North America and Europe Metal Casting Market

The North America and Europe metal casting market size was valued at US$ 14,622.75 million in 2022 and is projected to reach US$ 20,353.54 million by 2030; it is expected to grow at a CAGR of 4.2% from 2023 to 2030.

Market Introduction

Metal Casting are produced with precise technology, high-quality raw materials, and a strong emphasis on safety and further utilized for the desired products manufacturing. The North America and Europe metal casting market is segmented by product type, technology, application, and region.

Metal casting manufacturers focus on expanding their product portfolio and targeting new customer base through geographical expansion strategies. Diversification in terms of geography reduces the company’s dependency on specific location for revenue generation and mitigates risk associated with market fluctuation. Companies seek opportunities to expand their geographic presence in several locations in North America and Europe. In 2021, Kent Foundry planned a US$ 3.5 million expansion project to manufacture gray and ductile iron castings in the US. In 2021, Brinco Planning Indiana steel foundry announced plans to open a steel casting plant in Indiana, US, with an investment of US$ 35 million. The plant is aimed to produce rail components. In 2021, The CA Lawton Co acquired Penn-Mar, a gray and ductile iron foundry in Pennsylvania, the US. Penn-Mar manufactures multi-cored, gray, and ductile iron castings ranging from 68 to 2,268 kgs. In 2021, Neenah Enterprises acquired an 18.7-acre manufacturing facility for US Foundry & Manufacturing Corp, for US$ 17.43 million, in Florida, the US. Further, collaborative efforts with research institutions, universities, and other companies allowed metal casting businesses to access expertise and develop novel solutions. In 2021, Qualcomm, a semiconductor supplier, announced interest in working in partnership with foundries in Europe, if incentive programs to drive automotive chip production in Europe attract the right partners. Therefore, strategic expansion strategies by several market players are expected to create lucrative opportunities in the North America and Europe metal casting market during the forecast period.

Key Market Segments

Based on Application, the North America and Europe metal casting market is segmented into Automotive, Aerospace, Marine, Textile, Building and Construction, Oil and Gas, Industrial Machinery, and Others. In 2022, the automotive segment held the largest share in North America and Europe metal casting market. The aerospace is another attractive segment in North America and Europe metal casting market. The aerospace industry requires products manufactured with precise dimensions. Thus, metal casting is used for manufacturing and designing small and large aviation components. The metal-casted products are highly affordable and suitable for commercial and military sectors, especially for fighter planes.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the North America and Europe metal casting market are paid databases (factiva), publications, hoovers, investor presentations, newsletter, sec archives, annual reports, and other information available in public domain. Orica Limited, Al Fajar Al Alamia Co SAOG, Dyno Nobel, China Poly Group Corporation, NOF Corporation, Hanwha Group, Anhui Jiangnan Chemical Co Ltd, Koryo Nobel Explosives, Solar Group, and Omnia Group Company are some of the major players operating in the North America and Europe metal casting market.

Reasons to buy report

• Progressive industry trends in the North America and Europe metal casting market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the North America and Europe metal casting market from 2020 to 2030
• Estimation of the demand for metal casting in North America and Europe across various industries
• Recent developments to understand the competitive market scenario and the demand for metal casting in North America and Europe.
• Market trends and outlook coupled with factors driving and restraining the growth of the North America and Europe metal casting.
• Decision-making process by understanding strategies that underpin commercial interest with regard to North America and Europe metal casting market growth
• North America and Europe metal casting market size at various nodes of market
• Detailed overview and segmentation of the North America and Europe metal casting market as well as its dynamics in the industry
• North America and Europe metal casting market size in various regions with promising growth opportunities

North America and Europe Mining Explosives Market Segmentation

North America and Europe Mining Explosives Market, by Product Type

• Carbon Steel Alloys
• Stainless Steel Alloys
• Aluminum Alloys

North America and Europe Mining Explosives Market, by Technology

• Sand Casting
• Investment Casting
• Gravity Die Casting
• Others

North America and Europe Mining Explosives Market, by Application

• Automotive
• Aerospace
• Marine
• Textile
• Building and Construction
• Oil and Gas
• Industrial Machinery
• Others

North America and Europe Mining Explosives Market, by Region

• North America
  • The US
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe

Company Profiles

• ArcelorMittal SA
• Posco Holdings Inc
• Alcoa Corp
• Lucchini RS SpA
• RYOBI Aluminium Casting (UK) Ltd
• Allard-Europe NV
• FONDERIA AUGUSTA Srl
• MEDEKO CAST Sro
• Tycon Alloy Industries (HongKong) Co Ltd
• Novacast Ltd

North America and Europe Metal Casting Market Strategic Insights

North America and Europe Metal CastingMarket Report Highlights

North America and Europe Metal Casting Market Country and Regional Insights