Glass fiber foundry filters are widely used in non-ferrous alloy casting processes such as gravity die casting (GDC), low pressure die-casting (LPDC), sand mold casting, and shell mold casting. Aluminum, tin, lead, zinc, and magnesium are used as casting materials due to their relatively low melting point. During the casting process, the molten metal flows through the filter mesh. The glass fiber filter removes slag and other impurities from the molten metal without disintegrating it, as it passes through it to fill the die.
One of the key drivers that will stimulate the growth of the market in the coming years is the growth of the aerospace and defense sector. The aerospace and defense sector increasingly employ non-ferrous metals die casting process along with forgingtechniques to reduce the weight of an aircraft and increase its fuel efficiency. Various aircraft bodies and corresponding parts are manufactured using aluminum and other lightweight alloys because these metals reduce the weight of the overall aircraft to a great extent. With the rising number of air passengers and the hike in defense budgets in major countries such as the US, the UK, Japan, France, and several Middle Eastern countries, the aerospace and defense industries will witness considerable growth. This will consequently increase the demand for die cast parts and die cast machinery in the production of commercial and defense aircraft and related equipment, which in turn, will boost the growth of the glass fiber foundry filter market.
APAC accounted for the majority market shares during 2016. The high demand for aluminum die casting from the automotive industry will fuel the market\'s growth in this region since most of the production of the lightweight automobiles is concentrated in countries such as China, Japan, and India. Additionally, the growing adoption of automation technology in aluminum die casting to achieve enhanced productivity, will also augment the growth prospects of the glass fiber foundry filter market in this region.
The Global Glass Fiber Foundry Filter Market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 - 2026.
As the report focuses on global Glass Fiber Foundry Filter Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
Fibrecn International
Texers Technical Ceramics
Shanghai Haiying Insulation Glass Fiber
Asian Foundry Filters
Baoding Ningxin New Material
Industrial Ceramic Products
In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Aluminum Filtration Fiberglass Mesh
High Silica Fiberglass Mesh for Iron
High Silica Fiberglass Mesh for Steel
In Market segmentation by applications :
Gravity Die Casting (GDC)
Low Pressure Die-Casting (LPDC)
Sand Mold Casting
Shell Mold Casting
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Glass Fiber Foundry Filter Market for the forecast period 2020 - 2026?
• What are the driving forces in the Glass Fiber Foundry Filter Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Glass Fiber Foundry Filter industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?