Iron Casting [Ferrous Castings] Market Revenue was valued at USD 139.76 Billion in 2024 and is estimated to reach USD 204.56 Billion by 2033, growing at a CAGR of 4.5% from 2026 to 2033.
The global Iron Casting (Ferrous Castings) market was valued at approximately USD 134.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030. This growth is primarily driven by increased demand from the automotive, construction, and industrial machinery sectors. Grey iron held the dominant market share due to its cost efficiency and excellent machinability, while ductile iron castings are gaining traction for their superior mechanical properties. Asia Pacific emerged as the leading region, accounting for over 60% of the total market revenue in 2022, propelled by strong manufacturing bases in China and India. Europe followed as the second largest market, supported by a robust automotive industry and increasing adoption of lightweight ferrous materials. North America maintained steady growth, attributed to ongoing industrial upgrades and infrastructure developments.
The Asia Pacific region continues to offer substantial opportunities due to ongoing industrialization, urban infrastructure expansion, and automotive manufacturing growth. China alone contributed to over 45% of the regional market in 2022, with India following as a fast emerging player due to increased foundry capacities and government incentives for domestic manufacturing. The Middle East & Africa region is expected to experience moderate growth with rising investments in infrastructure and energy projects. Latin America presents niche growth opportunities in agriculture equipment and mining applications. Technological advancements in molding processes, adoption of automation in foundries, and the demand for customized casting solutions are expected to open new avenues for market participants globally. Furthermore, increased emphasis on sustainable production and recycling of ferrous materials is likely to enhance long term growth potential across all major regions.
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Waupaca Foundry
AAM(Grede Holdings)
Neenah Foundry
Metal Technologies
Cifunsa
Wescast Industries
INTAT Precision
Chassix
Aarrowcast
Cadillac Casting
Rochester Metal Products
Goldens'Foundry
Weichai
Xinxing Ductile Iron Pipes
Georg Fischer
Faw Foundry
Huaxiang Group
Meide Casting
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Iron Casting [Ferrous Castings] Market
Gray Iron Castings
White Iron Castings
Ductile Iron Castings
Malleable Iron Castings
Compacted Graphite Iron Castings
Automotive Industry
Industrial Machinery
Heavy Equipment
Construction
Power Generation
Aerospace & Defense
Consumer Goods
Sand Casting
Die Casting
Permanent Mold Casting
Shell Mold Casting
Centrifugal Casting
Investment Casting
Automotive
Heavy Equipment
Construction & Infrastructure
Power Generation
Oil & Gas
Aerospace
Cast Iron
Steel
Alloy Castings
Non-Ferrous Castings
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Iron Casting [Ferrous Castings] Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Iron Casting [Ferrous Castings] Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Iron Casting [Ferrous Castings] Market, By Type
6. Global Iron Casting [Ferrous Castings] Market, By Application
7. Global Iron Casting [Ferrous Castings] Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Iron Casting [Ferrous Castings] Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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