#Metal Magnesium Market Outlook

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Metal Casting Market: Growth Outlook and Segmentation by Region

Straits Research Reveals Metal Casting Market to Reach USD 242.72 Billion by 2033, Driven by Technological Advancements and Growing Demand Across Key Industries

New York, USA – December 22, 2024 – Straits Research, a leading market research firm, has released a comprehensive report on the Metal Casting Market, projecting significant growth from USD 149.91 billion in 2024 to USD 242.72 billion by 2033. This surge is driven by advancements in metal casting technologies, increasing demand for metal components in industries such as automotive, medical devices, and aerospace, along with growing automation and digitalization in manufacturing processes.

The metal casting process is essential for producing metal parts of complex shapes and large volumes in a cost-effective manner. As demand for precision-engineered parts in high-performance industries increases, the market is poised for substantial growth, with a projected compound annual growth rate (CAGR) of 5.5% from 2024 to 2033.

Market Definition

Metal casting refers to the process of pouring liquid metal into molds to create objects with a specific shape, which solidify and can be removed. This method has been used for centuries to create everything from engine blocks to complex medical devices. The market for metal casting encompasses the technologies, materials, and equipment used in this process. It includes various casting methods such as gravity casting, die casting, and sand casting, each serving different industrial needs.

The metal casting market is influenced by several factors, including technological innovations in casting techniques, the development of new materials, and rising demand from key sectors like automotive and medical device manufacturing. The emergence of 3D printing in metal casting is one of the latest trends that is reshaping the industry, offering more precision and efficiency.

Latest Trends in the Metal Casting Market

Adoption of Additive Manufacturing (3D Printing): One of the most significant trends in the metal casting market is the integration of additive manufacturing, or 3D printing, with traditional casting processes. This allows for faster prototyping, reduced waste, and the ability to create more complex geometries that were previously impossible with conventional methods.

Increase in Demand for Lightweight Materials: The automotive and aerospace sectors are driving demand for lightweight yet strong metal components. Aluminum and magnesium castings are in high demand for engine components, body assemblies, and transmission parts, helping reduce vehicle weight and improve fuel efficiency.

Automated Casting Processes: With the rise of smart manufacturing, automation is becoming increasingly important in metal casting. Automated systems reduce human intervention, minimize errors, and boost production efficiency. In addition, digital twins and AI-powered monitoring systems are being integrated to improve the quality of cast products and predict maintenance needs.

Sustainability Initiatives: Growing environmental concerns are pushing manufacturers to adopt more sustainable practices in metal casting. This includes the recycling of scrap metal, reducing energy consumption during the casting process, and using eco-friendly materials that have a smaller carbon footprint.

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Growth Factors

The global demand for metal casting is experiencing substantial growth due to several factors:

Automotive Sector Expansion: The increasing demand for lightweight vehicles with high fuel efficiency has led to a surge in the demand for cast aluminum and magnesium components in the automotive sector. Metal casting enables the production of parts that are not only strong but also lighter than traditional steel components, helping automakers meet fuel efficiency standards and reduce emissions.

Medical Devices: The medical device industry relies heavily on metal casting for components like surgical tools, orthopedic implants, and medical machines. The rise in the global healthcare sector, along with advancements in medical technologies, is driving demand for high-quality, precision-cast parts.

Construction & Infrastructure: With the expansion of global infrastructure projects, there is an increased need for cast components such as pipes, valves, and fittings, used in construction, energy, and water management systems.

Technological Advancements: The continued improvement in metal casting technologies, such as 3D printing and the adoption of digital tools for process monitoring, has led to higher precision, reduced costs, and the ability to produce more complex and customized parts.

Opportunities in the Metal Casting Market

The metal casting market holds significant opportunities for manufacturers, investors, and stakeholders due to the following factors:

Emerging Markets: Rapid industrialization and urbanization in emerging economies such as India, China, and Brazil are creating new demand for metal castings. These countries are seeing rapid growth in automotive production, infrastructure development, and manufacturing, making them critical markets for metal casting suppliers.

Advancements in Sustainable Materials: The growing focus on eco-friendly products presents an opportunity for manufacturers to innovate in the use of sustainable materials for metal casting. Recycling scrap metal and using recyclable or biodegradable metals can open new markets and appeal to eco-conscious consumers.

Integration of AI and IoT: The integration of Artificial Intelligence (AI) and the Internet of Things (IoT) into the casting process enables better monitoring and prediction, reducing wastage and improving efficiency. Companies investing in these technologies are likely to see improved cost-effectiveness and product quality.

Key Players in the Metal Casting Market

The metal casting market is highly competitive with the presence of several prominent players driving innovation and growth. Key players include:

Nemak (Mexico)

Rheinmetall Automotive (Germany)

Ryobi Limited (Japan)

Alcoa Corporation (U.S.)

G-F Automotive (CA)

Dynacast (U.S.)

Endurance (India)

Ahresty Wilmington Corporation (Japan)

GIBBS (U.S.)

Aisin Automotive Casting (U.S.)

TOSHIBA MACHINE Co. LTD (Japan)

 Buy Now @ https://straitsresearch.com/buy-now/metal-casting-market

Market Segmentation

The metal casting market is segmented into several categories based on process, application, material type, components, and end-user industry. These segments help provide a clear understanding of market dynamics and trends.

By Process:

Gravity

High-pressure die casting (HPDC)

Low-pressure die casting (LPDC)

Sand casting

By Application:

Body assembly

Engine parts

Transmission parts

Medical devices

Other

By Material Type:

Aluminum

Cast iron

Magnesium

Zinc

Others

By Components:

Alloy wheels

Battery housing

Cross-car beam

Clutch casing

Crankcases

Cylinder heads

Engine block

Differential cover housing

Engine mount

Flywheel housing

Front door and rear door frame

Exhaust & intake manifold

Gearbox housing

Ignition & lock housing

Transmission housing & turbocharger housing

Others

By End User:

Automotive

Medical device manufacturers

Chemical

Other

Conclusion

The Metal Casting Market is expected to experience substantial growth in the coming years due to technological advancements, increased demand for precision parts, and growing industrial applications. As the market continues to evolve, the opportunity for innovative processes and sustainable practices will shape the future of this industry.

For more information, please contact: Straits Research Email: sales@straitsresearch.com Website: https://straitsresearch.com

This press release was generated by Straits Research to provide key insights into the Metal Casting Market based on their recent findings and analysis.

[insightsresearch]

Automotive Lightweight Materials Market By Key Players, Deployment Type, Applications, Vertical, and Region – Forecast

Analysis of Automotive Lightweight Materials Market Size by Research Nester reveals the Market to grow with a CAGR of 5.5% during 2025-2037 and attain USD 279.1 billion by 2037

Research Nester assesses the growth and market size of global automotive lightweight materials market which is anticipated to be on account of the growing emphasis on fuel efficiency.

Research Nester’s recent market research analysis on “Automotive Lightweight Materials Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor’s analysis and a detailed overview of the global automotive lightweight materials market in terms of market segmentation by component, robot type, application, and by region.

