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The compacted graphite iron industry is extremely consolidated. The major industry players are
The automotive applications will register USD 4.5 million by 2027 due to the usage of vermicular graphite iron in the production and assembling of engines.
400 MPa compacted graphite iron will record 25% of the market revenue through 2027 owing to its key properties such as moistness obstruction, lightweight, and high durability.
The compacted graphite iron industry share is expected to achieve $9.5million and will expand at a CAGR of 4.7% from 2021 to 2027.
Europe will register more than USD 3 million by the end of 2027 propelled by the expanding acceptance of lightweight materials from automotive OEMs.