Syndicated Research Studies

Iron Casting Market Growth & Trends The global iron casting market size is expected to reach USD 172.66 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% over the forecast period. The increasing investments in the infrastructure & renewable energy industry are expected to propel the demand for the product. Iron castings are produced by pouring melted cast iron into casts or molds to make products of desired shape and size, via various methods such as sand and investment casting. Different product types available in the market include gray, ductile, and malleable, which are used according to their application requirements. Based on product, gray cast iron held the largest revenue share of the global market in 2021, and this trend is expected to continue across the forecast period. It is preferred owing to the benefits it offers such as abrasive resistance, vibration damping capacity, and better castability than other...

Iron Casting Industry Overview The global iron casting market size was valued at USD 101.17 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.1% from 2022 to 2030. Factors including favorable government policies toward the manufacturing sector and investment in rail infrastructure are anticipated to propel market growth. Owing to the surge in the demand for improved railway connectivity, governments across the globe are investing in rail infrastructure improvement projects. For instance, in October 2021, the French government announced an action plan to double the rail freight by 2030. It is planning to invest EUR 1 billion (USD 1.11 billion) for strengthening the competition among rail freight operators and is expected to further invest EUR 170 million (USD 187.9 million) every year till 2024 for alleviating tracks. Gather more insights about the market drivers, restrains and growth of the Global Iron Casting Market The U.S. holds the largest...