NAICS 332112 - Nonferrous Forging
This U.S. industry comprises establishments primarily engaged in manufacturing nonferrous forgings from purchased nonferrous metals by hammering mill shapes. Establishments making nonferrous forgings and further manufacturing (e.g., machining, assembling) a specific manufactured product are classified in the industry of the finished product. Nonferrous forging establishments may perform surface finishing operations, such as cleaning and deburring, on the forgings they manufacture.
Industry trends:
The Nonferrous Forging industry, classified under NAICS 332112, is experiencing several key qualitative trends in 2023. A primary trend is the increasing demand for lightweight, high-strength materials, driven by industries such as aerospace, automotive, and renewable energy. These sectors are prioritizing fuel efficiency and performance, which necessitates components that nonferrous forging uniquely provides. Companies in this industry are therefore investing in advanced materials like titanium and aluminum alloys to meet these requirements.
Another notable trend is the adoption of advanced manufacturing technologies. Techniques such as computer-aided design (CAD) and computer-aided manufacturing (CAM) are becoming standard. Additionally, the use of 3D printing for prototype development is gaining traction, enabling more precise and efficient production processes. This integration of technology not only enhances the quality of forged components but also reduces lead times and costs.
Environmental sustainability is also emerging as a significant concern. Companies are increasingly focusing on reducing waste and energy consumption in their forging processes. Efforts to recycle materials and employ eco-friendly practices are becoming more prevalent, partly driven by stringent environmental regulations and growing corporate responsibility standards.
Looking ahead, forecasts suggest that the Nonferrous Forging industry will continue to grow, propelled by sustained demand from high-growth industries. Innovations in material science and processing techniques are expected to further enhance performance capabilities and open new market opportunities. However, companies will need to navigate challenges such as fluctuating raw material prices and the need for continuous technological upgrades to remain competitive.
This industry is comprised of:
Aluminum forgings made from purchased metals, unfinished
Cold forgings made from purchased nonferrous metals, unfinished
Copper forgings made from purchased metals, unfinished
Hammer forgings made from purchased nonferrous metals, unfinished
Hot forgings made from purchased nonferrous metals, unfinished
Press forgings made from purchased nonferrous metals, unfinished
Titanium forgings made from purchased metals, unfinished
Upset forgings made from purchased nonferrous metals, unfinished
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