Get the latest insights on price movement and trend analysis of Grey Cast Iron in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Grey Cast Iron Price Change in July 2025? The Grey Cast Iron Price Index in the USA increased by 9.9% quarter-over-quarter in Q2 2025. The rise was attributed to strong automotive demand and buyer anticipation of tariff impacts, which encouraged forward buying.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Other Gray and Ductile Iron Castings (WPU101504) from Dec 1980 to Jun 2025 about iron, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Commodity: Metals and Metal Products: Ductile Iron Castings for All Other Uses was 142.08800 Index Jun 2012=100 in September of 2023, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Ductile Iron Castings for All Other Uses reached a record high of 143.34400 in June of 2023 and a record low of 99.80000 in July of 2012. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Ductile Iron Castings for All Other Uses - last updated from the United States Federal Reserve on August of 2025.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Cast Iron Scrap (WPU101213) from Dec 1986 to Jun 2025 about iron, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Gray Cast Iron Market Outlook

As of 2023, the global gray cast iron market size is valued at approximately USD 20 billion, with projections to reach around USD 28 billion by 2032, growing at a CAGR of 3.8% from 2024 to 2032. The growth of the gray cast iron market is primarily driven by its wide-ranging applications across various industries, including automotive, construction, and manufacturing. The material's inherent properties such as excellent machinability, vibration damping, and thermal conductivity have made it a preferred choice for numerous applications. Additionally, the increasing demand for durable and cost-effective materials in emerging economies further accelerates the expansion of the market.

One of the key growth factors for the gray cast iron market is the resurgence of the automotive sector, which remains one of the largest consumers of gray cast iron products. The automotive industry extensively uses gray cast iron for its high strength and resistance to wear, particularly in engine blocks and brake components. With the global push towards electric vehicles and hybrid models, thereÂ’s an increased demand for lightweight yet durable materials. Gray cast iron offers a balance of cost-effectiveness and performance, making it an attractive option for automotive manufacturers looking to optimize production costs while maintaining quality standards. Furthermore, the expansion of infrastructure projects worldwide, particularly in developing regions, is driving the demand for gray cast iron in construction applications.

The construction sector is another significant contributor to the growth of the gray cast iron market. The material is widely used in the manufacturing of pipes and fittings due to its excellent corrosion resistance and structural integrity. With urbanization and industrialization trends in full swing, the demand for robust and long-lasting materials for building infrastructures, such as bridges, roads, and residential complexes, is on the rise. Gray cast iron's ability to withstand harsh environmental conditions without significant degradation makes it an ideal material for such applications. Moreover, the ongoing innovations in casting techniques and alloy compositions are expected to enhance the properties of gray cast iron, further boosting its applicability in various construction projects.

Regional outlook indicates that Asia Pacific is expected to dominate the gray cast iron market, attributed to the booming automotive and construction industries in countries like China and India. North America and Europe are also significant markets, driven by the presence of established automotive and machinery manufacturers. Meanwhile, Latin America and the Middle East & Africa are likely to see moderate growth due to increasing infrastructure development and industrialization. The focus on energy-efficient and sustainable materials, along with government policies supporting industrial growth, is anticipated to create opportunities in these regions. However, environmental regulations and the shift towards alternative materials could pose challenges to market growth.

The use of Anti-wear Cast Iron is gaining traction in various industrial applications due to its enhanced durability and resistance to wear and tear. This type of cast iron is particularly beneficial in environments where machinery and components are subjected to high levels of friction and stress. By incorporating anti-wear properties, manufacturers can significantly extend the lifespan of their products, reducing maintenance costs and downtime. This is especially relevant in sectors such as automotive and heavy machinery, where reliability and performance are critical. The development of advanced anti-wear cast iron alloys is expected to further drive its adoption, offering improved performance characteristics that meet the evolving demands of modern industries.

Product Type Analysis

The gray cast iron market is segmented into three main product types: flake graphite, nodular graphite, and compacted graphite. Flake graphite, also known as lamellar or grey iron, is the most widely used type due to its excellent thermal conductivity and vibration damping capacity. These properties make it highly suitable for automotive and industrial applications, where thermal regulation and noise reduction are crucial. The inherent material characteristics, such as ease of machining and cost-effectiveness, further contribute to its extensive use. As industries continue to innovate, the demand for

Euro Area - Producer prices in industry: Casting of iron was 123.60 points in May of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - Producer prices in industry: Casting of iron - last updated from the EUROSTAT on July of 2025. Historically, Euro Area - Producer prices in industry: Casting of iron reached a record high of 129.40 points in March of 2023 and a record low of 73.70 points in March of 2000.

