Mineral casting market prospects | 2027 industry analysis, scale, share, growth, trends and forecasts
By 2022, the minerals and metals market is expected to grow at a compound annual growth rate of 7.9%. The growth may be due to trade restrictions and complex global supply chains.
The main manufacturers of mineral castings include EMAG, Schneeberger, RAMPF Group, Gurit, Frei, Anda Automation Equipment, Mica Advanced Materials, BORS technology, Kulam technology, Jacob (Jacob) ironwork engraver tek and Ji Di (Guindy) machine tools.
Since its inception 30 years ago, mineral castings have become the superior technology of traditional steel or cast iron used today.
Compared with steel or iron castings, it has high cost, economic and environmental benefits. It is resistant to chemical corrosion and has excellent vibration damping properties, making it an ideal choice for industries such as machine tools, electronics, solar technology, medical equipment and packaging.
With the recovery of global trade and business recovering from the losses of the covid-19 pandemic, it is expected that the mineral casting market will experience substantial growth in the projected period of time (ie 2021 to 2027).
The report provides an in-depth assessment of the industry and market forecasts (2021-2027). The market segmentation of mineral castings is based on materials and practical applications.
Segmented by application, the market is divided into mechanical parts and machine tool manufacturing.
The research method combines primary and auxiliary research techniques and expert commentary to correctly understand market forecasts. The main research sources include lectures, interviews, records, letters and other sources. Telephone interviews with industry experts were conducted to obtain fair market conditions. With reliable sources of supply, we have a thorough understanding of the market.
Based on the understanding of requirements, further research was conducted to identify segmented requirements. Various sources are considered, such as trade journals, government websites, and trade association data. The secondary data has been verified by industry experts such as CEO, vice president, and subject matter experts.
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With the adoption of advanced technologies in the medical, electronics and machine tool industries, the potential of the mineral casting manufacturing market is expected to grow significantly during the forecast period. (2021-2027)
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