Market Overview:
The global non-ferrous metal castings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for non-ferrous metal castings from various end-use industries, such as automotive, industry, and agriculture. In terms of type, the light metal segment is expected to dominate the global non-ferrous metal castings market during the forecast period. This can be attributed to factors such as lightweight and high strength properties of light metals compared with other metals.
Product Definition:
Non-ferrous metal castings are made from metals that do not contain significant levels of iron. These castings are typically used in applications where corrosion resistance or electrical conductivity is important. Non-ferrous metal castings can be made from a variety of materials, including aluminum, brass, bronze, copper, and magnesium.
Light Metal:
Light metal is a term used for metals having low density and specific gravity. Some of the commonly known light metals are aluminum, copper, zinc, tin and lead. Light metal casting is widely used in foundry sand molds to produce complex shapes such as animals or people which are then bronzed. The bronzing process requires high temperature (around 2200 C) and pressure (up to 200 kg/sq.
Heavy Metal:
Heavy metal is a term used for any element that has atomic number greater than 26. The most common examples are iron, nickel, chromium, and copper. Heavy metals are usually found in the earth's crust in combination with other minerals such as gold and silver. They can also be produced by mining process known as placer mining which involves concentrating mineral deposits from rivers through floatation then leaching the concentrates to obtain the metal of interest.
Application Insights:
The industry application segment accounted for the largest market share of over 60% in 2017. The growth can be attributed to increasing demand from various industries including automotive, construction, and others such as machinery and equipment manufacturing. Increasing urbanization has led to an increase in the number of automobiles which is expected to boost product demand over the forecast period.
Automotive was one of the major applications accounting for a significant volume share in 2017 owing to growing sales of passenger cars and light commercial vehicles worldwide. Rapidly expanding automobile production across emerging economies such as India, China, Brazil is also expected to contribute significantly towards segment growth during the forecast period. In addition, stringent regulations regarding reduction in vehicular weight are likely to propel product demand from automotive applications during future years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. These countries are witnessing strong economic growth owing to various factors such as increasing population, rising disposable income of consumers and rapid urbanization & industrialization.
China emerged as a major consumer for NC casting products due to high production volume of vehicles in this country coupled with growing investments by domestic manufacturers for capacity expansion. In addition, favorable government policies encouraging domestic manufacturing activities are anticipated to drive demand further over the coming years.
Europe accounted for a significant share of revenue in 2017 on account of high automotive production volumes across Germany (engine), France (gearbox) Italy (body structure) Russia (chassis), UK(engine) Denmark(gearbox), Belgium(body structure) Sweden(chassis).
Growth Factors:
- Increasing demand from the automotive and transportation sector: The global automotive and transportation sector is growing at a rapid pace, owing to the increasing disposable income of consumers and the rising demand for passenger cars and commercial vehicles. This is expected to drive the demand for non-ferrous metal castings in the coming years.
- Growing demand from the construction sector: The global construction industry is witnessing a steady growth, propelled by factors such as urbanization, population growth, and infrastructure development projects. This is expected to create opportunities for non-ferrous metal castings in the near future.
- Rising popularity of lightweight materials: With governments across the globe focusing on reducing greenhouse gas emissions, there is an increasing focus on using lightweight materials in automobiles and other transportation modes. Non-ferrous metal castings are ideal for use in lightweight applications as they are strong yet light weight alternatives to traditional ferrous metals such as steel alloys. This is likely to boost their popularity in upcoming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Non-ferrous Metal Castings Market Research Report
By Type
Light Metal, Heavy Metal
By Application
Automobile, Industry, Agriculture, Other
By Companies
Precision Castparts, Alcoa Inc., Posco, Chalco, Jiangxi Copper, Thyssenkrupp, Beijing Jingtian Precision Investment Casting Co. Ltd., ...
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Non-ferrous Metal Castings Market Report Segments:
The global Non-ferrous Metal Castings market is segmented on the basis of:
Types
Light Metal, Heavy Metal
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
Automobile, Industry, Agriculture, Other
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:
- Precision Castparts
- Alcoa Inc.
- Posco
- Chalco
- Jiangxi Copper
- Thyssenkrupp
- Beijing Jingtian Precision Investment Casting Co. Ltd.
- ...
