MarketStudyReport.com offers report on Global Compacted Graphite Iron (CGI) Market that evaluates industry growth trends through historical data and estimates prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2020-2026.
Global Compacted Graphite Iron (CGI) Market Overview:
Globally, the compacted graphite iron market size is estimated to register a commendable growth rate over the next several years, with increasing application in automotive, construction, power generation, and numerous other end-use verticals. Compacted graphite iron or CGI is universally considered as a promising high-performance engineering material.
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Competitive Study of the Market:
It consists of graphite particles in compacted or vermicular form. The materials possess intermediate physical and mechanical properties between grey and ductile irons. CGI exhibits exceptional properties including tensile strength and elastic modulus up to 75% and 35% higher than grey cast irons respectively, making it suitable for a range of modern day engineering applications.
On account of these properties, CGI is being extensively used in the production of machine parts, automotive engines, and many other engineering applications. Although several manufacturing techniques are in use today, manufacturers are constantly focusing developing methods of casting CGI products in order to have precise control over the final microstructure.
Based on the grade, the CGI industry is segmented into 300 MPa, 350 MPa, 400 MPa, 450 MPa, and 500 MPa. The demand for 450MPa CGI is projected to rise at a CAGR of around 4.8% through 2026. The 300MPa segment had captured more than 15% of the market share in terms of volume during 2019 and is poised to record substantial growth by 2026.
Compacted graphite iron finds wide application in automotive, marine, construction, and power generation sectors, among others. CGI consumption across the power generation sector is slated to grow at a robust 4% CAGR through 2026. The increasing global demand for reliable and continuous power supply combined with the need for sustainable power generation will boost the product consumption substantially. Upcoming electrical infrastructure development and expansion projects worldwide will drive the product demand over the next few years.
This Global Compacted Graphite Iron (CGI) Market research report also presents discussion on import/export data, industry supply and consumption figures, as well as cost structure, price, industry revenue (USD millions) and gross margin by region, including the Europe, Japan, China, India, Southeast Asia, North America, South America and South Africa.
With regards to the regional spectrum, North America held over 40% of the global Compacted Graphite Iron (CGI) industry share in 2019, as a result of rising prevalence of AI startups in the region.
Objective of the study:
– To analyze and forecast the market size of Global Compacted Graphite Iron (CGI) Market.
– To classify and forecast Global Compacted Graphite Iron (CGI) Market based on region, and product.
– To identify drivers and challenges for Global Compacted Graphite Iron (CGI) Market.
– To examine competitive developments such as expansions, mergers & acquisitions, etc., in Global Compacted Graphite Iron (CGI) Market.
– To conduct pricing analysis for Global Compacted Graphite Iron (CGI) Market.
– To identify and analyze the profile of leading players operating in Global Compacted Graphite Iron (CGI) Market.
Main reasons for the purchase:
To obtain insightful analysis of the Global Compacted Graphite Iron (CGI) Market and a comprehensive understanding of the global market and its commercial landscape.
To assess the production processes, the main problems and the solutions to reduce the development risk.
To understand the main driving and restraining factors in the Global Compacted Graphite Iron (CGI) Market and their impact on the global market.
Learn more about the Global Compacted Graphite Iron (CGI) Market strategies being pursued by the respective leading organizations.
Understand the outlook and prospects for the market.
Major Points Covered in Table of Contents:
Chapter 1 Introduction and Overview
Chapter 2 Industry Cost Structure and Economic Impact
Chapter 3 Rising Trends and New Technologies with Major key players
Chapter 4 Global Compacted Graphite Iron (CGI) Market Analysis, Trends, Growth Factor
Chapter 5 Global Compacted Graphite Iron (CGI) Market Application and Business with Potential Analysis
Chapter 6 Global Compacted Graphite Iron (CGI) Market Segment, Type, Application
Chapter 7 Global Compacted Graphite Iron (CGI) Market Analysis (by Application, Type, End User)
Chapter 8 Major Key Vendors Analysis of Global Compacted Graphite Iron (CGI) Market
Chapter 9 Development Trend of Analysis
Chapter 10 Conclusion
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