Growing Adoption of Electric Vehicles to Promote Global Market Share of Automotive Lightweight Materials

 The global automotive lightweight materials market is estimated to grow majorly on account of the widespread adoption of autonomous vehicles and electric vehicles. According to the Bureau of Labor Statistics, in the U.S., the percentage of cars sold that were electric rose from 0.2 in 2011 to 4.6 in 2021. The automobile industry's business model, which has been in place for a century and includes developing, manufacturing, marketing, and servicing vehicles, is expected to undergo significant change as a result of intelligent mobility technology. These trends are being driven by a variety of factors, including sustainability, technological advancements, electrification, self-driving vehicles, customer expectations, and personal mobility.

Autonomous, connected, electric, and sharing (ACES) vehicles are predicted to take over transportation in the future, altering how people engage with automobiles. Automakers consider lightweight vehicles, such as electric and autonomous vehicles, crucial to sustainable transportation since they cut CO2 emissions and fuel consumption. 

Some of the major growth factors and challenges that are associated with the growth of the global automotive lightweight materials market are:

Growth Drivers:

Increased use in the aerospace and car racing industry

Growing incorporation of advanced manufacturing technologies

Challenges:

Advanced lightweight materials such as carbon fiber and certain composites often require specialized and costly equipment. This includes machinery for precise molding, curing, and bonding processes, which can be a barrier to widespread adoption. Moreover, achieving consistent quality and performance with advanced lightweight materials can be difficult.

Access our detailed report at: https://www.researchnester.com/reports/automotive-lightweight-material-market/67

By material, the global automotive lightweight materials market is segmented into metal, composite, plastic, and elastomer. The metal segment is set to garner the highest revenue by the end of 2037 by growing at a significant CAGR over the forecast period. The increasing usage of lightweight metals in electric cars' chassis and body components is responsible for the segment's rise. 

Aluminum, magnesium, titanium, and high-strength steel are some metals. The need for metallic materials is predicted to rise because of the growing need for reliability in components such as instrument panels, underbody flooring, passenger compartment frames, chassis, and other regions. Since automotive metallic constructions are durable and sturdy, they enhance the vehicle's integrity.

By region, the Europe automotive lightweight materials market is to generate the highest revenue by the end of 2037. The stringent environmental regulations and the growing emphasis on eco-friendly vehicles have led to heightened demand for lightweight materials in the region. European manufacturers are among the pioneers in embracing lightweight technology, incorporating advanced composites and lightweight metals to minimize fuel consumption and reduce environmental footprint.

The burgeoning presence of multinational automakers in the region, coupled with significant suppliers of these materials, has propelled expansion within the industry. Moreover, the anticipated escalation in manufacturers' research and development expenditure is anticipated to catalyze growth in the automotive lightweight materials market.=

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This report also provides the existing competitive scenario of some of the key players which includes, BASF SE, Covestro AG, LyondellBasell Industries Holdings B.V., ArcelorMittal, ThyssenKrupp AG, Novelis, Inc., Alcoa Corporation, Owens Corning, Stratasys Ltd., Tata Steel Limited, and others.

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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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Metal Casting Industry Analysis And Segment Forecast till 2030

The global metal casting market size is expected to reach USD 210.40 billion by 2030, accelerating at a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. Expansion of the construction sector due to infrastructure requirement and housing needs is one of the key drivers for market growth. An increase in urbanization trend in China and India is a key factor triggering the growth of housing and infrastructure industries. Incentives and funding for first-time home buyers are triggering the growth of building & construction industry. Governments across various countries are offering incentives and funding to meet the housing needs of growing population.

Aluminum casting segment is projected to grow at the highest CAGR of 8.7% over the forecast period. As per a report by The Aluminum Association, total aluminum content in vehicles is projected to reach 256 kg per vehicle by 2025, globally. Strict regulations such as Euro 6c emission standards in the European Union are contributing to the growth of the market. It has become necessary for automakers to reduce the weight of vehicles using lightweight materials such as aluminum and magnesium.

Gather more insights about the market drivers, restrains and growth of the Global Metal Casting Market

Steel segment is anticipated to grow at a moderate CAGR on account of demand from automotive components. As per the World Steel Association, around 900 kg of steel is required per vehicle. Around 34% of steel is used in doors, panels, closures, and body structure parts. The growing usage of advanced high strength steel (AHSS) is projected to create new opportunities for metal casting vendors as it reduces the weight of a vehicle and also enhances fuel efficiency and safety. Many research institutes and private organizations are working on new grades of AHSS. These grades have capabilities to reduce the vehicle weight by 25% to 39% and help achieve 3 to 4.5 tons of greenhouse gas savings over the life cycle of a vehicle.

Metal casting industry faces various challenges including underutilization of capacity, optimization of resources, high energy consumption, stringent norms, and overall effectiveness. Metal casting manufacturers are likely to focus on industrial internet of things (IIoT) over the coming years as IIoT has the potential to control and monitor the temperature of foundries, machinery downtime tracking, and enhance resource management.

Metal Casting Market Report Highlights

The aluminum segment accounted for the largest revenue share of 38.3% in 2022. The major portion of the demand in this segment is projected to come from emerging markets, especially from the automotive, construction, and oil & gas sectors.

The automotive segment held the largest revenue share of 59.5% in 2022. The global automotive production has been observing gradual yet encouraging growth in global automotive production over recent years.

Asia Pacific dominated the market and accounted for the largest revenue share of 55.4% in 2022. Asia Pacific is characterized by the presence of skilled labor at low cost, which makes it the most lucrative region for manufacturers to set up production facilities.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

Luxury Furniture Market: The global luxury furniture market size was valued at USD 31.06 billion in 2024 and is expected to grow at a CAGR of 4.2% from 2025 to 2030.

Green Steel Market: The global green steel market size was estimated at USD 718.30 billion in 2024 and is projected to grow at a CAGR of 6.0% from 2025 to 2030.

Metal Casting Market Segmentation

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

Metal Casting Material Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

Iron

Steel

Aluminum

Others

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

Automotive & Transportation

Industrial

Building & Construction

Others

Metal Casting Regional Outlook (Revenue in USD Million, Volume, Kilotons, 2018 - 2030)

North America

US

Canada

Mexico

Europe

UK

Germany

France

Italy

Spain

Russia

Asia Pacific

Japan

China

India

Australia

Thailand

South Korea

Indonesia

Malaysia

Central & South America

Brazil

Middle East & Africa (MEA)

South Africa

Saudi Arabia

UAE

Nigeria

Order a free sample PDF of the Metal Casting Market Intelligence Study, published by Grand View Research.

[marketstudyreport]

Metal Casting Market Trends, Size, Revenue And Top Key Players Report 2030

The global metal casting market size is expected to reach USD 210.40 billion by 2030, accelerating at a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. Expansion of the construction sector due to infrastructure requirement and housing needs is one of the key drivers for market growth. An increase in urbanization trend in China and India is a key factor triggering the growth of housing and infrastructure industries. Incentives and funding for first-time home buyers are triggering the growth of building & construction industry. Governments across various countries are offering incentives and funding to meet the housing needs of growing population.

Aluminum casting segment is projected to grow at the highest CAGR of 8.7% over the forecast period. As per a report by The Aluminum Association, total aluminum content in vehicles is projected to reach 256 kg per vehicle by 2025, globally. Strict regulations such as Euro 6c emission standards in the European Union are contributing to the growth of the market. It has become necessary for automakers to reduce the weight of vehicles using lightweight materials such as aluminum and magnesium.

Gather more insights about the market drivers, restrains and growth of the Global Metal Casting Market

Steel segment is anticipated to grow at a moderate CAGR on account of demand from automotive components. As per the World Steel Association, around 900 kg of steel is required per vehicle. Around 34% of steel is used in doors, panels, closures, and body structure parts. The growing usage of advanced high strength steel (AHSS) is projected to create new opportunities for metal casting vendors as it reduces the weight of a vehicle and also enhances fuel efficiency and safety. Many research institutes and private organizations are working on new grades of AHSS. These grades have capabilities to reduce the vehicle weight by 25% to 39% and help achieve 3 to 4.5 tons of greenhouse gas savings over the life cycle of a vehicle.

Metal casting industry faces various challenges including underutilization of capacity, optimization of resources, high energy consumption, stringent norms, and overall effectiveness. Metal casting manufacturers are likely to focus on industrial internet of things (IIoT) over the coming years as IIoT has the potential to control and monitor the temperature of foundries, machinery downtime tracking, and enhance resource management.

Metal Casting Market Report Highlights

The aluminum segment accounted for the largest revenue share of 38.3% in 2022. The major portion of the demand in this segment is projected to come from emerging markets, especially from the automotive, construction, and oil & gas sectors.

The automotive segment held the largest revenue share of 59.5% in 2022. The global automotive production has been observing gradual yet encouraging growth in global automotive production over recent years.

Asia Pacific dominated the market and accounted for the largest revenue share of 55.4% in 2022. Asia Pacific is characterized by the presence of skilled labor at low cost, which makes it the most lucrative region for manufacturers to set up production facilities.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

Luxury Furniture Market: The global luxury furniture market size was valued at USD 31.06 billion in 2024 and is expected to grow at a CAGR of 4.2% from 2025 to 2030.

Green Steel Market: The global green steel market size was estimated at USD 718.30 billion in 2024 and is projected to grow at a CAGR of 6.0% from 2025 to 2030.

Metal Casting Market Segmentation

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

Metal Casting Material Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

Iron

Steel

Aluminum

Others

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

Automotive & Transportation

Industrial

Building & Construction

Others

Metal Casting Regional Outlook (Revenue in USD Million, Volume, Kilotons, 2018 - 2030)

North America

US

Canada

Mexico

Europe

UK

Germany

France

Italy

Spain

Russia

Asia Pacific

Japan

China

India

Australia

Thailand

South Korea

Indonesia

Malaysia

Central & South America

Brazil

Middle East & Africa (MEA)

South Africa

Saudi Arabia

UAE

Nigeria

Order a free sample PDF of the Metal Casting Market Intelligence Study, published by Grand View Research.

[chemanalystdata]

Magnesium Alloy Ingot Price | Prices | Pricing | News | Database | Chart

In Q2 2024, the Magnesium Alloy Ingot market in North America experienced relatively stable pricing dynamics, shaped by a mix of market factors. The quarter saw a balanced supply-demand environment, supported by steady production levels and moderate economic activity. While global industrial metals faced some disruptions, including occasional plant shutdowns at key facilities, the North American Magnesium Alloy Ingot market remained largely unaffected. This stability was underpinned by a lack of significant supply constraints, ample stock availability, and smooth logistics, keeping the market in equilibrium.

In the USA, the Magnesium Alloy Ingot (AZ91D) market saw some price fluctuations, reflecting broader trends and seasonal patterns. Despite a 7% drop in prices compared to the previous quarter, the market stabilized by the end of the quarter, resulting in only minimal overall price variation. This price stability was driven by balanced market conditions and the absence of major economic disruptions. Additionally, moderate to strong demand from the automotive sector helped maintain prices, even as the broader manufacturing sector showed signs of slowing down. Sentiment remained stable throughout the quarter, with the pricing environment neither significantly positive nor negative. By the end of Q2 2024, the price of Magnesium Alloy Ingot (AZ91D) CFR HOUSTON in the USA was USD 3307/MT, reflecting a consistent outlook based on stable supply-demand fundamentals and moderate economic activity.

In Q2 2024, Magnesium Alloy Ingot prices in the APAC region trended downward, driven by weak demand fundamentals. High ocean freight costs deterred overseas buyers, and sluggish domestic economic conditions further pressured prices. Although the supply side remained stable, it saw some fluctuations due to rotational maintenance and production adjustments aimed at addressing squeezed profit margins and rising raw material costs. Despite increased production following maintenance, demand remained soft.

Get Real Time Prices for Magnesium Alloy: https://www.chemanalyst.com/Pricing-data/magnesium-alloy-ingot-1337

China, a key player in the Magnesium Alloy Ingot market, saw notable price shifts. Magnesium alloy production increased year-over-year due to higher downstream processing activity and full-capacity operations at large manufacturers. However, demand challenges persisted, exacerbated by high aluminum prices and economic uncertainties. Seasonal factors, including the monsoon season and fluctuations in mining activities, also played a role in price trends. Overall, prices in China fell by 1% from the previous quarter, reflecting ongoing bearish sentiment. The quarter concluded with a price of USD 3268/MT for Magnesium Alloy Ingot (AZ91D) FOB Tianjin, illustrating a negative pricing environment characterized by stable supply, low demand, and economic uncertainty.

The European Magnesium Alloy Ingot market experienced a significant downturn in Q2 2024, marked by a negative pricing environment. Contributing factors included rising inflation, regulatory changes, and fluctuating energy costs. The introduction of the EU Critical Raw Materials Act (CRMA) affected supply dynamics by establishing production and recycling benchmarks. While these measures aimed to secure material availability, they created market uncertainty and disruptions. Additionally, rising alloy surcharges and volatile energy prices increased production costs, squeezing profitability.

The Netherlands saw the most significant price adjustments, highlighting the broader negative trend. The Dutch market faced a difficult quarter, with high-interest rates from the European Central Bank suppressing demand across sectors. Supply chain disruptions, including Thyssenkrupp's reduced production capacity, added further strain. Despite early optimism, weak manufacturing and construction activity, combined with underperformance in the automotive sector, contributed to the negative market sentiment. By the end of Q2 2024, the price of Magnesium Alloy Ingot in Europe had fallen by 12% compared to the previous quarter, settling at USD 2994/MT CFR Rotterdam. Persistent negative sentiment, driven by regulatory challenges, economic headwinds, and fluctuating demand, shaped a difficult market landscape, pushing prices lower.

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Metal Forging 2022 Industry Size, Demands, Growth and Top Key Players Analysis Report

Metal Forging Industry Overview

The global metal forging market size was valued at USD 74.36 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 7.7% from 2022 to 2030.

The demand for metal forged parts from the aerospace industry is driven by the rise in the number of flyers across the globe, which is propelling aircraft production and benefitting market growth. For instance, in 2021, Boeing delivered 302 aircraft, which was nearly double as compared to the previous year. Furthermore, in March 2022, Boeing announced that they are planning to double the production of 737 Max. This kind of trend in the aerospace industry is expected to boost the demand for metal forgings during the forecast period. The U.S. GDP grew by 6.9% in Q4 2021, compared to Q4 2020.

Gather more insights about the market drivers, restrains and growth of the Metal Forging Market

This surge was attributed to consumer activity and capital expenditure spending that augmented the U.S. economy to its strongest growth since 1984. The country touched a 37-year high of 5.7% in 2021. The recovery indicates a resumption of industrial activities, which, in turn, is anticipated to augment the demand for metal forgings in the country over the coming years. The growth of the market is being driven by the rising investments in energy, infrastructure, aerospace, and transportation, among others. In 2021, U.S. Senate passed a massive infrastructure bill worth USD 1 trillion. As per this bill, the government is heavily investing in roads, bridges, Electric Vehicle (EV) networks, public transit, high-speed internet, and clean drinking water.

