APAC Metal Casting Market Research Report By (Cast Iron, Aluminum, Stainless Steel, Zinc, Magnesium), By Material Type (Cast Iron, Aluminum, Stainless Steel, Zinc, Magnesium), By Process (Sand Casting, Die Casting, Shell Mold Casting, Gravity Casting, Vacuum Casting), By End-Use Industry (Automotive & Transportation, Building & Construction, Mining, Equipment & Machine, Consumer Goods) and By Regional (China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC) - Forecast to 2035

APAC Metal Casting Market Overview

The APAC Metal Casting Market Size was estimated at 62.55 (USD Billion) in 2023. The APAC Metal Casting Industry is expected to grow from 67.41(USD Billion) in 2024 to 105 (USD Billion) by 2035. The APAC Metal Casting Market CAGR (growth rate) is expected to be around 4.111% during the forecast period (2025 - 2035).

Key APAC Metal Casting Market Trends Highlighted

Driven by many factors like rising demand from sectors including automotive, aerospace, and construction, the APAC Metal Casting Market is expanding notably. Rapid urbanization and industrialization in nations like China and India have increased manufacturing activity, hence increasing the need for metal castings. Manufacturing technologies are also changing conventional casting methods by means of additive manufacturing and automation, among other things.

These methods increase the quality of cast goods and boost manufacturing efficiency, hence appealing more to producers. From an opportunity standpoint, the focus on sustainability in the APAC region offers an area for development.

Governments are pushing eco-friendly measures within businesses increasingly; metal casting firms who embrace sustainable methods like recycling waste metal and lowering emissions will have a competitive advantage. Increased research and development funding on creative casting materials and methods might also help new market entrants and support the current player base in APAC.

Recent developments have demonstrated a move towards customized and lightweight designs in metal casting, primarily spurred by the automobile industry's transition toward electric cars. Digital technologies like IoT and artificial intelligence are improving casting process monitoring and efficiency.

Furthermore, the skilled labor force in APAC is becoming better at using recent technology, hence promoting creativity in the metal casting industry. These trends draw attention to a dynamic and changing market scene, hence highlighting APAC as a major area for metal casting developments.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

APAC Metal Casting Market Drivers

Growing Demand in Automotive Industries

The APAC Metal Casting Market Industry is experiencing a significant increase in demand driven by the automotive sector. The automotive industry in APAC, particularly in countries such as China, Japan, and South Korea, is rapidly expanding, with the annual vehicle production reaching approximately 33 million units. This growth is largely attributed to the increasing adoption of electric vehicles and advances in manufacturing techniques.

According to the Japan Automobile Manufacturers Association, the expected production of electric vehicles in Japan is set to rise dramatically by 2025, which is likely to boost the demand for metal castings used in automotive applications.

Furthermore, leading companies like Toyota Motor Corporation and Hyundai Motor Company are actively investing in Research and Development (R&D) for innovative metal casting techniques and materials that are lighter and more sustainable, driving further growth in the APAC Metal Casting Market Industry.

Expansion of Energy Sector

The APAC Metal Casting Market Industry is also propelled by the expansion of the energy sector, especially related to renewable energy sources. Governments in APAC countries, including India and China, have made commitments to increase the share of renewable energy in their energy mix. For instance, the National Energy Administration of China has set a target for renewables to constitute over 20% of total primary energy consumption by 2030.

This transformation necessitates the usage of various metal castings for equipment required in energy generation and distribution, including wind turbines and solar panel frames. Companies like Siemens AG and General Electric have made significant investments in manufacturing facilities within APAC nations, increasing the demand for metal castings and contributing significantly to market growth.

Technological Advancements in Casting Techniques

Innovations in metal casting technologies are driving the growth of the APAC Metal Casting Market Industry. Techniques such as 3D printing and advanced mold designs are being adopted to improve efficiency and reduce material waste. Research indicates that the adoption of 3D printing in metal casting is expected to grow by over 25% annually over the next decade.

