Float Glass Market Advanced Technologies and Growth Opportunities Worldwide By 2031

 Float Glass Market Growth & Trends

The global float glass market size is expected to reach USD 67.30 billion by 2031, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.6% over the forecast period. The market is projected to be driven by the growing investments in the construction sector and rising demand from the automotive, transportation, and solar energy industries. Float glass is manufactured using the float process, where the molten glass is allowed to solidify over a layer of molten liquid metal. Float glass has gained significance in building & construction in recent years due to the increasing number of projects and rising investment in both residential & non-residential sectors, which directly fuels product consumption.

Moreover, the energy demand has increased rapidly across the globe owing to the rising global population. This, in turn, has led governments of different countries to invest in improving their energy generation capacity and resort to alternative sources like solar energy. As a result, countries are investing in solar activities to cater to the growing global demand for energy. These activities are anticipated to generate demand for float glass, which finds usage in applications like solar panels. For instance, in March 2022, China’s government announced plans to generate 1,200 GW of energy from solar and wind by 2030. In addition, the government also intends to install 450 GW of wind and solar power capacity in the Gobi Desert by 2030.

Furthermore, the product is used inautomotive, marine, and aerospace applications in manufacturing components, such as windshields, sunroofs, windows, and mirrors. These components use various types of float glass products, such as clear, reflective, tinted, and mirror, among others, based on their specific requirements. As the automotive industry continues to evolve through technological advancements, glass manufacturers make efforts to meet the industry’s particular requirements. This, in turn, is anticipated to augment market growth over the forecast period. Asia Pacific dominated the market in 2022 with a revenue share of more than 63.0%.

The regional market will expand further at the fastest CAGR retaining its leading position throughout the forecast period due to the high application share of the building & construction segment. Moreover, the rising population and rapid urbanization, and investments in infrastructure developments & the energy industry are expected to boost the regional market growth in the years to come. However, owing to the recent global economic scenarios, the real estate sector of countries like China witnessed subdued demand and is trying to revive it. To support this, the Chinese government is setting up new initiatives. For instance, in February 2023, China launched a pilot program for real estate private equity investment funds.

The China Securities Regulatory Commission has allowed private equity funds to invest in projects under construction, rental projects, affordable homes, and residential housing on a trial basis. Companies are adopting strategic initiatives, such as production capacity expansions, research & development, and mergers & acquisitions, to stay ahead in the market. The key players primarily focus on research & development to bolster technologies, support innovations, and increase brand recognition to meet the rising demand amid the current situation. For instance, in September 2022, Saint-Gobain announced an investment exceeding USD 162.0 million in Egypt to expand its operations and build new production facilities. The company plans to start two new production facilities for float glass and building materials in the next three years to cater to domestic and export markets.

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Float Glass Market Report Highlights

• The clear glass product segment is expected to grow at the fastest rate of 4.8%, in terms of revenue, over the forecast period due to high product demand on account of its transparency, thickness, flatness, and surface finishing
• The energy application segment is expected to grow at the fastest CAGR of 5.4% in terms of revenue from 2023 to 2031. The global shift toward a sustainable energy source, owing to climate change, is emphasizing lowering carbon emissions across various industries propelling the segment's growth over the forecast period
• The market in India is anticipated to register a CAGR of 5.5%, in terms of revenue, during the forecast period. Favorable government policies in the automotive industry are boosting vehicle production and, thus, are anticipated to augment product demand
• Due to intense competitive rivalry, leading players invest in marketing and R&D activities to remain competitive. For instance, in January 2023, AGC Inc. developed a new digital twin technology for float glass furnaces to help the glass melting process

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Float Glass Market Segmentation

Grand View Research has segmented the global float glass market on the basis of product, end-use, and region:

Float Glass Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2031)

• Clear
• Tinted
• Reflective
• Mirror
• Others

Float Glass End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2031)

• Automotive & Transportation
• Building & Construction
• Energy
• Others

Float Glass Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2031)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
• Asia Pacific
  • China
  • Japan
  • India
• Central & South America
  • Brazil
• Middle East
  • GCC
• Africa
  • South Africa

List of Key Players in the Float Glass Market

• AGC Inc.
• Asahi India Glass Ltd.
• Cardinal Glass Industries, Inc.
• Central Glass Co., Ltd.
• Fuyao Glass Industry Group Co., Ltd.
• Guardian Industries
• Nippon Sheet Glass Co. Ltd.
• Saint-Gobain S.A.
• SCHOTT Group
• ?isecam Group
• Viracon
• Xinyi Glass Holdings Ltd.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Long Steel Products Market Size Projected to Rise Lucratively during 2024 to 2030: Grand View Research Inc.

