Cast iron is used in many engineered products, including automotive parts, tools, construction and mining equipment and heating equipment. Although cast iron is facing increasing competition from substitute materials, there are factors that have promoted growth in the industry. In some cases, products are being made by downstream industries using casting instead of other metal-forming methods because it can save money. In addition, original equipment manufacturers have increasingly been choosing to outsource component manufacturing, including iron casting, to specialist independent casting firms.
Companies in this industry operate iron foundries, which produce iron and steel products through a process called casting. This involves pouring molten ferrous metals into moulds.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.