Global Iron Casting Market Size & Outlook
Global iron casting market, 2017-2030 (US$M)
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Global iron casting market highlights
- The global iron casting market generated a revenue of USD 101,167.7 million in 2021 and is expected to reach USD 172,662.0 million by 2030.
- The market is expected to grow at a CAGR (2022 - 2030) of 6.1% by 2030.
- In terms of segment, gray accounted for a revenue of USD 65,056.7 million in 2021.
- Ductile is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2021.
- Country-wise, Russia is expected to register the highest CAGR from 2022 to 2030.
Global data book summary
| Market revenue in 2021 | USD 101,167.7 million |
| Market revenue in 2030 | USD 172,662.0 million |
| Growth rate | 6.1% (CAGR from 2021 to 2030) |
| Largest segment | Gray |
| Fastest growing segment | Ductile |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gray, Ductile, Malleable |
Other key industry trends
- In terms of revenue, the North America accounted for 15.2% of the global iron casting market in 2021.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Russia is the fastest growing regional market and is projected to reach USD 3,514.0 million by 2030.
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Iron Casting Market Scope
Iron Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global 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 64.31% in 2021. Horizon Databook has segmented the Global iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2017 to 2030.
Market Dynamics
Iron castings are extensively utilized in pipes and fittings across residential and industrial sectors. Centrifugal casting is a popular method used for producing pipes and fittings. Applications of casted pipes & fittings include sewage grids, manhole assemblies, fittings, couplings, and valves. Their long-lasting characteristic makes them applicable in both soil and water.
Pipe fittings made of cast iron, such as adapters, elbow, reducer, tee, coupling, and union, offer abrasion resistance from garbage disposal residue, debris, sand, gravel, and dishwasher discharge, thus making them a preferred choice in drain or sewer systems. Plumbers prefer installing cast iron pipes & fittings in all types of buildings. The increasing number of projects related to sanitization, sewage, and wastewater treatment are expected to benefit market growth over the coming years.
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Target buyers of Global iron casting market databook
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Our clientele includes a mix of iron casting market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global iron casting market , including forecasts for subscribers. This global databook contains high-level insights into Global iron casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global iron casting market outlook statistics, by region, 2017-2030 (US$M)
Top 10 countries: Iron casting market size, 2021 (USD Million)
Top 10 countries: Iron casting market size, 2021 (USD Million)
Global iron casting market, by region, 2021 (US$M)
Related regional statistics
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