Long Steel Products Market Growth & Trends

The global long steel products market size is expected to reach USD 1,012.11 billion by 2030, expanding at a CAGR of 5.1% from 2024 to 2030, according to a new report by Grand View Research, Inc,. Products such as rebars and wire rodsare of vital importance in today’s world with their growing emphasis in the building and construction industry.

Based on product, the market is segmented into rebars, wire rods, sections, and tubes, of which rebars are extensively used in the construction of infrastructure and buildings. Wire rods are manufactured by drawing hot metals through shafts to develop wires with reduced diameters. Wire rods represent the most ductile form owing to their high ductility and easy availability in different diameters. They are widely used in construction and fencing applications which is positively impacting their growth.

Based on region, Asia Pacific is one of the leading markets in the world. The growth is attributable to China which is the largest producer and consumer of long steel products in the Asia Pacific. Other major markets in the region include Japan, South Korea, India, and Southeast Asian countries such as Indonesia, Vietnam, and Thailand. In recent years, the Asia Pacific market has faced challenges due to a global oversupply of raw materials, increased competition from other steel-producing countries, and the impact of the COVID-19 pandemic on the region's economies.

Further, various growth strategies such as new product development and capacity expansions by the market players are likely to benefit the industry growth. For instance, in February 2023, ArcelorMittal introduced a new blast oxygen furnace LD (Linz-Donawitz) converter in Bosnia with a capacity of 125 tons. This converter has been supplied by Primetals Technologies. Thus, this investment ramps up the production and processing of steel into billets, bars, blooms, and ingots.

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Long Steel Products Market Report Highlights

• Based on product, rebars held a revenue share of more than 34.0% in 2023 of the global market. Rebars are embedded in the concrete or used along with it so that the concrete can withstand the compressive forces in the structure and sustain against the tensile forces formed in the structure. The demand for rebars is expected to propel in developing nations owing to the growing construction activities
• In terms of revenue, wire rods is anticipated to register a CAGR of 5.9% across the forecast period owing to their rising use in the automotive industry
• Asia Pacific accounted for the highest share of over 66.0% in 2023, in terms of revenue, and this trend is anticipated to continue over the forecast period. As the region is characterized by a growing population and surging housing requirements, countries such as China and India, are witnessing an increasing number of residential construction projects. This is expected to result in significant product demand in the Asia Pacific in the coming years
• The market is characterized by intense competition. Various of players are entering into long term supply contracts with end-users. ArcelorMittal, Emirates Steel Arkan and Emirates Rebar Limited are among the leading players of the market in the world

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Long Steel Products Market Segmentation

Grand View Research has segmented the global long steel products market report based on product, end-use, and region

Long Steel Products Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Rebars
• Wire Rods
• Sections
• Tubes

Long Steel Products End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Building & Construction
• Automotive & Aerospace
• Railways & Highway
• Others

Long Steel Products Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Mexico
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • Philippines
  • Singapore
  • Thailand
  • Malaysia
• Central & South America
  • Brazil
• Middle East
  • Bahrain
  • Kuwait
  • Oman
  • Qatar
  • Saudi Arabia
  • UAE
• Africa
  • Ethiopia
  • Tanzania
  • Mozambique
  • Rwanda
  • Zimbabwe
  • Kenya

List of Key Players of Long Steel Products Market

• Emirates Steel Arkan
• Al-Rasheed Steel
• Arabian Gulf Steel Industries (AGCI)
• ArcelorMittal
• Emirates Rebar Limited
• Emirates Steel Arkan
• Hamriyah Steel
• Jindal Shadeed Steel
• Rajhi Steel Industries
• RAK Steel
• Star International Steel
• Union Iron and Steel
• United Gulf Steel
• Watania Steel Factory

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Ferrosilicon Market Competitive Insight and Key Drivers 2023 to 2030: Grand View Research Inc.

 Ferrosilicon Market Growth & Trends

The global ferrosilicon market size is expected to reach USD 13.67 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 2.5% from 2022 to 2030. Rising demand for ferrosilicon in the steel and cast iron industries is anticipated to contribute to market growth over the forecast period. Ferrosilicon is used as a deoxidizer in the steel industry to prevent the loss of carbon during the production process. As a result, rising investment in the steel industry is anticipated to augment the market growth. For instance, in January 2022, POSCO commenced construction of a new galvanized steel plant in Tangshan, Hebei, China, which is jointly owned by HBIS Group.

