SHORT-TERM GROWTH
INDUSTRY TO SEE CONTINUED
U.S. casting sales are forecast to grow moderately in all metals through 2016, and then fl atten out in the long term through 2023.
AN MCDP STAFF REPORT U
S. metalcasting industry sales is expected to reach $33.51 billion in 2017, according to the 2015 Metalcasting Forecast and Trends report published by the American Foundry Society, Schaumburg, Ill. T is growth represents a contin- ued recovery from the dramatic recession that began at the end of 2008 and continued through the fi rst part of 2010. After shipping
$31.5 billion in castings in 2007, the industry bottomed out at $21.6 billion in shipments in 2009 at the depth of the recession. T e industry began to rebound in 2010 with an estimated growth of 18% from the previous year to $25.46 billion, and this continued in 2011, when sales reached $29.64 billion. All metals are expected to see sales growth in the short
term. Investment cast steel, aluminum and copper see forecast growth rates above 3% from 2014 to 2016, while compacted graphite iron is expected to jump 4.82%. Compacted graphite iron’s growth is forecast to come
Ductile iron and aluminum are expected to gain 3% annual growth through 2016.
Titanium, copper-based and other nonferrous alloys are trending upward through 2015.
Jan/Feb 2015 | METAL CASTING DESIGN & PURCHASING | 19
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