High demand for cast iron in the automotive industry is projected to fuel the growth of the global foundry coke market at a CAGR of 4.73% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Foundry Coke Market” that contains information from 2018 to 2032. 

The Global Foundry Coke Market is estimated to register a CAGR of 4.73% during the forecast period of 2024 to 2032.

As per Market Research Future (MRFR) analysis the following companies as the key players in the Global Foundry Coke Market—WZK Victoria SA, OKK Koksovny, a.s., Italiana Coke s.r.l., Quimica del Nalon, GR Resource Ltd, Hickman, Williams & Company, Nippon Coke & Engineering. Co., Ltd, Drummond Company, Inc., Marut Enterprises and Sesa Goa Iron Ore among other key players.

Market Highlights

The Global Foundry Coke Market is projected to grow at a CAGR of 4.73% in the forecast period, and the market is expected to reach USD 3614.07 million by 2032.

The automotive industry has witnessed a strong revival of demand for cast iron components-a trend closely associated with the foundry coke market. Its ability to adopt excellent casting properties, durability, and withstanding very high temperatures has resulted in its preference in several automotive applications such as engine blocks, cylinder heads, and brake components. This increased demand is because of many reasons, one being technological advancement in automotive technology; others involve sustainability and changed consumer behaviour. The leading cause of increased use of cast iron in the automobile industry is internal combustion engines that are still being advanced upon. Internal combustion engines remain the most opted majorities for most markets; however, the trend is gradually changing to electric cars. The high thermal stability with excellent heat dissipation capabilities makes it the best for all engine parts, which are required to be both strength and reliable. With advances toward increasing the efficiency and performance of the engine, the need for parts of the kind described above is only increasing, and cast iron leads them all.

Increasingly, within the automotive industry, it is a trend toward lighter vehicles with better fuel efficiency and reduced emissions. This has led to innovations in cast iron alloys that maintain strength while decreasing weight to the minimum. Advanced materials like ductile iron and gray iron have emerged, which enable manufacturers to make lighter yet strong components. This is very crucial because this allows automakers to meet very stringent emission regulations within a delicate balance between performance and weight consideration. In addition, while electric vehicles are going to replace cast iron in the automobile industry very soon, replacement is not intended to be an absolute replacement of cast iron. While EVs have a different structure and material requirement than regular vehicles, battery casings, structural parts, and many more things will continue to be made from cast iron because of their durability and impact resistance. As demand for EV is continuously rising, the requirement for quality cast iron products is relevant and still pertinent but in different applications.

Sustainability and recyclability are the largest drivers in the auto industry, another strong need for cast iron. Cast iron is 100% recyclable, a perfect factor to best align with the company's efforts in sustainability. As this industry continues to focus on principles of a circular economy, car manufacturers will be looking for ways to begin to utilize recycled materials throughout the production process. Foundry coke will remain an important raw material in the cast iron-making process as it provides the fuel that allows for the recycling of scrap iron and other ferrous materials. As such, it will remain an important fuel in the production of quality cast iron products as foundries lead the way in the production and application of their high-quality products.

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Segment Analysis

Based on type, global foundry coke market is categorized into Ash Content < 8%, 8% < Ash Content < 10%, and 10% < Ash Content. In 2023, the ash content < 8% segment accounted for 47.34% of the market revenue share. This segment is projected to maintain a Compound Annual Growth Rate (CAGR) of 5.13% in the forecast period. The foundry coke with less than 8% ash content leaves less residue upon combustion, which in turn lowers the cost of waste management by the manufacturer. Low ash content coke is also very beneficial for the environment, as the coke with less ash content produces less pollution upon burning. This type of foundry coke is relatively expensive as compared to the other two types. The developed countries with stringent regulatory standards generally use this type of coke. Foundry coke with a high ash content can dilute molten metals. It is likely to add to the potential defects in the final product. Low-ash coke, on the other hand, allows for better combustion efficiency and temperature control in a blast furnace. This aids in maintaining chemical composition within the desirable limit of molten iron, hence improving the quality of steel or iron produced. Lower ash content also improves the process by eliminating the need for additional fluxes to correct impurities. This results in cost savings during production. Therefore, ash content less than 8% in foundry coke is desired for high-quality metal.

Based on carbon type, global foundry coke market is categorized into Metallurgical Coke, Petroleum Coke, Pitch Coke, Anthracite Coke, and Others. In 2023, the metallurgical coke segment dominated the market accounting for 73.73% of the market revenue share. This segment is projected to maintain a Compound Annual Growth Rate (CAGR) of 4.81% in the forecast period. Metallurgical coke is the backbone in the industry producing foundry coke. Essentially, it is a fuel and reducing agent in most metal-making processes. Its composition with high carbon, low levels of sulfur, and distinct physical properties makes it a suitable reductant in the smelting process of iron ore into liquid iron within the blast furnaces. In a foundry, metallurgical coke supplies the heat and chemical reaction necessary to transform raw materials into castings. Coke structure allows for efficient airflow, ensuring that combustion is optimal and the temperature well-controlled in the production of high-grade metal products. Additionally, its porosity facilitates the stripping of impurities from the molten metal and makes the castings better as a whole in quality and integrity as well. The quality of metallurgical coke impacts the result of coke quality at the melting stage and properties of the final cast iron product directly, therefore it is one of the essential components in the foundry industry.

