Foundries Market Business Outlook, Analysis and Forecast 2019 – 2022
Foundries Global Market Report 2019:
Foundries Market Global Report 2019 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global Foundries market. The Foundries market consists of the revenues generated from sales of advertising, subscriptions and advisory services by entities.
The foundries market consists of sales of molded castings by entities (organizations, sole traders and partnerships) that pour molten metal into molds to produce castings. Foundries include iron foundries, steel investment foundries, steel foundries, non-ferrous metal die casting foundries, aluminum foundries and other non-ferrous metal foundries.
Asia Pacific was the largest region in the global foundries market, accounting for 55% of the market in 2018. North America was the second largest region accounting for 16% of the global foundries market. Africa was the smallest region in the global foundries market.
Computer-Aided Designs (CAD) programs is a major trend in the foundry market for enhanced productivity. This technology involves the adaptation of CAD files to guide additive manufacturing programs. This is similar to 3D-printing of bonded sand into optimally designed molds and cores. CAD programs help the companies in this market to optimize the casting designs.
Read more: Foundries Market Business Outlook, Analysis and Forecast 2019 – 2022
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