Global Grey and Ductile Iron Castings Market Growth 2023-2029

Global Grey and Ductile Iron Castings Market Growth 2023-2029

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 2% 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.
Gray Iron, or grey cast iron, is a type of cast iron that has a graphitic microstructure. It is named after the gray color of the fracture it forms, which is due to the presence of graphite. Gray Iron is widely used in engineering applications.
Ductile iron, also known as ductile cast iron, nodular cast iron, spheroidal graphite iron, spheroidal graphite cast iron and SG iron, is a type of graphite-rich cast iron discovered in 1943 by Keith Millis. While most varieties of cast iron are weak in tension and brittle, ductile iron has much more impact and fatigue resistance, due to its nodular graphite inclusions.
LPI (LP Information)' newest research report, the “Grey and Ductile Iron Castings Industry Forecast” looks at past sales and reviews total world Grey and Ductile Iron Castings sales in 2022, providing a comprehensive analysis by region and market sector of projected Grey and Ductile Iron Castings sales for 2023 through 2029. With Grey and Ductile Iron Castings sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Grey and Ductile Iron Castings industry.
This Insight Report provides a comprehensive analysis of the global Grey and Ductile 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 Grey and Ductile Iron Castings portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Grey and Ductile Iron Castings market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Grey and Ductile 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 Grey and Ductile Iron Castings.
The global Grey and Ductile Iron Castings market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
The leading companies of this product are Hitachi Metals, Grede Foundry, Draxton, MAT Foundry and Metal Technologies, Inc. The competition is fierce, and the top five companies occupy only 10% of the market share.
The United States occupies 90% of the market share in North America. Germany occupies one-third of the market share in Europe.
This product is mainly used in the automotive industry. Occupies 1/2 of the consumer market.
This report presents a comprehensive overview, market shares, and growth opportunities of Grey and Ductile 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
Auto Industry
Construction
Machinery & Equipment
Aerospace
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
Weichai Power (Weifang) Casting
Metal Technologies, Inc.
Tianjin New Wei San Industrial
FAW Foundry Co., Ltd.
Huaxiang Group
Neenah Foundry
Wescast Industries
INTAT Precision
Castings PLC
Aludyne
Meide Group
Rochester Metal Products
Georg Fischer
Kutno
Farinia Group
ACO Eurobar
Denizciler
Silbitz Group
Willman Industries
Aarrowcast, Inc.
Goldens’Foundry

Key Questions Addressed in this Report
What is the 10-year outlook for the global Grey and Ductile Iron Castings market?
What factors are driving Grey and Ductile Iron Castings market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Grey and Ductile Iron Castings market opportunities vary by end market size?
How does Grey and Ductile 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.