Open-Die Forging Book Published
SMR Premium published “Open-Die Forging Book,” a comprehensive handbook of open-die forging producers that includes company profiles of more than 270 global producers and a separate chapter about forging market data.
Production of open-die forgings in 2017 can be split by region into Europe (34%), U.S. (11%), China (27%), other Asia (16%) and ROW, which includes India and Russia, (12%). Total Asia accounts for 43% of supply. The installed capacity is still outweighing the actual demand from the industry.
The demand for open-die forgings is to grow at a CAGR of 4.8% from 2017 to 2020 and will grow the strongest in the U.S. In terms of demand for selected steel grades, the highest growth will come from more demanding applications requiring stainless steel forgings.