11 million tonnes in production in 2018 for the Indian foundry market.
In the global foundry market , India stands second in terms of production. The Indian foundry market is a producer of various metal castings and cast components which is incorporated in industries such as power, agro machinery, automotive, machine tools, railways, defense, etc. At present, there are more than 4,500 foundry units out of which approximately 1500 units have international quality accreditation. India foundry market insights: The casting production in India reached a value of 11 million tonnes in the year 2018. The market has been expanding taking the economy ahead with a CAGR of ~12.7% by 2023. In the total production foundry market, the contribution of aluminum castings is nearly around 15% in the count. This share is projected to see a rise in its market share due to a shift in the demand from iron to lighter castings materials production. This change is especially observed in the industry of fuel-efficient and electric...