Foundries include iron foundries, steel investment foundries, steel foundries, non-ferrous metal die casting foundries, aluminium foundries and other non-ferrous metal foundries. These establishments pour molten metal into molds to manufacture castings. They also perform operations like cleaning and deburring, on the castings they manufacture.
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The global foundries market was valued at $222.4 billion in 2017. Among regional markets, Asia Pacific was the largest geographic region in the market, accounting for more than one-third of the global market share. 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.
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The USA was the largest country in the market, accounting for more than one-fourth of the global foundries market share. This can be attributed to the large automobile and telecom manufacturing market in the country. The USA was followed by China and India as the next largest countries in the market.
The top five competitors in the market are Alcoa followed by Bharat Forge, Hitachi Metals, Precision Castparts and AMCOL Metalcasting. Alcoa is a major producer of primary aluminium, fabricated aluminium, and alumina combined, through its active and growing participation in all major aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling with corporate headquarters in Pittsburgh, Pennsylvania.
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