Rising investment in the modernization of power generation and renewable energy is expected to boost the demand for metal forged components during the forecast period. For instance, in September 2021, a USD 550.00 billion clean energy investment bill was passed by U.S Senate. The bill has a provision of USD 73.00 billion for clean energy generation. The automotive industry has been one of the prominent end-users of the market and is anticipated to maintain its dominance in terms of both volume and revenue. However, a consistent decline in vehicle production in the past few years is an ongoing challenge for the market. For instance, U.S. auto sales witnessed a 20% decline in sales in Q4 2021.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

• The global advanced carbon materials market size was valued at USD 4.92 billion in 2023 and is projected to grow at a CAGR of 4.5% from 2024 to 2030.

• The global UV tapes market size was valued at USD 563.2 million in 2023 and is projected to grow at a CAGR of 9.8% from 2024 to 2030.

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global metal forging market report based on raw material, application, and region:

Raw Material Outlook (Volume, Kilotons, Revenue, USD Million, 2017 - 2030)

Carbon Steel

Alloy Steel

Aluminum

Magnesium

Stainless Steel

Titanium

Others

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

Automotive

Transportation

Aerospace

Oil & Gas

Construction

Agriculture

Power Generation

Marine

Others

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

North America

US

Canada

Europe

Germany

UK

France

Spain

Italy

Asia Pacific

China

India

Japan

South Korea

Central & South America

Middle East & Africa

Key Companies & Market Share Insights

The market is extremely competitive with the presence of a large number of players worldwide. Owing to the expanding demand for metal forgings, companies are increasing their manufacturing capacities. For instance, in February 2022, Goodluck India Ltd. announced that they have completed the installation of a new press for the forging unit. The unit is expected to help the company to manufacture larger components for aerospace, defense, and critical industrial machines. Some of the prominent players in the global metal forging market include:

Aronic

ATI

Bharat Forge Ltd.

Bruck GmbH

China First Heavy Machinery Co., Ltd.

ELLWOOD Group, Inc.

Jiangyin Hengrun Heavy Industries Co., Ltd.

Nippon Steel Corp.

Precision Castparts Corp.

Larsen & Toubro Ltd.

Order a free sample PDF of the Metal Forging Market Intelligence Study, published by Grand View Research.

[priyanshisingh]

Spirulina Extract Market Trends and Opportunities: Global Outlook (2023-2032)

The Spirulina Extract Market attained a valuation of USD 525.2 Million in 2023 and is anticipated to escalate to USD 1300.5 Million by 2032, exhibiting a robust CAGR of 10.60% during the forecast period from 2024 to 2032.

Spirulina extract, derived from the blue-green algae Spirulina, is a highly sought-after nutritional supplement renowned for its exceptional health benefits and wide range of applications. Rich in essential nutrients, Spirulina extract is packed with proteins, vitamins, minerals, and antioxidants, making it a superfood of choice for health-conscious consumers. Its high protein content, including all essential amino acids, makes it a valuable addition to vegetarian and vegan diets. Spirulina extract is also a potent source of B vitamins, particularly B12, which is essential for energy production and neurological function. Moreover, it contains significant amounts of iron, magnesium, and calcium, contributing to its reputation as a powerful supplement for supporting overall health and vitality. One of the standout features of Spirulina extract is its high concentration of phycocyanin, a blue pigment with strong antioxidant and anti-inflammatory properties.

This compound has been linked to various health benefits, including immune system support, improved liver function, and enhanced cellular protection against oxidative stress. The antioxidant properties of Spirulina extract also play a crucial role in promoting skin health and reducing the signs of aging, making it a popular ingredient in skincare products. Furthermore, Spirulina extract has shown potential in supporting cardiovascular health by helping to lower cholesterol levels and blood pressure. Its detoxifying properties aid in the removal of heavy metals and other toxins from the body, contributing to improved overall well-being.

Market Challenges:

The Spirulina extract market faces several challenges despite its growing popularity and numerous health benefits. One of the primary challenges is the high cost of production. Cultivating Spirulina requires specific environmental conditions, including controlled temperature, light, and pH levels, which can be expensive to maintain. These costs are often passed on to consumers, making Spirulina extract products relatively expensive compared to other supplements. Another significant challenge is contamination risks. Spirulina is cultivated in water, which makes it susceptible to contamination by harmful bacteria, heavy metals, and other toxins. Ensuring the purity and safety of Spirulina extract necessitates rigorous quality control measures and regular testing, adding to production costs and complexities.

Furthermore, there is a lack of standardized regulations and quality standards in the global Spirulina extract market. This inconsistency can lead to variations in product quality and efficacy, undermining consumer trust. The market also faces competition from other superfoods and supplements that offer similar health benefits, such as chlorella, moringa, and various protein powders. This competitive landscape requires Spirulina extract producers to invest heavily in marketing and education to differentiate their products and highlight their unique benefits.

Another challenge is the relatively low awareness and understanding of Spirulina extract among consumers. While awareness is increasing, many potential consumers are still unfamiliar with its benefits and uses, limiting market penetration. Additionally, there are challenges related to the taste and smell of Spirulina, which some consumers find off-putting. This sensory aspect can deter people from incorporating Spirulina extract into their diets, despite its health benefits.

Key Players

Sensient Technologies Corporation

Givaudan (DDW – the Color House)

DIC Corporation- Earthrise Nutritionals

Chr. Hansen A/S

Naturex SA

Royal DSM

Dohler Group

E.I.D. Parry (India) Limited.

C.B.N. Spirulina Canada Co., Ltd

BASF SE

More About Report- https://www.credenceresearch.com/report/spirulina-extracts-market

The Spirulina extract market exhibits diverse growth patterns across different regions, shaped by varying levels of consumer awareness, regulatory environments, and cultivation conditions.

North America

In North America, the Spirulina extract market is experiencing significant growth, primarily driven by high consumer health consciousness and a strong preference for natural and organic products. The United States leads the region, benefiting from a well-established dietary supplement industry and a growing trend towards superfoods. The market is also bolstered by stringent regulatory standards that ensure high product quality and safety, thereby enhancing consumer confidence. Increasing awareness about the health benefits of Spirulina, including its high protein and antioxidant content, further fuels market demand.

Europe

Europe is another key region for the Spirulina extract market, with countries like Germany, France, and the United Kingdom at the forefront. The European market is characterized by a significant demand for natural health supplements and functional foods. Consumers in Europe are increasingly seeking clean-label and sustainable products, which aligns well with the eco-friendly and nutrient-rich profile of Spirulina extract. However, the market faces challenges related to regulatory variations across different countries, which can impact compliance and standardization efforts. Despite these challenges, the region's focus on health and sustainability continues to drive market growth.

Asia-Pacific

The Asia-Pacific region is poised for substantial growth in the Spirulina extract market, driven by rising health awareness and increasing disposable incomes. Japan, China, and India are the major contributors to this growth. Japan has a long-standing tradition of consuming Spirulina, which supports its strong market presence. In China and India, the expanding middle-class population and a shift towards healthier lifestyles are significant drivers of market demand. Additionally, favorable climatic conditions for Spirulina cultivation in certain parts of Asia-Pacific provide a cost advantage, encouraging local production and reducing dependency on imports.

