Global Glass Fiber Foundry Filter Market 2017-2021
About Glass Fiber Foundry Filter
Glass fiber foundry filters are widely used in non-ferrous alloy casting processes such as gravity die casting (GDC), low pressure die-casting (LPDC), sand mold casting, and shell mold casting. Aluminum, tin, lead, zinc, and magnesium are used as casting materials due to their relatively low melting point. During the casting process, the molten metal flows through the filter mesh. The glass fiber filter removes slag and other impurities from the molten metal without disintegrating it, as it passes through it to fill the die.
Technavio’s analysts forecast the global glass fiber foundry filter market to grow at a CAGR of 3.29% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global glass fiber foundry filter market for 2017-2021. To calculate the market size, the report considers the new sales and excludes retrofit/replacement/spares/aftermarket/services market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Glass Fiber Foundry Filter Market 2017-2021
Technavio recognizes the following companies as the key players in the global glass fiber foundry filter market: Fibrecn International, Texers Technical Ceramics, and Shanghai Haiying Insulation Glass Fiber.
Other Prominent Vendors in the market are: Asian Foundry Filters, Baoding Ningxin New Material, Industrial Ceramic Products, SELEE Corporation, and Vesuvius.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is automation in die casting process. There has been a steady increase in the adoption of industrial robots in the manufacturing sector during the past two decades. Almost 15,000 industrial robots are sold every year indicating their growing importance in the manufacturing sector. The introduction of these industrial robots into the manufacturing process offers several benefits like increased efficiency, enhanced flexibility, reduced cycle time, enhanced precision in producing the final product, and mass production.”
According to the report, one of the major drivers for this market is emerging aerospace and defense sector. Non-ferrous metals die casting process is widely used in the aerospace and defense sector along with forging techniques to reduce the weight of an aircraft and to increase its fuel efficiency. There has been an increasing demand for aluminum and other lightweight alloys over steel for use in manufacturing aircraft bodies and corresponding parts, as these metals reduce the weight of the overall aircraft to a great extent.
Further, the report states that one of the major factors hindering the growth of this market is energy-intensive process. Casting requires huge amounts of energy for plant operation, of which a significant amount of the energy is consumed in the final cast part. In die casting, natural gas is chiefly used for treating metals, followed by coal coke and breeze, and electricity.
Fibrecn International, Texers Technical Ceramics, Shanghai Haiying Insulation Glass Fiber, Asian Foundry Filters, Baoding Ningxin New Material, Industrial Ceramic Products, SELEE Corporation, and Vesuvius.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook