India Iron Casting Market Size & Outlook, 2026-2033
- Metals & Mining
- Metals, Mining & Minerals
- Iron Casting Market Outlook
- Metals, Mining & Minerals
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India iron casting market highlights
- The India iron casting market generated a revenue of USD 15,015.0 million in 2025 and is expected to reach USD 28,412.1 million by 2033.
- The India market is expected to grow at a CAGR of 8.4% 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 15,015.0 million |
| Market revenue in 2033 | USD 28,412.1 million |
| Growth rate | 8.4% (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, India accounted for 12.1% 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 Asia Pacific, China iron casting market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 28,412.1 million by 2033.
India is one of the fastest-growing markets for iron castings in Asia Pacific. The country is also among the fastest-growing economies in the world and is witnessing positive economic growth owing to the rising government initiatives, which, in turn, is promoting the country’s manufacturing & infrastructure sector along with encouraging FDIs.
This is expected to augment the growth of iron castings in the country. The Indian government is heavily investing in renewable energy to reduce carbon emissions. For instance, in September 2021, the government announced that it is going to add 30 gigawatts of wind energy by 2030.
As part of the plan, Vision 2024 has been launched, which suggests an acceleration in the implementation of projects by 2024, such as multi-tracking of congested routes, 100% electrification, and up-gradation of speed to 130 kilometers per hour.
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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/ |
India 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 69.56% in 2025.
Horizon Databook has segmented the India iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2021 to 2033.
India is one of the fastest-growing markets for iron castings in Asia Pacific. The country is also among the fastest-growing economies in the world and is witnessing positive economic growth owing to the rising government initiatives, which, in turn, is promoting the country’s manufacturing & infrastructure sector along with encouraging FDIs.
This is expected to augment the growth of iron castings in the country. The Indian government is heavily investing in renewable energy to reduce carbon emissions. For instance, in September 2021, the government announced that it is going to add 30 gigawatts of wind energy by 2030.
As part of the plan, Vision 2024 has been launched, which suggests an acceleration in the implementation of projects by 2024, such as multi-tracking of congested routes, 100% electrification, and up-gradation of speed to 130 kilometers per hour.
- India Iron Casting Market Product Outlook (Revenue, USD Million , 2021-2033)
- Gray
- Ductile
- Malleable
- India 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 India Iron Casting Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Iron Casting Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
India Iron Casting Market, 2021-2033 (US$M)
India Product - Iron Casting Market Statistics, 2025 - 2033 (US$M)