Highlights of The Non-ferrous Metal Castings 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:
- Light Metal
- Heavy Metal
- By Application:
- Automobile
- Industry
- Agriculture
- Other
- 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 Non-ferrous Metal Castings 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?
Non-ferrous metal castings are a type of casting that is used to create objects from non-metallic materials. These objects can include parts for machines, vehicles, and other equipment. Non-ferrous metal castings are also used in the manufacturing of products such as pipes and tubes.
Some of the major players in the non-ferrous metal castings market are Precision Castparts, Alcoa Inc., Posco, Chalco, Jiangxi Copper, Thyssenkrupp, Beijing Jingtian Precision Investment Casting Co. Ltd..
The non-ferrous metal castings market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Non-ferrous Metal Castings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Non-ferrous Metal Castings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Non-ferrous Metal Castings Market - Supply Chain
4.5. Global Non-ferrous Metal Castings Market Forecast
4.5.1. Non-ferrous Metal Castings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Non-ferrous Metal Castings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Non-ferrous Metal Castings Market Absolute $ Opportunity
5. Global Non-ferrous Metal Castings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Non-ferrous Metal Castings Market Size and Volume Forecast by Type
5.3.1. Light Metal
5.3.2. Heavy Metal
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Non-ferrous Metal Castings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Non-ferrous Metal Castings Market Size and Volume Forecast by Application
6.3.1. Automobile
6.3.2. Industry
6.3.3. Agriculture
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Non-ferrous Metal Castings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Non-ferrous Metal Castings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Non-ferrous Metal Castings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Non-ferrous Metal Castings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Non-ferrous Metal Castings Demand Share Forecast, 2019-2029
9. North America Non-ferrous Metal Castings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Non-ferrous Metal Castings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Non-ferrous Metal Castings Market Size and Volume Forecast by Application
9.4.1. Automobile
9.4.2. Industry
9.4.3. Agriculture
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Non-ferrous Metal Castings Market Size and Volume Forecast by Type
9.7.1. Light Metal
9.7.2. Heavy Metal
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Non-ferrous Metal Castings Demand Share Forecast, 2019-2029
10. Latin America Non-ferrous Metal Castings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Non-ferrous Metal Castings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Non-ferrous Metal Castings Market Size and Volume Forecast by Application
10.4.1. Automobile
10.4.2. Industry
10.4.3. Agriculture
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Non-ferrous Metal Castings Market Size and Volume Forecast by Type
10.7.1. Light Metal
10.7.2. Heavy Metal
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Non-ferrous Metal Castings Demand Share Forecast, 2019-2029
11. Europe Non-ferrous Metal Castings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Non-ferrous Metal Castings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Non-ferrous Metal Castings Market Size and Volume Forecast by Application
11.4.1. Automobile
11.4.2. Industry
11.4.3. Agriculture
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Non-ferrous Metal Castings Market Size and Volume Forecast by Type
11.7.1. Light Metal
11.7.2. Heavy Metal
11.8. Basis Point Share (BPS) Analysis by Type
11.9.Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Non-ferrous Metal Castings Demand Share, 2019-2029
12. Asia Pacific Non-ferrous Metal Castings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Non-ferrous Metal Castings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Non-ferrous Metal Castings Market Size and Volume Forecast by Application
12.4.1. Automobile
12.4.2. Industry
12.4.3. Agriculture
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Non-ferrous Metal Castings Market Size and Volume Forecast by Type
12.7.1. Light Metal
12.7.2. Heavy Metal
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Non-ferrous Metal Castings Demand Share, 2019-2029
13. Middle East & Africa Non-ferrous Metal Castings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Non-ferrous Metal Castings Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Non-ferrous Metal Castings Market Size and Volume Forecast by Application
13.4.1. Automobile
13.4.2. Industry
13.4.3. Agriculture
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Non-ferrous Metal Castings Market Size and Volume Forecast by Type
13.7.1. Light Metal
13.7.2. Heavy Metal
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Non-ferrous Metal Castings Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Non-ferrous Metal Castings Market: Market Share Analysis
14.2. Non-ferrous Metal Castings Distributors and Customers
14.3. Non-ferrous Metal Castings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Precision Castparts
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Alcoa Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Posco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chalco
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Jiangxi Copper
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Thyssenkrupp
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Beijing Jingtian Precision Investment Casting Co. Ltd.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ...
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
