Iron and steel castings are essential for producing complex, high-strength components across multiple industries
Market Overview
Increasing adoption of automation and sustainable foundry practices
Asia-Pacific leads with 65% of global production, with China accounting for nearly half of worldwide output
Strong demand from automotive, construction, and heavy machinery sectors, especially in developing economies
Market Value & Growth Projections
Market Insights:
2025 Valuation: US$ 21.6 billion
2032 Projected Value: US$ 31.7 billion
CAGR: 4.9% (2025-2032)
Key Market Drivers:
Continuous demand for engine blocks, transmission cases, and other critical components
Growing need for structural castings and piping systems, particularly in emerging economies
Requirement for durable components in mining, agriculture, and industrial equipment
Development of 3D sand printing and automated foundry systems
Market Segmentation
By Type
By Application
Large Casting (40MT-320MT)
Medium Casting (9MT-40MT)
Small Casting (5kg-8MT)
Automotive & Transport
Pipes & Fittings
Pumps & Valves
Machinery & Equipment
Other Applications
ArcelorMittal
Key Market Players
Hitachi Metals
Kobe Steel
Regional Market Analysis
North America:
Key Countries- USA, Canada, Mexico
Europe:
Key Countries- Germany, UK, France, Russia, Italy, Rest of Europe
Asia-Pacific:
Key Countries- China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific
South America:
Key Countries- Brazil, Argentina, Columbia, Rest of South America
Middle East and Africa:
Key Countries- Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA
