Metal Casting Market Size & Share, By Application (Automotive & Transportation, Industrial Machinery, Building & Construction, Aerospace & Military, Oil & Gas); Material; and Process - Global Supply & Demand Analysis, Growth Forecasts, Statistical Report 2025-2037

Metal Casting Sector: Growth Drivers and Challenges

Growth Drivers

• Government incentives and support programs: Governments around the world are enacting initiatives to incentivize organizations to pursue the use of green chemicals. For instance, the U.S. Renewable Chemicals Act of 2021 gives manufacturers producing biobased chemicals with at least 96% biobased content a federal tax credit of 16% per pound. The Department of Agriculture also has a program, the Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program, which provides loan guarantees to support the financing of the establishment of commercial manufacturing facilities producing renewable chemicals. The government initiatives and tools to support such renewable chemical production facilities are leading to investments in sustainable chemical production.
• Growth in green chemicals market: The global green chemicals market is expected to grow exponentially as demand increases for environmentally friendly products, as well as government regulations that require low environmental impact products. The global green chemicals market was valued at approximately USD 146.88 billion in 2024 and is expected to reach approximately USD 387.98 billion by 2034, growing at a CAGR of 10.21% and expedited by the emergence of bioprocessing, fermentation, and more efficient enzymatic processes which will reduce uncertainty in their efficiency, as well as their potential reduction in production cost.

Producers and Operational Benchmarking

Increasing operational and manufacturing capacity is important for metal casting manufacturers as global demand expands, efficiency increases, and competition is heightened. The U.S. Department of Energy states that with advanced casting technology, energy savings can exceed 60% while producing improved-quality products. The American Foundry Society states that modernized facilities reduce emissions and the need to comply with environmental stewardship measures that impact production. Investments in capacity expansion could allow producers to meet varied markets, improve supply chains, and implement possible sustainable practices that will support a sustained expansion and a resilient metal casting industry. The top producers' data are listed below:

Top 10 Global Metal Casting Producers

Production Data Analysis (2019–2024)

Market Volume and Growth Trends in Metal Casting

The global metal casting market has grown tremendously in the last five years from the demand from the automotive, construction, and industrial industries. In 2022, the market was $136.72 billion, and projected to grow at a CAGR of 5.6% from 2023 to 2030. Asia-Pacific led the market in 2022, accounting for a total of 45.81% of the overall market due to low-cost skilled labor and increasing electric vehicle usage. The North American and European markets were smaller at $28 billion and $22.38 billion, respectively, in 2022. Price history data has been mentioned below:

Metal Casting Price History (2020–2024)

Annual Unit Sales Volumes (2020–2024)

Regional Price Trends (2020–2024)

Key Factors Influencing Price Fluctuations

Raw Material Costs

Geopolitical Events

Future Price Trends and Market Prospects

Japan’s Metal Casting-Based Chemical Product Shipments

Japan's chemical industry is growing steadily in products associated with metal casting applications, primarily as the electronics, automotive, and precision manufacturing industry expands. This proactive response by companies to demanding markets shows that there has been plenty of R&D investment, including for more environmentally friendly materials as well as digital transformations. The shipments for automotive and electronic uses have increased substantially in recent months, focusing on industry segments that are high-growth and high-value. Composition data has been mentioned below:

Composition of Metal Casting-Based Products Shipped (2018–2023)

Value of Metal Casting Shipments by Manufacturing Industry (2018–2023)

R&D Expenses and Capital Investment Trends (¥ Billion)

Top 15 Chemical Companies for Metal Casting: Financial Performance (2023)

Challenges

• Escalating environmental compliance costs: The U.S. Environmental Protection Agency (EPA) has accelerated the regulatory process with more than 150 new environmental regulations in the past year. You can imagine the compliance costs imposed on metalating operations from the new regulations and costs regarding greenhouse gas emissions and environmental justice. These regulations are harmful to small businesses, as they are unable to adjust to the stricter standards and have more complex, lengthy permitting processes.
• Fragmented global decarbonization standards: A high number of decarbonization standards, more than 26 standards identified in the steel sector, have increased trade transaction costs and complexities. This fragmentation proves problematic for the global path to decarbonization, and consistent standards impede compliance efforts and can create market entry barriers.