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.
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:
- ArcelorMittal
- Amsted Rail
- Tata Steel
- Evraz
- Hitachi Metals
- Nucor
- Kobe Steel
- ESCO Group
- Calmet
- Hyundai Steel
- Nelcast
- OSCO Industries
Highlights of The Iron and Steel Casting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the 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
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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
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- Consumer Insights
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- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- 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
