Nonferrous Metal Foundry Products Manufacturing in Canada
The Nonferrous Metal Foundry Products Manufacturing industry has performed well over the past five years, despite massive drops in nonferrous metal prices and weakening demand from certain industrial markets. Since nonferrous metals comprise the industry's most significant input and output, foundries may be vulnerable to fluctuations in the prices of these metals, which are tied to trends in industrial activity. Over the next five years, the industry will benefit from rising global manufacturing activity, which will support rebounding prices for nonferrous metals and, therefore, industry castings. Growing demand for nonferrous metal castings from the global aerospace and automotive markets will also bolster revenue from industry exports.
This industry primarily melts and pours nonferrous metals into moulds of a desired shape to make castings. The castings are made from purchased metals or in integrated secondary smelting and casting facilities. The main nonferrous metals the industry uses are aluminum, copper, magnesium, nickel and titanium.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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