Iron Casting Market Size To Reach $172.4 Billion By 2030

Iron Casting Market Growth & Trends

The global iron casting market size is estimated to reach USD 172.4 billion by 2030, expanding at a CAGR of 6.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. The increasing investments in the infrastructure & renewable energy industry are expected to propel the demand for the product.

Iron castings are produced by pouring melted cast iron into casts or molds to make products of desired shape and size, via various methods such as sand and investment casting. Different product types available in the market include gray, ductile, and malleable, which are used according to their application requirements.

Based on product, gray cast iron held the largest revenue share of the global market in 2021, and this trend is expected to continue across the forecast period. It is preferred owing to the benefits it offers such as abrasive resistance, vibration damping capacity, and better castability than other types. The product is used for making machine tool bases, soil pipes, automobile engine blocks, and internal combustion engine head manifolds.

Based on region, Asia Pacific held the largest revenue share of the global market in 2021. In the region, China was the key market in 2021 but India is expected to register the fastest growth rate across the forecast period. The increasing demand for the product from various industries such as railways, renewables, machines & tools, and infrastructure is propelling competition in the region.

In February 2022, Bharat Forge announced the acquisition of JS Autocast Foundry India, a manufacturer of ductile iron castings for hydraulics, wind energy, automotive, and off highways. The acquisition is anticipated to help Bharat Forge expand its product portfolio as well as manufacturing presence.

The global market is highly competitive in nature. Key players in the industry are carrying out mergers & acquisitions for the development of their business. For instance, In November 2021, Wisconsin-based Charter Manufacturing acquired Aarrowcast Inc., a gray and ductile iron casting manufacturer. Aarrowcast Inc. has a production capacity of 42,000 tons per year. This acquisition is expected to help Charter Manufacturing to expand the manufacturing of its metal offerings and diversify its customer base.

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Iron Casting Market Report Highlights

• Based on the product, ductile cast iron is anticipated to register a CAGR of 7.0% in terms of revenue across the forecast period, ranging from 2025 to 2030. The product is preferable in various end-use industries such as automotive, water system & sanitization, and renewables as it offers higher toughness and strength than gray cast iron.

• Based on application, In 2024, the automotive industry held the revenue share of over 29% in 2024 in global iron casting market.

• Based on region, Asia Pacific dominated the industry with a revenue share of 66.9% in 2023. Asia Pacific is one of the world's largest consumers of iron castings. The increasing demand for iron castings in various industries, such as infrastructure and construction, automotive, renewables, machine tooling, and pipes, is anticipated to augment the demand over the forecast period.

Iron Casting Market Segmentation

Grand View Research has segmented the global iron casting market based on product, application, and region:

Iron Casting Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Gray Cast Iron

• Ductile Cast Iron

• Malleable Cast Iron

Iron Casting Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Automotive

• Machinery & tools

• Pipes & fittings

• Railways

• Power generation

• Others

Iron Casting Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • Italy

  • UK

  • Russia

  • Türkiye

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Indonesia

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

List of Key Players in Iron Casting Market

• Proterial Ltd.

• LIAONING BORUI MACHINERY CO., LTD (DANDONG FOUNDRY)

• Brakes India

• OSCO Industries Inc.

• Chamberlin

• Crescent Foundry

• Georg Fischer Ltd

• Grupo Industrial Saltillo (GIS)

• Newby Holdings Limited

• Castings P.L.C.

• CALMET