Cast Iron Market Research Report Information By Application (Automotive, Construction, Industrial Machinery, Plumbing and Heating, Others), By Product Type (Casting, Pipes, Fitting, Others), By Manufacturing Process (Sand Casting, Permanent Mold Casting, Centrifugal Casting, Investment Casting, Others) , By Grade ( Gray Iron, Ductile Iron, Malleable Iron, White Iron, Others) , and By Region (North America, Europe, Asia-Pacific, South America, And Middle East & Africa) –Market Forecast Till 2035

Global Cast Iron Market Overview

Cast Iron Market Size Was Valued at USD 97.85 Billion In 2024. The Global Cast Iron Industry Is Projected to Grow from USD 103.43 Billion In 2025 To USD 179.28 Billion By 2035, Exhibiting A Compound Annual Growth Rate (CAGR) Of 5.655% During the Forecast Period (2025 - 2035).

Growing Demand In Construction & Infrastructure , And Growing Demand From Automotive Industry Is Driving The Cast Iron Market.

As per Analyst at MRFR,” The Cast Iron Market is driven by a complex interplay of factors shaping demand, supply, and competitive strategies across industries. Key dynamics include the growing demand from the construction, automotive, and industrial machinery sectors, driven by cast iron's durability, thermal conductivity, and cost-effectiveness. Additionally, evolving environmental regulations and technological advancements in casting processes are influencing production efficiency and material preferences.”

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Cast Iron Market Trends

                EXPANSION IN RENEWABLE ENERGY

The unprecedented expansion in renewable energy represents a transformative opportunity for the Cast Iron Market, driven by the massive infrastructure requirements of wind and solar installations worldwide. Global renewable energy capacity grew by a record-breaking 15.1% in 2024 to reach 4,448 gigawatts (GW) Renewable energy capacity surged around the world in 2024, with wind and solar leading this surge.

This explosive growth translates directly into increased demand for cast iron components, which are essential structural elements in renewable energy systems, particularly wind turbines where iron or cast iron comprises 5-17% of total turbine mass according to the National Renewable Energy Laboratory.

The wind power sector specifically presents substantial opportunities for cast iron manufacturers, with the wind turbine casting market experiencing robust growth trajectories. This growth is underpinned by the fundamental role cast iron plays in critical wind turbine components, including hubs, nacelle frames, and gearbox housings, where its excellent strength-to-weight ratio and fatigue resistance make it indispensable for equipment designed to operate continuously for over 20 years.

Cast Iron Market Segment Insights

Global Cast Iron By Application Insights

Based on Application, the Cast Iron Market is Segmented into: Automotive, Construction, Industrial Machinery, Plumbing and Heating, Others. The Automotive segments held the largest market share in 2024, and the Automotive segment is the fastest-growing segment during the forecast period (2025 -2035).

Cast iron is widely used in the automotive industry due to its excellent mechanical properties, such as high strength, wear resistance, and good machinability. One of its most common applications is in the manufacturing of engine blocks, where its ability to withstand high temperatures and pressures makes it ideal for housing internal combustion components. 

Additionally, cast iron is used in brake discs and drums, thanks to its excellent thermal conductivity and vibration damping characteristics, which help ensure effective braking performance and durability. The material’s affordability and ease of casting complex shapes also make it a preferred choice for components like cylinder heads, manifolds, and suspension parts, contributing to both the performance and cost-effectiveness of modern vehicles.

Global Cast Iron By Product Type Insights

Based on Product Type, the Cast Iron Market is Segmented into: Casting, Pipes, Fitting, Others. The Casting segment held the largest market in 2024, and the Pipes segment is the fastest growing segment during the forecast period.

Cast iron castings are components produced by pouring molten cast iron into molds where it solidifies into desired shapes. Known for their excellent strength, durability, and wear resistance, cast iron castings are widely used in industries such as automotive, construction, machinery, and plumbing. The material’s high carbon content gives it good compressive strength and makes it ideal for parts subjected to heavy loads and high temperatures. 

Additionally, cast iron’s ability to absorb vibrations and its excellent machinability make it a popular choice for engine blocks, pipes, valves, and various structural parts. The casting process allows for the creation of complex geometries and large-scale components efficiently and cost-effectively.

Figure 1: Cast Iron Market, By Product Type, 2024 & 2035 (USD Billion, Kilotons)

Global Cast Iron By Manufacturing Process Insights

Based on Manufacturing Process, the Cast Iron Market is Segmented into:  Sand Casting, Permanent Mold Casting, Centrifugal Casting, Investment Casting, Others. The Sand-Casting segment held the largest market in 2024, and the Sand-Casting segment is the fastest growing segment during the forecast period.

Sand casting is a widely used manufacturing process for producing cast iron components by pouring molten metal into a sand mold. The process begins by creating a pattern, usually made of wood or metal, which is an exact replica of the final part. This pattern is placed in a molding box and packed with special foundry sand to form the mold cavity.

After the pattern is removed, the cavity retains its shape in the sand. A gating system is then added to allow molten cast iron to flow into the mold. Once the metal is poured and solidified, the sand mold is broken apart to retrieve the casting. Sand casting is favored for its low cost, flexibility in design, and ability to produce complex shapes and large components, making it ideal for manufacturing cast iron parts like engine blocks, pipes, and machine bases.

