Metal Foundry Products Market is predicted to reach USD 3,70,613 Million at a CAGR of 4.81% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Metal Foundry Products Market”.

The Metal Foundry Products market is estimated to register a CAGR of 4.81% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the Metal Foundry Products market— OMCO INTERNATIONAL, Toyota Industries Corporation, Bakgiyam Engineering (P) Ltd, Nelcast Limited, Morgan Advanced Materials, Asbury Carbons, Viet Nam Cast Iron, Gulf Metal Foundry, Castwis, CALMET, and many more.

Market Highlights

The Global Metal Foundry Products market is accounted for to register a CAGR of 4.81% during the forecast period and is estimated to reach USD 3,70,613 Million by 2032.

The Metal Foundry Products Market refers to the global or regional marketplace where various metal products are manufactured, processed, and supplied through foundry processes. Foundries are industrial facilities that specialize in melting and casting metals into specific shapes and forms, often through processes such as sand casting, investment casting, die casting, and more. These processes involve melting metals such as iron, steel, aluminum, copper, and other alloys, and then pouring the molten metal into molds to create intricate and customized parts, components, or finished products. The growth of the global economy is driving the demand for metal foundry products. As economies grow, there is an increase in investment in infrastructure, construction, and manufacturing, which all require metal foundry products. The automotive and aerospace industries are increasingly demanding lightweight metal castings to improve fuel efficiency and performance. This is driving the growth of the metal foundry products market. Government policies, such as subsidies and tax breaks, can also impact the growth of the metal foundry products market.

Segment Analysis

The Global Metal Foundry Products market has been segmented into Technology, Product Mix, Application and End-Use Industry.

Based on Technology, the Global Metal Foundry Products Market is segmented into: Sand Casting, Gravity Die Casting, Continuous Casting, and Other Casting (Include Investment, and Centrifugal). The Sand-Casting technology segment is expected to dominate the global Metal Foundry Products market during the forecast period. Sand casting is a versatile process that can be used to make a variety of shapes and sizes of castings. It is also a relatively inexpensive process, which makes it a good choice for mass production. Sand casting is used to make a wide variety of metal parts, including Engine blocks and cylinder heads, Pumps and valves, Machinery components, Tools and dies, Structural castings, Architectural castings, Toys, and other consumer products. Advantages of sand casting: It is a versatile process that can be used to make a variety of shapes and sizes of castings, It is a relatively inexpensive process, It is a good choice for mass production, It can be used to cast metals with high melting temperatures, It is a good choice for casting complex shapes.

Based on Product Mix, the Global Metal Foundry Products Market is segmented into: Ferrous, Non-Ferrous. The Ferrous Product Mix segment is expected to dominate the global Metal Foundry Products market during the forecast period. Ferrous metals are those that contain iron. They are the most common type of metal used in metal foundry products. Some of the most common ferrous metals used in metal foundry products include Steel: Steel is an alloy of iron and carbon. It is the most versatile and widely used metal in the world. Steel is used in a wide variety of applications, including construction, automotive, machinery, and appliances. Cast iron: Cast iron is an alloy of iron and carbon with a high carbon content. It is known for its strength and durability. Cast iron is used in a variety of applications, including pipes, valves, and engine blocks. Wrought iron: Wrought iron is an alloy of iron with a low carbon content. It is known for its toughness and flexibility. Wrought iron is used in a variety of applications, including railings, gates, and furniture.

Based on Application, the Global Metal Foundry Products Market is segmented into: Backing Plates, Brake Caliper and Carriers, Brake Disks, Camshaft and Balancing Shafts, Commercial Vehicle Calipers, Differential Case, Pumps, Industrial Hydraulic Housing, Lanchester Balancing System, Wheel Flange, Glass Bottle Mould, Crank Case, Compressor Parts, Agricultural Machine Parts Earthwork Machine Parts, Crusher & Grinder Parts, Tooling and Grinding Products, Other Applications. The Tooling and Grinding Products application segment is expected to dominate the global Metal Foundry Products market during the forecast period. Metal foundries are involved in producing various tooling and grinding products that are essential for a wide range of industries. The growth of the metal tooling and grinding products market is being driven by the increasing demand for metalworking tools and grinding products in various industries, such as automotive, aerospace, and manufacturing. The rising demand for precision machines and the need to improve the efficiency of manufacturing processes are also driving the growth of the market. The automotive industry is the largest end-user of metal tooling and grinding products. The increasing demand for automobiles is driving the growth of the automotive industry, which in turn is driving the demand for metal tooling and grinding products.

By End-Use, the Global Metal Foundry Products Market is segmented into: Automotive, Construction, Industrial, Agriculture, Water Treatment, Aerospace and Defense, Mining, Packaging, Other End-Use. The Automotive end-use segment is expected to dominate the global Metal Foundry Products market during the forecast period. Metal foundry products play a crucial role in the automotive sector, serving diverse end-use applications. From engine blocks and cylinder heads to transmission components and suspension parts, foundry products ensure structural integrity and performance. Engine blocks, crafted from cast iron or aluminum, provide the foundation for power delivery. Cylinder heads, often aluminum castings, house valves and contribute to efficient combustion. Transmission housings, differential cases, and axle components endure heavy loads, demanding robust casting materials. Additionally, suspension components like control arms and knuckles optimize handling and ride comfort.