This trend is supported by investments from leading organizations such as the Korea Institute of Industrial Technology, which recently announced funding for projects aimed at optimizing casting processes using innovative technologies. As metal casting companies integrate these advancements into their production processes, the operational efficiency and product quality will see remarkable enhancements, further fueling market growth in APAC.

Increased Government Initiatives and Support

Government initiatives across the APAC region are bolstering the growth of the Metal Casting Market Industry. Programs aimed at industrial modernization, including subsidies and tax incentives for manufacturers, are increasingly common. For instance, the 'Make in India' initiative has received significant governmental support, with the objective to increase the manufacturing sector's contribution to GDP to 25% by 2025.

This drive for enhanced manufacturing capabilities has a direct impact on the metal casting industry, as it encourages local production of components used in various industries, including aerospace, construction, and consumer goods. Furthermore, partnerships between governments and major industry players, such as those seen in initiatives by the Ministry of Industry and Trade in Vietnam, are expected to advance the metal casting sector, ultimately benefiting the APAC Metal Casting Market Industry.

APAC Metal Casting Market Segment Insights

Metal Casting Market Insights

The APAC Metal Casting Market exhibits strong diversity through its segmentation into various materials, with each segment playing a crucial role in the overall industry landscape. The Cast Iron segment is notable for its robust applications in construction and automotive components, due to its durability and excellent casting capabilities.

This segment is especially driven by the growing infrastructure developments across APAC, as countries such as India and China continue to invest heavily in urbanization and industrialization initiatives. Aluminum, recognized for its lightweight properties and corrosion resistance, is increasingly used in sectors like aerospace and automotive, catering to the rising demand for fuel-efficient vehicles and reduction in emissions.

Moreover, the versatility of Aluminum in various applications enhances its market potential within the region, particularly as sophisticated manufacturing techniques evolve. Stainless Steel, known for its resistance to corrosion and staining, finds important applications in the food and beverage as well as medical industries.

The growing focus on hygiene and quality in these sectors is driving the demand for stainless steel components, making it a vital segment within the APAC Metal Casting Market. Meanwhile, the Zinc segment is gaining traction particularly in the automotive and electronics industries due to its effective casting properties and ability to provide a protective barrier against corrosion.

Likewise, Magnesium is attracting attention as a preferred choice in applications demanding lightweight materials, especially in automotive and aerospace sectors, driven by the need for improved energy efficiency and performance. Additionally, the APAC Metal Casting Market is influenced by several growth drivers, including technological advancements in casting processes and the rising focus on sustainability.

Challenges such as fluctuating raw material costs and the need for skilled labor in the metal casting industry must be addressed to ensure sustained growth. Overall, the diverse segmentation of the APAC Metal Casting Market not only caters to a wide range of industries but also continues to evolve with changing market dynamics and consumer preferences, ultimately reinforcing its significance in the global marketplace.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Metal Casting Market Material Type Insights

The Material Type segment of the APAC Metal Casting Market showcases a diverse array of materials essential for various industrial applications. Cast Iron remains a favored choice due to its excellent wear resistance and durability, often used in automotive and heavy machinery components.

Aluminum, being lightweight and corrosion-resistant, has been gaining traction in sectors such as aerospace and consumer electronics, driven by the growing demand for lightweight materials. Stainless Steel is recognized for its high corrosion resistance and strength, making it a vital component in the manufacturing of kitchenware, medical devices, and architectural applications.

Zinc alloys are appreciated for their good fluidity and casting characteristics, frequently used in die casting processes for automotive parts. Magnesium, the lightest structural metal, is increasingly utilized in aerospace and automotive industries, promoting fuel efficiency.

As the APAC region advances in industrialization, the demand for these materials continues to rise, reflecting significant trends towards lightweight and durable components across various industries. This segmentation highlights the importance of each material in supporting the innovative manufacturing processes driving the region's economic growth.

Metal Casting Market Process Insights

The APAC Metal Casting Market, particularly within the Process segment, has showcased significant growth driven by various casting methods tailored to meet industry demands. Among these, Sand Casting remains a widely utilized technique due to its flexibility and cost-effectiveness, making it ideal for producing large parts like engine blocks.

