require high levels of durability.
Some of the key players operating in the high-chromium cast iron market are Shandong Xinhai Mining, Acme Alloys, Kaida Roll, Sunny Steel, Investment Casting Company, Shandong Xinhai Mining.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High-chromium Cast Iron Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High-chromium Cast Iron Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High-chromium Cast Iron Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High-chromium Cast Iron Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High-chromium Cast Iron Market Size & Forecast, 2018-2028
4.5.1 High-chromium Cast Iron Market Size and Y-o-Y Growth
4.5.2 High-chromium Cast Iron Market Absolute $ Opportunity
Chapter 5 Global High-chromium Cast Iron Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 High-chromium Cast Iron Market Size Forecast by Type
5.2.1 General High Chromium Cast Iron
5.2.2 Enhanced High Chromium Cast Iron
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High-chromium Cast Iron Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 High-chromium Cast Iron Market Size Forecast by Applications
6.2.1 Aerospace & Defense
6.2.2 Automotive
6.2.3 Building & Industrial
6.2.4 Composites
6.2.5 Electronics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High-chromium Cast Iron Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High-chromium Cast Iron Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America High-chromium Cast Iron Analysis and Forecast
9.1 Introduction
9.2 North America High-chromium Cast Iron Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America High-chromium Cast Iron Market Size Forecast by Type
9.6.1 General High Chromium Cast Iron
9.6.2 Enhanced High Chromium Cast Iron
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America High-chromium Cast Iron Market Size Forecast by Applications
9.10.1 Aerospace & Defense
9.10.2 Automotive
9.10.3 Building & Industrial
9.10.4 Composites
9.10.5 Electronics
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe High-chromium Cast Iron Analysis and Forecast
10.1 Introduction
10.2 Europe High-chromium Cast Iron Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe High-chromium Cast Iron Market Size Forecast by Type
10.6.1 General High Chromium Cast Iron
10.6.2 Enhanced High Chromium Cast Iron
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe High-chromium Cast Iron Market Size Forecast by Applications
10.10.1 Aerospace & Defense
10.10.2 Automotive
10.10.3 Building & Industrial
10.10.4 Composites
10.10.5 Electronics
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific High-chromium Cast Iron Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High-chromium Cast Iron Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific High-chromium Cast Iron Market Size Forecast by Type
11.6.1 General High Chromium Cast Iron
11.6.2 Enhanced High Chromium Cast Iron
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific High-chromium Cast Iron Market Size Forecast by Applications
11.10.1 Aerospace & Defense
11.10.2 Automotive
11.10.3 Building & Industrial
11.10.4 Composites
11.10.5 Electronics
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America High-chromium Cast Iron Analysis and Forecast
12.1 Introduction
12.2 Latin America High-chromium Cast Iron Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America High-chromium Cast Iron Market Size Forecast by Type
12.6.1 General High Chromium Cast Iron
12.6.2 Enhanced High Chromium Cast Iron
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America High-chromium Cast Iron Market Size Forecast by Applications
12.10.1 Aerospace & Defense
12.10.2 Automotive
12.10.3 Building & Industrial
12.10.4 Composites
12.10.5 Electronics
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) High-chromium Cast Iron Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High-chromium Cast Iron Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) High-chromium Cast Iron Market Size Forecast by Type
13.6.1 General High Chromium Cast Iron
13.6.2 Enhanced High Chromium Cast Iron
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) High-chromium Cast Iron Market Size Forecast by Applications
13.10.1 Aerospace & Defense
13.10.2 Automotive
13.10.3 Building & Industrial
13.10.4 Composites
13.10.5 Electronics
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High-chromium Cast Iron Market: Competitive Dashboard
14.2 Global High-chromium Cast Iron Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Shandong Xinhai Mining
14.3.2 Acme Alloys
14.3.3 Kaida Roll
14.3.4 Sunny Steel
14.3.5 Investment Casting Company
14.3.6 Shandong Xinhai Mining
