Global Iron And Steel Casting Market Report By Material (Gray Iron, Ductile Iron, Steel, Malleable Iron), By Application (Automotive & Transport, Pipes & Fittings, Pumps & Valves, Machinery & Equipment, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

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. Regarding volume, the market was calculated XX Kilo Tons in 2023 and forecast to touch XX Kilo Tons by 2032 with a CAGR of XX% during 2024-2032.

 Iron and steel casting is a process that takes place in a foundry. It is a process of injecting and pouring molten iron and steel into a mold to form an object of the desired shape. Iron & steel castings are used in the production of various intermediate products, which are employed in various application industries including automotive, agriculture, power generation, oil & gas, manufacturing machinery, and industrial units.
 
Market Dynamics
 
The increasing demand for iron and steel casting in automobile and electrical industries owing to their use in the manufacturing of components is driving the market growth. Furthermore, rising demand for steel casting in the construction industry owing to growing infrastructure-building activities is again fueling the market expansion. However, the availability of substitute such as aluminum-based alloys casting in several applications may hinder the market growth.
 
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.
 
Global Iron And Steel Casting Market Share by Region (Representative Graph)
 

 
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.