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Global Iron Castings Market 2017-2021

Global Iron Castings Market 2017-2021

About Iron Castings

Cast iron is an alloy of iron and carbon; it is hard, brittle, and non-malleable. The concentration of carbon varies from 2% to 5%. The alloy has lower melting temperature and requires less refining when compared with steel, which has a typical carbon content of 0.5%. The less refining required allows for the production of components at a lower cost and without using specialized equipment. In addition, iron can be cast into more complex shapes as it shrinks less during solidification when compared with steel. The major properties of cast iron include high compressive strength, good casting features, and excellent machinability.

Technavio’s analysts forecast the global iron castings market to grow at a CAGR of 6.99% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global iron castings market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of iron castings.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Iron Castings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Brakes India Limited
  • Dandong Foundry
  • Grede Holdings
  • Grupo Industrial Saltillo
  • Hinduja Foundries
  • Hitachi Metals
  • OSCO Industries
Other prominent vendors
  • ACAST
  • Benton Foundry
  • Brantingham Manufacturing
  • Decatur Foundry
  • Hua Dong Teksid
  • Qingdao Tian Hua Yi He Foundry Factory
Market driver
  • Mechanization of agriculture, opening new avenues for growth
  • For a full, detailed list, view our report
Market challenge
  • Increasing competition from aluminum
  • For a full, detailed list, view our report
Market trend
  • Surge in consumption of cast iron products in renewable energy segment
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Iron Castings Market 2017-2021

Technavio recognizes the following companies as the key players in the global iron castings market: Brakes India Limited, Dandong Foundry, Grede Holdings, Grupo Industrial Saltillo, Hinduja Foundries, Hitachi Metals, and OSCO Industries

Other Prominent Vendors in the market are: ACAST, Benton Foundry, Brantingham Manufacturing, Decatur Foundry, Hua Dong Teksid, and Qingdao Tian Hua Yi He Foundry Factory

Commenting on the report, an analyst from Technavio’s team said: “In recent years, most foundries are preferring to use automated molding methods for melting, mechanized diametric molding for sand molding, and continuous casting for chemical sand binding. Stringent quality standards are being widely practiced. Environment-friendly techniques, such as cold casting process are also introduced in many regions. Unlike traditional casting methods, the process does not result in harmful emissions and 90% of molds are recycled resulting in less waste production and reduced use of raw materials. The elimination of the melting the metals reduces energy consumption. Furthermore, the lightweight property of cold cast products makes them easier to handle and ship, thereby reducing energy costs.”

According to the report, cast iron products are mostly used in engine parts, gears and bushings, suspension, brakes, steering, and crankshaft. The heavy commercial vehicle and tractor segments are shifting toward engines that generate higher horsepower, which is likely to increase the use of components, such as cylinder block and cylinder head, which will consequently increase the volume of cast iron consumed.

Further, the report states that iron casting is extremely robust and has a long lifespan when used properly and protected from exposure to adversities. It has been usually used in columns but not in structural beams as it has more compression strength than tensile strength. It is, however, highly susceptible to corrosion when exposed to moisture.

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Companies Mentioned

Brakes India Limited, Dandong Foundry, Grede Holdings, Grupo Industrial Saltillo, Hinduja Foundries, Hitachi Metals, OSCO Industries, ACAST, Benton Foundry, Brantingham Manufacturing, Decatur Foundry, Hua Dong Teksid, and Qingdao Tian Hua Yi He Foundry Factory

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
    • Overview
      • Table Types of iron casting process
      • Table Expandable mold process
  • Market landscape
    • Market overview
      • Table Segmentation of global iron castings market 2016
    • Market size and forecast
      • Table Global iron castings market 2016 and 2021 (million metric tons)
      • Table Market forecast: Global iron castings market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Overview
      • Table Global iron castings market 2016 (% volume)
      • Table Global iron castings market 2021 (% volume)
      • Table Popular grades of gray iron
      • Table Popular grades of ductile iron
    • Global gray iron castings market
      • Table Global gray iron castings market 2016 and 2021 (million metric tons)
      • Table Market forecast: Global gray iron castings market 2016-2021
    • Global ductile iron castings market
      • Table Global ductile iron castings market 2016 and 2021 (million metric tons)
      • Table Market forecast: Global ductile iron castings market 2016-2021
    • Global malleable iron castings market
      • Table Global malleable iron castings market 2016 and 2021 (million metric tons)
      • Table Market forecast: Global malleable iron castings market 2016-2021
  • Market segmentation by end-user
    • Overview
      • Table Global iron castings market by end-user 2016 (% volume)
      • Table Global iron castings market by end-user 2021 (% volume)
    • Global iron castings market in automobile segment
      • Table Global iron castings market in automobile segment 2016 and 2021 (million metric
      • Table Market forecast: Global iron castings market in automobile segment 2016-2021
      • Table Types of casting used in gear and gear boxes
    • Global iron castings market in industrial machinery segment
      • Table Global iron castings market in industrial machinery segment 2016 and 2021 (million
      • Table Market forecast: Global iron castings market in industrial machinery segment 2016-
      • Table Types of casting used in sugar machinery
      • Table Types of casting used in printing machinery
      • Table Types of casting used in machine tools
    • Global iron castings market in infrastructure and construction machines
      • Table Global iron castings market in infrastructure and construction machines segment
      • Table Market forecast: Global iron castings market in infrastructure and construction
      • Table Types of casting used in infrastructure and construction machinery
    • Global iron castings market in power segment
      • Table Global iron castings market in power segment 2016 and 2021 (million metric tons)
      • Table Market forecast: Global iron castings market in power segment 2016-2021
    • Global iron castings market in other end-user segments
      • Table Iron castings market in other end-user segments 2016 and 2021
      • Table Market forecast: Global iron castings market in other end-user segments 2016-2021
  • Market segmentation by geography
    • Overview
      • Table Global iron castings market by geography 2016
      • Table Global iron castings market by geography 2021
    • Iron castings market in APAC
      • Table Iron castings market in APAC 2016 and 2021 (million metric tons)
      • Table Market forecast: Iron castings market in APAC 2016-2021
    • Iron castings market in North America
      • Table Iron castings market in North America 2016 and 2021 (million metric tons)
      • Table Market forecast: Iron castings market in North America 2016-2021
    • Iron castings market in Europe
      • Table Iron castings market in Europe 2016 and 2021 (million metric tons)
      • Table Market forecast: Iron castings market in Europe 2016-2021
    • Iron castings market in ROW
      • Table Iron castings market in ROW 2016 and 2021 (million metric tons)
      • Table Market forecast: Iron castings market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key regions
      • Table Impact of challenges
  • Market trends
    • Modernization of foundry industry
    • Surge in consumption of cast iron products in renewable energy segment
    • Advances in technology
  • Vendor landscape
    • Competitive scenario
    • Major market vendors
      • Table Global iron castings market: Major vendors
    • Other prominent vendors
  • Key vendor analysis
    • Brakes India Limited
      • Table Brakes India Limited: Product offerings
      • Table Brakes India Limited: Product range
    • Dandong Foundry
      • Table Dandong Foundry: Product segmentation
    • Grede Holdings
      • Table Grede Holdings: Product applications
    • Grupo Industrial Saltillo
      • Table Grupo Industrial Saltillo: Business segmentation
    • Hinduja Foundries
      • Table Hinduja Foundries: Product segmentation
    • Hitachi Metals
    • OSCO Industries
      • Table OSCO Industries: Business divisions
  • Appendix
    • List of abbreviations
  • Explore Technavio

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