The global iron casting market size was estimated at USD 117.4 billion in 2024 and is projected to reach USD 172.4 billion by 2030, growing at a CAGR of 6.8% from 2025 to 2030. Market growth is primarily driven by rising investments in the railway sector and increasing demand for iron cast pipes in water infrastructure and oil & gas projects. Cast iron’s compressive strength and moldability make it a preferred material in industrial applications, while innovations in cookware and toxin-free kitchen products are supporting the gray cast iron segment.
The railway industry is expected to register a strong growth rate, with modernization projects replacing older cast-iron structures, such as the historic Mithi River Bridge in Mumbai, reflecting a broader industry shift toward more durable materials. Meanwhile, growing consumer preference for safe and durable cookware has prompted companies to expand production of enameled and toxin-free cast iron kitchenware.
Key Market Trends & Insights
- Asia Pacific dominated the market with a 66.9% revenue share in 2024.
- By product, gray cast iron accounted for over 64.0% of revenue in 2024.
- By application, the automotive industry held over 29% of revenue in 2024.
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Market Performance
- 2024 Market Size: USD 117.4 Billion
- 2030 Projected Market Size: USD 172.4 Billion
- CAGR (2025–2030): 6.8%
- Asia Pacific: Largest market in 2024
Competitive Landscape
The iron casting market is competitive, with established global players leveraging technological expertise and expanding production capacities.
- Proterial Ltd., founded in 1910 as Tobata Foundry, is a leader in high-performance materials with a history of strategic mergers and collaborations.
- Dandong Foundry has nearly 70 years of experience producing gray and ductile iron castings, exporting half its output to countries including the U.S., Germany, and Japan.
- Brakes India and other companies focus on innovation and global market expansion to maintain competitiveness.
Key Companies
- Proterial Ltd.
- LIAONING BORUI MACHINERY CO., LTD (DANDONG FOUNDRY)
- Brakes India
- OSCO Industries Inc.
- Chamberlin
- Crescent Foundry
- Georg Fischer Ltd
- Grupo Industrial Saltillo (GIS)
- Newby Holdings Limited
- Castings P.L.C.
- CALMET
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Conclusion
The iron casting market is poised for steady growth, driven by increasing infrastructure investments, rising demand in the automotive sector, and growing consumer interest in durable and toxin-free kitchenware. Technological advancements, modernization of railway infrastructure, and expansion into global markets are expected to sustain market momentum. With a focus on quality, innovation, and efficiency, the industry is well-positioned to meet evolving industrial and consumer demands.
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