Project report for Metal Casting

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Introduction

In India, Metal casting is one of the popular manufacturing processes and involves pouring molten metal into a die or sand mold to get the desired shape.The metal casting industry plays a key role in all the major sectors of our economy. It helps produce complex and large-size parts for various industrial applications. Stringent regulations regarding pollution and energy efficiency requirements in vehicles are triggering the growth of the metal casting industry. Regulations have forced automakers to shift to lightweight vehicles to improve fuel efficiency. Metal casting is a modern process with ancient roots. In the metal casting process, metal shapes are formed by pouring molten metal into a mold cavity, where it is cooled and later extracted from the mold. Metal casting is arguably the earliest and most influential industrial process in history. Casting is a process in which a liquid metal is delivered into a mold that contains a negative impression of the intended shape. The metal is poured into the mold through a hollow channel called a sprue. The metal and mold are then cooled, and the metal part is extracted. Casting is most often used for making complex shapes that would be difficult or uneconomical to make by other methods.

Market potential & Strategy

The global metal casting market reached a value of INR 97,48,29,95,00,000 in 2020 and is expected to expand at a CAGR of 5.3% from 2020 to 2025. Increasing demand for casting from the automotive sector is anticipated to drive the market growth over the forecast period. Increasing use of casting on account of lightweight properties and aesthetic appeal imparted by it is driving the demand for aluminum casting in the construction market. Finished products can be used in construction equipment & machinery, heavy vehicles, curtain walling, door handles, windows, and roofing. The ability to recycle aluminum products is becoming an important factor as building owners are increasingly moving toward deconstruction rather than demolishing old or out-of-use buildings. Extracting recyclable materials from buildings also reduces the environmental impact of construction activities.

Cast iron is an alloy containing metals such as silicon, carbon, manganese, sulfur, and phosphorus with a wide application range. Increasing demand for pans, pots, utensils, engines, piping, and automotive are the growth factors for the cast iron market. Demand for the grey iron metal is projected to extend over the years on account of its applications in housing, engine blocks, cylinder heads, and enclosures. Its properties, such as stiffness, high thermal conductivity, and wear resistance, make it useful in such applications. The growing demand for casting from the automotive sector is anticipated to make a significant contribution during the forecast period. The imposition of strict rules and regulations regarding pollution and energy efficiency in vehicles is expected to trigger the expansion of the industry in the assessment tenure.

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