Compacted Graphite Iron Market Future Scope Competitive Analysis and Revenue till 2026

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Compacted Graphite Iron (CGI) Market Size,
Historical Growth, Analysis, Opportunities and
Forecast To 2026
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Global Market Scenario of Compacted Graphite Iron
(CGI) Industry

• As per a new research report by Global Market
  Insights, Inc., the compacted graphite iron
  market is estimated to surpass a 9.2 million
  valuation by 2026.
• The compacted graphite iron market is slated to
  witness considerable growth over the coming time
  period owing to the increasing adoption of luxury
  vehicles. Today, consumers expect enhanced
  driving experience as well as comfort from their
  vehicles, which is favorably shaping industry
  gains.
• Shifting preferences have also led to a surge in
  production and sales of super cars, particularly
  in Europe, stimulating the industry outlook.
  Subsequently, rising popularity of corrosion
  resistant automobile components will complement
  the business scenario.
• Numerous countries are promoting technology and
  material solutions to decrease the levels of
  vehicle pollution. Given the overall increase in
  awareness among the general population,
  automakers are advertising the use of lightweight
  components and integration of fuel-saving
  solutions to attract consumer attention. This
  highlights a new trend in the field of
  automobiles, on that will help surge the use of
  CGI in vehicle engines.

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Continue-

• Prominent industry players are increasingly
  undertaking various strategic initiatives,
  including novel product launch, research and
  development, acquisitions, and collaborations for
  consolidating their market share.
• For instance, in June 2020, after the outcome of
  a comprehensive six-month long trial, WHB
  Automotive, a prominent supplier of independent
  automotive components in Brazil, applied a
  purchase option to acquire the System 4000
  process control equipment of SinterCast. This
  acquisition provides WHB Automotive with full
  capability for complete series production of CGI
  (compacted graphite iron).
• With respect to product, the overall market is
  classified into nodule and spheroid shape. Among
  these, spheroids segment is much more popular
  across the market and is anticipated to witness a
  revenue gain of more than 5.5 million by the end
  of 2026. This growth is attributed to the
  adaptability of the product in main engine
  components.
• In terms of application, the market for compacted
  graphite iron is segmented into power generation,
  construction, construction, marine and others
  such as manufacturing and metallurgy.

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360 Industry Analysis

• Meanwhile, key participants in the market have
  been undertaking various strategies so as to
  strengthen their product portfolios, offering
  diverse technologically advanced and new products
  to their customers. For instance, in June 2020,
  Grede, a leading developer, manufacturer,
  assembler as well as supplier of gray, ductile
  and specialty iron castings as well as machined
  components for the industrial, automotive, and
  commercial vehicles sector, announced the
  purchase of assets of iron castings foundry,
  namely Renaissance manufacturing Group, Waukesha.
• The acquisition expands Gredes strategic growth
  in the industrial and commercial vehicle markets.
  The firm is now effectively equipped to meet the
  rising demand for top-quality casting products
  within a cost-conscious market.
•  

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• Competitive Analysis
• Eisengiesserei Baumgarte GmbH, Teksid Iron,
  Saguenay Foundry, Hebei Jing County Jinli
  Casting, Inc, Silbitz Group GmbH, ASI
  International, Ltd., Sintercast AB, Waupaca
  Foundry, Durham Foundry, Atlas Foundry Company
  are some of the key players operating in the
  Compacted Graphite Iron (CGI) Market.

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Latest Research Report On Compacted Graphite Iron
(CGI) Market_at_ https//www.gminsights.com/industry-
analysis/compacted-graphite-iron-cgi-market
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4866 Request for customization
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