Comprehensive historical analysis of global market for Iron & Steel Casting has thoroughly analyzed in this report. It offers data and insights from 2019-2022, and provides extensive market forecasts from 2023-2032 by region/country and subsectors. It covers the price, sales volume, revenue, historical growth, gross margin, and future outlooks for the Iron & Steel Casting market.
The Global Iron & Steel Casting Market is expected to reach USD 2,490 billion by 2030, at a CAGR of 5.5% during the forecast period 2022 to 2030.
The report includes growth prospects in the Global Iron & Steel Casting Market by type, application, sub segement and region and QMI has compiled a comprehensive detailed research report to offer insights. The report details consumption in the Advanced Materials and other sectors. Regional coverage spans North America, Europe, and rest of the world including Asia Pacific.
Leading players of Iron & Steel Casting including:
Arcelor Mittal, China BaoWu Steel Group Corporation Limited, Nippon Steel Corporation, HBIS Group, Jiangsu Shagang Group, POSCO HOLDINGS INC., Tata Steel, JFE Steel Corporation, Shougang Group, Nucor Corporation, JSW, SAIL, NLMK, Techint Group, and U.S. Steel Corporation.
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Market split by Segement, can be divided into:
Global Iron & Steel Casting Market, By Type
- Grey Iron
- Malleable Iron
- Ductile Iron
Global Iron & Steel Casting Market, By Application
- Automotive Segment
- Infrastructure & Construction Machine
- Industrial Machinery Segment
Market segment by Region/Country including:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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In 2021, the grey iron segment dominated the market with the largest market share of 37% and market revenue of 569.0 billion.
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Challenges Facing the Market
1. Corrosion & Durability Concerns
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The presence of nonmetallic elements like silicon carbide can impact the durability of castings.
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Manufacturers are focusing on advanced coating technologies to improve resistance to corrosion.
2. Environmental Regulations & Sustainability Issues
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The iron & steel industry is under pressure to reduce carbon emissions and energy consumption.
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Adoption of eco-friendly manufacturing processes is a key trend in the sector.
Regional Market Insights
1. Asia-Pacific: The Leading Market
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The Asia-Pacific region dominates due to rapid industrialization and urbanization in countries like China and India.
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Major investments in infrastructure and transportation projects are driving demand.
2. Europe: Fastest Growing Region
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Europe is witnessing rapid growth in steel casting demand due to automotive advancements and sustainable construction projects.
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Government regulations promoting low-emission industrial production are shaping market trends.
Recent Developments in the Industry
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December 2021: Alstom partnered with the National Authority for Tunnels to supply 55 Metropolis trains, incorporating iron and steel casting components.
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March 2021: Siemens Mobility introduced MoComp, a centralized database for rolling stock spare parts, enhancing the efficiency of steel casting components.
Whats covered in the report?
1. Overview of the Iron & Steel Casting market.
2. The current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa) market size data for the Iron & Steel Casting market, based on segement.
3. Iron & Steel Casting Market trends.
4. Iron & Steel Casting Market drivers.
5. Analysis of major company profiles.
Reasons to buy this Market Report:
1. Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Iron & Steel Casting market.
2. Use the SWOT analysis to determine the competitive intensity and therefore attractiveness of the emerging Iron & Steel Casting Industry.
3. Leading company profiles reveal details of key Iron & Steel Casting market players emerging five operations and financial performance.
4. Add weight to presentations and pitches by understanding the future growth prospects of the emerging Iron & Steel Casting market with five year historical forecasts.
5. Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region.
6. Extensive information on factors that will amplify the growth of the Iron & Steel Casting market over the upcoming seven years
7. Accurate estimation of the global Iron & Steel Casting market size
8. Exact estimations of the upcoming trends and changes observed in the consumer behavior
9. Growth of the global Iron & Steel Casting market across the North & South America, EMEA, Asia Pacific, and Latin America
10. Information about Iron & Steel Casting market growth potential
11. In-depth analysis of the industry’s competitive landscape and detailed information vis-a-vis on various vendors
12. Furnishing of detailed information on the factors that will restrain the growth of the Iron & Steel Casting market
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