Metal Foundry Products Market Research Report by Technology (Sand Casting, Gravity Die Casting, Continuous Casting), by Product Mix (Ferrous, Non-Ferrous), by Application (Backing Plates, Brake Caliper and Carriers, Brake Disks, Camshaft and Balancing Sha

The global metal foundry products market is anticipated to hit USD 370,613 million by 2032, expanding at a CAGR of 4.81%. Metal foundry products are manufactured goods created by shaping molten metals in foundries. They play a vital role in various sectors such as construction, energy, automotive, and heavy engineering, offering precision parts with long-lasting performance.

The escalating requirement of electric vehicles is one of the direct factors that are pushing metal world markets to new records all over the world. The metal casting is very crucial for EV parts, for example, battery cases, power electronics, exhaust system, and structural assemblies, from the point of view of longevity, heat resistance, and electrical conductivity. While China bridges this growth with a 42% increase in rate, the U.S., Europe, Japan, South Korea, and India are also showing strong momentum with their substantial growth.

Key Company Development
Morgan Advanced Materials was awarded the Silver EcoVadis Medal in 2022, a prize that celebrates improvements in environment, labor & human rights, ethics, and procurement, thus positioning the company in the top 25% worldwide. In the year 2019, Morgan Molten Metal Systems introduced VAluStar™, a new technology for the metal melting process, which is the most suitable one for aluminum. VAluStar™ has been made with the combination of high-density clay-bonded materials and state-of-the-art glazes and thus provides the users with extreme durability and oxidation resistance.

Major Competitors
Key competitors in the global metal foundry products market are OMCO INTERNATIONAL, Toyota Motor Corp, Bakgiyam Engineering (P) Ltd., Nelcast Limited, Morgan Advanced Materials, Asbury Carbons, Viet Nam Cast Iron, Gulf Metal Foundry, Castwise, and CALMET.

Report Attribute
• Market Size 2022: USD 2,31,095 Million
• Market Size 2032: USD 3,70,613 Million
• CAGR (2023-2032): 4.81%
• Base Year: 2025
• Market Forecast Period: 2023-2032

Market Segmentation Insights
• By Technology: Sand Casting - 4.93%, Gravity Die Casting - 4.43%.
• By Product Mix: Ferrous - 4.69%, Non-Ferrous - 5.05%.
• By Application: Backing Plates - 4.14%, Brake Caliper and Carriers - 4.25%.
• By End-Use Industry: Construction and General Engine – 4.63%, Automotive - 4.49%.

Regional Perspectives
The North American metal foundry products market will gain significant relief from demand generated by the automotive, construction, and defense industries. The turn to EV functions as the most important growth factor, bringing the needs of the industry for battery casings, lightweight components, and durable castings to the fore. The U.S. dominated the North American market in 2023 with USD 44,092 million, supported by Canada’s substantial USD 14,745 million contribution.
The European market is shaped by production criteria coming from within the continent and a move towards green business. The policies of recycling and energy efficiency are founding the production strategies of factories. France emerged as the largest consumer in Europe with USD 12,001 million, outpacing Germany at USD 8,845 million and the UK at USD 6,060 million.
The Asia-Pacific area is the biggest holder of the global market, a fact that is backed by the presence of large-scale foundry clusters and high export volumes. The production is led by China, whereas India and South Korea are gradually turning into important contributors. Asia-Pacific retained its dominance, led by China’s USD 38,159 million, India’s rapid growth at USD 20,925 million, and Japan’s stable demand.
In LAMEA, rising middle-class consumption, infrastructure expansion, and industrial investments are fueling market growth. Automotive and heavy equipment industries are increasingly relying on locally sourced castings. The region’s competitive labor costs give it a strategic advantage in global supply chains. Government-backed initiatives and foreign investments are expected to accelerate the modernization of the foundry industry. Show more