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Nonferrous Metal Foundry Products Manufacturing in the US
IBISWorld, July 2011, Pages: 32
Lighter load: Offshoring will dampen growth, despite stronger demand for lighter metals
Nonferrous Metal Foundry Products Manufacturing in the US
Losing its weight: This industry will continue to rely on demand from the industrial sector, especially automobile manufacturing, and nonferrous metal prices. Industry players can often pass higher input costs to customers, but rising costs can be detrimental if they are coupled with low demand. Growth in demand from automobile manufacturers and nonferrous metal price increases will benefit firms, but continued offshoring will hurt domestic performance.
This industry primarily melts and pours nonferrous metals into molds of a desired shape to make castings. The castings are made from purchased metals or in integrated secondary smelting and casting facilities. The main nonferrous metals used by the industry are aluminum, copper, magnesium, titanium and zinc.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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