Asia Pacific Iron Casting Market Size & Outlook, 2025-2030
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Asia Pacific iron casting market highlights
- The Asia Pacific iron casting market generated a revenue of USD 78,574.7 million in 2024.
- The market is expected to grow at a CAGR of 7.3% from 2025 to 2030.
- In terms of segment, gray was the largest revenue generating product in 2024.
- Ductile is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 78,574.7 million |
| Market revenue in 2030 | USD 118,848.5 million |
| Growth rate | 7.3% (CAGR from 2025 to 2030) |
| Largest segment | Gray |
| Fastest growing segment | Ductile |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gray, Ductile, Malleable |
| Key market players worldwide | Hitachi Ltd, POSCO Holdings Inc ADR, Georg Fischer AG, Calumet Specialty Products Partners LP, Brakes India, Chamberlin Plc, Crescent Foundry, Xinxing Ductile Iron Pipes, Newby Foundries, Grupo Industrial Saltillo(GIS) |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 66.9% of the global iron casting market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 118,848.5 million by 2030.
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Iron Casting Market Scope
Iron Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Newby Foundries | View profile | 51-100 | Wednesbury, Staffordshire, United Kingdom, Europe | https://newbyfoundries.co.uk/ |
| Xinxing Ductile Iron Pipes | View profile | 1001-5000 | Wuan, Hebei, China, Asia | http://www.xinxing-pipes.com |
| Crescent Foundry | View profile | 1001-5000 | Kolkata, West Bengal, India, Asia | https://www.crescentfoundry.com |
| Chamberlin Plc | View profile | 251-500 | Walsall, Walsall, United Kingdom, Europe | http://www.chamberlin.co.uk/ |
| Brakes India | View profile | 1001-5000 | Chennai, Tamil Nadu, India, Asia | https://www.brakesindia.com |
| Grupo Industrial Saltillo(GIS) | View profile | 5001-10000 | Saltillo, Coahuila de Zaragoza, Mexico, North America | http://www.gis.com.mx/# |
| Calumet Specialty Products Partners LP | View profile | 1580 | 2780 Waterfront Parkway East Drive, Suite 200, Indianapolis, IN, United States, 46214 | https://www.calumetspecialty.com |
| Georg Fischer AG | View profile | 19824 | Amsler-Laffon-Strasse 9, Schaffhausen, Switzerland, 8201 | https://www.georgfischer.com |
| POSCO Holdings Inc ADR | View profile | 44501 | POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, Korea, Republic of, 06194 | https://www.posco.co.kr |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
Asia Pacific iron casting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to iron casting market will help companies and investors design strategic landscapes.
Gray was the largest segment with a revenue share of 69.06% in 2024. Horizon Databook has segmented the Asia Pacific iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is one of the largest consumers of iron castings in the world. The increasing requirement of iron castings in various industries such as infrastructure & construction, automotive, renewables, machine tooling, and pipes is anticipated to augment the demand for iron castings over the forecast period.
Out of the four projects proposed by South Korea, one was the construction of a metro rail in Chittagong. Furthermore, the countries in the region are focusing to reduce their carbon emissions by shifting focus toward renewable energy.
The country is expected to add 5.7-gigawatt offshore wind energy between 2021 and 2025. Such investments across Asia Pacific are expected to positively benefit iron castings demand over the forecast period.
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Target buyers of Asia Pacific iron casting market databook
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Our clientele includes a mix of iron casting market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific iron casting market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific iron casting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific iron casting market size, by country, 2018-2030 (US$M)
Asia Pacific Iron Casting Market Outlook Share, 2024 & 2030 (US$M)
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