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Casting Sales to Increase as Economy Recovers


U.S. casting production should ramp up as sales are forecast to grow 24.1% from 2009 through 2011. A MODERN CASTING Staff Report


T


he U.S. metalcasting industry is in the midst of a recovery from a dramatic recession that began at the end of 2008 and continued through the fi rst part of 2010. After achieving $28.2 billion in cast- ing sales in 2007, the industry fell to $21.2 billion


in sales in 2009 at the height of the economic recession. The industry began to rebound in 2010 with an estimated sales growth of 9.3%. The recovery is expected to accel- erate in 2011 with growth to $26.3 billion in sales. U.S. metalcasters’ sales should reach 2007 levels by 2012 and eclipse them in 2013. The major areas of growth for U.S. metalcasters are in


ductile iron, aluminum and magnesium as domestic auto production recovers and shipments to this market increase (Figs. 1-2). Steel metalcasters also will recover quickly to pre-recession sales as the mining, construction and railroad markets rebound.


Both gray and malleable iron sales are forecast to see slight


growth in the short term as the economy recovers from the recession, but long term forecasts show a continued loss in sales to other materials. Currently, the U.S. metalcasting industry is made up of


2,040 facilities. This fi gure is down from 2,336 fi ve years ago. The reduction in metalcasting facilities can be attributed to the economic recession, technological advancements, foreign competition and tightening regulations. Following are breakdowns of U.S. casting sales by metal


and end-use market with a forecast through 2019. This data is an estimated forecast based on an economic model and should be used only as an estimate.


MC


Visit www.moderncasting.com to read last year’s forecast, “Industry to Recover After Weak 2009.”


Fig. 1. Aluminum casting sales are forecast to increase dramatically through 2013, while ductile and gray iron and steel casting sales should see slight yet steady growth.


26 MODERN CASTING / January 2011


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