The Iron and Steel Casting Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Iron and Steel Casting Market?
The market size for iron and steel casting has seen significant growth recently. In 2024, it was valued at $173.74 billion and is expected to reach $185.13 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Iron and Steel Casting Industry?
The Iron and Steel Casting market is projected to grow to $248.88 billion by 2029, with a compound annual growth rate (CAGR) of 7.7%.
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What are the Key Growth Drivers Fueling the Iron and Steel Casting Market?
The key drivers in the iron and steel casting market are:
• Adherence to industry standards in iron and steel casting
• Advanced materials development in the industry
• Focus on precision and quality in casting processes
• Global infrastructure development projects necessitating increased production
Global Market Segmentation: Identifying Major Iron and Steel Casting Industry Segments
The iron and steel casting market covered in this report is segmented –
1) By Type: Large Casting, Medium Casting, Small Casting
2) By Material Type: Gray Iron, Ductile Iron, Steel, Malleable Iron
3) By Application Type: Automotive And Transport, Pipes And Fittings, Pumps And Valves, Machinery And Equipment, Other Applications
4) By End-Use Type: Machine Tools, Mining, Transportation, Construction, Electrical, Steel Industry, Other End-Users
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What are the Emerging Trends Shaping the Future of the Iron and Steel Casting Market?
The key trends in the iron and steel casting market are:
• Adherence to industry standards is becoming increasingly pivotal in this market.
• There is a rising emphasis on precision, quality, and material advancements.
• Major trends expected include sustainable casting practices and product innovations.
• Another rising trend is for strategic partnerships and technological advancements.
Who Are the Top Competitors & Leading Players in the Iron and Steel Casting Market?
Major companies in the iron and steel casting market are:
• ArcelorMittal S.A.
• AMSTED Industries Incorporated
• Tata Steel Ltd.
• Evraz PLC
• Hitachi Metals Ltd.
• Nucor Corporation
• Kobe Steel Ltd.
• The ESCO Group
• Calmet
• Hyundai Steel Co. Ltd.
• Nelcast Limited
• OSCO Industries Inc.
• Peekay Steel Castings Pvt. Ltd.
• Impro Industries USA Inc.
• MetalTek International
• Tupy SA
• Waupaca Foundry Inc.
• Neenah Foundry Company
• Aarrowcast Inc.
• Dotson Iron Castings
• Grede Holdings LLC
• Metal Technologies Inc.
• Cifuns
• Brantingham Manufacturing
• Badger Foundry Company
• Benton Foundry
• Cast Technologies Inc.
• American Iron & Alloys Corporation
• Liaoning Borui Machinery Co. Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the iron and steel casting market analysis in 2024 and is expected to be the fastest-growing region in the forecast period
