Ductile Cast Iron Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Ductile Cast Iron Market By Type (Vertical Molding Ductile Iron and Horizontal Molding Ductile Cast Iron), By Application (Machinery & Equipment, Automotive, Construction, Oil & Gas, Aerospace, and Others), and Geography

 

 

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Report

Description

The global ductile cast iron market is expected to be valued at US$ 2,645.7 Mn in 2020 and growing at a CAGR of 1.67% over the forecast period to reach US$ 2,962.5 Mn by 2027 owing to increasing production of automobile parts in developing economies coupled with the growing manufacturing activities are the major factors driving the growth of the market. Ductile cast iron Market offers various advantages over steel such as can be made for a much lower cost when compared to the steel and has excellent strength to weight ration coupled with superior castability and machinability. Moreover, blast furnaces produces heavy steel ingots as a final result, these ingots are worked cold or hot by mechanical means such as rolling to stamping. Through this procedure it is very expensive to get complex shapes with steel, but easy to get plates, beams, wire, etc., which are generally the final products of steel. However, the castings are so fluid that it is possible to fill molds with the liquid iron itself, making it possible to easily achieve complex shapes. Not surprisingly, even in steel pipe installations, valves or other elements (which are complex shaped bodies) are made of gray cast iron or ductile cast iron.

Ductile Cast Iron Market

MARKET SUMMARY
-
1.67%
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 1.67%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– Europe

Ductile Cast Iron Market

  • Global ductile cast iron market report gives comprehensive outlook on ductile cast iron across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global ductile cast iron market gives historical, current, and future market sizes (US$ Mn) on the basis of type, application, and region.
  • This report studies global ductile cast iron market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global ductile cast iron.
Market Key Players
  • Neenah Foundry
  • Metal Technologies, Inc.
  • Cifunsa
  • Wescast Industries(Bohong)
  • INTAT Precision
  • Chassix
  • Aarrowcast, Inc.
  • Cadillac Casting, Inc.
  • Rochester Metal Products
Drivers and Restrains

Ductile Cast Iron Market

The examination of several aspects that contribute to the market’s growth has been included in the research report. It consists of market trends, restraints, and drivers that have a positive or negative impact on the market. This section also discusses the many sectors and applications that may have an impact on the market in the future. The data is based on current trends as well as historical milestones. This section also includes a breakdown of production volume on the global market and by kind from 2015 to 2027.


Asia-Pacific Got Significant Share

Ductile Cast Iron Market

Asia Pacific contributed highest share of revenue followed by Europe, and North America in global ductile cast iron market. Asia Pacific region is anticipated to grow with a significant CAGR over the forecast years owing to increasing construction activities in the region and the benefits of the ductile cast iron such as the resistance of cast iron admits very high pressure, vary high laying performance, minimizing risk of pipe damage during installation, bigger inner diameter, and allows installation with or without trench. Moreover, slow downward price trend is expected to maintain in future years and the market is mainly driven by regional powerhouses coupled with steady increase in outsourced manufacturing facility/activity. Europe has registered significant market share in the market in is expected to grow with moderate CAGR over the forecast years.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • Global ductile cast iron market expanding at significant CAGR over 2021 to 2027 owing to increasing construction activities and production of automobile parts in developing economies.
  • Based on region, Asia Pacific accounted for larger market revenue share in 2020 and projected gain market revenue share over the forecast period
  • Players focusing on advancements in technology and collaboration strategies to retain market position in global market

Key

Key Features of the Report

Ductile Cast Iron Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Waupaca Foundry
  • American Axle & Manufacturing (AAM)
  • Neenah Foundry
  • Metal Technologies, Inc.
  • Cifunsa
  • Wescast Industries(Bohong)
  • INTAT Precision
  • Chassix
  • Aarrowcast, Inc.
  • Cadillac Casting, Inc.
  • Rochester Metal Products
  • Goldens’Foundry
  • Weichai
  • Georg Fischer
  • Dotson
  • Nelcast
  • Willman Industries
  • Gartland Foundry

Description

The global ductile cast iron market is expected to be valued at US$ 2,645.7 Mn in 2020 and growing at a CAGR of 1.67% over the forecast period to reach US$ 2,962.5 Mn by 2027 owing to increasing production of automobile parts in developing economies coupled with the growing manufacturing activities are the major factors driving the growth of the market. Ductile cast iron Market offers various advantages over steel such as can be made for a much lower cost when compared to the steel and has excellent strength to weight ration coupled with superior castability and machinability. Moreover, blast furnaces produces heavy steel ingots as a final result, these ingots are worked cold or hot by mechanical means such as rolling to stamping. Through this procedure it is very expensive to get complex shapes with steel, but easy to get plates, beams, wire, etc., which are generally the final products of steel. However, the castings are so fluid that it is possible to fill molds with the liquid iron itself, making it possible to easily achieve complex shapes. Not surprisingly, even in steel pipe installations, valves or other elements (which are complex shaped bodies) are made of gray cast iron or ductile cast iron.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX