The global foundry industry was on the rise in Q3 2023, led by TSMC, Samsung, SMIC, and Intel Foundry Services (IFS), based on a TrendForce report. The combined revenue of the Top 10 foundries ...
A foundry is a factory that produces metal castings. Metals are cast into shapes by melting them into a liquid, pouring the metal into a mold, and removing the mold material after the metal has solidified as it cools. The most common metals processed are aluminum and cast iron. However, other metals, such as bronze, brass, steel, magnesium, and ...
A highly modern industry with ancient roots, metalcasting is the backbone of the manufacturing economy. It is a $50 billion industry that provides nearly 490,000 U.S. jobs. The industry is central to a growing economy, modern infrastructure, and national defense.
2024 State of the Industry Report. Jan. 17, 2024. Foundry and diecasting decisionmakers offer their insights on the state of the metalcasting industry. We consulted U.S. foundry and diecasting managers and decisionmakers to gain their insights and opinions on the current performance of their operations and the conditions of their …
Market Overview. It is anticipated that between 2023 and 2030, the worldwide Foundry Market will expand at a compound annual growth rate (CAGR) of 8.00%. From USD 128.8 million in 2022, the market is projected to be worth USD 238.3 million by 2030.
Abstract. The foundry industry has been in a state of transformation for over 2600 years. From simple shapes carved into stone, to topologically optimized and additive manufacture facilitated creations, the evolution of metalcasting is easily witnessed.
In simplified terms, a foundry is a factory where castings are produced by melting metal, pouring liquid metal into a mold, then allowing it to solidify. Even if you have never been to a foundry, or even know what one looks like, you are surrounded by the metal castings they produce.
Each year, AFS publishes Metalcasting Forecast & Trends with detailed statistics about the North American and global metalcasting markets. This report is free as a member benefit to Corporate Members. Corporate Members, or those wishing to discuss Corporate Membership, may contact Ben Yates at byates@afsinc or 847-824-0181.
We are confident that the 2023 Outlook respondents reflect the metalcasting industry we cover, and reliably represent the range and variety of operations included in it. Download the full FM&T Metalcasting Business Outlook report for 2023.
A foundry is a metal casting facility that creates metal objects by melting down metal, pouring molten metal into a mold, and letting it cool to solidify. Foundries are equipped with equipment, machines, tools, protective gear, and devices that all make this metal casting process possible.