Latin America

In Latin America, the Spirulina extract market is gradually gaining traction, with Brazil and Mexico being the prominent markets. The region's growing interest in natural and functional foods, coupled with increasing health consciousness, supports market expansion. However, the market growth in Latin America is somewhat constrained by lower consumer awareness compared to more developed regions and economic fluctuations that can affect disposable income and spending on health supplements.

Middle East and Africa

The Middle East and Africa region present emerging opportunities for the Spirulina extract market. In the Middle East, countries like the UAE and Saudi Arabia are witnessing a growing demand for health and wellness products, driven by an increasing expatriate population and rising disposable incomes. In Africa, the market is still in its nascent stage but shows potential for growth due to increasing health awareness and efforts to combat malnutrition using nutrient-dense superfoods like Spirulina. However, challenges such as limited consumer awareness and underdeveloped supply chains can hinder market growth in this region.

Segmentation

Product Type:

Powder

Liquid

Food and Beverages:

Functional Foods

Beverages

Nutraceuticals

Pharmaceuticals

Cosmetics and Personal Care

Animal Feed

Formulation:

Spirulina Extracts

Blends and Formulations

Distribution Channel:

Direct Sales

Retail Stores

Online Retailers

Browse the full report –  https://www.credenceresearch.com/report/spirulina-extracts-market

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Contact Us:

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[researchinsights]

The global metallic stearates market is projected to reach USD 4,438.6. million in 2023, registering at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period 2024-2030. The growth of the marketis majorly driven by the rising demand from rubber segment

[chemicalsectorupdates]

Marine Coatings Market Growth Drivers: Demand and Market Expansion

Marine Coatings Market: Protecting Ships from Corrosion in Harsh Marine Environments Introduction to Marine Coatings Marine coatings, also known as marine paints, are specialized paints and coatings used for surfaces submerged in sea water or exposed to marine environments. They protect the hulls and other exterior parts of ships, offshore oil rigs, yachts and other marine vessels from corrosion caused by salt water, abrasion from ocean waves and biological fouling from aquatic organisms. Different types of marine coatings are used depending on the specific application and environmental conditions. In this article we’ll explore the marine coatings market outlook. Epoxy Coatings for Anti-Corrosion Protection Epoxy coatings are some of the most popular and widely used marine coatings today due to their excellent barrier protection against corrosion. They form a tough, chemical-resistant film once cured that strongly adheres to metal surfaces and acts as an effective barrier to moisture and oxygen permeation. This prevents corrosion even under prolonged immersion in seawater. Fouling Release Coatings to Reduce Drag Fouling release coatings are specifically designed to prevent calcareous marine organisms like barnacles and tube worms from attaching to ship hulls. By reducing drag-inducing biofouling buildup, these coatings can significantly reduce fuel costs and emissions for shipping and cruise companies. They work by creating very slippery surfaces that prevent initial attachment of fouling organisms yet facilitate easy release of any organisms that do manage to attach. Anti-Corrosive Paints for Decks and Superstructures Specialized anti-corrosive paints are needed to protect the exterior metal surfaces above waterline like ship decks and superstructures. These are subjected to weathering from sun, rain, thermal changes and occasional water splashes. Offshore oil rig structural steel also require similar protection in harsh conditions like sea spray and weather exposure. Anodes for Cathodic Protection on Ship Hulls Galvanic or sacrificial anodes are another important part of marine anti-corrosion systems. They work by cathodic protection where the anode metal corrodes preferentially instead of the ship's hull. Common anode metals used include aluminum, zinc and magnesium. These are fastened to the ship's hull and act as a galvanic cell to divert corrosion from the steel onto themselves through an electrochemical reaction. New Biocidal Coatings to Prevent Marine Fouling Environmentally-compliant self-polishing copolymer (SPC) antifouling coatings were introduced in 2008 to replace tributyltin-based paints banned for releasing toxic organotins into the marine environment. SPCs are swellable pigment-filled paints that employ controlled release of biocides like copper and zinc to prevent fouling settlement without polluting surrounding waters. Application and Maintenance of Marine Coatings Special surface preparation involving grit blasting or power tool cleaning is needed for marine coatings to strongly bind to substrates. Primers are often applied as an undercoat before topcoats. Proper application requires observing conditions such as temperature, humidity, wet film thickness. Multiple coats may be needed with intermediate drying for some coatings. In summary, marine coatings protect ships and other maritime vessels from corrosion through barrier protection and sacrificial reactions, these features will provide positive impact to the growth of the marine coatings market. Choosing the right coating type according to application environment and conditions ensures durability and cost savings in the long run. Ongoing research also aims to develop more eco-friendly and foul-release based coating technologies for the shipping and offshore industries.

[advansappz]

Unveiling the Dynamics of Pressure Die Casting Industry in India: Trends and Prospects

India's industrial landscape has undergone a significant transformation in recent years, with the manufacturing sector emerging as a key contributor to economic growth. Within this realm, the pressure die casting industry stands out as a pivotal player, playing a crucial role in producing high-precision metal components for diverse applications. Exploring the current trends and opportunities within this sector reveals a promising landscape poised for growth and innovation.

Evolution of Pressure Die Casting in India

The pressure die casting industry in India has witnessed a remarkable evolution over the past few decades. Initially, it predominantly served automotive and engineering sectors. However, with advancements in technology and increased demand for complex, lightweight components, its applications have expanded across various industries including aerospace, electronics, and healthcare.

Trends Shaping the Industry

Advanced Materials and Alloys: The industry is embracing advanced materials and alloys to meet the demand for superior quality and performance. Aluminum, zinc, and magnesium alloys, known for their lightweight properties and high durability, are increasingly preferred for manufacturing components.

Technological Advancements: Automation, robotics, and digitalization have revolutionized the die casting process, enhancing efficiency, reducing production time, and minimizing errors. Industry 4.0 technologies are being integrated to streamline operations and ensure precision.

Focus on Sustainability: With a growing emphasis on environmental consciousness, the industry is adopting sustainable practices. Recycling and eco-friendly manufacturing processes are gaining traction, reducing material wastage and environmental impact.

Rise of Die Casting in Non-Traditional Sectors: The expanding applications of pressure die casting in non-traditional sectors like renewable energy (solar and wind), telecommunications, and consumer electronics are creating new avenues for growth.

Global Competitiveness: Indian die casting firms are increasingly becoming globally competitive, offering cost-effective solutions and maintaining high-quality standards, thereby attracting international partnerships and collaborations.

Opportunities on the Horizon

The pressure die casting industry in India presents several promising opportunities:

Expansion in Automotive Sector: With the automotive industry evolving towards electric vehicles (EVs) and lightweight designs, there is a surge in demand for die-cast components, presenting a significant growth avenue.

Emerging Export Potential: Indian manufacturers have the potential to become global suppliers by leveraging their expertise in high-quality, cost-effective production. Expanding export markets can significantly boost the industry's growth.

Investment in R&D: Investing in research and development to innovate new materials, processes, and technologies will enable companies to stay ahead in the competitive landscape and cater to evolving market demands.

Diversification into New Industries: Exploring untapped sectors such as medical devices, aerospace, and defense can open up new opportunities for die casting companies, given the demand for precision components in these industries.