The USD 600 million plants are anticipated to have an annual production capacity of 900 kilotons and will supply galvanized steel sheets to the automotive industry. Furthermore, due to their long life span and good compressive strength, cast iron pipes are widely used in plumbing applications. Companies involved in cast iron pipe production are expanding their capacity, thereby fueling ferrosilicon consumption. For instance, in December 2021, AMERICAN SpiralWeld Pipe Company, a producer of cast iron pipe, announced its decision to invest USD 40 million to expand its operation in Richland County, U.S. Furthermore, rising investments in China’s construction industry are expected to benefit market growth.

For instance, China initiated five major infrastructure projects in the third quarter of 2021, one of them was an investment of USD 4,793 million in the construction of a railway line from Liuzhou to Wuzhou covering a distance of 237.78 kilometers. Such projects are aiding the consumption of steel and related products, thereby, positively influencing market growth over the forecast period. The market is competitive with a presence of a large number of players scattered across different regions. To uphold and expand their presence, market vendors are involved in acquisition activities. For instance, in February 2022, Elkem ASA acquired the remaining 50% stake in the Salten energy recovery plant from Kvitebjørn Energi, thus, taking 100% ownership. This acquisition aims to enable the production of environmental-friendly ferrosilicon grade.

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Ferrosilicon Market Report Highlights

• The deoxidizer segment accounted for the largest revenue share of over 69.0% in 2021, and this trend is expected to continue across the predicted timeline owing to the rising production of steel. For instance, crude steel production increased to 3.7% from 2020 to 2021 reaching 1,950.5 million tons, according to a report by World Steel Association
• The cast iron segment is anticipated to register the fastest CAGR of 3.4%, in terms of revenue, across the forecast period, owing to the use of ferrosilicon as an inoculant in the industry
• The shifting trend from non-stick cookwareto those made up of cast iron, owing to growing concerns about potential health risks, is projected to emerge as the key driver for cast iron end-use segment growth over the forecast period
• Asia Pacific dominated the market and accounted for a revenue share of 66.8% in 2021. The rising production of automobiles and investments in the construction industry are influencing the demand for ferrosilicon in the region
• In North America, the market is projected to witness a CAGR of 2.2%, in terms of revenue, over the forecast period. The U.S. is anticipated to be the major market of the North American region over the forecast period

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Ferrosilicon Market Segmentation

Grand View Research has segmented the global ferrosilicon market on the basis of application, end-use, and region:

Ferrosilicon Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Deoxidizer
• Inoculants
• Others

Ferrosilicon End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Carbon & Other Alloy Steel
• Stainless Steel
• Electric Steel
• Cast Iron
• Others

Ferrosilicon Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • Russia
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa
  • GCC

List of Key Players of Ferrosilicon Market

• Elkem ASA
• Eurasian Resources Group
• FINNFJORD AS
• FENGERDA GROUP
• Ferroglobe
• IMFA
• OM Holdings Ltd.
• Russian Ferro-Alloys Inc.
• SINOGU CHINA
• VBC Ferro Alloys Limited

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Global Demand for Iron Casting Market Increasing in Most Part of World 2030

Iron Casting Market Growth & Trends

The global iron casting market size is expected to reach USD 172.66 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% over the forecast period. The increasing investments in the infrastructure & renewable energy industry are expected to propel the demand for the product.

Iron castings are produced by pouring melted cast iron into casts or molds to make products of desired shape and size, via various methods such as sand and investment casting. Different product types available in the market include gray, ductile, and malleable, which are used according to their application requirements.

Based on product, gray cast iron held the largest revenue share of the global market in 2021, and this trend is expected to continue across the forecast period. It is preferred owing to the benefits it offers such as abrasive resistance, vibration damping capacity, and better castability than other types. The product is used for making machine tool bases, soil pipes, automobile engine blocks, and internal combustion engine head manifolds.

Based on region, Asia Pacific held the largest revenue share of the global market in 2021. In the region, China was the key market in 2021 but India is expected to register the fastest growth rate across the forecast period. The increasing demand for the product from various industries such as railways, renewables, machines & tools, and infrastructure is propelling competition in the region.

In February 2022, Bharat Forge announced the acquisition of JS Autocast Foundry India, a manufacturer of ductile iron castings for hydraulics, wind energy, automotive, and off highways. The acquisition is anticipated to help Bharat Forge expand its product portfolio as well as manufacturing presence.

