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North America Iron & Steel Casting Market To Witness Lucrative Growth Through 20

North America Iron & Steel Casting Market To Hit USD 30 Bn By 2027. Owing to the steady progression of the regional construction sector, North America iron & steel casting market forecast hints at a significant growth. The favorable moves of the regional government are supporting industrial expansion across Canada and the U.S. For instance, in July 2020, the United States-Mexico-Canada Agreement (USMCA) was enacted for strengthening the automotive supply chain in the U.S.

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North America Iron & Steel Casting Market To Witness Lucrative Growth Through 20

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  1. North America Iron & Steel Casting Market is predicted to witness over 6.3% CAGR by 2027 ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. North America Iron & Steel Casting Market To Hit USD 30 Bn By 2027. Owing to the steady progression of the regional construction sector, North America iron & steel casting market forecast hints at a significant growth. The favorable moves of the regional government are supporting industrial expansion across Canada and the U.S. For instance, in July 2020, the United States-Mexico-Canada Agreement (USMCA) was enacted for strengthening the automotive supply chain in the U.S. • Waupaca Foundry, Inc, Hitachi Metals., Nucor Corp., ArcelorMittal, Nelcast Ltd., Nippon Steel Corp., and POSCO are some leading iron and steel casting companies in North America. Several of these entities are formulating strategies to expand their geographical reach through capacity expansion, new manufacturing units, and development of a stronger distribution network. • Keep track of the following trends to gain insights into the market: • Augmented consumption of cast iron products • North America iron casting market share was worth over 80% of the total revenue during 2020. Cast iron products are increasingly deployed by a multitude of end-users ranging from oil & gas to construction companies. Since gray iron is the most preferable type of cast iron, its usage in the manufacturing of valve bodies, engine cylinder blocks, electrical boxes, and pumps has been augmenting constantly. The growing number of shale gas exploration initiatives across the U.S. might further add to the need for high-quality cast iron products over 2027. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Get sample copy of this research report @ https://urlzs.com/fHPxJ • Request for customization @ https://urlzs.com/2fiK1 ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. Affordability of sand casting process Between 2021 and 2027, the sand-casting market share is slated to observe a growth of nearly 6.2% CAGR in North America. On account of its widespread utilization in high temperature applications, the opportunities from end-user industries are substantially promising. The extraordinary heat resistance, greater flexibility, and minimal operational costs are enticing enterprises toward this casting process in North America. With the growing automotive production rate in the region, the use of automotive parts that are manufactured using this technique will grow steadily. HVAC product consumption across United States Thanks to the rising curve displayed by the HVAC industry, the die casting segment claimed over 25% of North America iron & steel casting industry share during 2020. The ability of this process to support the production of durable, dimensionally stable products with a high-quality finish, is influencing end-users. HVAC products such as die cast aluminum radiators are seeing an uptick in consumption in the U.S., because the installation of die-cast cooling systems can ensure prevention of downtimes and costly maintenance. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Segments of North America Iron & Steel Casting Market; • North America Market, By Material • Iron  • White iron • Ductile iron • Gray iron • Steel • North America Market, By Process • Sand casting • Die casting • Others ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  7. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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