Global Grey Iron Casting Market Growth 2026-2032
Description
The global Grey Iron Casting market size is predicted to grow from US$ 44288 million in 2025 to US$ 50171 million in 2032; it is expected to grow at a CAGR of 1.8% from 2026 to 2032.
Global production of gray iron castings is projected to reach 43.2 million tons in 2025, with an average price of $1,048 per ton. Gross profit margins are typically between 10% and 20%.
Gray iron casting is one of the most common cast iron materials. Its characteristic feature is that carbon exists in the form of flake graphite within the iron matrix, resulting in a gray fracture surface, hence its name. It possesses good castability, machinability, and vibration damping properties, and is commonly used in the manufacture of machine tool beds, automobile cylinder blocks, pump housings, etc. It is inexpensive and widely applied.
The upstream of the gray iron casting industry chain mainly consists of pig iron, scrap steel, recycled materials, alloy additives, molding sand and binder materials, and energy. Key upstream factors include chemical composition stability, control of recycled material ratios, and energy cost levels. Fluctuations in raw material and electricity prices significantly impact costs. The downstream sector is the core of demand scale and value concentration, widely used in the automotive and commercial vehicle industries for engine blocks, cylinder heads, brake components, and structural parts, emphasizing vibration damping performance, dimensional stability, and batch consistency. In construction and agricultural machinery, it's used for machine bases, housings, and transmission components, prioritizing wear resistance, casting defect control, and delivery capability. In machine tools and industrial equipment, it's used for beds and frames, relying on good vibration damping and machining performance. In municipal and construction sectors, it's used for pipe fittings, manhole covers, and foundation components, focusing on cost and standard compliance. In general machinery and pumps/valves, it's used for housings and support components, emphasizing cost-effectiveness and reliability. Downstream customers are mostly large-scale manufacturing enterprises with stable but price-sensitive demand. Orders are primarily for long-term supply, making stable quality and delivery capability the core competitive advantages.
Industry trends are characterized by increased applications of high-grade and thin-walled castings, improved strength and consistency through composition control and process optimization, and upgrades to energy-saving, emission-reducing, and automated casting processes. Driving factors primarily stem from the rigid demand from the automotive and equipment manufacturing industries, infrastructure maintenance and upgrades, and the comprehensive advantages of gray iron in vibration reduction and cost. Obstacles include increasingly stringent environmental and energy consumption constraints, price competition due to overcapacity in low-end production, and pressure from replacement by ductile iron or aluminum alloys in the trend towards lightweighting.
LP Information, Inc. (LPI) ' newest research report, the “Grey Iron Casting Industry Forecast” looks at past sales and reviews total world Grey Iron Casting sales in 2025, providing a comprehensive analysis by region and market sector of projected Grey Iron Casting sales for 2026 through 2032. With Grey Iron Casting sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Grey Iron Casting industry.
This Insight Report provides a comprehensive analysis of the global Grey Iron Casting landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Grey Iron Casting portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Grey Iron Casting market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Grey Iron Casting and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Grey Iron Casting.
This report presents a comprehensive overview, market shares, and growth opportunities of Grey Iron Casting market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
HT100（ASTM Class 20）
HT150（ASTM Class 30）
HT200（ASTM Class 35）
HT250（ASTM Class 40）
HT300（ASTM Class 45）
HT350（ASTM Class 50）
Others
Segmentation by Process:
Sand Casting
Metal Mold Casting
Lost Foam Casting (EPC)
Centrifugal Casting
Investment Casting (Lost Wax Casting)
Segmentation by Precision:
±5-10mm
±2-5mm
±0.5-2mm
±0.1-0.5mm
Segmentation by Application:
Automobiles
Construction Machinery
Machine Tools
Building Materials
Agricultural Machinery
Rail Transportation
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Waupaca Foundry
Grede
Metal Technologies
Neenah Foundry
MAT Foundry Group
Brakes India
Tupy
CIFUNSA
Fritz Winter Eisengießerei
Decatur Foundry
Seco Industries
FA Foundry
Dandong Foundry
Willman Industries
C.A. Lawton Co.
Brillion Iron Works
EJ
MEIERGUSS
Fonderie di Montorso
Kirloskar Ferrous Industries
Key Questions Addressed in this Report
What is the 10-year outlook for the global Grey Iron Casting market?