The global market is highly competitive in nature. Key players in the industry are carrying out mergers & acquisitions for the development of their business. For instance, In November 2021, Wisconsin-based Charter Manufacturing acquired Aarrowcast Inc., a gray and ductile iron casting manufacturer. Aarrowcast Inc. has a production capacity of 42,000 tons per year. This acquisition is expected to help Charter Manufacturing to expand the manufacturing of its metal offerings and diversify its customer base.

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Iron Casting Market Report Highlights

• Based on the product, ductile cast iron is anticipated to register the fastest CAGR of 6.4%, in terms of revenue, from 2022 to 2030. The product is preferable in various end-use industries such as automotive, water system & sanitization, and renewables as it offers higher toughness and strength than gray cast iron.
• Based on application, the railway is expected to grow at a CAGR of 7.4%, in terms of revenue, across the forecast period. This growth is attributable to increasing investments by countries to develop their rail infrastructure to promote transportation of goods via rail and improve connectivity.
• Based on region, North America is expected to register a CAGR of 5.5%, in terms of revenue, over the forecast period. Rising emphasis on shifting towards renewables, investment in railways, up-gradation & development of water system & sanitization, and advancement of machines & tools is expected to drive the market growth in the region.

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Iron Casting Market Segmentation

Grand View Research has segmented the global iron casting market based on product, application, and region:

Product Outlook (Revenue, USD Million; Volume, Kilotons, 2017 - 2030)

• Gray Cast Iron
• Ductile Cast Iron
• Malleable Cast Iron

Application Outlook (Revenue, USD Million; Volume, Kilotons, 2017 - 2030)

• Automotive
• Machinery & Tools
• Pipes & Fittings
• Railways
• Power Generation
• Others

Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Russia
  • Turkey
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • South Africa

List of Key Players in Iron Casting Market

• Brakes India Private Limited
• CALMET
• Casting P.L.C.
• Chamberlin plc
• Crescent Foundry
• Georg Fischer Ltd
• Grupo Industrial Saltillo (GIS)
• Hitachi Metals, Ltd
• LIAONING BORUI MACHINERY CO., LTD (DANDONG FOUNDRY)
• Newby Foundries Ltd
• OSCO Industries, Inc
• Xinxing Cast Pipe Co., Ltd

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Dolomite Market Witness Excellent Revenue Growth During 2023-2030: Grand View Research Inc

 Dolomite Market Growth & Trends

The global dolomite market size is expected to reach USD 3.05 billion by 2030, growing at 6.8% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The rising investments in wastewater treatment plants along with expansion in steel production are expected to propel the consumption of dolomite across the forecast period.

Dolomite is a mineral consisting of carbonates of calcium & magnesium and other impurities. Based on product, the market is segmented into calcined, sintered, and agglomerated dolomite. The agglomerated segment accounted for a revenue share of over 29.0% in 2022 of the overall market. It is witnessing high demand from industries such as construction, agriculture, glass, magnesite, animal feed, and others, as it has high calcium carbonate content. It can also be processed into dololime which can be further processed into precipitated calcium carbonate (PCC) products.

Based on end-use, the market is segmented into iron & steel, construction, glass & ceramics, agriculture, water treatment, and others. Water treatment is anticipated to register high growth over the forecast period. Dolomite is used in wastewater treatment plants to balance the acidity and alkalinity of the water. Its usage helps remove excess salts and heavy metals from the water, making it safe for discharge into the environment. By doing this, dolomite helps make the water treatment process more effective and efficient.

Based on region, North America is expected to grow at a CAGR of 6.9% over the forecast period. The consumption of dolomite in the region is increasing due to the growing developments in the construction industry and massive steel production. The U.S. is the largest dolomite industry in the region. According to IEA, the U.S. contributes over 70% to the crude steel production of North America.

The dolomite industry is highly competitive owing to the presence of several producers. They face competition from other manufacturers engaged in producing substitutes like limestone and ilmenite. As a result, they adopt strategic initiatives like capacity expansion and mergers & acquisitions to stay ahead of the competition. For instance, in March 2023, ?i?ecam invested in the expansion of its sand separation facility and limestone and dolomite processing facility in Mersin, Turkey to ensure a consistent raw material supply for its flat glass production.

