DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/pd3l5k/nonferrous_metal) has announced the addition of the "China Non-ferrous Metal Casting Market 2014: Alcoa, Beijing Jingtian Precision Investment Casting Co. Ltd. & Precision Castparts Dominates" report to their offering.
The steady shift from ferrous metal casting to non-ferrous metal casting is one of the major trends being witnessed in the Non-ferrous Metal Casting market in China. Several organizations across various industries including Automotive, Electrical and Electronics, Construction, and Engineering Machinery have started developing lightweight products in order to improve the quality and reduce the overall weight of their products. For instance, several auto components which are traditionally manufactured using ferrous metal casting materials are being steadily replaced by non-ferrous metal casting materials such as aluminum, zinc, and magnesium. Further, several automotive manufacturers are steadily moving from the deployment of cast iron engine blocks to the deployment of aluminum engine blocks. This is because aluminum-cast engine blocks are sturdier than cast iron die casting products under high horsepower.
According to the report, one of the major drivers is the increasing adoption of aluminum casting in the Automotive and Construction industries. Several vehicle and machine components such as cylinder heads, transmission housings, crank cases, engine blocks, bearings, suspension and bodywork parts, and wheels are manufactured using aluminum casting.
Further, the report states that a major challenge in the market is the lack of effective product differentiation. The market has the presence of several local and international vendors; however, they offer almost identical products and therefore need to develop an edge over their competitors.
Key vendors dominating this space are:
- Alcoa Inc.
- Beijing Jingtian Precision Investment Casting Co. Ltd.
- Precision Castparts Corp
Other vendors mentioned in the report are:
- Cypress Industries
- Hebei Yuanda Trade Co., Ltd
-
P&A International.
For more information visit http://www.researchandmarkets.com/research/pd3l5k/nonferrous_metal
