Canada Iron Casting Market Size & Outlook, 2026-2033
- Metals & Mining
- Metals, Mining & Minerals
- Iron Casting Market Outlook
- Metals, Mining & Minerals
Global Market
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Canada iron casting market highlights
- The Canada iron casting market generated a revenue of USD 1,035.4 million in 2025 and is expected to reach USD 1,617.7 million by 2033.
- The Canada market is expected to grow at a CAGR of 5.9% from 2026 to 2033.
- In terms of segment, gray was the largest revenue generating product in 2025.
- Ductile is the most lucrative product segment registering the fastest growth during the forecast period.
Iron casting market data book summary
| Market revenue in 2025 | USD 1,035.4 million |
| Market revenue in 2033 | USD 1,617.7 million |
| Growth rate | 5.9% (CAGR from 2026 to 2033) |
| Largest segment | Gray |
| Fastest growing segment | Ductile |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| 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, Canada accounted for 0.8% of the global iron casting market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. iron casting market is projected to lead the regional market in terms of revenue in 2033.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 26,313.2 million by 2033.
The pandemic had a negative impact on Canada’s manufacturing operations, which affected the sales and production of iron castings in the country in 2020. However, government efforts toward economic growth are anticipated to help in the recovery of iron castings demand, especially from industries such as infrastructure, transport, and energy.
For instance, Canada is looking to reduce its carbon emission, owing to this, it is investing in renewable energy. In June 2021, the Canadian government announced its plan to invest USD 964 million in renewable energy and upgrade its infrastructure.
In August 2020, the Government of Canada and Quebec announced their plans to invest in green infrastructure projects, which include an investment worth USD 637.8 million for 280 stormwater, drinking water, and wastewater projects in municipalities throughout Quebec.
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Publish Date: Jun 11, 2026
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Iron Casting Market Scope
Iron Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hitachi Ltd | View profile | 322,525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | www.hitachi.com |
| POSCO Holdings Inc ADR | View profile | 44,501 | POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, Korea, Republic of, 06194 | www.posco.co.kr |
| Georg Fischer AG | View profile | 19,824 | Amsler-Laffon-Strasse 9, Schaffhausen, Switzerland, 8201 | www.georgfischer.com |
| Calumet Specialty Products Partners LP | View profile | 1,580 | 2780 Waterfront Parkway East Drive, Suite 200, Indianapolis, IN, United States, 46214 | www.calumetspecialty.com |
| Grupo Industrial Saltillo(GIS) | View profile | 5001-10000 | Saltillo, Coahuila de Zaragoza, Mexico, North America | www.gis.com.mx/# |
| Brakes India | View profile | 1001-5000 | Chennai, Tamil Nadu, India, Asia | www.brakesindia.com |
| Chamberlin Plc | View profile | 251-500 | Walsall, Walsall, United Kingdom, Europe | www.chamberlin.co.uk/ |
| Crescent Foundry | View profile | 1001-5000 | Kolkata, West Bengal, India, Asia | www.crescentfoundry.com |
| Xinxing Ductile Iron Pipes | View profile | 1001-5000 | Wuan, Hebei, China, Asia | www.xinxing-pipes.com |
| Newby Foundries | View profile | 51-100 | Wednesbury, Staffordshire, United Kingdom, Europe | newbyfoundries.co.uk/ |
Canada 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 Outlook will help companies and investors design strategic landscapes.
Gray was the largest segment with a revenue share of 63.94% in 2025.
Horizon Databook has segmented the Canada iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2021 to 2033.
The pandemic had a negative impact on Canada’s manufacturing operations, which affected the sales and production of iron castings in the country in 2020. However, government efforts toward economic growth are anticipated to help in the recovery of iron castings demand, especially from industries such as infrastructure, transport, and energy.
For instance, Canada is looking to reduce its carbon emission, owing to this, it is investing in renewable energy. In June 2021, the Canadian government announced its plan to invest USD 964 million in renewable energy and upgrade its infrastructure.
In August 2020, the Government of Canada and Quebec announced their plans to invest in green infrastructure projects, which include an investment worth USD 637.8 million for 280 stormwater, drinking water, and wastewater projects in municipalities throughout Quebec.
- Canada Iron Casting Market Product Outlook (Revenue, USD Million , 2021-2033)
- Gray
- Ductile
- Malleable
- Canada Iron Casting Market Application Outlook (Revenue, USD Million , 2021-2033)
- Machinery & Tools
- Pipes & Fittings
- Railways
- Power Generation
- Automotive
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Iron Casting Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Iron Casting Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Canada Iron Casting Market, 2021-2033 (US$M)
Canada Product - Iron Casting Market Statistics, 2025 - 2033 (US$M)
