Global Cast Iron & Cast Iron Castings Market Growth 2024-2030

Global Cast Iron & Cast Iron Castings Market Growth 2024-2030

Casting is a process in which a liquid metal is somehow delivered into a mold that contains a hollow cavity of the intended shape. The metal and mold are then cooled, and the metal part (the casting) is extracted. Casting is most often used for making complex shapes that would be difficult or uneconomical to make by other methods.

Cast iron is a family of metals produced by smelting metal, and then pouring it into a mold. The primary difference in production between wrought iron and cast iron is that cast iron is not worked with hammers and tools. There are also differences in composition—cast iron contains 2–4% carbon and other alloys, and 1–3% of silicon, which improves the casting performance of the molten metal. Small amounts of manganese and some impurities like sulfur and phosphorous may also be present. Differences between wrought iron and cast iron can also be found in the details of chemical structure and physical properties.

Due to the presence of carbon in cast iron, it may sometimes be confused with steel. However, there are significant differences. Steel contains less than 6% carbon, which enables the final product to solidify in a single microcrystalline structure. The higher carbon content of cast iron means that it solidifies as a heterogeneous alloy, and therefore has more than one microcrystalline structure present in the material.

It is the combination of high carbon content, and the presence of silicon, that gives cast iron its excellent castability.

The global Cast Iron & Cast Iron Castings market size is projected to grow from US$ 985.4 million in 2023 to US$ 1453.1 million in 2030; it is expected to grow at a CAGR of 5.7% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Cast Iron & Cast Iron Castings Industry Forecast” looks at past sales and reviews total world Cast Iron & Cast Iron Castings sales in 2023, providing a comprehensive analysis by region and market sector of projected Cast Iron & Cast Iron Castings sales for 2024 through 2030. With Cast Iron & Cast Iron Castings sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cast Iron & Cast Iron Castings industry.

This Insight Report provides a comprehensive analysis of the global Cast Iron & Cast Iron Castings landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cast Iron & Cast Iron Castings portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cast Iron & Cast Iron Castings market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cast Iron & Cast Iron Castings and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cast Iron & Cast Iron Castings.

Global Iron Casting [Ferrous Castings] key players include Waupaca Foundry, Grede Foundry, etc. Global top two manufacturers hold a share about 20%.

North America is the largest market, with a share over 40%, followed by China and Europe, both have a share over 30 percent.

In terms of product, Gray Iron Castings is the largest segment, with a share over 64%. And in terms of application, the largest application is Automotive, followed by Machinery & Equipment, Pipe & Fitting, Valves, Pumps & Compressors, Rail, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Cast Iron & Cast Iron Castings market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
Vertical Molding
Horizontal Moldings

Segmentation by application
Automotive Industry
Ferrous Metallurgy Industry
Machinery Manufacturing Industry
Mold Processing Industry
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
CPM Industries
PGO Group
Willman Industries
Durham Foundry
Allard-Europe
Majorfax
Waupaca Foundry
Dandong Foundry
Atlas Foundry Company Inc
Bunty LLC
Hinduja Foundries
Hitachi Metals
Benton Foundry
Brantingham Manufacturing
MONARK STEELS
Reliance Foundry

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cast Iron & Cast Iron Castings market?

What factors are driving Cast Iron & Cast Iron Castings market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cast Iron & Cast Iron Castings market opportunities vary by end market size?

How does Cast Iron & Cast Iron Castings break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.