Asia Pacific Iron Casting Market Size & Outlook, 2021-2030
Asia Pacific iron casting market, 2017-2030 (US$M)
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Asia Pacific iron casting market highlights
- The Asia Pacific iron casting market generated a revenue of USD 66,704.4 million in 2021.
- The market is expected to grow at a CAGR of 6.6% from 2022 to 2030.
- In terms of segment, gray was the largest revenue generating product in 2021.
- Ductile is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 66,704.4 million |
| Market revenue in 2030 | USD 118,848.5 million |
| Growth rate | 6.6% (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 |
| Key market players worldwide | Hitachi Ltd, POSCO Holdings Inc ADR, Georg Fischer AG, Calumet Specialty Products Partners LP, Brakes India, Chamberlin Plc, Crescent Foundry, Xinxing Ductile Iron Pipes, Newby Foundries, Grupo Industrial Saltillo(GIS) |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 65.9% of the global iron casting market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 118,848.5 million by 2030.
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Iron Casting Market Scope
Iron Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 65.12% in 2021. Horizon Databook has segmented the Asia Pacific iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2017 to 2030.
Asia Pacific is one of the largest consumers of iron castings in the world. The increasing requirement of iron castings in various industries such as infrastructure & construction, automotive, renewables, machine tooling, and pipes is anticipated to augment the demand for iron castings over the forecast period.
Out of the four projects proposed by South Korea, one was the construction of a metro rail in Chittagong. Furthermore, the countries in the region are focusing to reduce their carbon emissions by shifting focus toward renewable energy.
The country is expected to add 5.7-gigawatt offshore wind energy between 2021 and 2025. Such investments across Asia Pacific are expected to positively benefit iron castings demand over the forecast period.
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Target buyers of Asia Pacific 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 continent-level data and insights on the Asia Pacific iron casting market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific iron casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific iron casting market size, by country, 2017-2030 (US$M)
Asia Pacific Iron Casting Market Outlook Share, 2021 & 2030 (US$M)
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