Based on metal smelting type, the global foundry coke market is categorized into Iron Smelting, Non-Ferrous Metal Smelting, Ferrous and Non-Ferrous Alloy Smelting, and Steel Smelting. In 2023, the iron smelting segment dominated the market with a significant market revenue share of 41.27%. Iron smelting is an important process in the foundry industry, which converts iron ore to molten iron, with coke from the foundry as the primary fuel. Upon smelting, foundry coke provides the needed heat and carbon to reduce iron oxides within the ore. The high temperatures that are created by burning coke enable the process that converts iron ore into cast iron. This way, foundry coke does not only burn as fuel but also acts as a reducing agent in driving out impurities. It has pores that enhance airflow within the furnace, making it burn well and distribute the heat evenly. This will ensure the melting temperatures are as desired, and the quality of the casting also depends on the quality of the molten iron from the smelting process. Carbon content from coke imparts desirable properties to cast irons such as strength and machinability. Further, effective smelting impacts the overall foundry efficiency, so iron smelting plays a strategic role in the foundry coke industry; it is absolutely required to make good-quality castings of iron used in different applications.

Based on application, the global foundry coke market is categorized into Machinery Casting, Automotive Parts Casting, Insulation, Material Treatment, and Others. In 2023, the automotive parts casting segment dominated the market with a significant market revenue share of 50.60%. Foundry coke is used to melt iron in the cupola furnace of iron foundries. The resulting iron is then used to produce cast iron of various shapes, sizes, and geometries. The cast iron finds vast application in the automotive industry to form automotive casting components such as engine parts, suspension, brakes, crankshaft, steering, gears, and bushings. The expansion of the automotive industry worldwide due to growing per-capita income, increasing consumer purchasing power, changing lifestyles, and growing economies are contributing to the demand for cast iron automotive components, thus driving the global foundry coke market. The adoption of electric vehicles in the coming years is also likely to boost the growth of the product market to some extent during the forecast period. In automotive parts casting, foundry coke contributes to the ultimate quality of the castings by ensuring consistent temperature control and chemical composition. Its role as a reducing agent helps remove unwanted elements and maintain the desired properties of the alloy. By delivering reliable performance in the furnace, foundry coke ensures that automotive components have the necessary strength, durability, and precision required for high-performance applications. This leads to improved part integrity and reduced defects in the final products.

Regional Analysis

By Region, the global foundry coke market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In 2023, the Asia-Pacific region emerged as the dominant force in the global market, holding a substantial market revenue share of 41.99%. Foundry coke in Asia-Pacific is a growth market through rapid increases in demand for cast iron in various industries like automotive, construction, and machinery manufacturing. The main contributors to this market are China, India, and Japan. However, most of this foundry coke is sourced from China as it remains the world's largest producer and consumer of the material, greatly fueled by its burgeoning iron and steel industry. As the urbanization and industrialization in these countries are increasing rapidly, there has been an intense demand for high-quality castings, which again has increased the demand for foundry coke. Rising infrastructural projects across the region increase the need for enduring cast iron parts, contributing further towards market growth. Moreover, advancement in production technology as well as stringent environmental norms are shaping market trends. Fewer low-sulfur and high-strength foundry coke production lines are assembled by manufacturers due to quality standards and less emission.

Key Findings of the Study

• The global foundry coke market is expected to reach 3614.07 million by 2032, at a CAGR of 4.73% during the forecast period.


• The Asia Pacific region accounted for the largest market revenue share of 41.99% in 2023.


• Based on type, the ash content < 8% segment dominated the global market with the largest revenue share of 47.34% in 2023.


• Based on carbon type, the metallurgical coke segment dominated the global market with the largest revenue share of 43.25% in 2023.


• Based on the metal smelting type, the iron smelting segment dominated the market with the largest market revenue share of 41.27% in 2023.


• Based on the application, the automotive segment dominated the market with the largest market revenue share of 50.60% in 2023.


• The global foundry coke market key players include WZK Victoria SA, OKK Koksovny, a.s. , Italiana Coke s.r.l., Quimica del Nalon, GR Resource Ltd, Hickman, Williams & Company, Nippon Coke & Engineering. Co., Ltd, Drummond Company, Inc., Marut Enterprises and Sesa Goa Iron Ore among others