Global Iron And Steel Casting Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Iron And Steel Casting Market is presumed to reach the market size of nearly USD 249.01 Billion by 2032 from USD 157.38 Billion in 2023 with a CAGR of 5.23% under the study period 2024 - 2032.

Iron and steel casting involves pouring molten iron or steel into molds to create solid metal components. This technique is widely used in various industries, including automotive, construction, and machinery, to produce parts with complex shapes and high structural integrity. The casting process begins with melting iron or steel and then pouring the molten metal into molds that shape the final product. Once cooled and solidified, the cast components undergo finishing processes such as machining & surface treatment to meet specific design and performance requirements. These castings are valued for their durability, strength, and versatility, making them essential in manufacturing various products, from engine blocks and structural components to machinery parts and infrastructure elements. The efficiency and precision of casting technology contribute to its continued importance in industrial production.

Market Dynamics

The increasing demand for durable and high-performance components in various industrial sectors drives the iron and steel casting market. As automotive, construction, and machinery industries expand, the need for robust iron and steel castings that provide strength and reliability in critical applications is rising. These industries rely on casting technology to produce components with complex geometries and high structural integrity, driving market demand. Technological advancements in casting processes present significant opportunities for the market. Innovations such as computer-aided design (CAD) and computer-aided manufacturing (CAM) have enhanced the precision and efficiency of casting operations.

Additionally, developing advanced materials and techniques, such as high-performance alloys and rapid prototyping, expands the possibilities for creating specialized and high-quality castings. The growth of infrastructure and construction projects globally also contributes to market growth. As urbanization and infrastructure development continue, there is an increased need for cast iron and steel components in construction machinery, structural elements, and transportation infrastructure. This trend drives demand for castings that meet rigorous performance and safety standards. However, fluctuations in raw material prices & environmental regulations related to casting emissions can restrain the growth of the iron and steel castings market.

The report has been created by using crucial tools such as Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of iron and steel casting.

Market Segmentation

The study offers a decisive view of the global iron and steel casting market by segmenting it in terms of material and application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.

By Material

Gray Iron
Ductile Iron
Steel
Malleable Iron

By Application

Automotive & Transport
Pipes & Fittings
Pumps & Valves
Machinery & Equipment
Others
Regional Analysis

This section covers iron and steel casting market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global iron and steel casting market along with the individual application segment across all the prominent region.

This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global Iron And Steel Casting market are ArcelorMittal S.A., Amsted Rail Company Inc., Tata Steel Limited, Evraz PLC, Hitachi Metals Ltd., Nucor Corporation, Kobe Steel Ltd., ESCO Corporation, Calmet Inc., Hyundai Steel Company, Nelcast Limited, and OSCO Industries Inc.. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.

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Product Code: VMR11211218

1 . PREFACE

1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY

2.1. Highlights of Iron And Steel Casting Market
2.2. Global Iron And Steel Casting Market Snapshot

3 . IRON AND STEEL CASTING - INDUSTRY ANALYSIS

3.1. Introduction
3.2. Market Drivers of Iron And Steel Casting Market
3.3. Market Restraints of Iron And Steel Casting Market
3.4. Opportunities of Iron And Steel Casting Market
3.5. Trends of Iron And Steel Casting Market
3.6. Porter's Five Force Analysis of Iron And Steel Casting Market
3.7. Iron And Steel Casting Market Attractiveness Analysis
- 3.7.1 Market Attractive Analysis by Material
- 3.7.2 Market Attractive Analysis by Application
- 3.7.3 Market Attractive Analysis by Region

4 . VALUE CHAIN ANALYSIS

4.1. Iron And Steel Casting Value Chain Analysis
4.2. Iron And Steel Casting Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Iron And Steel Casting Raw Material Manufactures List
- 4.2.3. Price Trend of Iron And Steel Casting Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend

5 . GLOBAL IRON AND STEEL CASTING MARKET ANALYSIS BY MATERIAL

5.1 Overview by Material
5.2 Global Iron And Steel Casting Market Analysis by Material
5.3 Market Analysis of Gray Iron by Regions
5.4 Market Analysis of Ductile Iron by Regions
5.5 Market Analysis of Steel by Regions
5.6 Market Analysis of Malleable Iron by Regions

6 . GLOBAL IRON AND STEEL CASTING MARKET ANALYSIS BY APPLICATION

6.1 Overview by Application
6.2 Global Iron And Steel Casting Market Analysis by Application
6.3 Market Analysis of Automotive & Transport by Regions
6.4 Market Analysis of Pipes & Fittings by Regions
6.5 Market Analysis of Pumps & Valves by Regions
6.6 Market Analysis of Machinery & Equipment by Regions
6.7 Market Analysis of Others by Regions

7 . GLOBAL IRON AND STEEL CASTING MARKET ANALYSIS BY GEOGRAPHY

7.1. Regional Outlook
7.2. Introduction
7.3. North America
- 7.3.1. Overview
- 7.3.2. North America Iron And Steel Casting Market Estimate by Market Segment
- 7.3.3. North America Iron And Steel Casting Market Estimate by Country
- 7.3.4. United State
- 7.3.5. Rest of North America
7.4. Europe
- 7.4.1. Overview
- 7.4.2. Europe Iron And Steel Casting Market Estimate by Market Segment
- 7.4.3. Europe Iron And Steel Casting Market Estimate by Country
- 7.4.4. United Kingdom
- 7.4.5. France
- 7.4.6. Germany
- 7.4.7 Rest of Europe
7.5. Asia Pacific
- 7.5.1. Overview
- 7.5.2. Asia Pacific Iron And Steel Casting Market Estimate by Market Segment
- 7.5.3. Asia Pacific Iron And Steel Casting Market Estimate by Country
- 7.5.4. China
- 7.5.5. Japan
- 7.5.6. India
- 7.5.7. Rest of Asia Pacific
7.6. Latin America
- 7.6.1. Overview
- 7.6.2. Latin America Iron And Steel Casting Market Estimate by Market Segment
- 7.6.3. Latin America Iron And Steel Casting Market Estimate by Country
- 7.6.4. Brazil
- 7.6.5. Rest of Latin America
7.7. Middle East & Africa
- 7.7.1. Overview
- 7.7.2. Middle East & Africa Iron And Steel Casting Market Estimate by Market Segment
- 7.7.3. Middle East & Africa Iron And Steel Casting Market Estimate by Country
- 7.7.4. Middle East
- 7.7.5. Africa

8 . COMPETITIVE LANDSCAPE OF THE IRON AND STEEL CASTING COMPANIES

8.1. Iron And Steel Casting Market Competition
8.2. Partnership/Collaboration/Agreement
8.3. Merger And Acquisitions
8.4. New Product Launch
8.5. Other Developments

9 . COMPANY PROFILES OF IRON AND STEEL CASTING INDUSTRY

9.1. Company Share Analysis
9.2. Market Concentration Rate
9.3. Arcelor Mittal S.A.
- 9.3.1. Company Overview
- 9.3.2. Financials
- 9.3.3. Products
- 9.3.4. Recent Developments
9.4. Amsted Rail Company Inc.
- 9.4.1. Company Overview
- 9.4.2. Financials
- 9.4.3. Products
- 9.4.4. Recent Developments
9.5. Tata Steel Limited
- 9.5.1. Company Overview
- 9.5.2. Financials
- 9.5.3. Products
- 9.5.4. Recent Developments
9.6. Evraz PLC
- 9.6.1. Company Overview
- 9.6.2. Financials
- 9.6.3. Products
- 9.6.4. Recent Developments
9.7. Hitachi Metals Ltd.
- 9.7.1. Company Overview
- 9.7.2. Financials
- 9.7.3. Products
- 9.7.4. Recent Developments
9.8. Nucor Corporation
- 9.8.1. Company Overview
- 9.8.2. Financials
- 9.8.3. Products
- 9.8.4. Recent Developments
9.9. Kobe Steel Ltd.
- 9.9.1. Company Overview
- 9.9.2. Financials
- 9.9.3. Products
- 9.9.4. Recent Developments
9.10. ESCO Corporation
- 9.10.1. Company Overview
- 9.10.2. Financials
- 9.10.3. Products
- 9.10.4. Recent Developments
9.11. Calmet Inc.
- 9.11.1. Company Overview
- 9.11.2. Financials
- 9.11.3. Products
- 9.11.4. Recent Developments
9.12. Hyundai Steel Company
- 9.12.1. Company Overview
- 9.12.2. Financials
- 9.12.3. Products
- 9.12.4. Recent Developments
9.13. Nelcast Limited
- 9.13.1. Company Overview
- 9.13.2. Financials
- 9.13.3. Products
- 9.13.4. Recent Developments
9.14. OSCO Industries Inc.
- 9.14.1. Company Overview
- 9.14.2. Financials
- 9.14.3. Products
- 9.14.4. Recent Developments

Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies