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Iron & Steel Casting Market Share

  • Report ID: GMI1545
  • Published Date: Jan 2021
  • Report Format: PDF
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Iron & Steel Casting Market Share

The global iron & steel casting market will experience intense market competition in the coming years. It can be ascribed to the implementation of various aggressive strategies, such as focused research & development activities, expansion of production capacity, and acquisitions by some of the key product manufacturers, to bolster their market position.
 

Some key players in the iron & steel casting industry are

  • ArcelorMittal
  • POSCO
  • Thyssenkrupp AG
  • Hitachi Metals Co., Ltd.
  • Baosteel Group Corporation
  • TATA Steel
  • Voestalpine Group
  • HBIS Group Co., Ltd.
  • Nucor Corporation
  • Nippon Steel Corporation
  • CALMET
  • Waupaca Foundry, Inc.
  • Uniabex
  • Nelcast Limited

Major end-users opt for long-term agreements with iron & steel casting manufacturers for ensuring the efficient product supply.

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The global market for iron & steel casting had reached over USD 145.97 billion in 2020 and will expand at around 5.4% CAGR up to 2027 with increasing demand from the auto manufacturing sector.

The sand-casting process segment contributed around USD 75 billion towards iron & steel casting industry in 2020 for the production of complex metal components made from any alloy.

Iron casting segment held more than 80% of the iron & steel casting industry share in 2020 owing to advantages over steel with regards to compressive strength, cast and machining.

APAC iron & steel casting industry held over 60% of the global volume share in 2020 and will grow due to a large number of foundries, manufacturing facilities and vast availability of raw materials.

Iron & Steel Casting Market Scope

  • Iron & Steel Casting Market Size
  • Iron & Steel Casting Market Analysis
  • Iron & Steel Casting Market Share

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    Premium Report Details

    • Base Year: 2020
    • Companies covered: 14
    • Tables & Figures: 258
    • Countries covered: 21
    • Pages: 180
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