The current situation and development trend of China's foundry industry market in 2021
Author: Date: 2021-3-9 15:31:11
China Business Intelligence Network News: Casting refers to the forming method of making a mold,pouring molten metal into the mold,and obtaining a rough metal part with a certain shape,size and performance after solidification.
Affected by the downturn in the macroeconomic situation,my country's castings experienced negative growth in 2015 for the first time in ten years. In 2016,the output resumed growth with a growth rate of 3.51%. It was a historical high in 2017,reaching 49.4 million tons,a year-on-year increase of 4.66%. The total output of castings in my country is 48.75 million tons. From 2014 to 2019,my country's casting output showed a fluctuating trend,showing a medium-to-low growth rate as a whole,and the industry output was still at a relatively high level. Affected by the new crown epidemic in 2020,the market size of the casting and foundry industry has declined and will reach 47.86 million tons. Due to the necessary and effective measures taken by the Chinese government,it is expected that the market scale of my country's foundry industry will rebound in 2021,reaching 51.3 million tons.
In terms of the output of iron castings of different materials,the overall output of gray cast iron in 2014-2019 remained above 20 million tons; the output of ductile iron increased from 12.4 million tons to 13.95 million tons in 2014-2019,with a compound annual growth rate of 2.38%.