Global Ductile Cast Iron Market Growth 2023-2029

Global Ductile Cast Iron Market Growth 2023-2029

Product Code:457043

Published Date: Feb 08,2023

Pages: 127

Region: Global

Category: Chemical & Material

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Ductile Iron is a type of cast iron known for its impact and fatigue resistance, elongation, and wear resistance due to the spherical (round) graphite structures in the metal. Ductile Iron is also called ductile cast iron, spheroidal graphite cast iron, or nodular cast iron.

Ductile iron castings are very strong compared to regular cast iron (gray iron).  The tensile strength of cast iron is 20,000 – 60,000 psi while ductile iron starts at 60,000 psi and can go to 120,000 psi.  The yield strength for ductile iron is generally 40,000 – 90,000 psi but the yield strength of cast iron is so low it is considered not measurable.

Ductile iron is great for use where you need strong metal with wear resistance. Here is a sample list of things made from or contain ductile iron: Pipe and pipe fittings, Axles, Connecting rods (like in engines), Crankshafts, Cylinders, Disc brake calipers, Gears and Gear Boxes, etc.

LPI (LP Information)' newest research report, the “Ductile Cast Iron Industry Forecast” looks at past sales and reviews total world Ductile Cast Iron sales in 2022, providing a comprehensive analysis by region and market sector of projected Ductile Cast Iron sales for 2023 through 2029. With Ductile Cast Iron sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ductile Cast Iron industry.

This Insight Report provides a comprehensive analysis of the global Ductile Cast Iron 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 Ductile Cast Iron portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Ductile Cast Iron market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ductile Cast Iron 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 Ductile Cast Iron.

The global Ductile Cast Iron market size is projected to grow from US$ 28510 million in 2022 to US$ 36590 million in 2029; it is expected to grow at a CAGR of 36590 from 2023 to 2029.

The major players in global Ductile Cast Iron market include Waupaca Foundry, American Axle & Manufacturing (AAM), Georg Fischer, etc. The top 3 players occupy about 35% shares of the global market. North America and China are main markets, they occupy about 70% of the global market. Vertical Molding is the main type, with a share about 65%. Automotive is the main application, which holds a share about 30%.

This report presents a comprehensive overview, market shares, and growth opportunities of Ductile Cast Iron market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Vertical Molding
    Horizontal Molding

Segmentation by application
    Machinery & Equipment
    Automotive
    Construction
    Oil and Gas
    Aerospace
    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 analyzing the company's coverage, product portfolio, its market penetration.
    Hitachi Metals
    Grede Foundry
    Wescast Industries
    Draxton
    Tianjin New Wei San Industrial
    Aludyne
    Metal Technologies, Inc.
    MAT Foundry
    Castings PLC
    Weichai Power (Weifang) Casting
    FAW Foundry Co., Ltd.
    Georg Fischer
    Huaxiang Group
    ACO Eurobar
    INTAT Precision
    Meide Group
    Neenah Foundry
    Silbitz Group
    Goldens’Foundry
    Rochester Metal Products
    Kutno
    Denizciler
    Aarrowcast, Inc.
    Willman Industries

Key Questions Addressed in this Report
What is the 10-year outlook for the global Ductile Cast Iron market?
What factors are driving Ductile Cast Iron market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Ductile Cast Iron market opportunities vary by end market size?
How does Ductile Cast Iron break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?