Home > Chemicals & Materials > Advanced Materials > Functional Materials > Iron & Steel Casting Market

Iron & Steel Casting Market Share

Report ID: GMI1545
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

Iron & Steel Casting Market Share

Iron & Steel Casting Market Company Share, (2023)

Prominent players such as Kobe Steel, Hyundai Steel, and CALMET play integral roles in driving growth and innovation within the iron & steel casting industry. Their major growth strategies include investing in advanced technologies and automation to enhance production efficiency and product quality. This helps expand their production capacities to meet rising demand and focus on sustainability by adopting eco-friendly production processes.

Additionally, they are pursuing mergers and acquisitions to consolidate their market presence and gain access to new markets and resources. Companies are also emphasizing the development of high-performance and specialty castings to cater to specific industry needs, as well as forming strategic partnerships and collaborations to drive innovation and expand their product offerings. Through these multifaceted approaches, they aim to achieve competitive advantages and sustainable growth in the dynamic market.

Iron & Steel Casting Market Companies

Major players operating in the iron & steel casting industry include:

Arcelor Mittal
POSCO
CALMET
Waupaca Foundry Inc
Uniabex
Merck KGaA
Nippon Steel Corporation
Hyundai Steel
Nucor Corporation
Kobe Steel

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

Industry size for iron & steel casting was worth USD 162.68 billion in 2023 and will grow at 3.8% CAGR between 2024 and 2032, driven by robust industrialization, infrastructure development, and demand from automotive and construction sectors.

The iron segment in the iron & steel casting market reached USD 128.67 billion in 2023 and will record 3.8% CAGR through 2032, primarily due to its widespread applications across industries, such as automotive, construction, and machinery.

Asia Pacific industry achieved USD 80.67 billion in 2023 and will expand at 3.4% CAGR through 2032, propelled by the region's extensive manufacturing base, growing construction activities, and automotive production.

Some of the prominent industry players are Arcelor Mittal, POSCO, CALMET, Waupaca Foundry Inc, Uniabex, Merck KGaA, Nippon Steel Corporation, Hyundai Steel, Nucor Corporation, and Kobe Steel, among others.