Challenges to Address

Despite the optimistic outlook, the industry faces certain challenges:

Skill Development: There's a need to enhance skill development initiatives to meet the evolving technological requirements, ensuring a competent workforce capable of operating advanced machinery.

Infrastructure and Energy Costs: Addressing infrastructure constraints and managing energy costs remain crucial for sustained growth and competitiveness.

Quality Control and Compliance: Ensuring stringent quality control measures and compliance with international standards is essential to maintain credibility and secure global partnerships.

Conclusion

The pressure die casting industry in India is poised for a remarkable journey fueled by technological advancements, diversification, and global competitiveness. By capitalizing on emerging trends, leveraging innovation, and addressing challenges effectively, the industry can chart a path towards sustained growth, contributing significantly to India's manufacturing prowess on the global stage.

[jayanthitbrc]

Global Metal Forging Market Overview – Market Growth Analysis And Key Drivers

The Metal Forging Global Market Report 2023, provides comprehensive information on the metal forging market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

Learn More On The Metal Forging Market’s Growth:

As per The Business Research Company’s Metal Forging Global Market Report 2023, the global metal forging market size is expected to grow from $87.88 billion in 2022 to $94.74 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global metal forging market size is expected to reach $123.11 billion in 2027 at a CAGR of 6.7%.

Get A Free Sample Of The Report (Includes Graphs And Tables):

Automation in forging systems is a key trend gaining popularity in the metal forging market. Major market players are concentrating their efforts on creating innovative products through automated processing equipment such as induction forging, computer-controlled forging equipment, automatic control, and remote control of free forging hammers to sustain their position in the market. For instance, in January 2023, Strojmetal, a Czech Republic-based manufacturer of aluminum chassis parts and applications in the powertrain and battery housing sectors, installed a fully automated aluminum forging line. The new line is equipped with a range of state-of-the-art technologies, including a fully automated loading and unloading system, robots for part handling and transfer, and an advanced control system that allows for real-time monitoring and optimization of the forging process. The line is also designed to be highly flexible, with the ability to produce a wide range of different parts and handle different aluminum alloys.

The metal forging market is segmented:

1) By Type: Closed-Die Forging, Open-Die Forging, Ring Rolling

2) By Raw Material: Carbon Steel, Alloy Steel, Aluminum, Magnesium, Stainless Steel, Titanium, Other Raw Materials

3) By End-User: Automotive, Defense And Aerospace, Shipbuilding, Power Industry, Oil And Gas, Other End User

Asia-Pacific was the largest region in the metal forging market in 2022.

The table of contents in TBRC’s metal forging market report includes:

1. Executive Summary

2. Market Characteristics

3. Market Trends And Strategies

4. Impact Of COVID-19

5. Market Size And Growth

6. Segmentation

7. Regional And Country Analysis

.

.

.

27. Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

Learn About Us:  The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

Contact Us:  The Business Research Company  Europe: +44 207 1930 708

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[global-research-report]

Exploring the Metal Casting Market: Technological Advancements and Industry Outlook

The global metal casting market was valued at USD 136.71 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. Several factors are driving this market growth, with one of the primary drivers being the increasing demand for metal cast products, especially from the automotive sector. Metal casting is a widely used manufacturing process that involves pouring molten metal into molds or dies to create components with complex shapes and large sizes. This process is particularly beneficial for producing parts used in a variety of industrial applications, including automotive, industrial machinery, healthcare, telecommunications, and construction.

A key factor contributing to the growth of the metal casting industry is the regulatory pressure on automakers to improve fuel efficiency and reduce emissions. Governments around the world have implemented stringent pollution control and energy efficiency regulations, particularly in the automotive sector. These regulations are driving the demand for lightweight vehicles, which require casting materials such as aluminum and magnesium alloys to reduce the overall weight of vehicles. This shift toward lightweight vehicles has become an important trend in the automotive industry, as it helps automakers meet fuel efficiency standards while maintaining performance and safety.

Market Growth in the Asia Pacific Region

The metal casting market is expected to witness substantial growth in the Asia Pacific region, largely due to rising demand from end-use industries. Asia Pacific is home to rapidly growing markets in automotive, construction, and manufacturing, making it a crucial region for the industry. In particular, the demand for metal cast products is being driven by growth in the building and construction sector, especially in developing countries like China, India, Malaysia, and Indonesia.

For example, in 2018, Malaysia's residential and non-residential construction sectors grew by approximately 4.4% in real terms, while Indonesia’s construction sector experienced a healthy growth rate of around 7-8%. These growth figures were driven by increasing infrastructure development, government incentives, and favorable market conditions. Governments in these countries have been supporting the construction industry through initiatives such as relaxing mortgage down payment requirements and providing financial incentives for first-time homebuyers. As a result, the demand for metal casting products used in construction and infrastructure projects is expected to continue rising.

The building and construction industry’s growth in these countries is expected to have a significant positive impact on the metal casting market. The demand for cast products used in a variety of construction applications, including infrastructure projects (roads, bridges, and utilities) and residential and commercial buildings, is anticipated to continue expanding. The strong government support for infrastructure development in countries like China and India further supports the sustained growth of this market segment.

Gather more insights about the market drivers, restrains and growth of the Metal Casting Market

 Application Segmentation Insights

The automotive sector is the largest consumer of metal cast products, accounting for 59.5% of the market revenue in 2022. The automotive industry's demand for casting products continues to grow as global production increases. For instance, global automotive production saw a modest but consistent rise, with a 2.3% increase in 2017, according to the International Organization of Motor Vehicle Manufacturers (OICA). One of the key trends in the automotive sector is the increasing use of aluminum cast products, which are essential for reducing the weight of vehicles. This trend is expected to continue as automakers focus on achieving better fuel efficiency and complying with stringent emissions standards. The shift to lightweight materials in vehicle manufacturing is, therefore, a major factor fueling the demand for aluminum casting products in the automotive sector.

In addition to the automotive sector, the industrial segment is also expected to experience significant growth. The industrial segment is projected to grow at the fastest CAGR of 5.9% over the forecast period. Products such as decanters, metal valves, gaskets, flanges, air injection tubes, and various industrial components are commonly produced using casting processes. These products are critical in industries such as oil and gas, power generation, and manufacturing. The rapid expansion of manufacturing industries in emerging economies, particularly in China and other parts of Asia, is expected to be a major driver for growth in the industrial segment. The increased need for industrial equipment and infrastructure in these regions will result in higher demand for metal castings used in the production of these components.

The building and construction sector is another key consumer of metal casting products. As governments worldwide increase their investments in infrastructure, including transportation, water supply, telecommunications, and energy networks, the demand for cast products for use in these projects is growing. The construction of large-scale infrastructure, such as bridges, highways, and rail systems, relies heavily on the use of durable metal castings, which provide the necessary strength and resilience for these applications. As infrastructure development continues to be a priority in many developing economies, particularly in the Asia Pacific region, this will further drive the demand for metal casting products in the construction industry.

Key Growth Drivers

Automotive Demand: The automotive sector remains a dominant consumer of metal cast products, particularly in the production of lightweight vehicles to meet fuel efficiency and emission regulations. The continued demand for aluminum cast products in vehicle manufacturing is expected to support the overall market growth.

