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With rapid industrialization, the demand for steel casting is on the rise, particularly from the construction industry. This is having a positive impact on the foundry market. Additionally, numerous countries are witnessing increasing investments in their foundry industry and many segments within the global foundry industry are expected to perform strongly over the next few years. For example, the foundry market in India is being driven by investments used toward technology upgrades and thanks to this, it is expected to accelerate at a CAGR of 10% between 2017-2021.