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Nonferrous Metal Foundry Products Manufacturing in the US - Industry Market Research Report

Publisher IBISWorld
Published Dec 30, 2024
Length 89 Pages
SKU # IBSS19493454

Description

Nonferrous Metal Foundry Products Manufacturing in the US - Industry Market Research Report


Nonferrous Metal Foundry Products Manufacturing in the US

The Nonferrous Metal Foundry Products Manufacturing industry produces cast metal components used as semi-finished goods in the production of many household and industrial products. As lighter alternatives to iron and steel, nonferrous metal castings can replace their ferrous counterparts in applications in which weight is important, such as in motor vehicle and aircraft manufacturing. Accordingly, automotive and aerospace-related industries are the largest markets for foundry products and hold authority over the health of metal foundries. The COVID-19 (coronavirus) pandemic caused global travel and consumer spending to fall abruptly in 2020. Effects from the pandemic, including global supply-chain shortages and suppressed purchases from downstream manufacturing, significantly hurt revenue generation for nonferrous metal foundries. Industry revenue has decreased at a CAGR of 3.1% to $13.6 billion over the years to 2023, including a decrease of 0.8% in 2023 alone.

The Nonferrous Metal Foundry Products Manufacturing industry primarily melts and pours nonferrous metals into molds 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, titanium and zinc.

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.

Table of Contents

89 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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