Graph and download economic data for Producer Price Index by Industry: Iron Foundries: Other Ductile Iron Castings (PCU3315113315113) from Jun 1986 to Jun 2025 about foundry, iron, PPI, industry, inflation, price index, indexes, price, and USA.

The ductile and grey iron casting products market size reached US$ 56.5 billion in 2018. Demand for ductile and grey iron casting products saw a 4.8% year-on-year growth in 2022, suggesting expansion of the market to US$ 65.2 billion in 2023.

Attributes	Key Insights
Ductile and Grey Iron Casting Products Market Estimated Size (2023E)	US$ 65.2 billion
Projected Market Valuation (2033F)	US$ 113.1 billion
Value-based CAGR (2023 to 2033)	5.7%
Collective Value Share: Top 3 Countries (2023E)	55 to 60%

Scope of the Report

Attribute	Details
Estimated Market Size (2023)	US$ 65.2 billion
Projected Market Valuation (2033)	US$ 113.1 billion
Value-based CAGR (2023 to 2033)	5.7%
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	Value (US$ billion) and Volume (kilotons)
Key Regions Covered	North America, Latin America, Western Europe, Eastern Europe, Central Asia, Russia and Belarus, Balkan and Baltic Countries, East Asia, South Asia and Pacific, and Middle East & Africa.
Key Countries Covered	United States of America, Canada, Mexico, Brazil, Argentina, Germany, Italy, France, United Kingdom, Spain, BENELUX, NORDICS, Poland, Hungary, Romania, Czech Republic, China, Japan, South Korea, India, Association of Southeast Asian Nations, Australia , New Zealand, Kingdom of Saudi Arabia, United Arab Emirates, Türkiye, and Israel.
Key Segments Covered	By Product Type, By Modality, By End Uses, and By Region
Key Companies Profiled	Neenah Foundry JSW Steel TATA Steel S.A.I.L Dotson Iron Castings Ashland Foundry and Machine Works Dandong Foundry Willman Industries Plymouth Foundry Impro Precision Grede Foundry
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiatives

United States - Producer Price Index by Commodity: Metals and Metal Products: Pressure Pipe and Fittings, Ductile Iron was 414.70400 Index 1982=100 in September of 2023, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Pressure Pipe and Fittings, Ductile Iron reached a record high of 428.68900 in July of 2023 and a record low of 97.10000 in September of 1983. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Pressure Pipe and Fittings, Ductile Iron - last updated from the United States Federal Reserve on August of 2025.

The global grey cast iron market is experiencing robust growth, driven by its widespread applications across diverse industries. While the exact market size for 2025 is not provided, a reasonable estimation can be made based on industry trends and publicly available data on related metal markets. Assuming a conservative CAGR (Compound Annual Growth Rate) of 5% and considering the market size of similar ferrous metals, a 2025 market size of approximately $15 billion USD is a plausible figure. This robust growth is projected to continue through 2033, with a sustained CAGR of 5%. Key drivers include increasing demand from the automotive industry (particularly in engine blocks and transmission components), construction (for pipes, manhole covers, and other infrastructure elements), and machinery manufacturing (for various parts and components). Further growth is fueled by the expanding global infrastructure development projects and the rising adoption of grey cast iron in renewable energy applications. However, the market faces certain restraints. Fluctuations in raw material prices (primarily iron ore and coke) pose a significant challenge, impacting production costs and profitability. Stringent environmental regulations regarding emissions during casting processes also present a hurdle that manufacturers need to overcome. Furthermore, competition from alternative materials such as aluminum and steel alloys necessitates continuous innovation and cost optimization within the grey cast iron industry. Market segmentation reveals a diverse landscape, with significant contributions from various geographical regions and specialized applications. Leading players such as Castings, Bunty, Crescent Foundry, Fusium, G&W Foundry, Gartland Foundry, Hermann Reckers, Kirloskar Ferrous Industries, and Longxing Casting are actively shaping the market through technological advancements, strategic partnerships, and capacity expansions. The forecast period (2025-2033) suggests a bright outlook, despite the challenges, provided these factors are effectively managed.

