09-09
→Foundry Market to Make Great Impact in near Future by 2024
The MarketWatch News Department was not involved in the creation of this content.
May 26, 2020 (Stockestic via COMTEX) -- A foundry is a factory that produces metal castings. Metals are cast into shapes by melting them into a liquid, pouring the metal into a mold, and removing the mold material after the metal has solidified as it cools. The most common metals processed are aluminum and cast iron.
Big Market Research has added a report, titled, "Foundry Market" The report not only provides a comprehensive analysis of market overview and dynamics for the historical period, 2020-2024, but also offers global and regional forecasts on market value, volume production, and consumption during the future period, 2020-2024. The report also analyzes the key market players, especially the distributors, along with the industrial chain structure. The evolution of market trends is discussed along with the competitive landscape in various regions, which would help top and emerging market players to determine the lucrative investment pockets.
"Our analysis involves the study of the market taking into consideration the impact of the COVID-19 pandemic. Please get in touch with us to get your hands on an exhaustive coverage of the impact of the current situation on the market. Our expert team of analysts will provide as per report customized to your requirement."
R The report begins with a brief introduction and market overview, in which the Foundry industry is first defined before estimating its market scope and size. Next, the report elaborates on the market scope and market size estimation. This is followed by an overview of the market segmentations such as type, application, and region. The drivers, limitations, and opportunities are listed for the Foundry industry, followed by industry news and policies.
The report performs an industry chain analysis, focusing on upstream raw material suppliers and major downstream buyers. The data is highlighted through the use of tables and figures, which also include manufacturing cost structure and market channel analysis. Major players involved in the Foundry industry are also delineated, along with their market share and product types.
The report segments the global Foundry market based on factors such as type, application, and region. For the historic period, extensive insights on value, market share, production, growth rate, and price analysis for each sub-segment is offered by the report. Additionally, the report also delves into regional production, consumption, export, and import for the historic period. Finally, the current market status and SWOT analysis for each region are elaborated, which would assist market players to gain a competitive edge by determining the dominant segments.
The key players profiled in this report include: Ashok Leyland Ltd., DCM Ltd., Electrosteel Castings Ltd., Jayaswal Neco Industries Ltd., Kirloskar Ferrous Industries Ltd., Mahindra CIE Automotive Ltd., Nelcast Ltd., Sanmar Group, Tata Metaliks Ltd., Tata Motors Ltd.
The key product type of Foundry market are: Gray iron casting foundry market, Non-ferrous casting foundry market, Ductile iron casting foundry market, Steel casting foundry market, Malleable casting foundry market.
The end users/applications listed in the report are: Semiconductor foundry market, Consumer electronics foundry market, automotive industry foundry market, Electrical and construction industry foundry market, Industrial machinery industry foundry market.
Based on region the report evaluates the market across different region such as: North America, Europe, China, Japan, Middle East & Africa, India, and South America.
For the future period, sound forecasts on market value and volume are offered for each type and application. In the same period, the report also provides a detailed analysis of market value and consumption for each region. These insights are helpful in devising strategies for the future and take necessary steps.
09-09
→
In the oxidizing atmosphere melting furnace, the lining mainly consists of chrome corundum refractory castables. However, the high temperature zone in the furnace has a temperature of up to 2000 °C. With the recognition of environmental hazards caused by the high temperature of Cr2O3, and the traditional chrome corundum Refractory castables cannot meet the longevity requirements of kiln because of their poor thermal shock resistance. Therefore, there is an urgent need for a refractory castable product with low chrome and thermal shock resistance.
Chromium zirconium refractory castable
1. Performance characteristics of chrome-zirconium corundum refractory castable
The chromium zirconium corundum refractory castable is a proportion of zirconia fine powder added to the chrome corundum refractory castable. Although the chromium content of this refractory castable is greatly reduced, the addition of zirconia does not affect the slag corrosion resistance of the material.
On the contrary, since the melting point temperature of zirconium is very high, it is 2700 °C. At the same time, the zirconia material itself is not oxidized and has a high density. The cost is also much lower than that of chrome corundum refractory castables. Therefore, the chrome-zirconium corundum refractory castable has the characteristics of high temperature chemical stability, high load softening temperature, slag corrosion resistance, oxidation resistance, thermal shock resistance and no pollution.
2. Application of chrome-zirconium corundum refractory castable
The chromium zirconium corundum refractory castable is mainly used in the high temperature region of the oxidizing atmosphere melting furnace because of its excellent high temperature corrosion resistance and thermal shock resistance, for example, the slag portion of the gasification melting furnace.
Conclusion
The chrome-zirconium corundum refractory castable has become the low-chromium refractory castable with the highest application rate in the high temperature region of the domestic oxidizing atmosphere melting furnace. The application of the refractory castable not only has superiority in high temperature performance, but also relatively high cost performance. Industrial change ideas for low chrome in high temperature furnaces. It is a green economy high temperature refractory castable.
