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PUBLISHER: Grand View Research | PRODUCT CODE: 1224549
PUBLISHER: Grand View Research | PRODUCT CODE: 1224549
North America Iron Casting Market Size, Share & Trends Analysis Report By Product (Gray, Ductile), By Application (Automotive, Railways), By Region, And Segment Forecasts, 2022 - 2030
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PAGES: 100 Pages
DELIVERY TIME: 2-10 business days
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North America Iron Casting Market Growth & Trends:
The North America iron casting market size is expected to reach USD 24.89 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5% from 2023 to 2030. The increasing number of projects related to sanitization, sewage, and wastewater treatment being carried out in North America is expected to fuel the demand for iron casting in the region in the coming years.
For instance, in July 2022, the governments of Canada and Nunavut announced an investment for the development of wastewater and water treatment plants in Nunavut. The Government of Canada is anticipated to invest approximately CAD 2.7 million (~USD 1.96 million) and the Government of Nunavut is providing approximately CAD 925,000 (~USD 671,082) for the development of these plants.
Based on product, the market is segmented into gray, ductile, and malleable. Ductile cast iron, also known as nodular iron or spherical graphite iron, has a composition similar to gray cast iron, with graphite particles precipitated in spherical form rather than in flake form. Unlike graphite flakes, there is no crack-like network created by the spherical graphite particles, which results in higher toughness and strength of ductile compared to gray cast iron.
Based on application, power generation is anticipated to register a growth rate of 6.2%, in terms of revenue, over the forecast period. Growing investments in renewable energy for power generation are anticipated to augment the demand for iron castings in the segment. For instance, in October 2021, the U.S. government decided to invest in expanding offshore wind energy. The wind farm is part of the government's plan to generate 30 gigawatts of wind power by 2030.
The North America iron casting market is highly competitive in nature. Mergers & acquisitions and capacity expansions are the key strategic initiatives adopted by the major players of the industry to stay ahead of the competition. For instance, in July 2022, Charlotte Pipe and Foundry Co. acquired Neenah Enterprises Inc. The acquisition is expected to help Charlotte Pipe and Foundry Co. to form a wide-ranging network of production and distribution of iron castings for infrastructure and construction projects.
North America Iron Casting Market Report Highlights:
- Based on product, gray cast iron accounted for a volume share of over 62.0% in the year 2021 in the market. It is a commonly used material for developing products in various applications such as automotive, machinery & tools, and pipes, owing to its high compressive strength and good damping capacity
- Based on application, the pipes and fittings segment is expected to grow at a CAGR of 5.3%, in terms of revenue, from 2022 to 2030. Rising investments in various countries towards upgradation in infrastructure related to sanitization, sewage, and wastewater treatment are propelling segment growth
- The railways segment is expected to register a CAGR of 4.7% in terms of revenue across the forecast period. Iron castings find use in bearing adapters, rail tracks, suspensions, track connection plates, etc. Rising investments in the industry are anticipated to further augment segment growth over the coming years
- Based on region, the U.S. is expected to register a CAGR of 4.4%, in terms of volume, over the forecast period. Increasing investments in the construction & infrastructure industry and rising demand for renewables are driving the market growth
Product Code: GVR-4-68040-023-7
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Research Methodology
- 1.4. Research Scope and Assumptions
- 1.5. Information Procurement
- 1.5.1. Purchased database
- 1.5.2. GVR's Internal Database
- 1.5.3. Secondary Sources
- 1.5.4. Third Party Perspective
- 1.5.5. Primary Research
- 1.6. Information Analysis
- 1.6.1. Data Analysis Models
- 1.7. Market Formulation and Data Visualization
- 1.8. Data Validation and Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Global Iron Casting Market Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.3.1. Raw Material Trends
- 3.3.2. Manufacturing Process
- 3.3.3. Sales Channel Analysis
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.6. Industry Analysis- Porter's
- 3.7. PESTEL Analysis
Chapter 4. North America Iron Casting Market: Product Estimates & Trend Analysis
- 4.1. Definition & Scope
- 4.2. Product Movement Analysis & Market Share, 2021 & 2030
- 4.3. Gray Cast Iron
- 4.3.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 4.4. Ductile Cast Iron
- 4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 4.5. Malleable Cast Iron
- 4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
Chapter 5. North America Iron Casting Market: Application Estimates & Trend Analysis
- 5.1. Definition & Scope
- 5.2. Application Movement Analysis & Market Share, 2021 & 2030
- 5.3. Automotive
- 5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 5.4. Machinery & Tools
- 5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 5.5. Pipes & Fittings
- 5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 5.6. Railways
- 5.6.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 5.7. Power Generation
- 5.7.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 5.8. Others
- 5.8.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
Chapter 6. North America Iron Casting Market: Regional Estimates & Trend Analysis
- 6.1. Definition & Scope
- 6.2. Regional Movement Analysis & Market Share, 2021 & 2030
- 6.3. North America
- 6.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.2. Market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.3. Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons
- 6.3.4. U.S.
