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 |
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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.
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.
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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