According to our (Global Info Research) latest study, the global Grey Iron Casting market size was valued at US$ 46584 million in 2025 and is forecast to a readjusted size of US$ 52451 million by 2032 with a CAGR of 1.7% during review period.
Global production of gray iron castings is projected to reach 43.2 million tons in 2025, with an average price of $1,048 per ton. Gross profit margins are typically between 10% and 20%.
Gray iron casting is one of the most common cast iron materials. Its characteristic feature is that carbon exists in the form of flake graphite within the iron matrix, resulting in a gray fracture surface, hence its name. It possesses good castability, machinability, and vibration damping properties, and is commonly used in the manufacture of machine tool beds, automobile cylinder blocks, pump housings, etc. It is inexpensive and widely applied.
The upstream of the gray iron casting industry chain mainly consists of pig iron, scrap steel, recycled materials, alloy additives, molding sand and binder materials, and energy. Key upstream factors include chemical composition stability, control of recycled material ratios, and energy cost levels. Fluctuations in raw material and electricity prices significantly impact costs. The downstream sector is the core of demand scale and value concentration, widely used in the automotive and commercial vehicle industries for engine blocks, cylinder heads, brake components, and structural parts, emphasizing vibration damping performance, dimensional stability, and batch consistency. In construction and agricultural machinery, it's used for machine bases, housings, and transmission components, prioritizing wear resistance, casting defect control, and delivery capability. In machine tools and industrial equipment, it's used for beds and frames, relying on good vibration damping and machining performance. In municipal and construction sectors, it's used for pipe fittings, manhole covers, and foundation components, focusing on cost and standard compliance. In general machinery and pumps/valves, it's used for housings and support components, emphasizing cost-effectiveness and reliability. Downstream customers are mostly large-scale manufacturing enterprises with stable but price-sensitive demand. Orders are primarily for long-term supply, making stable quality and delivery capability the core competitive advantages.
Industry trends are characterized by increased applications of high-grade and thin-walled castings, improved strength and consistency through composition control and process optimization, and upgrades to energy-saving, emission-reducing, and automated casting processes. Driving factors primarily stem from the rigid demand from the automotive and equipment manufacturing industries, infrastructure maintenance and upgrades, and the comprehensive advantages of gray iron in vibration reduction and cost. Obstacles include increasingly stringent environmental and energy consumption constraints, price competition due to overcapacity in low-end production, and pressure from replacement by ductile iron or aluminum alloys in the trend towards lightweighting.
This report is a detailed and comprehensive analysis for global Grey Iron Casting market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Grey Iron Casting market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2021-2032
Global Grey Iron Casting market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2021-2032
Global Grey Iron Casting market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2021-2032
Global Grey Iron Casting market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (US$/Unit), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Grey Iron Casting
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Grey Iron Casting market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Waupaca Foundry, Grede, Metal Technologies, Neenah Foundry, MAT Foundry Group, Brakes India, Tupy, CIFUNSA, Fritz Winter Eisengießerei, Decatur Foundry, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Grey Iron Casting market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
HT100(ASTM Class 20)
HT150(ASTM Class 30)
HT200(ASTM Class 35)
HT250(ASTM Class 40)
HT300(ASTM Class 45)
HT350(ASTM Class 50)
Others
Market segment by Process
Sand Casting
Metal Mold Casting
Lost Foam Casting (EPC)
Centrifugal Casting
Investment Casting (Lost Wax Casting)
Market segment by Precision
±5-10mm
±2-5mm
±0.5-2mm
±0.1-0.5mm
Market segment by Application
Automobiles
Construction Machinery
Machine Tools
Building Materials
Agricultural Machinery
Rail Transportation
Others
Major players covered
Waupaca Foundry
Grede
Metal Technologies
Neenah Foundry
MAT Foundry Group
Brakes India
Tupy
CIFUNSA
Fritz Winter Eisengießerei
Decatur Foundry
Seco Industries
FA Foundry
Dandong Foundry
Willman Industries
C.A. Lawton Co.
Brillion Iron Works
EJ
MEIERGUSS
Fonderie di Montorso
Kirloskar Ferrous Industries
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Grey Iron Casting product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Grey Iron Casting, with price, sales quantity, revenue, and global market share of Grey Iron Casting from 2021 to 2026.
Chapter 3, the Grey Iron Casting competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Grey Iron Casting breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Grey Iron Casting market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Grey Iron Casting.
Chapter 14 and 15, to describe Grey Iron Casting sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Grey Iron Casting. Industry analysis & Market Report on Grey Iron Casting is a syndicated market report, published as Global Grey Iron Casting Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Grey Iron Casting market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.