South Korea Metal Casting Market Size, Share, and COVID-19 Impact Analysis, By Material Type (Cast Iron, Aluminum, Steel, Zinc, Magnesium, and Others), By Process (Sand Casting, Gravity Casting, High-Pressure Die Casting (HPDC), Low-Pressure Die Casting (LPDC), and Others), and South Korea Metal Casting Market Insights, Industry Trend, Forecasts to 2035

South Korea Metal Casting Market Insights Forecasts to 2035

• The South Korea Metal Casting Market Size is Expected to Grow at a CAGR of around 5.30% from 2025 to 2035
• The South Korea Metal Casting Market Size is Expected to reach a significant share by 2035.

According to a research report published by Spherical Insights and Consulting, The South Korea Metal Casting Market Size is expected to grow 5.30% CAGR from 2025 to 2035. Within the major factors propelling the market are the expanding use of cutting-edge technologies, the incorporation of additive manufacturing and 3D printing methods, the growing focus on environmentally friendly practices, and the growing investigation of eco-friendly alloys.

Market Overview

The industrial procedures and technologies used to create components by pouring molten metals into molds are included in the South Korean metal casting market. This market caters to a number of industries, such as electronics, construction, machinery, automotive, and aerospace. The casting techniques used enable the production of intricate and long-lasting components, meeting both local and foreign needs. Furthermore, South Korea's metal casting sector is growing rapidly as a result of several key market factors. The increasing demand for lightweight materials in the automotive and aerospace sectors is driving the use of metal casting techniques. Moreover, South Korea is home to several large automakers, and the nation's focus on reducing emissions and improving fuel efficiency is encouraging companies to use contemporary casting methods when producing parts. Additionally, South Korea's growing construction industry which is aided by government initiatives for infrastructure development is driving the demand for specialty cast products.

Report Coverage

This research report categorizes the market for the South Korea metal casting market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea metal casting market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea metal casting market.

Driving Factors

The aluminum and other lightweight alloys are becoming more and more popular in automotive casting applications due to the growing demand for lightweight components that increase fuel efficiency and reduce emissions. Metal casting businesses are seeing an increase in demand for specialized parts, such as those used in battery casings and electric motor housings, as the automotive industry shifts to electric vehicles (EVs). In addition, producers are using artificial intelligence (AI), data analytics, and sophisticated sensors to analyze and improve their casting procedures in real time. This raises operational efficiency in addition to the overall quality of the cast components.

Restraining Factors

Advanced casting methods, like die casting aluminum, necessitate large initial expenditures for specialized equipment and knowledgeable workers. These expenses might be too high for small and medium-sized businesses (SMEs), which would hinder their capacity to implement new technologies and successfully compete in the market.

Market Segmentation

The South Korea Metal Casting Market share is classified into material type and process.

• The aluminum segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea metal casting market is segmented by material type cast iron, aluminum, steel, zinc, magnesium, and others. Among these, the aluminum segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Aluminum is in high demand in industries like electronics and automotive that need lighter and more energy-efficient components because of its high thermal conductivity, corrosion resistance, and lightweight nature. Die casting and 3D printing are two examples of casting technology advancements that have strengthened aluminum's use in high-performance applications.

• The high-pressure die casting (HPDC) segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea metal casting market is segmented by process into sand casting, gravity casting, high-pressure die casting (HPDC), low-pressure die casting (LPDC), and others. Among these, the high-pressure die casting (HPDC) segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The its high efficiency, accuracy, and capacity to manufacture intricate parts for sectors like electronics, automotive, and aerospace, HPDC is the industry leader. The technique is popular for casting magnesium and aluminum because it provides superior surface finish and quick production cycles.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea metal casting market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Daewoo Shipbuilding and Marine Engineering
• Hanwha
• Kia Corporation
• Samyang Tongsang
• Hyundai Motor Company
• Steel Dynamics
• Others

Recent Developments:

• In June 2024, in order to openly share with all stakeholders including investors and customers the company's business results and long-term objectives, HYUNDAI WIA released the 2024 Sustainability Report. Since 2020, the company has released a sustainability report annually. The report unveiled a comprehensive plan for enhancing environmental, social, and governance (ESG) management. Furthermore, the specific objective for responding to climate change was emphasized. In order to address the issue proactively, a comprehensive goal for climate change was also included.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea Metal Casting Market based on the below-mentioned segments:

South Korea Metal Casting Market, By Material Type

• Cast Iron
• Aluminum
• Steel
• Zinc
• Magnesium
• Others

South Korea Metal Casting Market, By Process

• Sand Casting
• Gravity Casting
• High-Pressure Die Casting (HPDC)
• Low-Pressure Die Casting (LPDC)
• Others