Worldwide Metal Castings Market On Upswing

Jonathan DeakinNews

The worldwide industrial metal castings market is continuing on its slow upswing as a gradual turnaround in the automotive sector is leading to increased demand for metal castings and other metal products.

China is expected to lead the global recovery as its increased economic importance begins to show within the metal industry. The country accounts for one third of metal castings output every year.

The growing wind turbines market is also expected to help the American and European sectors as turbine blades attain higher demand.

The metal casting industry itself is in a constant state of transition as new stipulations and taxations from various governments come into practice. This has led to 72% of foundry facilities in developing countries shutting down due to high labour, raw material and production costs.

However this transition has allowed newer markets to evolve and emerge, with new uses for magnesium and aluminium castings helping to drive the market along in addition to the rising demands from the automotive industry.