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PUBLISHER: Grand View Research | PRODUCT CODE: 1363176
PUBLISHER: Grand View Research | PRODUCT CODE: 1363176
Central & South America Iron Casting Market Size, Share & Trends Analysis Report By Product (Gray Iron, Ductile Iron, Malleable Iron), By Application (Automotive, Pipes & Fittings), And Segment Forecasts, 2023 - 2030
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Central & South America Iron Casting Market Growth & Trends:
The Central & South America iron casting market size is expected to reach USD 3.03 billion by 2030, according to a new report by Grand View Research, Inc.., expanding at a CAGR of 3.8% during the forecast period. Market growth is attributed to an increase in investment in railways and the growing electricity demand that requires large-scale power generation. Based on product, the market is segmented into gray, ductile, and malleable cast iron. The ductile segment held the second-largest revenue share in 2022 of the overall market on account of its growing demand for railways and pipes & fittings. The product possesses graphite particles that precipitate in spherical form resulting in its high strength and toughness.
Based on application, the market is segmented into machinery & tools, pipes & fittings, automotive, railways, power generation, and others. Pipes & fittings is one of the vital segments of the market. The CSA region is witnessing a rise in the number of projects related to sanitization, sewage, and wastewater treatment, which is expected to fuel growth in the coming years. Based on data from Brazil's Ministry of Regional Development, the country faces a lack of proper sewerage and sanitation systems. To address this issue, Brazil secured a loan from the Inter-American Development Bank in December 2022 to improve water, sewerage, and sanitation services in Joinville, one of its municipalities.
This development is expected to increase the demand for iron castings in the pipes and fittings application segment of the regional market. The presence of various small- and medium-sized iron casting manufacturers has intensified competitive rivalry in Central & South America. Several measures by governments for economic revival, such as investments by the Development Bank of Latin America & the Caribbean (CAF), are resulting in increasing manufacturing activities with iron foundries supporting key industries to cater to the anticipated rise in castings demand.
Central & South America Iron Casting Market Report Highlights:
- Brazil is anticipated to register a CAGR of 3.7%, in terms of revenue, over the forecast period due to the increasing infrastructure development projects, flourishing energy generation industry, and high investments by automobile manufacturers in the country
- The ductile cast iron product segment accounted for a revenue share of over 36.0% in 2022 due to increased product penetration in various end-use industries, including power generation, pipes & fittings, machines & tools, and automotive
- The automotive application segment is anticipated to dominate the market over the forecast period. The segment growth is, however, expected to be hindered by the rising preference for aluminum casting in vehicle production
- Competitive rivalry is high in the market. For instance, in 2022, Metso Outotec, a casting producer with a presence in Brazil, China, and India, decided to evaluate the future of the Czech Republic foundry. This is mainly due to increased energy and production costs
Product Code: GVR-4-68040-126-2
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Competitive Outlook
Chapter 3. Central & South America Iron Casting Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Global Iron Casting Market Outlook
- 3.2. Value Chain Analysis
- 3.3. Manufacturing Trends
- 3.4. Sales Channel Analysis
- 3.5. Regulatory Framework
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Industry Challenges
- 3.7. Industry Analysis - Porter's Five Forces Analysis
- 3.8. PESTEL Analysis
- 3.9. Import Export Data, 2017-2022 (HS Code 7235)
Chapter 4. Central & South America Iron Casting Market: Product Estimates & Trend Analysis
- 4.1. Central & South America Iron Casting Market: Product Movement Analysis, 2022 & 2030
- 4.2. Gray Iron
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.3. Ductile Iron
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.4. Malleable Cast Iron
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Central & South America Iron Casting Market: Application Estimates & Trend Analysis
- 5.1. Central & South America Iron Casting Market: Application Movement Analysis, 2022 & 2030
- 5.2. Automotive
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3. Machinery & Tools
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Pipes & Fittings
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.5. Railways
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.6. Power Generation
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.7. Others
- 5.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Central & South America Iron Casting Market: Regional Estimates & Trend Analysis
- 6.1. Regional Analysis, 2022 & 2030
- 6.2. Central & South America
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.4. Brazil
- 6.2.3.1 Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.3.1 Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.3.1 Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.5. Argentina
- 6.2.3.1 Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.3.1 Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.3.1 Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.6. Chile
- 6.2.3.1 Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.3.1 Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.3.1 Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Central & South America Iron Casting Market: Competitive Analysis
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Ranking
- 7.3. Heat Map Analysis
- 7.4. Vendor Landscape
- 7.4.1. List of raw material suppliers & distributors
- 7.4.2. List of foundries
- 7.4.3. List of prospective end-users
- 7.5. Strategic Framework
- 7.6. Company Listings (Overview, Financials, Product Benchmarking)
- 7.6.1. Boherdi Foundry
- 7.6.2. CALMET
- 7.6.3. Fundicion Callao SA
- 7.6.4. Funvesa
- 7.6.5. Industrias Ascheri & Cia.
