Latin America Iron Casting Market Size & Outlook
Latin America iron casting market, 2017-2030 (US$M)
Related Markets
Latin America iron casting market highlights
- The Latin America iron casting market generated a revenue of USD 2,162.9 million in 2021.
- The market is expected to grow at a CAGR of 5.1% 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, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 2,162.9 million |
| Market revenue in 2030 | USD 3,373.3 million |
| Growth rate | 5.1% (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 |
| 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, Latin America region accounted for 2.1% 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 |
|---|
Latin America 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 Latin America iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2017 to 2030.
The GDP of Central & South America plunged by 8% owing to the negative impact of the COVID-19 pandemic in 2020. However, the region registered a growth rate of 6.2% in 2021 owing to the investments made by various governments in industries such as infrastructure, energy, and rail.
The countries in the region are investing in rail infrastructure, which is anticipated to increase the demand for iron castings over the forecast period. For instance, in March 2021, Chile and Argentina announced that they are planning to develop a rail corridor between Bahia Blanca port of Argentina and Talcahuano port of Chile, which is going to create a Pacific-Atlantic link.
Private players are investing in the region to increase power generation capacity from renewables. The projects contain two photovoltaic plants and two battery-powered wind farms, which are expected to be completed by 2024.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America iron casting market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America iron casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America iron casting market size, by country, 2017-2030 (US$M)
Latin America Iron Casting Market Outlook Share, 2021 & 2030 (US$M)
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