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Dolomite Market Report Highlights

• Based on product, the calcined segment held the largest revenue share of over 39.0% in 2022. The increasing steel manufacturing is expected to propel the demand for calcined dolomite over the forecast period
• Based on end-use, the agriculture segment is expected to grow at a CAGR of 7.2% in terms of revenue, during the forecast period. Dolomite is used as a soil stabilizer in the agriculture sector. Increasing population and limited land resources have led governments to increase their agricultural productivity with limited resources, owing to which governments across the world are providing lucrative subsidies to farmers to purchase quality fertilizers
• Based on region, Asia Pacific is expected to register a CAGR of 7.1% in terms of revenue, over the forecast period. Rising investment in infrastructure and construction is anticipated to augment product demand over the coming years
• Based on end-use, the glass & ceramic segment is expected to grow at a CAGR of 7.3% in terms of revenue during the forecast period. Glass production has been witnessing significant growth on account of the increasing demand from architecture, solar energy, and packaging industries in the past few years

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Dolomite Market Segmentation

Grand View Research has segmented the global dolomite market based on product, end-use, and region:

Dolomite Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Calcined
• Sintered
• Agglomerated

Dolomite End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Iron & Steel
• Construction
• Glass & Ceramics
• Water Treatment
• Agriculture
• Others

Dolomite Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • Russia
  • Turkey
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Central & South America
  • Brazil
  • Argentina
  • Columbia
  • Venezuela
• Middle East & Africa

List of Key Players in the Dolomite Market

• Calcinor
• CARMEUSE
• Essel Mining & Industries Limited (EMIL)
• Imersys S.A.
• JFE Mineral & Alloy Company, Ltd.
• Lhoist
• Omya AG
• RHI Magnesita
• Sibelco
• VARDAR DOLOMITE

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Aluminum Die Casting Market is Expected to Amplify $105.63 Billion Value by 2030: Grand View Research Inc.

Aluminum Die Casting Market Growth & Trends

The global aluminum die casting market size is expected to reach USD 105.63 billion by 2030, registering CAGR of 5.4% from 2023 to 2030 according to a new report by Grand View Research, Inc. The growth of the telecommunication sector coupled with the increasing demand for lightweight materials from the automotive and aerospace industries is expected to propel the market growth in the coming years.

Die casting is a process, performed by forcing molten aluminum into a steel die (mold) under pressure. Based on production process, the market is segregated into pressure die casting and other processes. Pressure die casting is further segmented into high and low, where the former constitutes a larger share due to its higher production rates. On average, European vehicles consist of 80-100 kilograms of high pressure die casting (HPDC) components. Other types of die casting include vacuum and squeeze, which find use in applications, such as solar sensors and turbine blades.

Aluminum die casting components are extensively used in numerous industries, including transportation, industrial, building and construction, telecommunication, consumer durables, and energy. The transportation industry is anticipated to maintain its lead during the forecast period as it is the key consumer of aluminum die casting. Aluminum die cast parts are used in general road and sports road transportation, heavy vehicles, and aerospace sectors.

Asia Pacific is anticipated to register the fastest growth rate over the forecast period. Progress in manufacturing activities in developing economies of the region is propelling the product demand. For instance, in September 2020, Hyundai Motor began production at its second plant in Vietnam. This is expected to increase the production capacity by 140.0%.

Rising product demand has led to increased competitive rivalry in the market. Major market players are set to gain a competitive edge and recover their losses from the previous year owing to the pandemic, by means of strategic initiatives such as mergers & acquisitions in addition to increasing production capacities.

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Aluminum Die Casting Market Report Highlights

• Based on application, telecommunication is expected to register the highest CAGR of 7.3% in terms of revenue during the forecast period owing to increasing technological advancements and rising investments in the sector
• In the pressure die casting production process segment, HPDC held the largest revenue share of over 74.0% in 2022 and is anticipated to maintain its lead during the forecast period. This can be attributed to the high preference for HPDC among casting manufacturers owing to the high efficiency of the process
• Asia Pacific held the largest revenue share of more than 50.0% in 2022 on account of the increasing investments in developing economies pertaining to capacity expansions, especially in the transportation industry
• In North America, the U.S. accounted for a revenue share of over 64.0% in 2022. Rising construction spending, coupled with EV production in the country, is expected to prove fruitful for the market growth during the coming years

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Aluminum Die Casting Market Segmentation

Grand View Research has segmented the global aluminum die casting market based on the production process, application, and region:

Aluminum Die Casting Production Process Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Pressure Die Casting
  • High Pressure Die Casting
  • Low Pressure Die Casting
• Others

