Philippines Iron & Steel Casting Market (2025-2031) Outlook | Forecast, Revenue, Trends, Analysis, Companies, Value, Share, Industry, Growth & Size

Name: Philippines Iron & Steel Casting Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Material (Iron, Steel), By Process (Sand casting, Die casting, Others), By Application (Automotive, Industrial machinery, Pipes, fittings and valves, Power & electrical, Sanitary, Others) And Competitive Landscape

Product Code: ETC358589	Publication Date: Aug 2022	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

Philippines Iron & Steel Casting Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, the Philippines continued to see significant imports of iron & steel casting, with top exporters being South Korea, Japan, China, Taiwan, and India. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The industry demonstrated impressive growth, with a Compound Annual Growth Rate (CAGR) of 55.07% from 2020-2024. The growth rate from 2023-2024 soared to 107.03%, showcasing a robust demand for iron & steel casting in the Philippines. The dominance of key exporting countries highlights the importance of strategic partnerships and market dynamics in shaping the industry landscape.

Philippines Iron & Steel Casting Market Top 5 Importing Countries and Market Competition (HHI) Analysis

philippines iron steel casting market Synopsis

Iron castings are widely used throughout many parts of global markets due their strong mechanical properties compared with other alloys or metals that can be formed using similar methods like sand casting or investment casting processes. In 2025, Philippine iron steel casting market had a strong growth supported by increasing demands from various sectors including transportations, energy generation, agriculture & mining along with residential/ commercial constructions. Total value produced on this segment was approximately 32 billion pesos ( 717 Million USD ) while exports accounted almost 1 % share on this figure generating 4 Billion Pesos ( 88 Million USD ). Most part of these exports were shipped towards Asian countries such us China, Japan & South Korea.

Drivers of the Market

The iron and steel casting market is influenced by industries requiring complex metal components, such as automotive, machinery, and construction. The market outlook depends on the growth of these industries, technological advancements in casting techniques, and the need for precision and quality in manufactured parts.

Challenges of the Market

The iron and steel casting industry may face challenges related to energy efficiency, waste reduction, and ensuring consistent casting quality. Managing the environmental impact of foundries and adhering to safety regulations while maintaining cost-effectiveness can be demanding.

COVID-19 Impact on the Market

The iron and steel casting market in the Philippines faced setbacks as the pandemic disrupted manufacturing processes and supply chains. Reduced demand from industries such as automotive and machinery also played a role. As industries recover and global trade improves, the demand for iron and steel casting could regain momentum.

Key Players in the Market

The key players in the Philippines iron and steel casting market are Malayan Foundries, Inc., Filipino Industrial Manufacturing Corporation (FIMCO), Ferron Steel Castings Co., Inc., San Miguel Yamamura Steel Casting & Engineering Corporation, Manila Pipes and Fittings Corp. (MPFC), Ironsteel Industries, Inc., International Metals & Alloys Corp., CJC Metal Products Manufacturing Corporation, Hiyas Caster`s Foundry; Galinco Engineering Services; Universal Blower Systems, Inc. ; United Asia Automotive Group; and Philippine Nippon Steel Corporation.

Key Highlights of the Report:

Philippines Iron & Steel Casting Market Outlook
Market Size of Philippines Iron & Steel Casting Market, 2024
Forecast of Philippines Iron & Steel Casting Market, 2031
Historical Data and Forecast of Philippines Iron & Steel Casting Revenues & Volume for the Period 2021-2031
Philippines Iron & Steel Casting Market Trend Evolution
Philippines Iron & Steel Casting Market Drivers and Challenges
Philippines Iron & Steel Casting Price Trends
Philippines Iron & Steel Casting Porter's Five Forces
Philippines Iron & Steel Casting Industry Life Cycle
Historical Data and Forecast of Philippines Iron & Steel Casting Market Revenues & Volume By Material for the Period 2021-2031
Historical Data and Forecast of Philippines Iron & Steel Casting Market Revenues & Volume By Iron for the Period 2021-2031
Historical Data and Forecast of Philippines Iron & Steel Casting Market Revenues & Volume By Steel for the Period 2021-2031
Historical Data and Forecast of Philippines Iron & Steel Casting Market Revenues & Volume By Process for the Period 2021-2031
Historical Data and Forecast of Philippines Iron & Steel Casting Market Revenues & Volume By Sand casting for the Period 2021-2031
Historical Data and Forecast of Philippines Iron & Steel Casting Market Revenues & Volume By Die casting for the Period 2021-2031
Historical Data and Forecast of Philippines Iron & Steel Casting Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of Philippines Iron & Steel Casting Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Philippines Iron & Steel Casting Market Revenues & Volume By Automotive for the Period 2021-2031
Historical Data and Forecast of Philippines Iron & Steel Casting Market Revenues & Volume By Industrial machinery for the Period 2021-2031
Historical Data and Forecast of Philippines Iron & Steel Casting Market Revenues & Volume By Pipes, fittings and valves for the Period 2021-2031
Historical Data and Forecast of Philippines Iron & Steel Casting Market Revenues & Volume By Power & electrical for the Period 2021-2031
Historical Data and Forecast of Philippines Iron & Steel Casting Market Revenues & Volume By Sanitary for the Period 2021-2031
Historical Data and Forecast of Philippines Iron & Steel Casting Market Revenues & Volume By Others for the Period 2021-2031
Philippines Iron & Steel Casting Import Export Trade Statistics
Market Opportunity Assessment By Material
Market Opportunity Assessment By Process
Market Opportunity Assessment By Application
Philippines Iron & Steel Casting Top Companies Market Share
Philippines Iron & Steel Casting Competitive Benchmarking By Technical and Operational Parameters
Philippines Iron & Steel Casting Company Profiles
Philippines Iron & Steel Casting Key Strategic Recommendations