What is Global Municipal Castings Market?
The Global Municipal Castings Market is a vast and dynamic sector that encompasses a wide range of products used in municipal applications. These products, which include manhole covers, drainage channels, surface boxes, street furniture, pipes, valves, and others, are primarily made from materials such as gray iron, ductile iron, and others. The market is driven by the increasing urbanization and the need for efficient municipal infrastructure. However, the market also faces challenges such as the high cost of raw materials and the environmental impact of the production process. Despite these challenges, the market continues to grow, driven by the increasing demand for durable and efficient municipal castings.
Gray Iron Casting, Ductile Iron Casting, Others in the Global Municipal Castings Market:
Gray iron casting, ductile iron casting, and others are the primary materials used in the Global Municipal Castings Market. Gray iron casting is a type of iron that has a graphitic microstructure. It is used in a variety of applications due to its excellent machinability, good wear resistance, and high damping capacity. Ductile iron casting, on the other hand, is a type of iron that has a spheroidal or nodular form of graphite. It is known for its high tensile strength, good ductility, and excellent resistance to wear and fatigue. Other materials used in the market include steel, aluminum, and others. These materials are chosen based on their properties and the specific requirements of the application.
Manhole Covers, Drainage Channels, Surface Boxes, Street Furniture, Pipes and Valves, Others in the Global Municipal Castings Market:
The Global Municipal Castings Market finds its usage in a variety of areas. Manhole covers, for instance, are used to cover manholes in streets and other public places to prevent accidents and unauthorized access. Drainage channels are used to direct water flow and prevent flooding. Surface boxes are used to house and protect various types of equipment. Street furniture, such as benches, bollards, and litter bins, are used to enhance the functionality and aesthetics of public spaces. Pipes and valves are used in various municipal applications, including water supply, sewage treatment, and gas distribution. Other applications of municipal castings include traffic control devices, lighting fixtures, and others.
Global Municipal Castings Market Outlook:
The Global Municipal Castings Market, which was valued at US$ 15940 million in 2022, is expected to reach US$ 19380 million by 2029, growing at a CAGR of 2.8% from 2023 to 2029. This growth is driven by the increasing demand for efficient and durable municipal castings. China is the largest producer of municipal castings, accounting for 28.91% of the global production value in 2019. North America and Europe follow, with production values of 28.05% and 16.97% respectively. These regions are expected to continue to play a significant role in the market in the coming years.
| Report Metric | Details |
| Report Name | Municipal Castings Market |
| Accounted market size in 2022 | US$ 15940 in million |
| Forecasted market size in 2029 | US$ 19380 million |
| CAGR | 2.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Saint Gobain, Neenah Foundry, EJ, Mcwane, Charlotte Pipe and Foundry, Eagle Manufacturing Group, Everett J. Prescott, Inc., EBAA Iron, Inc., Crescent Foundry, HYDROTEC Technologies, Vestal Manufacturing, Star Pipe Products, Ducast, D&L Supply, Spring City, Clark-Drain, Renqiu TEDA Foundry, Hebei Jipeng Casting |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