- 6.3.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.4.2. Market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.4.3. Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.5. Canada
- 6.3.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.5.2. Market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.5.3. Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.6. Mexico
- 6.3.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.6.2. Market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.6.3. Market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
Chapter 7. Competitive Analysis
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Vendor Landscape
- 7.3.1. List of Raw Material Suppliers, Distributors, and Other Prominent Manufacturers
- 7.3.2. List of Prospective End-Users-1
- 7.3.3. List of Prospective End-Users-2
Chapter 8. North America Iron Casting Market: Company Profiles
- 8.1. Cadillac Casting Inc.
- 8.1.1. Company Overview
- 8.1.2. Product Benchmarking
- 8.2. CALMET
- 8.2.1. Company Overview
- 8.2.2. Product Benchmarking
- 8.3. Decatur Foundry
- 8.3.1. Company Overview
- 8.3.2. Product Benchmarking
- 8.4. Fusium
- 8.4.1. Company Overview
- 8.4.2. Product Benchmarking
- 8.5. Groupo Industrial Saltillo (GIS)
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Strategic Initiatives
- 8.6. Hitachi Metals, Ltd
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.7. GREDE
- 8.7.1. Company Overview
- 8.7.2. Product Benchmarking
- 8.8. Lemfco, Inc,
- 8.8.1. Company Overview
- 8.8.2. Product Benchmarking
- 8.9. OSCO Industries, Inc.
- 8.9.1. Company Overview
- 8.9.2. Product Benchmarking
- 8.10. Metal Technologies, Inc
- 8.10.1. Company Overview
- 8.10.2. Product Benchmarking
- 8.11. Neenah Foundry
- 8.11.1. Company Overview
- 8.11.2. Product Benchmarking
- 8.12. US Castings
- 8.12.1. Company Overview
- 8.12.2. Product Benchmarking
- 8.13. WAUPACA FOUNDRY, INC
- 8.13.1. Company Overview
- 8.13.2. Product Benchmarking
- 8.14. Alloy Castings Industries Ltd.
- 8.14.1. Company Overview
- 8.14.2. Product Benchmarking
Product Code: GVR-4-68040-023-7
List of Tables
- Table 1 Iron casting market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- Table 2 Iron casting VS Aluminum casting
- Table 3 North America iron casting market estimates and forecasts, by gray cast iron, 2017 - 2030 (USD Million) (Kilotons)
- Table 4 North America iron casting market estimates and forecasts, by ductile cast iron, 2017 - 2030 (USD Million) (Kilotons)
- Table 5 North America iron casting market estimates and forecasts, by malleable cast iron, 2017 - 2030 (USD Million) (Kilotons)
- Table 6 North America iron casting market estimates and forecasts, by automotive, 2017 - 2030 (USD Million) (Kilotons)
- Table 7 North America iron casting market estimates and forecasts, by machinery & tools, 2017 - 2030 (USD Million) (Kilotons)
- Table 8 North America iron casting market estimates and forecasts, by pipes & fittings, 2017 - 2030 (USD Million) (Kilotons)
- Table 9 North America iron casting market estimates and forecasts, by railways, 2017 - 2030 (USD Million) (Kilotons)
- Table 10 North America iron casting market estimates and forecasts, by power generation, 2017 - 2030 (USD Million) (Kilotons)
- Table 11 North America iron casting market estimates and forecasts, by other applications, 2017 - 2030 (USD Million) (Kilotons)
- Table 12 North America iron casting market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- Table 13 North America iron casting market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 14 North America iron casting market estimates and forecasts, by product, 2017 - 2030 (Kilotons)
- Table 15 North America iron casting market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- Table 16 North America iron casting market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
- Table 17 U.S. iron casting market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- Table 18 U.S. iron casting market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 19 U.S. iron casting market estimates and forecasts, by product, 2017 - 2030) (Kilotons)
- Table 20 U.S. iron casting market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- Table 21 U.S. iron casting market estimates and forecasts, by application 2017 - 2030) (Kilotons)
- Table 22 Canada iron casting market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- Table 23 Canada North America iron casting market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 24 Canada iron casting market estimates and forecasts, by product, 2017 - 2030 (Kilotons)
- Table 25 Canada iron casting market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- Table 26 Canada iron casting market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
- Table 27 Mexico iron casting market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
- Table 28 Mexico iron casting market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- Table 29 Mexico iron casting market estimates and forecasts, by product, 2017 - 2030 (Kilotons)
- Table 30 Mexico iron casting market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- Table 31 Mexico iron casting market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research process
- Fig. 5 Primary research approaches
- Fig. 6 Market snapshot
- Fig. 7 Segment outlook
- Fig. 8 Penetration & growth prospect mapping
- Fig. 9 Value chain analysis
- Fig. 10 Market dynamics
- Fig. 11 Market driver analysis
- Fig. 12 Market restraint analysis
- Fig. 13 North America iron casting market: Product movement analysis, 2021 & 2030 (%)
- Fig. 14 North America iron casting market: Application movement analysis, 2021 & 2030 (%)
- Fig. 15 North America market: Regional movement analysis, 2021 & 2030 (%)
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