from 2,380 in 2005. T is reduction can be attributed to the recession, techno- logical advancements, foreign com- petition and tightening regulations. Industry capacity is 15.3 million tons with the industry forecast to operate at 75% of capacity in 2017. Based on the data secured through the “2015 Annual Census of World Casting
Production” by Modern Casting maga- zine, China shipped 45.6 million metric tons of castings in 2015 compared to 10.77 million metric tons by India and 10.4 by the U.S. Following China, the U.S. and India are Japan (5.4 million metric tons), Germany (5.3), Russia (4.2), Brazil (2.3), Korea (2.63), Italy (2.03) and Turkey (1.85).
DUCTILE IRON MARKET SUMMARY
Iron Pipe, Fittings, Ingot Molds - NAICS 331511 Short Term Annual Growth Rate (AGR) ‘16-’19 ................. 6.6% Long Term AGR ‘16-’25 ................................................................. 2.2%
Metal Valve - NAICS 33291 Short Term AGR ‘16-’19 ................................................................. -1.5% Long Term AGR ‘16-’25 .............................................................. -0.5%
Agricultural Implement Manufacturing- NAICS 333111 Short Term AGR ‘16-’19 ................................................................. 3.5% Long Term AGR ‘16-’25 .................................................................. 1.2%
Construction Machinery - NAICS 333120 Short Term AGR ‘16-’19 ................................................................ 14.2% Long Term AGR ‘16-’25 ................................................................ 4.8%
Oil and Gas Field Machinery - NAICS 333132 Short Term AGR ‘16-’19 ............................................................... 34.3% Long Term AGR ‘16-’25 ............................................................... 14.5%
Pump and Compressor Manufacturing - NAICS 33391 Short Term AGR ‘16-’19 ................................................................... 5.1% Long Term AGR ‘16-’25 .................................................................. 1.7%
Other Engine Equipment - NAICS 333618 Short Term AGR ‘16-’19 .................................................................. 3.7% Long Term AGR ‘16-’25 .................................................................. 1.3%
Automobile and Light Duty Motor Vehicle - NAICS 33611 Short Term AGR ‘16-’19 ................................................................. 0.4% Long Term AGR ‘16-’25 ................................................................ 0.2%
Heavy Duty Truck - NAICS 33612 Short Term AGR ‘16-’19 ................................................................. -1.2% Long Term AGR ‘16-’25 .............................................................. -0.4%
TOTAL Short Term AGR ‘16-’19 ..................................................................... 4% Long Term AGR ‘16-’25 ................................................................. 1.4% 2017 Sales Forecast ..................................... $5,192,100,000
On the following pages, tables depict the breakdown of U.S. casting shipments by select metal and end- use markets with a forecast to 2025. This data is an estimated forecast based on an economic modeling tool and should be used only as an estimate. AFS cannot be held liable for its accuracy.
Jan/Feb 2017 | METAL CASTING DESIGN & PURCHASING | 29
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