Iron Casting Market Size, Share & Trends Report

Iron Casting Market Size, Share & Trends Analysis Report By Product (Gray, Ductile, Malleable), By Application (Automotive, Machinery & Tools, Railways), By Region, And Segment Forecasts, 2022 - 2030

Report ID: GVR-4-68038-366-9
Number of Pages: 113
Format: Electronic (PDF)

Historical Range: 2017 - 2020
Industry: Advanced Materials

Market Segmentation

Iron Casting Product Outlook (Revenue, USD Million; Volume, Kilotons, 2017 - 2030)
- Gray cast iron
- Ductile cast iron
- Malleable cast iron
Iron Casting Application Outlook (Revenue, USD Million; Volume, Kilotons, 2017 - 2030)
- Automotive
- Machinery & tools
- Pipes & fittings
- Railways
- Power Generation
- Other Applications
Iron Casting Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2017 - 2030)
- North America
  - North America Iron Casting Market, By Product
    - Gray cast iron
    - Ductile cast iron
    - Malleable cast iron
  - North America Iron Casting Market, By Application
    - Automotive
    - Machinery & tools
    - Pipes & fittings
    - Railways
    - Power generation
    - Other application
  - U.S.
    - U.S. Iron Casting Market, By Product
      - Gray cast iron
      - Ductile cast iron
      - Malleable
    - U.S. Iron Casting Market, By Application
      - Automotive
      - Machinery & tools
      - Pipes & tools
      - Railways
      - Power generation
      - Other application
  - Canada
    - Canada Iron Casting Market, By Product
      - Gray cast iron
      - Ductile cast iron
      - Malleable
    - Canada Iron Casting Market, By Application
      - Automotive
      - Machinery & tools
      - Pipes & tools
      - Railways
      - Power generation
      - Other application
  - Mexico
    - Mexico Iron Casting Market, By Product
      - Gray cast iron
      - Ductile cast iron
      - Malleable
    - Mexico Iron Casting Market, By Application
      - Automotive
      - Machinery & tools
      - Pipes & tools
      - Railways
      - Power generation
      - Other application
- Europe
  - Europe Iron Casting Market, By Product
    - Gray cast iron
    - Ductile cast iron
    - Malleable cast iron
  - Europe Iron Casting Market, By Application
    - Automotive
    - Machinery & tools
    - Pipes & fittings
    - Railways
    - Power generation
    - Other application
  - Germany
    - Germany Iron Casting Market, By Product
      - Gray cast iron
      - Ductile cast iron
      - Malleable
    - Germany Iron Casting Market, By Application
      - Automotive
      - Machinery & tools
      - Pipes & tools
      - Railways
      - Power generation
      - Other application
  - U.K.
    - U.K. Iron Casting Market, By Product
      - Gray cast iron
      - Ductile cast iron
      - Malleable
    - U.K. Iron Casting Market, By Application
      - Automotive
      - Machinery & tools
      - Pipes & tools
      - Railways
      - Power generation
      - Other application
  - France
    - France Iron Casting Market, By Product
      - Gray cast iron
      - Ductile cast iron
      - Malleable
    - France Iron Casting Market, By Application
      - Automotive
      - Machinery & tools
      - Pipes & tools
      - Railways
      - Power generation
      - Other application
  - Italy
    - France Iron Casting Market, By Product
      - Gray cast iron
      - Ductile cast iron
      - Malleable
    - Italy Iron Casting Market, By Application
      - Automotive
      - Machinery & tools
      - Pipes & tools
      - Railways
      - Power generation
      - Other application
  - Russia
    - Russia Iron Casting Market, By Product
      - Gray cast iron
      - Ductile cast iron
      - Malleable
    - Russia Iron Casting Market, By Application
      - Automotive
      - Machinery & tools
      - Pipes & tools
      - Railways
      - Power generation
      - Other application
  - Turkey
    - Turkey Iron Casting Market, By Product
      - Gray cast iron
      - Ductile cast iron
      - Malleable
    - Turkey Iron Casting Market, By Application
      - Automotive
      - Machinery & tools
      - Pipes & tools
      - Railways
      - Power generation
      - Other application
- Asia Pacific
  - Asia Pacific Iron Casting Market, By Product
    - Gray cast iron
    - Ductile cast iron
    - Malleable cast iron
  - Asia Pacific Iron Casting Market, By Application
    - Automotive
    - Machinery & tools
    - Pipes & fittings
    - Railways
    - Power generation
    - Other application
  - China
    - China Iron Casting Market, By Product
      - Gray cast iron
      - Ductile cast iron
      - Malleable
    - China Iron Casting Market, By Application
      - Automotive
      - Machinery & tools
      - Pipes & tools
      - Railways
      - Power generation
      - Other application
  - Japan
    - Japan Iron Casting Market, By Product
      - Gray cast iron
      - Ductile cast iron
      - Malleable
    - Japan Iron Casting Market, By Application
      - Automotive
      - Machinery & tools
      - Pipes & tools
      - Railways
      - Power generation
      - Other application
  - India
    - India Iron Casting Market, By Product
      - Gray cast iron
      - Ductile cast iron
      - Malleable
    - India Iron Casting Market, By Application
      - Automotive
      - Machinery & tools
      - Pipes & tools
      - Railways
      - Power generation
      - Other application
  - South Korea
    - South Korea Iron Casting Market, By Product
      - Gray cast iron
      - Ductile cast iron
      - Malleable
    - South Korea Iron Casting Market, By Application
      - Automotive
      - Machinery & tools
      - Pipes & tools
      - Railways
      - Power generation
      - Other application
  - Indonesia
    - Indonesia Iron Casting Market, By Product
      - Gray cast iron
      - Ductile cast iron
      - Malleable
    - Indonesia Iron Casting Market, By Application
      - Automotive
      - Machinery & tools
      - Pipes & tools
      - Railways
      - Power generation
      - Other application
- Central & South America
  - Central & South America Iron Casting Market, By Product
    - Gray cast iron
    - Ductile cast iron
    - Malleable cast iron
  - Central & South America Iron Casting Market, By Application
    - Automotive
    - Machinery & tools
    - Pipes & tools
    - Railways
    - Power generation
    - Other application
  - Brazil
    - Brazil Iron Casting Market, By Product
      - Gray cast iron
      - Ductile cast iron
      - Malleable
    - Brazil Iron Casting Market, By Application
      - Automotive
      - Machinery & tools
      - Pipes & tools
      - Railways
      - Power generation
      - Other application
  - Argentina
    - Argentina Iron Casting Market, By Product
      - Gray cast iron
      - Ductile cast iron
      - Malleable
    - Argentina Iron Casting Market, By Application
      - Automotive
      - Machinery & tools
      - Pipes & tools
      - Railways
      - Power generation
      - Other application
- Middle East & Africa
  - Middle East & Africa Iron Casting Market, By Product
    - Gray cast iron
    - Ductile cast iron
    - Malleable cast iron
  - Middle East & Africa Iron Casting Market, By Application
    - Automotive
    - Machinery & tools
    - Pipes & fittings
    - Railways
    - Power generation
    - Other application
  - South Africa
    - South Africa Iron Casting Market, By Product
      - Gray cast iron
      - Ductile cast iron
      - Malleable
    - South Africa Iron Casting Market, By Application
      - Automotive
      - Machinery & tools
      - Pipes & tools
      - Railways
      - Power generation
      - Other application