Aluminum Die Casting Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Transportation
  • General Road Transportation
  • Sports Road Transportation
  • Heavy Vehicles
  • Aerospace & Aviation
• Industrial
  • Agricultural Equipment
  • Construction Equipment
  • Others
• Building & Construction
• Telecommunication
• Consumer Durables
• Energy
• Others

Aluminum Die Casting Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Italy
  • Russia
  • UK.
  • Turkey
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players of Aluminum Die Casting Market

• Alcast Technologies
• BUVO Castings
• Chongqing CHAL Precision Aluminium Co., Ltd.
• Consolidated Metco, Inc.
• Endurance Technologies Limited
• FAIST Group
• GF Casting Solutions
• GIBBS
• Martinrea Honsel Germany GmbH
• Madison-Kipp Corporation
• Ryobi Limited

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Metal Forging Market Latest Innovations, Drivers and Industry Key Events 2022 – 2030: Grand View Research Inc.

 Metal Forging Market Growth & Trends

The global metal forging market size is expected to reach USD 145.44 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.7% during the forecast period. Rising awareness about climate change and increasing investment in renewables, especially in wind and hydro, by governments is expected to boost the consumption of forged components. Thus, this investment is expected to propel the product demand during the forecast period. For instance, in October 2021, the U.S government unveiled plans to build up to 7 major offshore wind farms. The government is targeting to produce 30 gigawatts of wind power by 2030.

Similarly, in April 2022, the government of the country announced that it is planning to develop a 40 GW offshore wind project by 2050 that is expected to spread over 50 wind farms.Metal forging is the process, in which metals are shaped and formed using compressive force. These forces are applied using pressing, hammering, and rolling. Increasing demand for the product in various industries, such as power, construction, agriculture, marine, and aerospace, is anticipated to augment the market growth.Based on raw material, carbon steel accounted for the largest revenue share in 2021 and it is expected to maintain its dominance throughout the forecast period.

The growth is attributed to the properties of the material as the product often has a tight grain structure, which makes it mechanically strong to withstand friction. Also, carbon steel is cheaper than its counterparts.Construction is anticipated to expand at a steady CAGR, in terms of revenue, during the forecast period. The growth is attributed to increasing government investment in the construction sector to untangle the negative impact created by the COVID-19 pandemic.In November 2021, the Italian government came up with a new recovery and resilience plan to foster economic growth by 1.5 to 2.5% by 2026. The government is expected to invest in the construction of public buildings, renewable energy, and waste & water management.

In 2021, Asia Pacific was the largest regional market, in terms of revenue as well as volume. China and India were the largest consumers of metal forgings in 2021 in the APAC region. The rising demand for forged products from various application industries, such as construction, automotive, and energy, has pushed product consumption in the region.The global metal market is highly competitive. The rising demand for forged products has forced key manufacturers to opt for merger & acquisition strategies. For instance, in June 2021, Bharat Forge, a leading forging company in India announced that they have acquired Sanghvi Forging & Engineering Ltd.

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Metal Forging Market Report Highlights

• The aluminum raw materials segment is anticipated to register the fastest CAGR during the forecast period due to the high demand for lightweight materials from industries, such as aerospace, power generation, and automotive
• The aerospace application segment is expected to grow at a steady CAGR during the forecast period due to the high demand for air travel owing to changes in social behavior, which, in turn, is boosting aircraft production
• North America is expected to register a CAGR of 4.7%, in terms of volume, from2022 to 2030. Increasing investment in the construction & infrastructure industry and demand for renewables is driving the regional market
• The agriculture application segment is expected to register a significant CAGR, in terms of revenue, during the forecast period
• Steady demand for farm equipment in countries, such as India and Brazil, is likely to support market growth in the coming years

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Metal Forging Market Segmentation

Grand View Research has segmented the global metal forging market based on raw material, application, and region:

Metal Forging Raw Material Outlook (Volume, Kilotons, Revenue, USD Billion, 2017 - 2030)

• Carbon Steel
• Alloy Steel
• Aluminum
• Magnesium
• Stainless Steel
• Titanium
• Others

Metal Forging Application Outlook (Volume, Kilotons, Revenue, USD Billion, 2017 - 2030)

• Automotive
• Transportation
• Aerospace
• Oil & Gas
• Construction
• Agriculture
• Power Generation
• Marine
• Others

Metal Forging Regional Outlook (Volume, Kilotons, Revenue, USD Billion, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • Spain
  • Italy
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Central & South America
• Middle East & Africa

