Cast iron is characterized by It has a melting point that is relatively lower than that of solid iron. Therefore, it is used in Cast iron In its many types, it is used in the manufacture of sewer pipes, metal ladders, lighting poles, water pipes, tanks, cooking utensils, as well as agricultural machinery and equipment, auto spare parts, and more.
Types of cast iron
The characteristics and properties of cast iron vary from one type to another. White cast iron contains carbide impurities that allow cracks to pass directly through it. Gray cast iron contains graphite flakes that deflect a passing crack and initiate countless new cracks when the material fractures. The alteration in iron is characterized by the presence of free graphite in ductile iron, which is deposited in a spherical or nodular form, rather than flowing like gray cast iron.
Qatar’s construction sector has been experiencing a boom recently, as the country pursues sustainable development and infrastructure development. This has prompted Qatar to pay increasing attention to cast iron products, with imports reaching approximately $429 million in 2019.
Cast iron differs from steel in its high carbon content; steel contains less than 1% carbon. Cast iron, on the other hand, contains approximately 2-4% carbon and 1-3% silicon, in addition to other elements such as nickel, molybdenum, tungsten, and others. Cast iron is made from pig iron, the product of smelting iron ore, along with significant amounts of limestone and carbon.
Grand View Research, in a recent report, indicated that the iron casting market will grow at a compound annual growth rate of 6.1% between 2021 and 2028. The global iron casting market size will reach approximately $136.55 billion. However, other institutes and companies were more optimistic in their estimates.
Global Market Insights reports that the iron casting market is likely to reach $213 billion by 2027. The global iron casting market is currently estimated at approximately $146 billion.
According to its research, Mashroo3k Economic Consulting believes that the global market size for this industry will grow at a compound annual growth rate of 5.4%, bringing the overall market value of the industry to US$213.3 billion by 2027.
