Ductile iron, also known as ductile cast iron, nodular cast iron, spheroidal graphite iron, spheroidal graphite cast iron and SG iron, is a type of graphite-rich cast iron discovered in 1943 by Keith Millis. While most varieties of cast iron are weak in tension and brittle, ductile iron has much more impact and fatigue resistance, due to its nodular graphite inclusions.
Global market for Ductile Cast Iron is driven by growing manufacturing activity, particularly rising automobile parts production in developing markets. Growth in the market is driven by regional powerhouses, China and India, which continue to witness steady increases in outsourced manufacturing activity.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
According to this study, over the next five years the Ductile Cast Iron market will register a -1.3% CAGR in terms of revenue, the global market size will reach US$ 2800 million by 2024, from US$ 2990 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Ductile Cast Iron business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Ductile Cast Iron market by product type, application, key manufacturers and key regions and countries.
This study considers the Ductile Cast Iron value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Vertical Molding Ductile Iron
Horizontal Molding Ductile Cast Iron
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Machinery & Equipment
Automotive
Construction
Oil & Gas
Aerospace
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Waupaca Foundry
American Axle & Manufacturing (AAM)
Neenah Foundry
Metal Technologies, Inc.
Cifunsa
Wescast Industries(Bohong)
INTAT Precision
Chassix
Aarrowcast, Inc.
Cadillac Casting, Inc.
Rochester Metal Products
Goldens'Foundry
Weichai
Georg Fischer
Dotson
Nelcast
Willman Industries
Gartland Foundry
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Ductile Cast Iron consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Ductile Cast Iron market by identifying its various subsegments.
Focuses on the key global Ductile Cast Iron manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Ductile Cast Iron with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Ductile Cast Iron submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Ductile Cast Iron. Industry analysis & Market Report on Ductile Cast Iron is a syndicated market report, published as Global Ductile Cast Iron Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Ductile Cast Iron market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.