Iron Casting Market Dynamics

Driver: Growing demand for pipes & fittings

Iron castings are widely used in pipes and fittings across residential and industrial sectors, with applications in sewage grids, manhole assemblies, fittings, couplings, and valves. Ductile iron castings, in particular, are in high demand in the railway industry due to their superior mechanical properties and high strength. Compared to steel, ductile cast iron offers various benefits, including energy savings, low density, low shrinkage, and improved castability, making them a preferred choice for railway applications. The increasing investments in the railway sector, coupled with the growing emphasis on energy efficiency and carbon emissions reduction, are expected to further drive the demand for iron castings in the railway industry. The market is projected to witness substantial growth, with the Asia Pacific region leading the global sales due to rising requirements in railways and renewables. The iron casting market is highly competitive, with several key players actively contributing to the market’s growth.

Driver: Increasing investments in railway sector

The iron casting market is experiencing significant growth, with the railway industry being one of the fastest-growing application segments. Iron castings are used in various products related to tracks, wagons, and signaling items, such as chairs, blocks, sign plates, bases, signal boxes, and meter boxes. The demand for ductile cast iron is particularly high in the railway industry due to its superior mechanical properties and high strength, which is attributed to its favorable spheroidal shape. Compared to steel, ductile cast iron offers various benefits, including energy savings, low density for lightweight castings, low shrinkage for reduced machining cost, and improved castability. Ductile iron castings are mainly used in railway tracks, infrastructure-related applications, and rolling stock. One example of tracks includes rail clamps, where the cast iron pad distributes the load from the rail to the sleeper and supporting elements. The increasing popularity of iron castings in railways is expected to increase its penetration in the industry, and growing investments in the railway sector worldwide are further expected to aid market growth. In comparison to private vehicles and airplanes, rail is considered the most energy-efficient and least carbon-intensive transportation, in terms of both passengers and goods. Growing concerns about improving trade routes, connectivity, transportation, and reducing carbon emissions are propelling investments in the railway sector, which is anticipated to benefit market growth over the forecast period.

Restraint: Increasing penetration of aluminum in automotive industry

The increasing demand for aluminum castings in the automotive industry due to its superior mechanical properties and contribution to carbon dioxide reduction is a driver for the iron casting market. Automakers are under regulatory pressure to improve the efficiency of vehicles and reduce greenhouse gas emissions, and the use of aluminum is an essential part of this process. The demand for ductile cast iron is propelling in the railway industry owing to its superior mechanical properties and high strength, which is attributed to its favorable spheroidal shape. The rising popularity of iron castings in railways is expected to increase its penetration in the industry, and growing investments in the railway sector worldwide are further expected to aid market growth. However, the increasing preference for aluminum castings in various industries, especially automotive, is affecting the consumption of iron castings.

What Does This Report Include?

This section will provide insights into the contents included in this iron casting market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Iron casting market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Iron casting market quantitative analysis

Market size, estimates, and forecast from 2017 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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