What factors are driving Grey Iron Casting market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Grey Iron Casting market opportunities vary by end market size?
How does Grey Iron Casting break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Global production of gray iron castings is projected to reach 43.2 million tons in 2025, with an average price of $1,048 per ton. Gross profit margins are typically between 10% and 20%.
Gray iron casting is one of the most common cast iron materials. Its characteristic feature is that carbon exists in the form of flake graphite within the iron matrix, resulting in a gray fracture surface, hence its name. It possesses good castability, machinability, and vibration damping properties, and is commonly used in the manufacture of machine tool beds, automobile cylinder blocks, pump housings, etc. It is inexpensive and widely applied.
The upstream of the gray iron casting industry chain mainly consists of pig iron, scrap steel, recycled materials, alloy additives, molding sand and binder materials, and energy. Key upstream factors include chemical composition stability, control of recycled material ratios, and energy cost levels. Fluctuations in raw material and electricity prices significantly impact costs. The downstream sector is the core of demand scale and value concentration, widely used in the automotive and commercial vehicle industries for engine blocks, cylinder heads, brake components, and structural parts, emphasizing vibration damping performance, dimensional stability, and batch consistency. In construction and agricultural machinery, it's used for machine bases, housings, and transmission components, prioritizing wear resistance, casting defect control, and delivery capability. In machine tools and industrial equipment, it's used for beds and frames, relying on good vibration damping and machining performance. In municipal and construction sectors, it's used for pipe fittings, manhole covers, and foundation components, focusing on cost and standard compliance. In general machinery and pumps/valves, it's used for housings and support components, emphasizing cost-effectiveness and reliability. Downstream customers are mostly large-scale manufacturing enterprises with stable but price-sensitive demand. Orders are primarily for long-term supply, making stable quality and delivery capability the core competitive advantages.
Industry trends are characterized by increased applications of high-grade and thin-walled castings, improved strength and consistency through composition control and process optimization, and upgrades to energy-saving, emission-reducing, and automated casting processes. Driving factors primarily stem from the rigid demand from the automotive and equipment manufacturing industries, infrastructure maintenance and upgrades, and the comprehensive advantages of gray iron in vibration reduction and cost. Obstacles include increasingly stringent environmental and energy consumption constraints, price competition due to overcapacity in low-end production, and pressure from replacement by ductile iron or aluminum alloys in the trend towards lightweighting.
LP Information, Inc. (LPI) ' newest research report, the “Grey Iron Casting Industry Forecast” looks at past sales and reviews total world Grey Iron Casting sales in 2025, providing a comprehensive analysis by region and market sector of projected Grey Iron Casting sales for 2026 through 2032. With Grey Iron Casting sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Grey Iron Casting industry.
This Insight Report provides a comprehensive analysis of the global Grey Iron Casting landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Grey Iron Casting portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Grey Iron Casting market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Grey Iron Casting and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Grey Iron Casting.
This report presents a comprehensive overview, market shares, and growth opportunities of Grey Iron Casting market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
HT100（ASTM Class 20）
HT150（ASTM Class 30）
HT200（ASTM Class 35）
HT250（ASTM Class 40）
HT300（ASTM Class 45）
HT350（ASTM Class 50）
Others
Segmentation by Process:
Sand Casting
Metal Mold Casting
Lost Foam Casting (EPC)
Centrifugal Casting
Investment Casting (Lost Wax Casting)
Segmentation by Precision:
±5-10mm
±2-5mm
±0.5-2mm
±0.1-0.5mm
Segmentation by Application:
Automobiles
Construction Machinery
Machine Tools
Building Materials
Agricultural Machinery
Rail Transportation
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Waupaca Foundry
Grede
Metal Technologies
Neenah Foundry
MAT Foundry Group
Brakes India
Tupy
CIFUNSA
Fritz Winter Eisengießerei
Decatur Foundry
Seco Industries
FA Foundry
Dandong Foundry
Willman Industries
C.A. Lawton Co.
Brillion Iron Works
EJ
MEIERGUSS
Fonderie di Montorso
Kirloskar Ferrous Industries
Key Questions Addressed in this Report
What is the 10-year outlook for the global Grey Iron Casting market?
What factors are driving Grey Iron Casting market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Grey Iron Casting market opportunities vary by end market size?
How does Grey Iron Casting break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
139 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Grey Iron Casting by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Grey Iron Casting by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
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