Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Iron and Steel Casting Market by Type (Large Casting(40MT-320MT), Medium Casting(9MT-40MT), Small Casting(5Kg-8MT)), By Application (Automotive & Transport, Pipes & Fittings, Pumps & Valves, Machinery & Equipment, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Iron and Steel Casting Market by Type (Large Casting(40MT-320MT), Medium Casting(9MT-40MT), Small Casting(5Kg-8MT)), By Application (Automotive & Transport, Pipes & Fittings, Pumps & Valves, Machinery & Equipment, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 144660 3300 Chemical & Material 377 249 Pages 4.6 (34)
                                          

Market Overview:


The global iron and steel casting market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for castings from the automotive & transport, pipes & fittings, pumps & valves, machinery & equipment, and other applications industries. In terms of volume, large casting is expected to dominate the global iron and steel casting market during the forecast period. However, in terms of value share, medium-sized castings are expected to account for a larger share than large castings during the forecast period.


Global Iron and Steel Casting Industry Outlook


Product Definition:


Iron and steel casting is the process of making objects from molten iron or steel. It is used to make a wide variety of objects, including parts for machines, tools, and vehicles. The importance of iron and steel casting lies in its ability to create precise shapes with a high degree of accuracy.


Large Casting(40MT-320MT):


Large casting is a process in which molten metal is poured into a mold cavity of definite shape and size. The process has various advantages such as it can produce complex shapes, high volume, short run production with low inventory cost and quick turn-times. It also helps to reduce energy consumption during the manufacturing process due to its ability to mass-produce parts with minimum wastage.


The global large casting market size was valued at USD 6,500 million in 2016.


Medium Casting(9MT-40MT):


Medium casting is a process in which molten metal is cast into a mold under high pressure. The metal must be able to retain its characteristics throughout the process, from being liquid to solidification. There are various types of medium casting including 9Mt-40Mt, 10 Mt-45 Mt, 15 Mt-60Mt and 20 Mt-65Mt.


The demand for medium casting has increased over the past few years due to technological developments such as automation.


Application Insights:


The global demand has witnessed a paradigm shift due to the growing need for lightweight vehicles. The automotive & transport application segment accounted for a volume share of over 40% in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing production of passenger cars and commercial vehicles, especially in China, India, South Korea and Japan.


Pipes & fittings was the second largest application segment with a volume share of 29% in 2017 owing to rising steel consumption in construction industry globally as it is economical than other materials like aluminum or copper. Pipes are used for various applications including water supply, drainage systems, gas transmission etc., which require seamless joints between different components resulting into high-quality pipes suitable for long distances without any leaks or corrosion issues at all costs.


Pumps & valves are widely used across various industries such as oil & gas processing plants (pumps), chemical plants (valves) power generation etc.


Regional Analysis:


Asia Pacific dominated the global iron and steel casting market in 2016, accounting for a share of over 45%. The region is also expected to be the fastest-growing market over the forecast period. This growth can be attributed to increasing demand from developing countries such as India and China. In addition, rising infrastructure activities are projected to fuel demand in this region.


The Middle East & Africa is anticipated to grow at a significant rate owing to its growing construction sector on account of increasing government spending on infrastructure projects such as airports, hospitals, schools, roads etc., which will drive product demand across various applications including large casting products up to 8 MT; medium products weighing 9 kg up tp 40 MT; small products weighing 5 kg up tp 8MT).


North America was one of the prominent markets for iron.


Growth Factors:


  • Growing demand from the automotive and construction industries
  • Increasing use of castings in manufacturing processes
  • Technological advancements in iron and steel casting processes
  • Rising demand for customized castings products
  • Growing awareness about the benefits of using castings over other manufacturing methods

Scope Of The Report

Report Attributes

Report Details

Report Title

Iron and Steel Casting Market Research Report

By Type

Large Casting(40MT-320MT), Medium Casting(9MT-40MT), Small Casting(5Kg-8MT)

By Application

Automotive & Transport, Pipes & Fittings, Pumps & Valves, Machinery & Equipment, Other

By Companies

ArcelorMittal, Amsted Rail, Tata Steel, Evraz, Hitachi Metals, Nucor, Kobe Steel, ESCO Group, Calmet, Hyundai Steel, Nelcast, OSCO Industries

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

249

Number of Tables & Figures

175

Customization Available

Yes, the report can be customized as per your need.


Global Iron and Steel Casting Market Report Segments:

The global Iron and Steel Casting market is segmented on the basis of:

Types

Large Casting(40MT-320MT), Medium Casting(9MT-40MT), Small Casting(5Kg-8MT)

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Automotive & Transport, Pipes & Fittings, Pumps & Valves, Machinery & Equipment, Other

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. ArcelorMittal
  2. Amsted Rail
  3. Tata Steel
  4. Evraz
  5. Hitachi Metals
  6. Nucor
  7. Kobe Steel
  8. ESCO Group
  9. Calmet
  10. Hyundai Steel
  11. Nelcast
  12. OSCO Industries

Global Iron and Steel Casting Market Overview


Highlights of The Iron and Steel Casting Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Large Casting(40MT-320MT)
    2. Medium Casting(9MT-40MT)
    3. Small Casting(5Kg-8MT)
  1. By Application:

    1. Automotive & Transport
    2. Pipes & Fittings
    3. Pumps & Valves
    4. Machinery & Equipment
    5. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Iron and Steel Casting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Iron and Steel Casting Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Iron and steel casting is a process of making objects from metal by pouring the molten metal into a mold, and then allowing it to cool and solidify.

