Canada Iron Casting Market Size & Outlook, 2025-2030
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Canada iron casting market highlights
- The Canada iron casting market generated a revenue of USD 993.4 million in 2024 and is expected to reach USD 1,336.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.2% 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.
Iron casting market data book summary
| Market revenue in 2024 | USD 993.4 million |
| Market revenue in 2030 | USD 1,336.2 million |
| Growth rate | 5.2% (CAGR from 2025 to 2030) |
| Largest segment | Gray |
| Fastest growing segment | Ductile |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, Canada accounted for 0.8% of the global iron casting market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. iron casting market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 21,259.5 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 |
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 will help companies and investors design strategic landscapes.
Gray was the largest segment with a revenue share of 63.75% in 2024. Horizon Databook has segmented the Canada iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2018 to 2030.
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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Our clientele includes a mix of iron casting market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada iron casting market , including forecasts for subscribers. This country databook contains high-level insights into Canada iron casting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada iron casting market size, by product, 2018-2030 (US$M)
Canada Iron Casting Market Outlook Share, 2024 & 2030 (US$M)
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