Analysis Report on Current and Future Trends of Casting Industry 2024

Foundry industry status

After hundreds of years of development, the foundry industry in developed countries has a high degree of industry concentration. Specialized production of China’s foundry industry has begun to take shape, and now has formed a number of distinctive specialized casting production enterprises. With the industry’s future integration and development, China’s foundry industry will also show a high degree of concentration, high specialization, at the same time, the foundry industry’s backward production capacity to accelerate the elimination of the number of casting enterprises across the country will continue to decrease.

In recent years, in order to promote the development of the foundry industry, China has promulgated a number of relevant policies on supporting, encouraging and regulating the foundry industry, such as the “Guiding Opinions on Promoting High-Quality Development of the Iron and Steel Industry”, which was jointly issued by the Ministry of Industry and Information Technology, the National Development and Reform Commission, and the Ministry of Ecology and Environment in 2022, which strictly prohibits the addition of new steel production capacity. Firmly curb the blind construction of iron and steel smelting projects, strictly implement the capacity replacement, project filing, environmental assessment, emission permits, energy assessment and other laws, regulations and policies, and shall not add new iron and steel production capacity in the name of machining, casting, ferroalloys and so on.

The Ministry of Industry and Information Technology and other three departments jointly issued “on the promotion of casting and forging industry high-quality development of the guiding opinions”, clearly put forward to 2025, casting and forging industry, the overall level of further improvement, to protect the equipment manufacturing industry chain supply chain security and stability of the ability to significantly enhance. The industrial structure is more reasonable, and the industrial layout and production factors are more synergistic.

According to the analysis of “2024-2029 Analysis Report on the Current Situation and Future Development Trends of the Foundry Industry” by China Research Institute of Industry:

China’s casting characteristics of industrial clusters are mostly coordinated with the regional economic development and with the characteristics of the economic circle, of which, the Bohai Sea region and the Yangtze River Delta region casting industry is relatively concentrated. Bohai five provinces and cities in the region, including Beijing, Tianjin, Liaoning, Hebei, Shandong, casting industry concentration is high, the foundry industry, the basic conditions and development trend is good, the Yangtze River Delta region, Shanghai, Jiangsu, Zhejiang, Anhui, the region has a large number of enterprises above the scale, has a high concentration of the foundry industry, the foundry industry, the basic conditions and development trend is good.

In response to the national call, the provinces and cities to actively promote the development of the foundry industry, issued a series of policies to promote the development of the foundry industry, such as the “Tianjin Municipal People’s Government on the issuance of Tianjin ‘14th Five-Year’ energy saving and emission reduction program of implementation of the notice”, “Provincial People’s Government on the issuance of the Hubei Provincial Ecological Environment Protection “14th Five-Year Plan” notice, etc.

The future development trend of the casting industry

Foundry industry’s future development of the main work focus, mainly to enhance casting capacity, continue to strengthen the support of the equipment manufacturing industry, with the host and the development of major technical equipment, some of the key castings put forward a higher quality requirements. During the “14th Five-Year Plan” period, the casting industry needs to focus on attacking a number of bottlenecks affecting the development of high-end equipment manufacturing industry, key castings independent manufacturing, improve the consistency of key casting product performance and quality stability. Casting industry needs to focus on the defense industry, automotive, energy power, power transmission equipment, mining and metallurgy, heavy machinery, rail transportation, automotive industry, high-end hydraulics and other key areas of key castings, especially to break through the “neckline” key castings independent manufacturing, improve the quality of casting products for the development of high-end equipment manufacturing industry, solid foundation. Protect and escort.

Accompanied by a new wave of digitalization, intelligence, traditional casting is transformed, accelerating the transformation of old and new momentum, at present, China’s casting production has been 23 consecutive years ranked first in the world, a number of excellent castings, equipment, materials, enterprises have stepped into the world’s casting enterprises in the first square, China’s foundry industry innovation, intelligence, green transformation is unstoppable.

The report summarizes the development history of China’s foundry industry on the basis of the new period of time, combined with all aspects of factors, the development trend of China’s foundry industry to give a detailed and prudent prediction of the argument. The report is detailed information, rich in charts and graphs, both in-depth analysis and intuitive comparison, for casting enterprises in the fierce market competition insight into the first opportunity, can accurately and timely for their own environment to adjust their business strategies.