Global Gray Iron Castings Market Growth 2023-2029

Global Gray Iron Castings Market Growth 2023-2029

Gray Iron, or grey cast iron, is a type of cast iron that has a graphitic microstructure.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.
LPI (LP Information)' newest research report, the “Gray Iron Castings Industry Forecast” looks at past sales and reviews total world Gray Iron Castings sales in 2022, providing a comprehensive analysis by region and market sector of projected Gray Iron Castings sales for 2023 through 2029. With Gray Iron Castings sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gray Iron Castings industry.
This Insight Report provides a comprehensive analysis of the global Gray 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 Gray Iron Castings portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Gray Iron Castings market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gray 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 Gray Iron Castings.
The global Gray Iron Castings market size is projected to grow from US$ 51880 million in 2022 to US$ 59050 million in 2029; it is expected to grow at a CAGR of 59050 from 2023 to 2029.
Asia Pacific was the leading regional gray iron casting market with the revenue market share about 68% in 2019, China was a major producer and consumer in the region. The follower are Europe and America, they occupied about 25% revenue market share.
The key players are Hitachi Metals, Grede Foundry, Draxton, MAT Foundry, Weichai Power (Weifang) Casting, Faw Foundry Co., Ltd., Neenah Foundry, Tianjin New Wei San Industrial, Huaxiang Group, Metal Technologies, Inc., INTAT Precision, Meide Group, Farinia Group, Rochester Metal Products, Kutno, Denizciler, Willman Industries, Aarrowcast, Inc. and so on. The top 5 companies account for nearly 3% revenue share in 2019.
This report presents a comprehensive overview, market shares, and growth opportunities of Gray Iron Castings market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Vertical Molding
Horizontal Molding
Segmentation by application
Automotive
Agriculture, Construction and Mining
Machinery & Equipment
Municipal
Energy
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.
Hitachi Metals
Grede Foundry
Draxton
MAT Foundry
Metal Technologies
Neenah Foundry
Denizciler
INTAT Precision
Kutno
Farinia Group
Rochester Metal Products
Willman Industries
Aarrowcast
Weichai Power (Weifang) Casting
Huaxiang Group
Meide Group
Tianjin New Wei San Industrial
Faw Foundry

Key Questions Addressed in this Report
What is the 10-year outlook for the global Gray Iron Castings market?
What factors are driving Gray Iron Castings market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Gray Iron Castings market opportunities vary by end market size?
How does Gray Iron Castings break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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