09-09
→
DUBLIN, July 29, 2020 /PRNewswire/ -- The "Corundum - Global Market Trajectory & Analytics" report has been added toResearchAndMarkets.com's offering.
The publisher brings years of research experience to this 6th edition of the report. The 140-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Corundum Market to Reach $36.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Corundum estimated at US$24.8 Billion in the year 2020, is projected to reach a revised size of US$36.1 Billion by 2027, growing at a CAGR of 5.5% over the period 2020-2027.
The U.S. Market is Estimated at $6.7 Billion, While China is Forecast to Grow at 8.4% CAGR
The Corundum market in the U.S. is estimated at US$6.7 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$7.6 Billion by the year 2027 trailing a CAGR of 8.4% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
09-09
→Norsk Hydro and the Federal University of Para partner for bauxite residue cement development
Brazil: Norway-based Norsk Hydro and the Federal University of Para (UFPA) have announced their collaboration on the development of a low-carbon cement from bauxite residue from Norsk Hydro subsidiary Alunorte’s bauxite mining and alumina refining operations in the state of Pará. Electronic News has reported that the research partnership hopes to develop a new cement for commercial production and sale by 2030. This will use an estimated 500,000t/yr of waste bauxite residue.
Norsk Hydro bauxite and alumina research and development senior manager Erik Araujo said, “Hydro seeks to be a benchmark in sustainability in the aluminium industry. The research is an opportunity to promote intersectional advances in our environmental management, with a reduction in carbon emissions for the cement industry.
09-09
→Global Magnesite Mining Market Forecast to 2022 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Magnesite Mining Global Market Forecast To 2022" report has been added toResearchAndMarkets.com's offering.
Global Magnesite Mining Market Forecast to 2022 provides strategists, marketers and senior management with the critical information they need to assess the global magnesite mining market.
The magnesite mining market consists of sales of magnesite by entities (organizations, sole traders and partnerships) that mine magnesite ores that are used in pharmaceuticals and chemical applications
Where is the largest and fastest growing market for the magnesite mining? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Magnesite Mining market global report from the author answers all these questions and many more.
Asia Pacific was the largest region in the global magnesite mining market, accounting for 75% of the market in 2018. Middle East was the second largest region accounting for 11% of the global magnesite mining market. Africa was the smallest region in the global magnesite mining market.
The use of renewable energy is helping magnesite mining companies to reduce energy consumption and control emissions in the mines. As the solar or wind projects are built close to the mine sites, the cost of connecting to the power grid is also reduced. Site-appropriate renewable energy sources are reliable, consistent and also economical. BHP Billiton, RioTinto, and Barrick Gold have started implementation of renewable energy sources in their mines.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider general mineral mining market, and compares it with other markets.
09-09
→Magnesite Market is Forecast to Reach $11.39 Billion by 2025
Magnesite Market is forecast to reach $11.39 billion by 2025, after growing at a CAGR of 5.54% during 2020-2025. The key factors driving magnesite market growth include increased demand for magnesite, particularly in...
Magnesite Market is forecast to reach $11.39 billion by 2025, after growing at a CAGR of 5.54% during 2020-2025. The key factors driving magnesite market growth include increased demand for magnesite, particularly in chemical and construction industries and increased production of different grades worldwide. Furthermore, the increase in demand from refractory applications primarily in the iron & steel industries fuel the growth of the market.
Key Takeaways
Growing cement consumption across the globe, magnesite use as a cement additive in the cement industry is majorly driving the growth of the magnesite market
The chemical segment is expected to grow at a significant rate due to magensite absorbent property which makes it useful for spill cleanup of hazardous chemicals.
Magnesite is also used to treat industrial wastewater containing heavy metals and silica. Increasing use of magnesium oxide in growing demand for magnesite application in wastewater treatment, animal feed and magnesia-based wallboards are the key supporter for the positive impact on the growth of magnesite.
09-09
→Refractories: US-China uncertainty overshadows refractory supply chains at UNITECR 2019
Despite a devastating typhoon, 859 participants from 41 countries gathered this month atUNITECR (the Unified International Technical Conference of Refractories) in Yokohama, Japan – a biennial international conference to discuss current trends in the refractories industry. Delegates discussed how strengthening Chinese environmental regulations, rising Chinese production costs, and high raw material prices continue to have an impact on the world refractories industry. Some of the most important industrial minerals for use in refractories are graphite, alumina and magnesia – which have also been some of the materials most dramatically affected by price rises in recent years. China remains the largest producer of refractories and is expected to account for more than two thirds of a global output of 37.3Mt in 2019. It is also the largest supplier of refractory raw materials for its own consumption as well as for export.