Some of the major companies in the iron and steel casting market are ArcelorMittal, Amsted Rail, Tata Steel, Evraz, Hitachi Metals, Nucor, Kobe Steel, ESCO Group, Calmet, Hyundai Steel, Nelcast, OSCO Industries.

The iron and steel casting market is expected to register a CAGR of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Iron and Steel Casting Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Iron and Steel Casting Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Iron and Steel Casting Market - Supply Chain
   4.5. Global Iron and Steel Casting Market Forecast
      4.5.1. Iron and Steel Casting Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Iron and Steel Casting Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Iron and Steel Casting Market Absolute $ Opportunity

5. Global Iron and Steel Casting Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Iron and Steel Casting Market Size and Volume Forecast by Type
      5.3.1. Large Casting(40MT-320MT)
      5.3.2. Medium Casting(9MT-40MT)
      5.3.3. Small Casting(5Kg-8MT)
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Iron and Steel Casting Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Iron and Steel Casting Market Size and Volume Forecast by Application
      6.3.1. Automotive & Transport
      6.3.2. Pipes & Fittings
      6.3.3. Pumps & Valves
      6.3.4. Machinery & Equipment
      6.3.5. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Iron and Steel Casting Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Iron and Steel Casting Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Iron and Steel Casting Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Iron and Steel Casting Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Iron and Steel Casting Demand Share Forecast, 2019-2026

9. North America Iron and Steel Casting Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Iron and Steel Casting Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Iron and Steel Casting Market Size and Volume Forecast by Application
      9.4.1. Automotive & Transport
      9.4.2. Pipes & Fittings
      9.4.3. Pumps & Valves
      9.4.4. Machinery & Equipment
      9.4.5. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Iron and Steel Casting Market Size and Volume Forecast by Type
      9.7.1. Large Casting(40MT-320MT)
      9.7.2. Medium Casting(9MT-40MT)
      9.7.3. Small Casting(5Kg-8MT)
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Iron and Steel Casting Demand Share Forecast, 2019-2026

10. Latin America Iron and Steel Casting Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Iron and Steel Casting Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Iron and Steel Casting Market Size and Volume Forecast by Application
      10.4.1. Automotive & Transport
      10.4.2. Pipes & Fittings
      10.4.3. Pumps & Valves
      10.4.4. Machinery & Equipment
      10.4.5. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Iron and Steel Casting Market Size and Volume Forecast by Type
      10.7.1. Large Casting(40MT-320MT)
      10.7.2. Medium Casting(9MT-40MT)
      10.7.3. Small Casting(5Kg-8MT)
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Iron and Steel Casting Demand Share Forecast, 2019-2026

11. Europe Iron and Steel Casting Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Iron and Steel Casting Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Iron and Steel Casting Market Size and Volume Forecast by Application
      11.4.1. Automotive & Transport
      11.4.2. Pipes & Fittings
      11.4.3. Pumps & Valves
      11.4.4. Machinery & Equipment
      11.4.5. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Iron and Steel Casting Market Size and Volume Forecast by Type
      11.7.1. Large Casting(40MT-320MT)
      11.7.2. Medium Casing(9MT-40MT)
      11.7.3. Small Casting(5Kg-8MT)
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Iron and Steel Casting Demand Share, 2019-2026

12. Asia Pacific Iron and Steel Casting Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Iron and Steel Casting Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Iron and Steel Casting Market Size and Volume Forecast by Application
      12.4.1. Automotive & Transport
      12.4.2. Pipes & Fittings
      12.4.3. Pumps & Valves
      12.4.4. Machinery & Equipment
      12.4.5. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Iron and Steel Casting Market Size and Volume Forecast by Type
      12.7.1. Large Casting(40MT-320MT)
      12.7.2. Medium Casting(9MT-40MT)
      12.7.3. Small Casting(5Kg-8MT)
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Iron and Steel Casting Demand Share, 2019-2026

13. Middle East & Africa Iron and Steel Casting Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Iron and Steel Casting Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Iron and Steel Casting Market Size and Volume Forecast by Application
      13.4.1. Automotive & Transport
      13.4.2. Pipes & Fittings
      13.4.3. Pumps & Valves
      13.4.4. Machinery & Equipment
      13.4.5. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Iron and Steel Casting Market Size and Volume Forecast by Type
      13.7.1. Large Casting(40MT-320MT)
      13.7.2. Medium Casting(9MT-40MT)
      13.7.3. Small Casting(5Kg-8MT)
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Iron and Steel Casting Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Iron and Steel Casting Market: Market Share Analysis
   14.2. Iron and Steel Casting Distributors and Customers
   14.3. Iron and Steel Casting Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. ArcelorMittal
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Amsted Rail
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Tata Steel
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Evraz
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Hitachi Metals
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Nucor
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Kobe Steel
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. ESCO Group
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Calmet
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Hyundai Steel
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Nelcast
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. OSCO Industries
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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