Global Malleable Iron Castings Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Malleable Iron Castings Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Malleable iron is cast as white iron, the structure being metastable carbide in a pearlitic matrix. Through an annealing heat treatment, the brittle structure as first cast is transformed into the malleable form. Carbon agglomerates into small roughly spherical aggregates of graphite leaving a matrix of ferrite or pearlite according to the exact heat treatment used. Malleable iron is mainly used in the device that need the small casting with require good strength and elastic, such as power devices, portable tools, plumbing fixtures, etc.

Market Overview:

The latest research study on the global Malleable Iron Castings market finds that the global Malleable Iron Castings market reached a value of USD 1009.02 million in 2022. It’s expected that the market will achieve USD 1279.68 million by 2028, exhibiting a CAGR of 4.04% during the forecast period.

Drivers

Malleable iron castings are used in a variety of pipelines. GCC Countries is an important development site for oil and gas, and the demand for Malleable Iron Castings continues to rise.
In developing countries, India is currently developing rapidly, and the country is gradually increasing its emphasis on infrastructure. The growing industry has promoted the use of malleable iron castings.

Region Overview:

From 2023-2028, United States is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Jinan Meide Casting Co. Ltd, Chuo Malleable Iron Co., Ltd, Shanxi Taigu County Jingu Cast Co., Ltd with the revenue market share of 13.09%, 6.70% and 4.81% in 2018.

Meide Group is a high-tech enterprise specialized in supplying fittings and valves in fluid industry.

Chuo Malleable Iron Co., Ltd offers automotive parts made of cast iron and aluminum, industrial machinery parts and office furniture products

Segmentation Overview:

Among different product types, Black heart malleable cast iron segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Pipe fittings segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Malleable Iron Castings market covered in Chapter 3:

Odlewnia Zawiercie SA
Shanxi Taigu County Jingu Cast Co., Ltd
Taigu Tianhe Casting Co. Ltd
The Eastern Company
Jiangxi Ganma Industry Company Ltd
Linyi Hongsheng Foundry Co.,Ltd
Chuo Malleable Iron Co., Ltd
Linyi Oriental Pipe Fitting Co., Ltd
Weifang Antai Ma Steel Co., Ltd
Jinan Meide Casting Co., Ltd

In Chapter 4 and Chapter 14.2, on the basis of types, the Malleable Iron Castings market from 2018 to 2029 is primarily split into:

Black heart malleable cast iron
White heart malleable cast iron
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Malleable Iron Castings market from 2018 to 2029 covers:

Auto parts
Pipe fittings
Othes

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)