Delegates at the conference reported concerns about the lack of certainty around Chinese plans for next year and even for the next decade. Continued trade tensions between the USA and China are adding to the lack of certainty Chinese delegates are feeling in their domestic markets. US and Chinese negotiators are currently working to complete a text for the agreements for US President Donald Trump and Chinese President Xi Jinping to sign at an Asia-Pacific Economic Cooperation summit in Chile 16th to 17th November 2019, but deep differences in the two countries’ economic models mean their trading relations are likely to be unstable for years to come.
Roskill View
Prices for refractory minerals, including graphite, alumina and magnesia, increased from mid-2017 through 2018 as a result of Chinese production plant closures (as well as rising demand from non-refractory applications – in particular, there was strong growth for graphite in the lithium-ion battery industry). Refractory producers began to increase purchases and build stockpiles to guard against further price rises and the possibility of supply shortages. Price rises slowed though H2 2018 and H1 2019 and in some cases have reversed, but prices for most of the refractory raw materials remain far higher than they were in the mid-2010s.
China is expected to continue its programme of environmental inspections and the closure of plants that fail to meet standards across all industrial sectors, especially in the lead-up to 2021 – the year which marks the first of China’s “two centenary goals” which represent the 100th anniversaries of both the CCP and the People’s Republic of China – goals which were made by the 18th Party Congress in 2012, the same Party Congress that saw Xi Jinping assume his leadership position. A new round of environmental inspections was confirmed this October and China will soon begin dispatching teams of inspectors in the coming months.
Roskill’s research in China suggests that the government believes environmental protection will improve economic development. Many Chinese companies in the refractories supply chains are reporting higher profits since environmental inspections improved their processes, especially at the loss-making state-owned enterprises (SOEs). Roskill’s in-house forecasts expect Chinese crude steel production to remain flat between 2019 and 2021 at around 975Mt before declining by 0.6%py to 2029. World crude steel is expected to see growth of just 0.8%py between 2019 and 2029, resulting in a flat forecast for concomitant global refractory output.
Roskill’s NEW report Non-metallurgical Bauxite & Alumina: Outlook to 2029, 10th edition is due for publication soon. Click here to download the brochure and sample pages, or to access further information. Roskill also publishes a range of reports covering the graphite and magnesia markets.
09-09
→
LONDON--(BUSINESS WIRE)--The refractory materials market for steel industry is expected to grow by 5.20 million tons during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.
Factors such as growing disposable incomes, rapid urbanization, and the need for infrastructure development have significantly increased the consumption of steel across various sectors including, construction, infrastructure, automotive, and consumer durables. For instance, the growing population and rising adoption of commercial and passenger vehicles have significantly increased the demand for steel in the automotive industry. Similarly, the growing consumer demand for household appliances such as washing machines, dishwashers, microwave ovens, cutlery, and furniture has increased the demand for steel in end-user industries. Refractory materials are widely used in the production of steel. These factors are expected to fuel the growth of the global refractory materials market for steel industry during the forecast period.
To learn more about the global trends impacting the future of market research, download a free sample:https://www.technavio.com/talk-to-us?report=IRTNTR43670
As per Technavio, the increasing capacity developments in the steel industry will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Refractory Materials Market for Steel Industry: Increasing Capacity Developments in the Steel Industry
The global steel industry has been witnessing significant growth in capacity expansions over the last decade. The industry grew from 1.05 billion tons in 2000 to 2.39 billion tons in 2016. This can be attributed to the continued increase in the demand for steel from various end-user industries. During the forecast period, the Middle East is expected to witness a significant rise in the production capacity due to the increased focus on attaining a self-reliable economy among countries in the region. Economies that constitute the Commonwealth of Independent States (CIS) and several APAC countries are also expected to witness significant growth in capacity additions. These developments are expected to contribute to the growth of the global refractory materials market for steel industry during the forecast period.
09-09
→
Global Refractories Market to Reach $25.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Refractories estimated at US$23.1 Billion in the year 2020, is projected to reach a revised size of US$25.2 Billion by 2027, growing at aCAGR of 1.3% over the period 2020-2027. Bricks & Shapes, one of the segments analyzed in the report, is projected to record 0.9% CAGR and reach US$14 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Monolithics & Others segment is readjusted to a revised 1.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.3 Billion, While China is Forecast to Grow at 2.6% CAGR
The Refractories market in the U.S. is estimated at US$6.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.7 Billion by the year 2027 trailing a CAGR of 2.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0% and 0.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.3% CAGR.We bring years of research experience to this 18th edition of our report. The 336-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
12/F World Trade Center Zhongshan District Dalian China 116001
+86-411-83623330
+86-18642817880