Regional Analysis

The Global Metal Foundry Products market, based on region, has been divided into North America, Europe, Asia Pacific, and LAMEA. North America consists of US, Canada and Mexico. Europe consists of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific consists of China, India, Japan, Sout Korea, and Rest of Asia-Pacific. LAMEA consists of the Middle East, Latin America, and Africa. Asia-Pacific accounted for the largest market share in 2022 and is expected to register the highest CAGR during the forecast period. This is due to several factors, including: The growing economies of China, India, and South Korea are driving demand for metal foundry products in these countries. The presence of many small and medium-sized foundries in the region is also contributing to the growth of the market. The region is a major exporter of metal foundry products to other parts of the world. In addition, the increasing adoption of advanced technologies in the metal foundry industry is also helping to drive growth in the market in Asia-Pacific region.

North America held the second largest share in the market for Metal Foundry Products and is anticipated to ascend at a revenue based CAGR over the forecast period. The demand for metal foundry products in North America is expected to be met by a combination of increased production and imports. The production of metal foundry products in North America is expected to grow in the coming years, but it is not expected to keep pace with the demand. This means that imports will also play a role in meeting the demand for metal foundry products in North America. The following are some of the major trends that are expected to shape the metal foundry industry in North America in the coming years: The increasing use of automation: Automation is being used in a number of metal foundry processes, such as molding, casting, and finishing. This is leading to increased productivity and efficiency in the metal foundry industry. The increasing use of recycled materials: The use of recycled materials is being promoted by government policies and by the metal foundry industry itself. This is due to the environmental benefits of using recycled materials and the cost savings that can be achieved. The development of new technologies: new technologies are being developed to improve the quality and performance of metal foundry products. These technologies include additive manufacturing, 3D printing, and virtual reality.

The increasing self-reliance programs by European countries, focus towards increasing production locally, and usage of recycling metals are some of the factors driving the market for metal foundry products in the coming years. Increasing self-reliance programs by European countries: The European Union has been working towards increasing its self-reliance in critical industries, such as the automotive and aerospace industries. This has led to increased demand for metal foundry products, as these industries require many metal castings. Focus towards increasing production locally: Many European countries are also focusing on increasing production locally, in order to reduce their reliance on imports. This is also driving the demand for metal foundry products, as local production requires metal castings to be made locally. Usage of recycling metals: The European Union is also promoting the usage of recycled metals. This is because recycled metals are more sustainable than virgin metals. The increased use of recycled metals is also driving the demand for metal foundry products. In addition to these factors, the growth of the construction industry, the rising demand for electric vehicles, and the increasing use of metal castings in 3D printing are also driving the market for metal foundry products in the coming years in Europe.

The demand for metal foundry products in Latin America, Middle East and Africa (LAMEA) is driven by a number of factors, including Growing infrastructure sector: The infrastructure sector in LAMEA is growing rapidly, with investments being made in roads, bridges, railways, and other projects. This is driving demand for metal foundry products, such as steel beams and pipes. Expanding automotive industry: The automotive industry in LAMEA is also expanding, with new plants being built and existing plants being expanded. This is driving demand for metal foundry products, such as engine blocks and cylinder heads. Increasing demand for consumer goods: The demand for consumer goods in LAMEA is also increasing, as the middle class grows, and people have more disposable income. This is driving demand for metal foundry products, such as appliances and furniture. Low labor costs: The labor costs in LAMEA are lower than in other parts of the world, which makes it an attractive destination for metal foundry investment. Government support: Governments in LAMEA are providing support to the metal foundry sector, such as tax breaks and subsidies. This is helping to drive investment and growth in the sector.

Key Findings of the Study

• The Global Metal Foundry Products market is expected to reach USD 3,70,613 Million by 2032, at a CAGR of 4.81% during the forecast period.


• Asia-Pacific holds the largest market share during the forecast period. The growing economies of China, India, and South Korea are driving demand for metal foundry products in these countries. The presence of many small and medium-sized foundries in the region is also contributing to the growth of the market.


• Based on technology, the Sand-Casting technology segment was attributed to holding the largest market in 2022.


• OMCO INTERNATIONAL, Toyota Industries Corporation, Bakgiyam Engineering (P) Ltd, Nelcast Limited, Morgan Advanced Materials, Asbury Carbons, Viet Nam Cast Iron, Gulf Metal Foundry, Castwis, CALMET, and many more, are the key players in the market.


• Based on end-use, the automotive end-use segment held the largest market share in 2022.


• Based on application, the Tooling and Grinding Products application segment held the largest market share in 2022.