A joint venture worth USD 834 million for the construction of a forging and metal casting plant in Saudi Arabia to produce roughly 60,000 tonnes of metal casting per year was announced by South Korean company Doosan Heavy Industries & Construction and Saudi Aramco Development Co.
Switzerland-based GF Casting Solutions and Mexico-based Bocar Group, a leading supplier of assembly and light metal casting solutions, enter into an agreement to offer professional services and a wide range of products worldwide announced. The alliance aims to bring greater value to customers by combining the capabilities of these leaders in high pressure die casting parts.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5133
Published Date: Aug 08, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for metal casting in end use industry and growing use of aluminum as lightweight material in vehicle industry are some of the major factors anticipated to drive the growth of the metal casting market.
The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Gibbs Die Casting, Mino Industrial, Nemak, Rheinmetall Automotive, Doosan Heavy Industries & Construction, Endurance Technologies Limited and others.
The aluminum segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in Asia Pacific is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.