In May 2024, iron ore was valued at approximately *** U.S. dollars per dry metric ton unit (dmtu), as compared to *** U.S. dollars per dmtu in the same month of the previous year. Iron ore prices and production Iron ore refers to the minerals and rocks from which metallic iron is economically viable to extract. Pig iron, which is one of the raw materials used in steel production, is derived from iron ore. The price of iron ore has fluctuated a great deal over the last twenty years. In 2003, one dmtu of iron ore cost ** U.S. dollars, and increased to a high of *** U.S. dollars per dmtu in 2011. The price saw dramatic drops in the past decade, from ****** U.S. dollars per dry metric ton unit in March 2013 to ***** U.S. dollars per dmtu in December 2015. Since then, the price has increased gradually to ****** U.S. dollars per dmtu as of July 2021, before dropping sharply in August 2021. Iron ore producers Overall, the global production of iron ore did not decrease when the prices dropped. In fact, an increase in production among several of the world's largest iron ore producing countries was observed in the past five years. Australia produced *** million metric tons of iron ore in 2023. China is also among the world's largest iron ore producers, though its production is calculated differently than in other countries. Based primarily on the production of raw ore rather than usable ore, China produced an estimated *** million metric tons in 2023.

The global continuous casting grey cast iron market is experiencing robust growth, driven by increasing demand from key sectors like automotive, construction, and machinery & equipment. The automotive industry, in particular, is a major driver due to the material's excellent castability, machinability, and cost-effectiveness in producing engine blocks, transmission housings, and other critical components. The rising construction sector, focused on infrastructure development globally, further fuels demand for durable and cost-effective grey cast iron components used in building structures and machinery. Technological advancements in continuous casting processes are leading to improved quality, higher production efficiency, and reduced manufacturing costs, further stimulating market expansion. While challenges remain, such as fluctuating raw material prices and environmental concerns related to carbon emissions, the market is expected to overcome these hurdles through innovation in sustainable manufacturing practices and the adoption of advanced casting technologies. We project a Compound Annual Growth Rate (CAGR) of 5% for the forecast period (2025-2033), resulting in substantial market expansion. Regional variations in growth will be influenced by factors such as economic development, infrastructure investment, and government policies promoting industrial growth. Asia-Pacific, led by China and India, is expected to dominate the market owing to significant industrialization and expanding manufacturing bases. The competitive landscape features a mix of established global players and regional manufacturers. Key players are focusing on strategic partnerships, mergers and acquisitions, and product diversification to maintain their market positions. The increasing adoption of advanced technologies like automation and AI in casting processes is transforming the industry, leading to increased efficiency and precision. The development of high-strength, wear-resistant, and environmentally friendly grey cast iron alloys is another significant factor contributing to market growth. Furthermore, the growing focus on lightweighting in automotive and aerospace applications is driving demand for optimized grey cast iron alloys, enhancing its appeal in these sectors. Future growth will hinge on continued innovation in casting technologies, sustainable manufacturing practices, and the ability to meet the evolving demands of diverse end-use industries.

United States - Producer Price Index by Commodity: Metals and Metal Products: Pressure Pipe and Fittings, Cast Iron was 140.15500 Index Dec 2011=100 in September of 2023, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Pressure Pipe and Fittings, Cast Iron reached a record high of 144.47400 in July of 2023 and a record low of 95.80000 in January of 2017. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Pressure Pipe and Fittings, Cast Iron - last updated from the United States Federal Reserve on August of 2025.

Grey and Ductile Iron Castings Market Outlook

As of 2023, the global market size for grey and ductile iron castings is projected to be approximately USD 65 billion, with a forecasted growth to USD 95 billion by 2032, reflecting a Compound Annual Growth Rate (CAGR) of 4.3%. The rising demand for these castings in various industrial applications is one of the primary growth factors driving this market. The robust growth in sectors such as automotive, construction, and machinery manufacturing fuels the expansion of the grey and ductile iron castings market, demonstrating its vital role in modern industrial practices.

The automotive industry remains a significant growth driver for the grey and ductile iron castings market. The demand for lightweight, durable, and cost-effective components in automotive manufacturing continues to rise. Iron castings are extensively used in the production of engine blocks, cylinder heads, and other critical components, owing to their excellent mechanical properties and cost efficiency. Additionally, the stringent regulations focusing on vehicle emissions and fuel efficiency propel the adoption of advanced casting techniques, further boosting market growth.

In the construction sector, the increasing infrastructure development activities worldwide significantly contribute to the market's expansion. Grey and ductile iron castings are integral in producing various construction machinery and equipment due to their strength, durability, and ability to withstand harsh environmental conditions. The growth in urbanization and the need for modern infrastructure in emerging economies enhance the demand for these castings, highlighting their indispensable role in construction projects.