- 7.6.6. Grupo Industrial Saltillo (GIS)
- 7.6.7. ISOFUND
- 7.6.8. LEPE
- 7.6.9. WHB Brasil
- 7.6.10. Fagor Ederlan
- 7.6.11. Teksid SpA
- 7.6.12. Fundicao Regali Brasil
- 7.6.13. Castertech (Randon Companies)
Product Code: GVR-4-68040-126-2
List of Tables
- TABLE 1 Iron casting vs Aluminum casting
- TABLE 2 Imports, 2017 - 2022 (HS Code -7325) (USD Million)
- TABLE 3 Imports, 2017 - 2022 (HS Code -7325) (Kilotons)
- TABLE 4 Exports, 2017 - 2022 (HS Code -7325) (USD Thousand)
- TABLE 5 Exports, 2017 - 2022 (HS Code -7325) (Tons)
- TABLE 6 Central & South America Iron Casting Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 7 Central & South America Iron Casting Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
- TABLE 8 Central & South America Iron Casting Market Estimates and Forecast, By Product, 2018 - 2030 (Kilotons)
- TABLE 9 Central & South America Iron Casting Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- TABLE 10 Central & South America Iron Casting Market Estimates and Forecast, By Application, 2018 - 2030 (Kilotons)
- TABLE 11 Brazil Iron Casting Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 12 Brazil Iron Casting Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
- TABLE 13 Brazil Iron Casting Market Estimates and Forecast, By Product, 2018 - 2030 (Kilotons)
- TABLE 14 Brazil Iron Casting Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- TABLE 15 Brazil Iron Casting Market Estimates and Forecast, By Application, 2018 - 2030 (Kilotons)
- TABLE 16 Argentina Iron Casting Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 17 Argentina Iron Casting Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
- TABLE 18 Argentina Iron Casting Market Estimates and Forecast, By Product, 2018 - 2030 (Kilotons)
- TABLE 19 Argentina Iron Casting Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- TABLE 20 Argentina Iron Casting Market Estimates and Forecast, By Application, 2018 - 2030 (Kilotons)
- TABLE 21 Colombo Iron Casting Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 22 Colombo Iron Casting Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
- TABLE 23 Colombo Iron Casting Market Estimates and Forecast, By Product, 2018 - 2030 (Kilotons)
- TABLE 24 Colombo Iron Casting Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- TABLE 25 Colombo Iron Casting Market Estimates and Forecast, By Application, 2018 - 2030 (Kilotons)
List of Figures
- Fig 1. Market segmentation
- Fig 2. Information procurement
- Fig 3. Data Analysis Models
- Fig 4. Market Formulation and Validation
- Fig 5. Data Validating & Publishing
- Fig 6. Market snapshot
- Fig 7. Segmental outlook - Product and Application
- Fig 8. Competitive Outlook
- Fig 9. Central & South America iron casting market outlook, 2018-2030 (USD Million) (Kilotons)
- Fig 10. Value chain analysis
- Fig 11. Market dynamics
- Fig 12. Porter's Analysis
- Fig 13. PESTEL Analysis
- Fig 14. Central & South America iron casting market, by product: Key takeaways
- Fig 15. Central & South America iron casting market, by product: Market share, 2022 & 2030
- Fig 16. Central & South America iron casting market, by application: Key takeaways
- Fig 17. Central & South America iron casting market, by application: Market share, 2022 & 2030
- Fig 18. Central & South America iron casting market: Regional analysis, 2022
- Fig 19. Central & South America iron casting market, by region: Key takeaways
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