List of Key Players of the Metal Forging Market

• Arconic
• ATI
• Bharat Forge
• Bruck GmbH
• China First Heavy Machinery Co., Ltd.
• ELLWOOD Group, Inc.
• Jiangyin Hengrun Heavy Industries Co., Ltd.
• Nippon Steel Corp.
• Precision Castparts Corp.
• Kovárna VIVA
• Larsen & Toubro Ltd.
• Scot Forge Company
• thyseenKrup AG

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Metal Stamping Market Expectations Acme Prominent Development in Developed Regions, Details Gvr Study

Metal Stamping Market Growth & Trends

The global metal stamping market size is expected to reach USD 316.72 billion by 2030, registering a CAGR of 4.2% over the forecast period, according to a new report by Grand View Research, Inc. The increasing production of automobiles is anticipated to drive the demand for metal stamping as it is used in the manufacturing of car body panels, transmission components, and interior and exterior structural components. Automobile consumers are shifting their focus towards lightweight vehicles on account of rising concerns about environmental pollution. According to LMC Automotive, U.S. light vehicles sales reached around 14.5 million in 2020 and are expected to reach nearly 15.8 million by 2022. The growing demand for lightweight vehicles is encouraging auto component manufacturers to increase their production capacities and engage in new product developments.

This, in turn, is anticipated to augment market growth over the coming years. Major automobile manufacturers that have in-house component manufacturing facilities are expanding their production capacities to meet the growing demand for automobiles. Moreover, the telecommunications industry is also projected to witness lucrative demand for stamped products owing to the growing investments in 5G technology. For instance, in November 2020, FAIST Precision Suzhou announced its investment in the installation of a new die casting machine, called the FRECH GDK3200T, which will be used to run 5G projects for mass production. In the Asia Pacific, increasing demand for consumer electronics, such as mobile phones, computers, laptops, and headphones, is likely to boost the demand for metal stamping as it is used in manufacturing metal frames, such as metal headbands, which are used in headphones.

Change in consumer preferences towards enhanced audio experience along with a rapidly growing music industry, and advancement in VR technology are the major factors that are expected to drive the demand for headphones.  This, in turn, is likely to propel market growth over the coming years. The market is highly competitive with the presence of local as well as global players including Alcoa Corp., Lindy Manufacturing Co., Tool & Manufacturing Company, and D&H Industries. These companies are focusing on long-term agreements, capacity expansions, and mergers and acquisitions to meet the growing product demand from potential customers. For instance, in October 2021, Shiloh Industries completed the acquisition of two stamping plants fromBenteler for the automotive business. These plants are equipped with modern precision laser cutting and hot-formed steel stamping products for the production of chassis components.

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Metal Stamping Market Report Highlights

• Based on process, the blanking segment is anticipated to progress at a significant CAGR over the forecast period, owing to the increasing demand from the automotive industry on account of its precise and superior stamping ability.
• The bending segment accounted for a revenue share of over 16.0% in 2022. Products manufactured using this process ensure stability and durability, thus it is mostly used in auto components.
• Based on application, consumer electronics is projected to be the fastest-growing segment over the forecast period. The growth is attributed to the increasing utilization of lightweight metal components to improve the durability of electronics.
• Industrial machinery held the second-largest revenue share of the global market in 2023. The segment growth is attributable to the rising demand for machinery and automation to improve output efficiency.
• Asia Pacific held the largest revenue share of more than 36.0% in 2023 owing to increasing demand for cars and consumer electronics in the region

Access Press Release@ https://www.grandviewresearch.com/press-release/global-metal-stamping-market

Metal Stamping Market Segmentation

Grand View Research has segmented the global metal stamping market based on process, press type,thickness, application, and region:

Metal Stamping Process Outlook (Revenue, USD Million, 2018 - 2030)

• Blanking
• Embossing
• Bending
• Coining
• Flanging
• Others

Metal Stamping Press Type Outlook (Revenue, USD Million, 2018 - 2030)

• Mechanical Press
• Hydraulic Press
• Servo Press
• Others

Metal Stamping Thickness Outlook (Revenue, USD Million, 2018 - 2030)

• Less than & up to 2.5 mm
• More than 2.5 mm

Metal Stamping Application Outlook (Revenue, USD Million, 2018 - 2030)

• Automotive
• Industrial Machinery
• Consumer electronics
• Aerospace
• Electrical & Electronics
• Building & Construction
• Telecommunications
• Others

Metal Stamping Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
• Europe
  • Germany
  • UK.
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
• Middle East & Africa

List of Key Players of Metal Stamping Market

• Acro Metal Stamping
• Manor Tool & Manufacturing Company
• D&H Industries, Inc.
• Kenmode, Inc.
• Klesk Metal Stamping Co
• Clow Stamping Company
• Goshen Stamping Company
• Tempco Manufacturing Company, Inc
• Interplex Holdings Pte. Ltd.
• CAPARO
• Nissan Motor Co., Ltd
• AAPICO Hitech Public Company Limited
• Gestamp
• Ford Motor Company

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Structural Steel Market to Mark a Highest CAGR of 5.9% Through 2030|Top Industry Leaders Arcelor Mittal S.A.

Structural Steel Market Growth & Trends

The global structural steel market size was valued at USD 174.51 Billion in 2030 and is likely to register a compound annual growth rate (CAGR) of 5.9% from 2024 to 2030. The market growth is attributed to the growth in the construction sector and rising demand for steel as a green and sustainable material. Structural steel is utilized for construction-related applications. Its high carbon content offers high strength and low ductility. It is available in the form of various shapes such as I-beam, Z-shape, angle, tee, bar, and rod, depending upon the applications. It can be customized into a variety of shapes in different thicknesses and sizes owing to its ductility. Based on application, the market is segmented into residential and non-residential, where the latter dominates the market, in terms of revenue share.

Growing spending on the commercial sector & infrastructural developments across various nations is augmenting the product demand in non-residential applications. The segment is further divided into industrial, commercial, offices, and institutional. Structural steel is widely used in numerous industrial sectors owing to its high strength-to-weight ratio. In the construction industry, it is utilized in designing and building industrial spaces, such as warehouses, bridges, and factories. Growth in the manufacturing sector is expected to propel the need for new factories and plants. For instance, after the emergence of the COVID-19 pandemic, various new facilities were established to meet the rising demand for PPE in the U.S.

Asia Pacific was the dominant regional market in 2020 and this trend is anticipated to continue over the forecast period. The growing construction spending in the developing economies of the region is anticipated to augment the product demand. For instance, in August 2021, India announced that it aims at spending INR 100 trillion (USD 1.35 trillion) on infrastructure development for boosting economic growth and jobs in the country. The competitive rivalry is extremely high in the market due to the presence of several small- and large-scale players spread across the world. The companies are striving to recover from their losses caused by the COVID-19 pandemic and are taking initiatives, such as mergers & acquisitions and capacity expansions, to further widen their reach.

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Structural Steel Market Report Highlights

• Based on region, Asia Pacific dominated the global market in 2022 on account of the growing infrastructural developments in the region
• The non-residential application segment is anticipated to register the fastest CAGR, in terms of revenue, over the forecast period due to the rising renovation activities and spending on infrastructure development
• The industrial sub-segment led the non-residential application in 2022. Increasing construction of lightweight industrial building systems that make use of thin sheet-covered surfaces is the recent technological development, which is driving the demand for high-strength structural steel
• Middle East & Africa is expected to grow at a considerable CAGR, in terms of revenue, over the forecast period. The growth can be attributed to the upcoming infrastructure-related projects in the Middle East

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Structural Steel Market Segmentation

Grand View Research has segmented the global structural steel market report on the basis of product, application and region

Structural Steel Product Outlook (Volume, Kil0tons; Revenue, USD Million; 2018 - 2030)

• Angles
• Channels
• Rounds
• Squares
• Beams

Structural Steel Application Outlook (Volume, Kil0tons; Revenue, USD Million; 2018 - 2030)

• Residential
• Non-residential
  • Institutional
  • Commercial
  • Offices
  • Others

Structural Steel Regional Outlook (Volume, Kil0tons; Revenue, USD Million; 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Russia
  • Turkey
  • Poland
• Asia Pacific
  • China
  • Japan
  • Taiwan
  • Hong Kong
  • Thailand
  • Malaysia
  • Singapore
  • Indonesia
  • Vietnam
  • Philippines
  • India
  • Australia
  • New Zealand
• Central & South America
  • Brazil
  • Chile
  • Colombia
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Iran
  • South Africa

List of Key Players of Structural Steel Market

• Arcelor Mittal S.A.
• Baogang Group
• Evraz plc
• Gerdau S.A
• Nippon Steel Corporation
• JSW Steel Limited
• Tata Steel Limited
• SAIL

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.