Global Iron Casting [Ferrous Castings] Market Growth 2023-2029

Global Iron Casting [Ferrous 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.

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

LPI (LP Information)' newest research report, the “Iron Casting [Ferrous Castings] Industry Forecast” looks at past sales and reviews total world Iron Casting [Ferrous Castings] sales in 2022, providing a comprehensive analysis by region and market sector of projected Iron Casting [Ferrous Castings] sales for 2023 through 2029. With Iron Casting [Ferrous Castings] sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Iron Casting [Ferrous Castings] industry.

This Insight Report provides a comprehensive analysis of the global Iron Casting [Ferrous 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 Iron Casting [Ferrous Castings] portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Iron Casting [Ferrous Castings] market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Iron Casting [Ferrous 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 Iron Casting [Ferrous Castings].

The global Iron Casting [Ferrous Castings] market size is projected to grow from US$ 7522.7 million in 2022 to US$ 6447.9 million in 2029; it is expected to grow at a CAGR of 6447.9 from 2023 to 2029.

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 60%. 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 Iron Casting [Ferrous Castings] market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Gray Iron Castings

Ductile Iron Castings

Others

Segmentation by application

Machinery & Equipment

Automotive

Pipe & Fitting

Valves, Pumps & Compressors

Rail

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.

Waupaca Foundry

AAM(Grede Holdings)

Neenah Foundry

Metal Technologies

Cifunsa

Wescast Industries

INTAT Precision

Chassix

Aarrowcast

Cadillac Casting

Rochester Metal Products

Goldens'Foundry

Weichai

Xinxing Ductile Iron Pipes

Georg Fischer

Faw Foundry

Huaxiang Group

Meide Casting

Key Questions Addressed in this Report

What is the 10-year outlook for the global Iron Casting [Ferrous Castings] market?

What factors are driving Iron Casting [Ferrous Castings] market growth, globally and by region?

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

How do Iron Casting [Ferrous Castings] market opportunities vary by end market size?

How does Iron Casting [Ferrous 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.