Foundries include iron foundries, steel
investment foundries, steel foundries, non-ferrous metal die casting foundries,
aluminium foundries and other non-ferrous metal foundries. These establishments
pour molten metal into molds to manufacture castings. They also perform
operations like cleaning and deburring, on the castings they manufacture.
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The global foundries market was valued at
$222.4 billion in 2017. Among regional markets, Asia Pacific was the largest
geographic region in the market, accounting for more than one-third of the
global market share. Computer-Aided Designs (CAD) programs is a major trend in
the foundry market for enhanced productivity. This technology involves the
adaptation of CAD files to guide additive manufacturing programs. This is
similar to 3D-printing of bonded sand into optimally designed molds and cores.
CAD programs help the companies in this market to optimize the casting designs.
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The top five competitors in the market
are Alcoa followed by Bharat Forge, Hitachi Metals, Precision Castparts and
AMCOL Metalcasting. Alcoa is a major producer of primary aluminium, fabricated
aluminium, and alumina combined, through its active and growing participation
in all major aspects of the industry: technology, mining, refining, smelting,
fabricating, and recycling with corporate headquarters in Pittsburgh,
Pennsylvania.
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