The global demand for Mineral Castings Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Mineral casting, also referred to as polymer-bonded mineral casting, is a construction and design material with enormous properties. It is used as a base- frame in grinding machines or machining centers. It offers low heat conduction, low density, non-corrosive, high thermal capacity, electrical insulator, non-magnetic, low water absorption, and is considered as a lightweight construction material. It is now used as an alternative to cast iron and steel structures and is preferred technology for many applications.
Rapidly growing applications across vast industries drives the growth of the market. Mineral casting conveys unique technological, economic, and environmental benefits yet, besides, saves cost. Its remarkable chemical resistance, vibration damping, and thermal properties intrigue users in the machine tool industry. Emerging uses in the medical device sector, in the sun-powered energy, electronics, and packaging industries, to open lucrative opportunities to the market.The manufacturers are consistently looking for new formulation and new materials which may improve the quality of finished products, reduce the costs of manufacturing, and increase the flexibility of process.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of mineral castings.
The entire mineral castings market has been sub-categorized into type and applications. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Epoxy Mineral Casting
- Polymer Minreal Casting
- Manufacturing of Machine Tool Beds
- Mechanical Parts
This section covers regional segmentation which accentuates on current and future demand for mineral castings market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Mineral Castings Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the mineral castings market include Fritz Studer AG, Cullam Technologies Co., Ltd., EMAG, RAMPF Group, FREI, SCHNEEBERGER, Mica Advanced Materials, Gurit, BORS technology, ANDA automation equipment, Jacob Iron Works Harvest Tek Co., Ltd., Guindy Machine Tools Limited. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.