Moreover, the machinery and equipment manufacturing industry also drives growth in the grey and ductile iron castings market. These castings are preferred materials for producing heavy machinery, industrial equipment, and agricultural machinery because of their superior tensile strength and resilience. The rapid industrialization and the expansion of manufacturing activities in regions like Asia Pacific and Latin America create a substantial demand for iron castings, reflecting the marketÂ’s upward trajectory.

Regionally, Asia Pacific holds a dominant position in the grey and ductile iron castings market. The region's booming automotive and construction industries, coupled with the presence of numerous foundries, contribute to its significant market share. North America and Europe also exhibit strong demand, driven by technological advancements and the presence of established automotive and construction sectors. However, the Middle East & Africa and Latin America are expected to witness considerable growth, attributed to increasing industrial activities and infrastructure development projects in these regions.

Spheroidal Graphite Cast Iron, often referred to as ductile iron, is a type of cast iron known for its exceptional strength and ductility. This material is characterized by the presence of spheroidal graphite nodules, which enhance its mechanical properties, making it ideal for applications requiring high tensile strength and impact resistance. In the context of the grey and ductile iron castings market, spheroidal graphite cast iron is increasingly favored for its ability to withstand significant stress and strain, particularly in automotive and construction applications. Its versatility and durability make it a preferred choice for manufacturing components like crankshafts, gears, and heavy machinery parts, where reliability and performance are crucial.

Product Type Analysis

The grey iron castings segment accounts for a substantial portion of the market due to its widespread application in the automotive and machinery sectors. Grey iron is known for its excellent machinability, thermal conductivity, and vibration damping properties. These characteristics make it a preferred choice for manufacturing engine blocks, brake components, and various machinery parts. The ongoing advancements in grey iron casting techniques, such as the introduction of high-strength grey iron, further augment its demand in critical applications, ensuring sustained market growth.

On the other hand, ductile iron castings are increasingly gaining traction due to their superior mechanical properties, such as higher tensile strength, impact resistance, and flexibility compared to grey iron. Ductile iron i

Iron Ore rose to 99.07 USD/T on July 30, 2025, up 0.09% from the previous day. Over the past month, Iron Ore's price has risen 6.06%, but it is still 6.48% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Iron Ore - values, historical data, forecasts and news - updated on July of 2025.

Iron is versatile and is used as a material in numerous industrial sectors. Engine and body parts are cast for the automotive industry, for example. As an upstream industry and supplier of a large number of cast products, iron foundries play a key role in the German economy. This makes the weak industry development of the past five years all the more serious. Turnover has grown at an average annual rate of just 0.2% during this period.Due to its connection to Germany's industrial sectors, the industry is highly cyclical. This is reflected not least in the high volatility of industry turnover. Production volumes in Germany are likely to fall again this year. Demand for machinery, motor vehicles and rail vehicles in particular is likely to fall, which will have a negative impact on the iron foundry sector, as they mainly supply these customer markets. The development of the raw material price for iron ore also has a decisive influence on the manufacturing costs of iron products. Iron prices are expected to fall in 2024, which will increase competitiveness but also reduce sales. Increasing competition from Eastern European suppliers and rising demand for light metals will continue to pose a challenge for iron foundries in the future, which they will counter by investing in the development of new and more market-orientated products.In the current year, sales are expected to fall by 1.8% compared to the previous year, with sales totalling 7.2 billion euros. Over the next five years, industry turnover is expected to increase by an average of 1.7% per year. For 2029, IBISWorld is forecasting industry sales of 7.9 billion euros. At the same time, the next few years will be characterised by high costs, as has been the case in the past. The profit margin is likely to increase again, but remain at a low level due to rising costs. The number of businesses and the number of companies are likely to decline.

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Iron Castings Market Size 2024-2028

The iron castings market size is forecast to increase by USD 50.34 billion, at a CAGR of 5.98% between 2023 and 2028.

The market exhibits significant growth, driven primarily by the increasing demand in the automobile segment. The automobile industry's shift towards lightweight and fuel-efficient vehicles has led to a surge in the adoption of iron castings, particularly for engine components. Furthermore, the modernization of the foundry industry, characterized by the integration of advanced technologies such as 3D printing and automation, is expected to enhance productivity and efficiency, thereby fueling market expansion. However, the market faces challenges from increasing competition posed by aluminum castings.
The latter's superior lightweight properties and higher strength-to-weight ratio make them an attractive alternative to iron castings in various applications. Additionally, the price volatility of raw materials, such as iron ore and scrap, poses a significant challenge to market players. Producers must navigate these challenges by focusing on cost optimization, technological innovation, and strategic partnerships to maintain competitiveness and capitalize on the market's growth opportunities.

