Iron Castings Market Growth Insights In 2022 : Cast iron is a group of iron-carbon alloys with a carbon content greater than 2%. Its usefulness derives from its relatively low melting temperature. The alloy constituents affect its colour when fractured: white cast iron has carbide impurities which allow cracks to pass straight through, grey cast iron has graphite flakes which deflect a passing crack and initiate countless new cracks as the material breaks, and ductile cast iron has spherical graphite nodules which stop the crack from further progressing.
Grey cast iron is characterised by its graphitic microstructure, which causes fractures of the material to have a grey appearance. It is the most commonly used cast iron and the most widely used cast material based on weight. Ductile cast iron has its graphite in the form of very tiny nodules with the graphite in the form of concentric layers forming the nodules. As a result, the properties of ductile cast iron are that of a spongy steel without the stress concentration effects that flakes of graphite would produce. Malleable iron starts as a white iron casting that is then heat treated for a day or two at about 950 °C (1,740 °F) and then cooled over a day or two. As a result, the carbon in iron carbide transforms into graphite and ferrite plus carbon (austenite). The slow process allows the surface tension to form the graphite into spheroidal particles rather than flakes.
The global Iron Castings market size is projected to reach USD 7020.8 million by 2026, from USD 7974.3 million in 2020, at a CAGR of -2.1% during 2021-2026.
This report focuses on Iron Castings volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Iron Castings market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, etc.
Global Iron Castings Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Leading Key Players In the global Iron Castings market 2022:
Based on product, the Iron Castings market is segmented into Gray Iron, Ductile Iron, Malleable Iron and other. The Iron Castings products segment dominated the Iron Castings market in 2022. Rising incidences and new product launches expected to drive the segment growth.
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