In 2023, the sold production of casting services of grey cast iron in France stood at an estimated 175 million kilograms. The forecast for 2024 indicates a decline to 170.19 million kilograms, continuing a downward trend over the subsequent years to reach 147.81 million kilograms by 2028. The year-on-year decrease suggests a consistent annual contraction, with the total change over the last two years being notable. The five-year CAGR points to a gradual average annual decrease. The trend reflects potential structural shifts or decreased demand within the industry.
Future trends to watch for include:
- Technological advancements in casting processes that might enhance efficiency or reduce demand for grey cast iron.
- Changes in industry standards or regulatory environments impacting production practices.
- Market shifts towards alternative materials or global competition affecting local production.
- Economic factors that could alter manufacturing outputs and industry reliance on grey cast iron.
