Iron and steel casting is a process which is used in the production of cast iron and cast steel. Cast iron is produced by melting pig iron and then mixing it with the steel or scrap iron. Steel casting is done by strand casting or continuous casting method. Iron and steel casting is done for reduction of carbon and silicone content in iron and steel. Iron and steel casting is used in the production of cast iron and steel such as gray iron, ductile iron, steel etc. industries such as automotive & transport, pipes & fittings, pumps & valves, machinery & equipment etc. have wide usage of cast iron and steel.
MARKET DYNAMICS
The growing demand processed iron and steel via casting method for the heavy steel and heavy construction equipment in the construction industry will drive the demand growth for the iron and steel casting market. Predominantly, volatility in raw material prices may hamper the growth for iron and steel casting market. However, increasing demand of iron and steel casting for the production of earth moving and mining equipment for mining industry will create opportunity for the iron and steel casting market.
MARKET SCOPE
The "Iron and Steel Casting Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the iron and steel casting market with detailed market segmentation by material, application and region. The iron and steel casting market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading iron and steel casting market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The iron and steel casting market is segmented on the basis of material and application. On the basis of material, the iron and steel casting market is segmented into gray iron, ductile iron, steel, malleable iron, others. On the basis of application, the iron and steel casting market is segmented into, automotive & transport, pipes & fittings, pumps & valves, machinery & equipment, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the iron and steel casting market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Iron and steel casting market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the iron and steel casting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the iron and steel casting market in these regions.
MARKET PLAYERS
The reports cover key developments in the iron and steel casting market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from iron and steel casting market are anticipated to lucrative growth opportunities in the future with the rising demand for iron and steel casting in the global market. Below mentioned is the list of few companies engaged in the iron and steel casting market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the iron and steel casting market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amsted Rail Company Inc.
- Calmet, Inc.
- ESCO Corporation
- Evraz plc
- Hitachi Metals, Ltd.
- Kobe Steel, Ltd.
- Nelcast Limited
- Nucor Corporation
- OSCO Industries, Inc.
- Tata Steel Limited