U.S. Iron Casting Market Size & Outlook, 2021-2030
U.S. iron casting market, 2017-2030 (US$M)
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U.S. iron casting market highlights
- The U.S. iron casting market generated a revenue of USD 13,035.8 million in 2021 and is expected to reach USD 21,259.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.6% 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.
Iron casting market data book summary
| Market revenue in 2021 | USD 13,035.8 million |
| Market revenue in 2030 | USD 21,259.5 million |
| Growth rate | 5.6% (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, U.S. accounted for 12.9% 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 |
|---|
U.S. 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 60.68% in 2021. Horizon Databook has segmented the U.S. iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2017 to 2030.
Large-scale automobile plants, machinery & tool manufacturers, growing demand for pipes & fittings owing to the expanding petrochemical industry, and infrastructural developments are propelling the demand for iron castings in the country.
For instance, in February 2021, Victaulic acquired the ductile iron foundry of Waupaca Foundry, Inc. to increase its production capacity by 70% in the U.S. The plant has two foundry molding lines, which is expected to help the company produce at a much larger scale.
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Our clientele includes a mix of iron casting market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. iron casting market , including forecasts for subscribers. This country databook contains high-level insights into U.S. iron casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. iron casting market size, by product, 2017-2030 (US$M)
U.S. Iron Casting Market Outlook Share, 2021 & 2030 (US$M)
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