Industrial Expansion: The industrial segment, driven by the growing manufacturing sectors in Asia and emerging economies, is expected to expand rapidly. The production of industrial components such as valves, pipes, and fittings, all of which are manufactured using casting processes, will continue to drive market growth.

Construction Growth in Asia: The building and construction industry, particularly in developing countries in Asia, is experiencing robust growth. Government initiatives to boost infrastructure investment and residential construction will continue to increase demand for metal casting products, especially in sectors such as transportation, energy, and water infrastructure.

Sustainability and Energy Efficiency: Stringent regulations aimed at reducing carbon emissions and improving energy efficiency are likely to continue driving the adoption of lightweight and energy-efficient materials, particularly in the automotive and aerospace industries. This shift will further elevate the demand for casting solutions.

 

Challenges

Despite the positive growth outlook, the metal casting industry faces several challenges, including the volatility in raw material prices, environmental concerns related to energy consumption during the casting process, and the need for continuous technological advancements to meet the evolving demands of end-use industries. Additionally, the industry must navigate supply chain disruptions and address concerns about sustainability and waste management practices in the casting process.

Order a free sample PDF of the Market Intelligence Study, published by Grand View Research.

[factmrps]

Automotive Lightweight Material Market Material Insights

The global automotive lightweight material market has witnessed moderate growth at a CAGR of 3.3% over the past half-decade. However, due to the ongoing outbreak of COVID-19, automotive production has plummeted in quarter Q2 of FY2020, and has cascaded the demand effect towards automotive light weight material.

The market is set to decline by more than twofold over the short-term forecast period, owing to prolonged COVID-19 effect on the automotive industry. By the 1st quarter of FY2022, demand for automotive lightweight material is set to resurrect, owing to normalization of automotive production.

The automotive lightweight material market size is projected to witness nominal expansion at a CAGR of around 5% during the forecast period of 2020 to 2030. Speculative demand of material was observed over the 2nd quarter of FY2020. Reduced market prices have attracted suppliers to charge up their inventories to enhance their profits, post resurrection of the market by the beginning of the 3rd quarter.

Download Sample Copy of This Report:

Key findings of the Automotive Lightweight Material market study:

Regional breakdown of the Automotive Lightweight Material market based on predefined taxonomy.

Innovative manufacturing processes implemented by Automotive Lightweight Material vendors in detail.

Region-wise and country-wise fragmentation of the Automotive Lightweight Material market to grasp the revenue, and growth outlook in these areas.

Changing preferences among consumers across various regions and countries.

Factors (Positive and Negative) impacting the growth of the global Automotive Lightweight Material market.

Automotive Lightweight Material Market: Segmentation

Fact.MR has studied the automotive lightweight material market with detailed segmentation on the basis of by material, vehicle, application, and key regions.

·         By Material :

Steel

HSS

AHSS & UHSS

Metals

Aluminum

Magnesium

Titanium

Polymers

PP

PU

ABS

Polycarbonates

Polyamides

Others

Composites

Carbon

Aramide & Fiber Glass

Elastomers

·         By Vehicle :

Passenger Cars

Compact Cars

Mid-sized Cars

Luxury Cars

Premium Cars

LCVs

HCVs

·         By Application :

Engine & Mechanical

Chassis and Suspension

Powertrain

Others

Exterior & Structural

Body Structure and Frame

Body Panels & Trims

Closures

Others

Interior

Seating

Door Modules

Instrument Panels

Others

HVAC & Electrical

·         By Regions :

North America

Latin America Excluding Mexico

Europe Excluding Germany

East Asia Excluding China

South Asia & Oceania

Middle East & Africa

Germany

China

Mexico

Get Full Access of Complete Report:

Queries addressed in the Automotive Lightweight Material market report:

Why are the Automotive Lightweight Material market players targeting region for increased product sales?

What patented technologies are the players utilizing in the global Automotive Lightweight Material market?

Which regions are displaying the fastest growth in the Automotive Lightweight Material market?

What are the underlying micro- macroeconomic factors affecting the global Automotive Lightweight Material market?

Contact: US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583 E-Mail: sales@factmr.com

[my-123]

Titanium Tetrachloride Market Trends | Segmentation, Outlook, Industry Report to 2032

The Titanium Tetrachloride (TiCl4) market is anticipated to register a stable CAGR of 4.2% during the forecast years from 2022 to 2032. The market is expected to reach US$ 15131.84 Million in 2032, from US$ 10028.01 Million in 2022.

The significant production in the aerospace fleet all over the world is casting a positive impact on the global Titanium Tetrachloride (TiCl4) Market. Owing to this reasonable rise, the demand for Titanium Tetrachloride (TiCl4) Market.

The rising demand for the titanium tetrachloride (TiCl4) market is attributed to its increasing use of it in the dyes & pigments industry and in the chemical industry. Its widespread application is expected to propel the titanium tetrachloride (TiCl4) market key trends and opportunities.

Competitive Landscape

The key players in the Titanium Tetrachloride (TiCl4) Market are focusing on manufacturing operations all over the world. Some of the prominent key strategies include strategic acquisitions, product launches, and long-term off-take agreements with customers by titanium tetrachloride (TiCl4) market players.

Key Companies Profiled in Titanium Tetrachloride (TiCl4) Market are:

Huntsman International LLC, DowDuPont Inc., Kronos Lab Sciences Pvt. Ltd., Tronox Limited, ISK Industries, CRISTAL, The Kerala Minerals & Metal Ltd., Merck KgA

Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-9600

Key Segments

By Production Process:

Chlorination

Magnesium Thermal Reduction

Sodium Thermal Reduction

Aluminum Reduction

By Derivatives:

Titanium Nitride

Titanium Dioxide

Titanium Metal

Smoke Screens

Others

By End Use:

Aerospace

Defense

Dyes

Others

More Insights into the Titanium Tetrachloride (TiCl4) Market

North America and Europe are anticipated to hold a dominant position in the global Titanium Tetrachloride (TiCl4) Market by attributing to the highest share in terms of demand. Market expansion is one of the primary factors which is expanding its reach into the aerospace fleets and chemical industries.

Stringent government regulations in Europe and North America are expected to grow at a robust pace with a healthy growth rate. The rising demand for titanium tetrachloride (TiCl4) in chemical dyes and aerospace industries is anticipated to surge at a lightning-fast pace in China and South Korea, driving demand for titanium tetrachloride (TiCl4) in the region.

Due to the abundant availability of raw materials and reasonably low cost of production, China is expected to garner lion’s share in the titanium tetrachloride (TiCl4) market on the basis of its production. Across the projection period, China is expected to grow at an exponential pace.

Furthermore, titanium tetrachloride (TiCl4) market growth in Latin America, the Middle East, and Africa is expected to be slow over the forecast period.

[shital1998]

Dental 3D Printing Materials Market - Global Opportunity Analysis and Industry Forecast (2021-2028)

Meticulous Research®– a leading global market research company published a research report titled “Dental 3D Printing Materials Market by Type [Polymers (Resins, Thermoplastics), Composites, Metals, Ceramics (Zirconia, Alumina], Application (Dentures, Dental Trays, Crown Models) - Global Forecast to 2028.”

