Mexico Iron Casting Market Size & Outlook, 2025-2030
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Mexico iron casting market highlights
- The Mexico iron casting market generated a revenue of USD 1,657.8 million in 2024 and is expected to reach USD 2,291.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.7% from 2025 to 2030.
- In terms of segment, gray was the largest revenue generating product in 2024.
- Ductile is the most lucrative product segment registering the fastest growth during the forecast period.
Iron casting market data book summary
| Market revenue in 2024 | USD 1,657.8 million |
| Market revenue in 2030 | USD 2,291.9 million |
| Growth rate | 5.7% (CAGR from 2025 to 2030) |
| Largest segment | Gray |
| Fastest growing segment | Ductile |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 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 1.4% of the global iron casting market in 2024.
- 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 |
|---|---|---|---|---|
| Newby Foundries | View profile | 51-100 | Wednesbury, Staffordshire, United Kingdom, Europe | https://newbyfoundries.co.uk/ |
| Xinxing Ductile Iron Pipes | View profile | 1001-5000 | Wuan, Hebei, China, Asia | http://www.xinxing-pipes.com |
| Crescent Foundry | View profile | 1001-5000 | Kolkata, West Bengal, India, Asia | https://www.crescentfoundry.com |
| Chamberlin Plc | View profile | 251-500 | Walsall, Walsall, United Kingdom, Europe | http://www.chamberlin.co.uk/ |
| Brakes India | View profile | 1001-5000 | Chennai, Tamil Nadu, India, Asia | https://www.brakesindia.com |
| Grupo Industrial Saltillo(GIS) | View profile | 5001-10000 | Saltillo, Coahuila de Zaragoza, Mexico, North America | http://www.gis.com.mx/# |
| Calumet Specialty Products Partners LP | View profile | 1580 | 2780 Waterfront Parkway East Drive, Suite 200, Indianapolis, IN, United States, 46214 | https://www.calumetspecialty.com |
| Georg Fischer AG | View profile | 19824 | Amsler-Laffon-Strasse 9, Schaffhausen, Switzerland, 8201 | https://www.georgfischer.com |
| POSCO Holdings Inc ADR | View profile | 44501 | POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, Korea, Republic of, 06194 | https://www.posco.co.kr |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
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 63.84% in 2024. Horizon Databook has segmented the Mexico iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2018 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 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico iron casting market size, by product, 2018-2030 (US$M)
Mexico Iron Casting Market Outlook Share, 2024 & 2030 (US$M)
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