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About forging market

Views: 4     Author: Site Editor     Publish Time: 2017-09-14      Origin: Site

   Forging is a manufacturing process of shaping metals using compressive forces. Cold forging and warm (or hot) forging are two major forging processes. Forging is a robust technique as compared to other metal shaping techniques, as it owes to the powerful metal component. The forging mechanism can be exercised as ferrous  aluminum and titanium forging and non-ferrous forging. Metal forging is done through either impression die, open die, or rolled rings. Forged metal components are widely used in the automotive, aerospace, construction, oil and gas, agriculture, shipbuilding, steel, bearing, and power industries.

  The forging market is segmented on the basis of different types of forging mechanisms such as ferrous metal forging, and non-ferrous metal forging. Forging market can also be segmented as rolled rings, open die and impression die on the basis of product segment. Impression die dominated the North America forging market with over 60% share in the total market in 2014. However, rolled ring die segment is expected to witness fastest CAGR during the forecast period. Rolled rings forging market is growing as demand for rolled ring forging equipment demand for automotive, aviation and oil & gas industry is growing. Aerospace industry dominated the demand for rolled rings forging equipment market in North America.

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Basic Titanium Materials