What will be the Size of the Iron Castings Market during the forecast period?

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The market showcases a dynamic and evolving landscape, driven by the continuous advancements in foundry industry technology. Gray iron castings, known for their energy efficiency and cost-effectiveness, remain a staple in various sectors, including agriculture. However, the demand for high-performance iron alloys with enhanced properties such as tensile strength, fatigue resistance, and corrosion resistance is on the rise. Foundries are increasingly investing in automated casting processes and advanced heat treatment techniques to improve casting quality and reduce casting defects. Foundry technology innovations, including additive manufacturing and surface finishing, are revolutionizing the industry, enabling the production of complex shapes and intricate designs.

The energy industry's focus on energy efficiency and safety regulations is driving the adoption of high-performance iron castings in power generation and transmission equipment. Meanwhile, the agricultural industry benefits from the durability and impact resistance of castings in machinery components. Casting research and failure analysis play a crucial role in the development of new casting alloys and processes. Foundries must adhere to industry regulations and quality control standards, ensuring the production of reliable and safe castings. Foundry automation and manufacturing process optimization are essential for improving casting capacity and reducing lead times. The integration of non-destructive testing and advanced casting simulation tools enables better quality control and predictive maintenance.

The casting industry's ongoing evolution is shaped by the interplay of various factors, including technological advancements, market trends, and regulatory requirements. The future holds exciting possibilities for innovation, efficiency, and sustainability.

How is this Iron Castings Industry segmented?

The iron castings industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Automobile
  Industrial machinery
  Infrastructure and construction machines
  Power
  Pipe fittings and others


Product

  Gray iron
  Duct iron
  Malleable iron


Casting Material

  Iron Casting
  Steel Casting


Casting Process

  Sand Casting
  Investment Casting (Lost Wax Casting)
  Die Casting
  Centrifugal Casting
  Continuous Casting


Geography

  North America

    US
    Canada


  South America

    Brazil
    Argentina


  Middle East and Africa

    UAE


  Europe

    Germany


  APAC

    China
    India
    Japan


  Rest of World (ROW)

By End-user Insights

The automobile segment is estimated to witness significant growth during the forecast period.

The foundry industry plays a pivotal role in manufacturing iron castings, which are essential components in various industries, including automotive and energy. Cast iron's high tensile strength, fatigue resistance, and mechanical properties make it an ideal material for producing engine blocks, cylinder heads, and other critical components. The automotive sector's modernization and the increasing production of vehicles have driven the demand for cast iron components. Moreover, the rise in wear and tear of auto parts due to the growing number of vehicles necessitates the need for replacement parts. The energy industry also relies on cast iron for its heat resistance and energy eff

The global heavy iron casting market is experiencing robust growth, driven by increasing demand from key sectors like shipbuilding, mining, and energy. While precise market size data for 2025 is unavailable, a reasonable estimation based on industry reports and observed growth trends suggests a market value of approximately $15 billion. Considering a projected Compound Annual Growth Rate (CAGR) of 5% for the forecast period (2025-2033), this market is poised to reach a significant value of around $23 billion by 2033. Several factors fuel this growth: the ongoing expansion of infrastructure projects worldwide, especially in developing economies, increased adoption of heavy-duty machinery in mining and construction, and the rising demand for durable and cost-effective components in various industrial applications. The market is segmented by casting type (grey iron, ductile iron, malleable iron) and application (shipbuilding, chemical processing, power generation, mining). Grey iron castings currently dominate the market due to their cost-effectiveness, while ductile iron castings are gaining traction due to their superior mechanical properties. Regional analysis reveals that Asia-Pacific, particularly China and India, holds the largest market share, driven by rapid industrialization and infrastructure development. However, North America and Europe continue to be significant contributors, exhibiting steady growth albeit at a slower pace. The major restraints impacting the market's growth trajectory include fluctuating raw material prices (primarily iron ore and coke), stringent environmental regulations concerning emissions and waste disposal, and the increasing adoption of alternative materials such as advanced composites and plastics in specific applications. Leading companies in the heavy iron casting market are strategically investing in advanced casting technologies, focusing on process optimization, and exploring new materials to overcome these challenges. Furthermore, the industry is witnessing a significant trend towards automation and digitalization to improve productivity, efficiency, and quality control. The overall outlook remains positive, with continued growth expected, propelled by the inherent strength of the heavy iron casting material and its widespread applications across diverse industries.

Global Grey Cast Iron Market is expected to grow during 2025-2031