Mexico Iron Casting Market Size & Outlook, 2021-2030
Mexico iron casting market, 2017-2030 (US$M)
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Mexico iron casting market highlights
- The Mexico iron casting market generated a revenue of USD 1,468.6 million in 2021 and is expected to reach USD 2,291.9 million by 2030.
- The Mexico 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.
Iron casting market data book summary
| Market revenue in 2021 | USD 1,468.6 million |
| Market revenue in 2030 | USD 2,291.9 million |
| Growth rate | 5.1% (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, Mexico accounted for 1.5% 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 North America, U.S. iron casting market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 21,259.5 million by 2030.
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Iron Casting Market Scope
Iron Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 61.07% in 2021. Horizon Databook has segmented the Mexico iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2017 to 2030.
Manufacturing and exports reached above pre-pandemic levels in November 2021. The government of Mexico is trying to boost the growth of industries such as energy, railways, ports, construction, and highways & roads, which is anticipated to propel iron castings demand in the country over the forecast period.
For instance, in October 2020, the government of Mexico announced a USD 14.2 billion infrastructure investment plan. The plan consists of various projects such as water treatment, ports, roads, and logistics and 50% of the investment is for energy sector.
For instance, as of June 2021, local governments in the country introduced processes for building around 12 new wastewater treatment plants in Central & Southern states. The Mexican government launched 38 infrastructure tenders for the construction, modernization, and rehabilitation of wastewater treatment plants.
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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 country-level data and insights on the Mexico iron casting market , including forecasts for subscribers. This country databook contains high-level insights into Mexico iron casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico iron casting market size, by product, 2017-2030 (US$M)
Mexico Iron Casting Market Outlook Share, 2021 & 2030 (US$M)
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