FOUNDRY SERVICE MARKET ANALYSIS

Foundry Service Market, By Material Type (Ferrous Metals, Non-Ferrous Metals, Others), By Process Type (Sand Casting, Investment Casting, Die Casting, Permanent Mold Casting, Centrifugal Casting, Others), By End-Use Industry (Automotive, Aerospace and Defense, Electrical and Electronics, Machinery and Equipment, Construction, Energy and Power, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Recent Developments

Key Development

Ametek Specialty Metals launched its "3D Printed Metal Castings" service in May 2023. This service offers customers the ability to 3D print metal castings using a variety of materials, including steel, aluminum, and copper. AMETEK Metals is a leading manufacturer of metal powders, precision tubes, strip, foil, wire, shaped components & clad plate for Medical, Energy, Nuclear, Instrumentation and Measurement, Electronics, Aerospace, Defense, Automotive, Oil and gas, Drilling and Mining and Industrial.
Gkn additive develops 3d printing process for low alloy dual-phase steels developed metal powder materials (dpla) and (Free Sintering Low Alloy) fsla for automotive and industrial applications on July 2021. GKN Additive is a digital manufacturer of metal AM parts and materials for prototypes, medium series and the aftermarket.
GKN Powder Metallurgy launched its "3D Metal Injection Molding" (3DIM) technology in April 2020. This technology is used to produce metal parts with complex geometries that are not possible to manufacture using traditional casting methods.

Key strategic Initiatives

In 2023, Hindustan Aeronautics Limited (HAL), Saarloha Advanced Materials Pvt Ltd (Saarloha) & Bharat Forge Limited (BFL), signed MOU for collaboration in development and production of aerospace grade steel alloys.
In 2022, Primetals Technologies and Tata Steel partnered on green steel transition. Primetals Technologies and the India-based steel producer Tata Steel signed a Memorandum of Understanding (MOU) to intensify their collaboration on projects and technology related to green steel and decarbonization.