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2020 Foundries Market: Business Growth, Development Factors, Application and Future Prospects | Covid 19 Impact And Recovery

The Business Research Company’s Foundries Global Market Report 2020-30: Covid 19 Impact and Recovery. The report covers market size, key players, market share and trends to 2030.

Foundries Global Market Report 2020-30: Covid 19 Impact and Recovery is one of a series of new reports from The Business Research Company that provide Foundries market overviews, analyze and forecast market size and growth for the whole market, Foundries market segments and geographies, Foundries market trends, Foundries market geographies. The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Read More On The Foundries Market Here –
https://www.thebusinessresearchcompany.com/report/foundries-global-market-report-2020-30-covid-19-impact-and-recovery

The foundries market consists of sales of molded castings by entities (organizations, sole traders and partnerships) that pour molten metal into molds to produce castings. Foundries include iron foundries, steel investment foundries, steel foundries, non-ferrous metal die casting foundries, aluminum foundries and other non-ferrous metal foundries.

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https://www.thebusinessresearchcompany.com/sample.aspx?id=2080&type=smp

The global foundries market is expected to decline from $202 billion in 2019 to $173.3 billion in 2020 at a compound annual growth rate (CAGR) of -14.2%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $201.1 billion in 2023.

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