Industry to See Continued Short-Term Growth
U.S. casting sales are forecast to grow moderately in all metals through 2016, and then flatten out in the long term through 2023. A MODERN CASTING STAFF REPORT
and Trends report published by the American Foundry Society, Scha- umburg, Ill. Tis growth represents a
U
S. metalcasting industry sales is expected to reach $33.51 billion in 2017, according to the 2015 Met- alcasting Forecast
continued recovery from the dramatic recession that began at the end of 2008 and continued through the first 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. Te 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 fore- cast 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 from the engine,
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.
January 2015 MODERN CASTING | 19
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68