Ductile Cast Iron Market: By Type (Vertical Molding Ductile Iron and Horizontal Molding Ductile Cast Iron), By Application (Machinery & Equipment, Automotive, Construction, Oil & Gas, Aerospace, and Others), and Geography    

Ductile Cast Iron Market size  was valued at USD 2,645.7 million in 2022 and is poised to grow at a CAGR of 1.67% from 2023 to 29. owing to increasing production of automobile parts in developing economies coupled with the growing manufacturing activities are the major factors driving the growth of the market. Ductile cast iron Market offers various advantages over steel such as can be made for a much lower cost when compared to the steel and has excellent strength to weight ration coupled with superior castability and machinability. Moreover, blast furnaces produces heavy steel ingots as a final result, these ingots are worked cold or hot by mechanical means such as rolling to stamping. Through this procedure it is very expensive to get complex shapes with steel, but easy to get plates, beams, wire, etc., which are generally the final products of steel. However, the castings are so fluid that it is possible to fill molds with the liquid iron itself, making it possible to easily achieve complex shapes. Not surprisingly, even in steel pipe installations, valves or other elements (which are complex shaped bodies) are made of gray cast iron or ductile cast iron.