Global Compacted Graphite Iron Market, By Grade (300 MPa, 350 MPa, 400 MPa, 450 MPa, 500 MPa), Product (Spheroid, Nodules), Application (Car Brake Disc, Exhaust Manifold, Cylinder, Diesel Engines, Turbine, Other), End User (Automotive, Construction, Marine, Power Generation), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Compacted Graphite Iron Market
The compacted graphite iron market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 13806.8 million by 2028 and exhibit a CAGR of 5.0% in the above-mentioned forecast period.
Compacted graphite iron (CGI), also referred to as vermicular graphite iron, is a highly popular metal for its greater strength or lower weight than cast iron. It is a form of cast iron in which the shape of the graphite particles is between that of conventional grey iron flakes and ductile iron where the graphite is in spheres. It is used in various industries such as automotive, construction, marine and power generation.
The factors such as rising demand from the marine industry, increasing adoption of luxury vehicles across the globe and growing adoption of lightweight automotive components are the root cause fueling up the compacted graphite iron market growth rate. Additionally, the growing demand of compacted graphite iron offers due to numerous qualities, such as ductility, strength and thermal conductivity impact the growth rate of the compacted graphite iron market. However, the restricted product penetration across various end-use sectors owing to the recent development in cast iron technology derail growth of the compacted graphite iron market.
Regular research and development activities carried out to lower the processing period and cost of the goods generate various opportunities for the market. The COVID-19 has hampered the expansion of the CGI demand since it has diminished the construction-related activities and sale of vehicles across the globe, which pose as challenge for the market’s growth.
This compacted graphite iron market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on compacted graphite iron market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Compacted Graphite Iron Market Scope and Market Size
The compacted graphite iron market is segmented on the basis of grade, product and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of grade, the compacted graphite iron market is segmented into 300 MPa, 350 MPa, 400 MPa, 450 MPa and 500 MPa.
- On the basis of product, the compacted graphite iron market is segmented into spheroid and nodules.
- On the basis of end user, the compacted graphite iron market is segmented into automotive, construction, marine and power generation.
Compacted Graphite Iron Market Country Level Analysis
The compacted graphite iron market is analyzed and market size, volume information is provided by grade, product and end user as referenced above.
The countries covered in the compacted graphite iron market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is estimated to dominate the compacted graphite iron market owing to the rising adoption of lightweight materials in the automobile sector during the forecast period within the region. On the other hand, Asia-Pacific will continue to show lucrative growth within the forecast period due to the growing consumer focus on fuel efficiency.
The country section of the compacted graphite iron market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Compacted Graphite Iron Market Share Analysis
The compacted graphite iron market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to compacted graphite iron market.
The major players covered in the compacted graphite iron market report are HEBEI PROVINCE JING COUNTY JINLI CASTING CO., LT, ASI INTERNATIONAL. LTD, TEKSID S.P.A., Fagor Ederlan, WAUPACA FOUNDRY, INC., Baker Manufacturing Company, LLC, Durham Foundry (Sheffield) Ltd,, Tupy SA, Eisenwerk Erla GmbH, Atlas Foundry Company Inc. , Silbitz Guss GmbH, Eisengiesserei Baumgarte GmbH, Fritz Winter Eisengießerei GmbH & Co. KG, Daimler AG, SinterCast, Atlas Foundry Company Inc., WAUPACA FOUNDRY, INC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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