The global Metal Casting market is forecast to reach USD 193.53 Billion by 2027, according to a new report by Reports and Data. The market is witnessing a surge in demand owing to the rising prevalence of the emission norms encouraging the use of the metal casting process, and increasing demand in the automobile sector. Moreover, the increasing trend of lightweight vehicles is fostering the market's demand. However, the high capital required for the setup is hampering the market's demand.

A rise in the trend in urbanization is a critical factor in the growth of the housing and infrastructure sectors. First-time homebuyers are encouraged and funded to cause the development of the building & design industry. Governments in various countries provide opportunities and support to meet the housing needs of the increasing population.

Key participants include Dynacast Ltd., Ryobi Limited, Gibbs (Koch Enterprises Inc.), POSCO, CALMET, Hitachi Metals, MES Inc., Alcast Technologies, Arconic, and Uniabex, among others.

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The use of lightweight casting materials, including magnesium and aluminum alloy, will minimize the weight of the body and frame by up to 50%. Consequently, to meet the European Union (EU) and US Environmental Protection Agency (EPA)'s strict pollution, and fuel efficiency goals, the use of lightweight materials (Al, Mg, Zn & others) has increased in the automotive sector.

One of the main limitations for the manufacturers is the high cost of cast materials such as aluminum and magnesium. The initial period capital cost for setup is also becoming a challenge for new entrants. These factors will, in the near future, affect the growth of the industry.

For the purpose of this report, Reports and Data have segmented into the global Hospital Equipment and Supplies market on the basis of process type, material, application, and region:

Process Type Outlook (Revenue, USD Billion; 2017-2027)

Gravity Casting
High-Pressure Die Casting
Low-Pressure Die Casting
Sand Casting

Material Outlook (Revenue, USD Billion; 2017-2027)

Cast Iron
Aluminum
Zinc
Magnesium
Others

Application Outlook (Revenue, USD Billion; 2017-2027)

Automotive
Industries
Building & Construction
Others

Regional Outlook (Revenue, USD Billion; 2017-2027)

North America
Europe
Asia Pacific
MEA
Latin America

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