Die Casting is also gaining traction, especially in the automotive and electronic sectors, due to its ability to produce high-volume, intricate parts with excellent surface finishes. Meanwhile, Shell Mold Casting offers advantages in precision and surface quality, making it suitable for complex shapes and thin-walled components.

Gravity Casting, with its straightforward process, is favored for large parts in heavy industries, while Vacuum Casting caters to high-end applications, such as aerospace and medical industries, where material properties and minimal defects are crucial.

The diverse methods within this segment not only demonstrate the versatility of the APAC Metal Casting Market but also underscore the region’s role in global manufacturing as it continues to innovate and adapt to the evolving needs of various sectors. The demands for sustainable practices and enhanced efficiency further propel advancements in these casting processes, ultimately contributing to market expansion and competitive positioning.

Metal Casting Market End-Use Industry Insights

The End-Use Industry segment of the APAC Metal Casting Market plays a crucial role in the overall market dynamics due to its wide-ranging applications across various sectors. The automotive and transportation segment remains significant as the demand for lightweight materials continues to grow, driven by advancements in fuel efficiency and emissions reduction.

Following closely, the building and construction segment benefits from increased urbanization and infrastructure development across the region, leading to a rising need for durable metal cast products. In mining, the requirement for heavy machinery and equipment fosters a steady demand for metal casting, essential for extracting valuable resources.

The equipment and machine segment thrives on technological innovations, focusing on producing specialized components critical for manufacturing processes. Additionally, the consumer goods segment capitalizes on the trend of customized and aesthetic products, leading to an increasing preference for metal castings in household items and appliances.

These diverse applications highlight the importance and growth potential of the End-Use Industry in shaping the future landscape of the APAC Metal Casting Market. As urban development accelerates and industries continue to evolve, the APAC Metal Casting Market statistics forecast ongoing growth across these sectors, driven by advancements and innovations tailored to meet regional needs.

Metal Casting Market Regional Insights

The APAC Metal Casting Market displays significant promise, driven by robust industrial demands across various regions. China leads the market, benefiting from its expansive manufacturing base, thereby playing a pivotal role in global supply chains. India's growing automotive industry and infrastructure development have positioned it as a strong contender, showcasing considerable growth potential.

Japan's advanced technology and precision engineering contribute to its importance in sectors such as electronics and automotive, where high-quality castings are essential. South Korea stands out through its innovation in metal production processes, enhancing efficiencies and product quality.

In Southeast Asia, Malaysia, Thailand, and Indonesia are emerging players, with friendly governmental policies stimulating foreign investments. The overall APAC landscape is characterized by a diverse application of metal casting, spanning automotive, construction, and aerospace industries, underscoring the regional market's vital role in meeting both domestic and international requirements.

Notably, the market is expected to evolve as industries shift towards sustainable practices, influenced by regulatory frameworks striving for eco-friendliness in manufacturing.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

APAC Metal Casting Market Key Players and Competitive Insights

The APAC Metal Casting Market is a dynamic and rapidly evolving sector characterized by a diverse range of players competing to leverage technological advancements and meet increasing demand from multiple industries, including automotive, aerospace, and machinery manufacturing.

As the region witnesses accelerated industrial growth, an increasing focus on infrastructure development, and a rising demand for lightweight and durable materials, the competition within the metal casting segment has intensified. Companies operating in this market are continually innovating and streamlining their processes to enhance product offerings, improve efficiencies, and expand their market footprints.

Key competitive insights reveal that factors such as mergers and acquisitions, investments in research and development, and strategic collaborations play critical roles in shaping the market landscape and influencing competitive dynamics among players in the region. BorgWarner has established itself as a notable player within the APAC Metal Casting Market, focusing on advanced technologies and efficient manufacturing processes that ensure high-quality production standards.

The company utilizes cutting-edge casting techniques to meet the tailored demands of various automotive applications. One of BorgWarner's key strengths lies in its robust product portfolio, which includes components designed to enhance vehicle performance and reduce emissions. The company benefits from its extensive R&D capabilities and a well-structured supply chain, facilitating timely responses to market changes.