Global Cast Iron By Grade Insights

Based on Grade, the Cast Iron Market is Segmented into: Gray Iron, Ductile Iron, Malleable Iron, White Iron, Others. The Gray Iron segment held the largest market in 2024 and Gray Iron segment during the forecast period.

Gray iron, also known as gray cast iron, is a widely used type of cast iron characterized by its gray-coloured fracture surface, which results from the presence of graphite flakes in its microstructure. These graphite flakes give gray iron excellent vibration damping properties and good machinability, making it a popular choice for components such as engine blocks, machine tool bases, and pipe fittings. Although it has relatively low tensile strength and ductility compared to other types of cast iron, its compressive strength is high, and it offers good wear resistance.

The material is also relatively inexpensive to produce, which contributes to its widespread use in a variety of industrial and engineering applications.

Global Cast Iron Regional Insights   

Based on Region, the Cast Iron Market is Segmented into: North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia Pacific accounted for the largest market share in 2024 and is anticipated to reach USD 41.89 Billion by 2035. Asia Pacific is projected to grow at the highest CAGR of 5.871% during the forecast period.

The Asia Pacific cast iron sector is one of the fastest-growing and most dynamic markets globally, driven by rapid industrialization, urbanization, and expanding infrastructure projects across countries like China, India, Japan, and South Korea. This region benefits from a large and cost-competitive labor force, abundant raw material availability, and significant investments in modern foundry technologies. 

The sector caters to diverse industries, including automotive, construction, machinery, and energy, with a growing emphasis on improving product quality and adopting environmentally sustainable practices. While the market faces challenges such as regulatory pressures and fluctuating demand, the Asia Pacific cast iron industry continues to expand due to rising domestic consumption, export opportunities, and ongoing government support for manufacturing growth and technological innovation.

Figure 2: Cast Iron Market, By Region, 2024 & 2035 (USD Billion, Kilotons)

Further, the major countries studied in the market report are the U.S., Canada, Mexico, Germany, UK, France, Russia, Italy, Spain, Rest of Europe, China, India, Japan, South Korea, Malaysia,  Thailand, Indonesia, Rest of Asia Pacific , Brazil, Argentines , GCC Countries, South Africa, Rest of Middle East & Africa .

Global Cast Iron Key Market Players & Competitive Insight

Many global, regional, and local vendors characterize the Cast Iron Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.

The major players in the market include JS Auto Cast, American Cast Iron Pipe Company, Govind Steel Company Limited, Jianzhi, ELECTROSTEEL Castings Limited, Gf Piping Systems, MCWANE, Kubota Corporation, Teksid, Charlotte Pipe and Foundry, And Among Others. The Cast Iron Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.

Key Companies in the Cast Iron Market include.

• JS Auto Cast
• American Cast Iron Pipe Company
• Govind Steel Company Limited
• Jianzhi
• ELECTROSTEEL Castings Limited
• Gf Piping Systems
• MCWANE
• Kubota Corporation
• Teksid
• Charlotte Pipe and Foundry

Cast Iron Market Segmentation

Cast Iron Market By Application Outlook (USD Billion, Kilotons Units2019-2035)

• Automotive
• Construction
• Industrial Machinery
• Plumbing and Heating
• Others

Cast Iron Market By Product Type Outlook (USD Billion, Kilotons Units, 2019-2035)

• Casting
• Pipes
• Fitting
• Others

Cast Iron Market By Manufacturing Process Outlook (USD Billion, Kilotons Units, 2019-2035)

• Sand Casting
• Permanent Mold Casting
• Centrifugal Casting
• Investment Casting
• Others

Cast Iron Market By Grade Outlook (USD Billion, Kilotons Units, 2019-2035)

• Gray Iron
• Ductile Iron
• Malleable Iron
• White Iron
• Others

Global Cast Iron Regional Outlook

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Malaysia
  • Thailand
  • Indonesia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Report Attribute/Metric	Details
Market Size 2024	USD 97.85 BILLION
Market Size 2025	USD 103.43 BILLION
Market Size 2035	USD 179.28 BILLION
Compound Annual Growth Rate (CAGR)	5.655% (2025-2035)
Base Year	2024
Market Forecast Period	2025-2035
Historical Data	2019- 2023
Market Forecast Units	Value (USD Billion, Kilotons)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Application, By Product Type, By Manufacturing Process, By Grade
Geographies Covered	North America, Europe, Asia-Pacific, South America, Middle East & Africa.
Countries Covered	the U.S., Canada, Mexico, Germany, UK, France, Russia, Italy, Spain, Rest of Europe, China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of Asia Pacific, Brazil, Argentines, GCC Countries, South Africa, Rest of Middle East & Africa.
Key Companies Profiled	JS Auto Cast, American Cast Iron Pipe Company, Govind Steel Company Limited, Jianzhi, ELECTROSTEEL Castings Limited, Gf Piping Systems, MCWANE, Kubota Corporation, Teksid, Charlotte Pipe and Foundry, And Among Others
Key Market Opportunities	·         Growing Demand in Construction & Infrastructure ·         Growing Demand from Automotive Industry
Key Market Dynamics	·         Expansion In Renewable Energy