According to this latest publication from Meticulous Research®, the dental 3D printing materials market is expected to reach $2.60 billion by 2028, at a CAGR of ~22.4% during the forecast period. Some of the major factors driving the market's growth include the high prevalence of dental diseases like edentulism, increasing demand for cosmetic dentistry, growth in the geriatric population, and technological advancements in dental 3D printing. The advancements in the resins used for dental 3D printing and increasing awareness and acceptance of the computer-aided design/computer-aided manufacturing (CAD/CAM) technologies offer lucrative opportunities for market growth. However, the reluctance to adopt digital dentistry and the biocompatibility of 3D printing materials are the major challenges for the growth of the dental 3D printing materials market.

Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5204 Scope of the Report:

Dental 3D Printing Materials Market, by Type

·         Dental Polymers

o    Resins

o    Thermoplastics

o    Other Polymers

·         Dental Ceramics

o    Zirconia

o    Alumina

o    Other Ceramics

·         Composites

·         Metals Other polymers comprise polymer hydrogels, impression materials like the irreversible hydrocolloids, namely alginate, polysulfides, silicone rubbers. Other ceramics comprise calcium phosphate salts, glass ceramics, oxides of magnesium and titanium, leucite-reinforced glass ceramics, lithium silicate ceramics, and silicates.

Dental 3D Printing Materials Market, by Application

·         Dentures

·         Crown Models

·         Orthodontic Splints

·         Dental Trays

Dental 3D Printing Materials Market, by Geography

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    Italy

o    Spain

o    France

o    U.K.

o    Rest of Europe (RoE)

·         Asia-Pacific (APAC)

o    Japan

o    China

o    India

o    Rest of APAC (RoAPAC)

·         Latin America

·         Middle East & Africa

Speak with Our Analyst: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5204 Dental 3D printing materials market: Future Outlook

The dental 3D printing materials market study presents historical market data in terms of values (2019 and 2020), estimated current data (2021), and forecasts for 2028- by Type [Polymers (Resins, Thermoplastics), Composites, Metals, Ceramics (Zirconia, Alumina], Application (Dentures, Dental Trays, Crown Models). The dental 3D printing materials market study also evaluates industry competitors and analyzes the market at regional and country levels.

Based on material type, the dental 3D printing materials market is segmented into dental polymers, composites, dental ceramics, and metals. In 2021, the dental polymers segment is expected to account for the largest share of the dental 3D printing materials market. The segment’s large share is attributed to the dental polymers' ability to adapt to any environment, bio-compatibility, stability in oral condition, low cost, and advancements within the fields of engineering and nanotechnology.

Based on dental 3D printing polymers type, the market is segmented into resins, thermoplastics, and other dental polymers. In 2021, the resins segment is expected to account for the largest share of the dental 3D printing polymers market. Factors such as improvements in resin materials such as the development of new monomers, filler technologies, self-healing capacity, growing research to reduce the polymerization shrinkage, enhanced quality of the resins, and the development of nanofill composites are responsible for the growth of this segment during the forecast period.

Geographic Review

This research report analyzes major geographies and provides comprehensive analysis for North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America, and the Middle East & Africa. Europe is expected to account for the largest share of the dental 3D printing materials market in 2021, followed by North America and Asia-Pacific. Factors driving the European market include growth in the geriatric and edentulous population, rising demand for cosmetic dentistry, penetration of digital technologies in dental labs, rising number of dental implant procedures, and growing dental tourism.

BUY NOW: https://www.meticulousresearch.com/Checkout/73686619 Key Players

The key players operating in the dental 3D printing materials market are 3D Systems Corporation (U.S.), EnvisionTEC (U.S.), DWS S.r.l. (Italy), Keystone Industries (U.S.), VOCO GmbH (U.S.), DMG Chemisch-Pharmazeutische Fabrik GmbH (Germany), Stratasys Ltd. (Israel), Prodoways Tech (France), Formlabs Inc. (U.S.), DENTSPLY SIRONA Inc. (U.S.), 3M Company (U.S.), Den-Mat Holdings, LLC (U.S.), Shandong Huge Dental Materials Co., Ltd. (China), Ultradent Products, Inc. (U.S.), and Straumann Holding AG (Switzerland).

Key questions answered in the report-

·  Which are the high growth market segments in terms of material type, application, and regions/countries?

·  What was the historical market for dental 3D printing materials across the globe?

·  What are the market forecasts and estimates for the period 2021-2028?

·  What are the major drivers, challenges, opportunities, and trends in the dental 3D printing materials market?

·  Who are the major players in the dental 3D printing materials market?

·  Who are the market leaders in the dental 3D printing materials market?

·  What are the recent developments in the dental 3D printing materials market?

·  What are the different strategies adopted by the major players in the dental 3D printing materials market?

·  What are the geographical trends and high growth regions/ countries?

The Top 10 Companies In 

Dental 3D Printing Materials Market

:

https://meticulousblog.org/top-10-companies-in-dental-3d-printing-materials-market/

Contact Us:

Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

[research-blogs]

Metal Magnesium Market Size, Trends, Business Opportunities, Strategies, And Forecast 2027

The global metal magnesium market size is expected to reach USD 6.8 billion by 2027, expanding at a revenue-based CAGR of 8.8%, according to a new report by Grand View Research, Inc. Increased magnesium die casting product demand in various end-use industries is expected to drive the market.

Die casting products find wide applications in automotive, aerospace and defense, electronic casing, and housing. Despite high conductive properties, magnesium metal offers great resistance to radio and electromagnetic properties. This is likely to attract the demand in casings for phones, laptops, phones, and televisions over the coming years. Lightweight and insulative properties make these alloys useful in spacecraft, rockets, missiles, and aircraft.

The medical sector is projected to provide numerous opportunities for market vendors over the coming years. Magnesium alloys can be used in internal braces and dissolvable medical fittings. Other products such as power tools, bicycles, brackets, seat frames, sporting good equipment, ladders, and containers are also anticipated to attract significant demand over the long term.

Magnesium alloys are used as a replacement of plastics in some engineering products on account of its lower cost of production, high recycling capability, and higher stiffness. Magnesium is also used for non-structural applications such as domestic water heaters, storage tanks, and underground pipelines. It also acts as a reducing agent in the production of uranium, hafnium, zirconium, titanium, and beryllium.

Incessant production of automobiles is projected to drive the market over the long term. Automotive manufacturers are under pressure in order to reduce the weight of vehicles for improvement of fuel efficiency. Governments in various countries have imposed strict regulations for automakers to protect the environment through the reduction of pollution. Some of the key countries include the U.S., China, India, Brazil, and European countries. This is likely to boost the production of lightweight materials such as magnesium, aluminum, and plastics.

Asia Pacific is projected to attract the highest demand over the coming years on account of growing vehicle production in China, India, and Japan. Additionally, China is also the world’s largest producer of magnesium. Another key factor projected to assist the growth of the market in the region is the rapid expansion of the electronics sector, particularly in China.

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Metal Magnesium Market Report Highlights

· Aluminum alloys was the largest application segment in 2019 and accounted for a volume of 437.7 kilotons in 2019. Increasing aluminum content in vehicles and demand for lightweight aircraft is projected to assist in the growth of the segment

· In terms of revenue, die casting is projected to attain the fastest growth rate of 9.0% from 2020 to 2027. Applications such as electronics and medical are likely to offer numerous opportunities in this segment

· Asia Pacific is anticipated to remain the fastest-growing region from 2020 to 2027. It was also the largest regional market in 2019. The growth of the region is attributed to the rapid expansion of end-use industries including automotive, electronics, and aerospace and defense

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