Brazil Iron Casting Market Size & Outlook, 2021-2030
Brazil iron casting market, 2017-2030 (US$M)
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Brazil iron casting market highlights
- The Brazil iron casting market generated a revenue of USD 1,833.6 million in 2021 and is expected to reach USD 2,833.4 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5% 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.
Iron casting market data book summary
| Market revenue in 2021 | USD 1,833.6 million |
| Market revenue in 2030 | USD 2,833.4 million |
| Growth rate | 5% (CAGR from 2021 to 2030) |
| Largest segment | Gray |
| Fastest growing segment | Ductile |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 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, Brazil accounted for 1.8% of the global iron casting market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil iron casting market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 2,833.4 million by 2030.
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Iron Casting Market Scope
Iron Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil 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 62.12% in 2021. Horizon Databook has segmented the Brazil iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2017 to 2030.
Brazil is among the key economies of Central & South America. The country registered 5% economic growth in 2021. The country’s GDP growth rate has returned to pre-pandemic levels owing to heavy investments in infrastructure, energy, machine tooling, and transportation industries.
This project is anticipated to require an investment of USD 9 billion. Growth in railway sector is expected to augment the need for iron castings in the country over the forecast period. Furthermore, rising investments in renewable energy industry is another growth driver for the market.
The company is expected to invest USD 570 million in renewables in the country by the end of 2025. It is expected to provide clean energy from wind and solar power plants. The growth of application industries is propelling the demand for iron castings, which, in turn, is propelling competition in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil iron casting market , including forecasts for subscribers. This country databook contains high-level insights into Brazil iron casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil iron casting market size, by product, 2017-2030 (US$M)
Brazil Iron Casting Market Outlook Share, 2021 & 2030 (US$M)
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