BorgWarner's commitment to sustainability and innovation further distinguishes it within this niche, with a clear strategy aligned towards catering to the evolving needs of customers across the APAC region. Rio Tinto has an established significant presence in the APAC Metal Casting Market, highlighted by its extensive portfolio of high-quality materials and resources.

The company primarily focuses on aluminum and minerals, which are essential for various casting applications in industries like automotive and aerospace. Rio Tinto is known for its strong emphasis on sustainability, innovation, and responsible sourcing, enabling it to strengthen its market position while addressing environmental and social concerns.

The company has continually invested in the development of advanced processes and technologies to enhance its production capabilities, driving efficiency and reducing environmental impact. In recent years, Rio Tinto has engaged in strategic mergers and acquisitions to expand its operational footprint and diversify its offerings within the APAC market, which serves as a testament to its adaptability and focus on long-term growth.

Key Companies in the APAC Metal Casting Market Include

• BorgWarner


• Rio Tinto


• Aalberts Industries


• Eisenmann


• Kosei Aluminum


• Bharat Forge


• Foundry Group


• Friedrichs GmbH


• Tata Steel


• Amcor


• Japan Casting


• Dowa Holdings


• Hitachi Metals


• Aluminium Bahrain


• Foseco

APAC Metal Casting Market Industry Developments

The APAC Metal Casting Market has witnessed significant developments recently, driven by the rising demand for lightweight materials across various industries and advancements in technology. In September 2023, BorgWarner announced plans to enhance its casting capabilities to meet the increasing demand for electric vehicle components, reflecting a broader shift toward sustainability in the sector.

Similarly, Kosei Aluminum has expanded its production facilities in Japan to boost output, aiming to cater to the automotive and aerospace sectors. Furthermore, in July 2023, Tata Steel reported a strategic collaboration with Dowa Holdings to enhance their manufacturing efficiencies in metal casting.

In terms of market valuation, Aalberts Industries and Hitachi Metals have seen notable growth in their shares, attributed to growing investments in R&D and sustainable practices. In the realm of mergers and acquisitions, in August 2023, Bharat Forge acquired a majority stake in a precision foundry, positioning itself to capitalize on the increased demand for high-performance components.

The APAC region is also focusing on regulatory changes to promote environmentally friendly manufacturing processes, which is expected to shape the metal casting landscape in the coming years.

Metal Casting Market Segmentation Insights

Metal Casting Market Outlook

• Cast Iron


• Aluminum


• Stainless Steel


• Zinc


• Magnesium

Metal Casting Market Material Type Outlook

• Cast Iron


• Aluminum


• Stainless Steel


• Zinc


• Magnesium

Metal Casting Market Process Outlook

• Sand Casting


• Die Casting


• Shell Mold Casting


• Gravity Casting


• Vacuum Casting

Metal Casting Market End-Use Industry Outlook

• Automotive & Transportation


• Building & Construction


• Mining


• Equipment & Machine


• Consumer Goods

Metal Casting Market Regional Outlook

• China


• India


• Japan


• South Korea


• Malaysia


• Thailand


• Indonesia


• Rest of APAC

Report Attribute/Metric	Details
Market Size 2023	62.55(USD Billion)
Market Size 2024	67.41(USD Billion)
Market Size 2035	105.0(USD Billion)
Compound Annual Growth Rate (CAGR)	4.111% (2025 - 2035)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	BorgWarner, Rio Tinto, Aalberts Industries, Eisenmann, Kosei Aluminum, Bharat Forge, Foundry Group, Friedrichs GmbH, Tata Steel, Amcor, Japan Casting, Dowa Holdings, Hitachi Metals, Aluminium Bahrain, Foseco
Segments Covered	, Material Type, Process, End-Use Industry, Regional
Key Market Opportunities	Rising automotive production demand, Growth in renewable energy sector, Advancements in casting technologies, Increasing infrastructure investments, Expansion of aerospace manufacturing.
Key Market Dynamics	growing automotive demand, technological advancements, environmental regulations, skilled labor shortages, rising infrastructure investments
Countries Covered	China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC