한글목차

세계 철강 주조 시장의 미래는 자동차 및 운송, 기계 및 장비, 펌프 및 밸브, 파이프 및 피팅의 각 용도에서의 기회로 인해 유망합니다. 세계 철강 주조 시장은 2025년부터 2031년까지 5.2%의 CAGR로 2031년까지 약 2,071억 달러에 달할 것으로 예상됩니다. 이 시장의 주요 촉진요인은 건설 산업의 급속한 성장과 자동차 및 산업 부문에서 이 주물에 대한 수요 증가입니다.

• Lucintel의 예측에 따르면, 제품 유형별로는 가공성, 주조성, 압축 강도 향상 등 다양한 장점을 가진 연성 철이 예측 기간 동안 더 큰 부문을 차지할 것으로 예상됩니다.
• 지역별로는 북미가 인프라 투자와 건설 활동의 증가로 인해 예측 기간 동안 가장 큰 지역으로 남을 것으로 보입니다.

철강 주조 시장의 전략적 성장 기회

철강 주조 시장은 전략적 성장 기회로 작용하는 다양한 용도를 제공합니다. 이러한 기회는 기술 발전, 주요 분야의 수요 증가, 소비자 선호도 및 취향의 변화에서 비롯됩니다. 성장 기회는 기업이 시장에서의 입지를 강화하고 미래 성장을 보장하기 위해 필수적입니다.

• 자동차 산업 진출 : 자동차 산업 진출은 철강 주조 시장의 중요한 성장 분야입니다. 엔진 실린더, 변속기 부품, 차체 부품과 같은 주조 재료는 자동차 산업에서 큰 시장을 가지고 있습니다. 이러한 발전은 자동차 엔지니어링에서 가볍고 내구성이 뛰어난 소재에 대한 요구가 증가함에 따라 기업들이 더 나은 주물 생산에 집중할 수 있게 되었기 때문에 가능했습니다. 이러한 성장 기회는 업계의 변화와 전기자동차 및 자율주행 차량으로의 전환과 일치하여 첨단 주조 공정에 새로운 기회를 가져다주고 있습니다.
• 건설 및 인프라 개발의 증가 : 건설 및 인프라 개발 프로젝트의 증가는 철강 주조 시장에 큰 기회를 제공합니다. 건설 부문에서는 기계 부품, 구조 프레임, 인프라 액세서리 등의 부품을 제조하기 위해 주물을 사용합니다. 도시화가 진행되고 각국의 인프라 구축이 진행됨에 따라, 구조적 지지력을 제공하고 악조건에서도 견딜 수 있는 주물에 대한 수요가 증가하고 있습니다. 건설을 위한 견고하고 효율적인 주물을 생산하는 기업에게는 기회가 있습니다.
• 첨단 소재 및 합금 개발 : 철강 주조에는 첨단 소재 및 합금 개발 기회도 있습니다. 특수 고강도 합금 및 복합재료를 포함한 주조 재료의 개선은 주물의 성능과 내구성을 향상시키고 있습니다. 신합금 및 신소재 연구개발에 적극적인 기업들은 고성능 주물이 요구되는 항공우주, 방위, 건설기계 시장의 주물 수요를 충족시키고 있습니다. 이 기회는 기업이 제품을 차별화하고 틈새 시장에 진입할 수 있는 기회를 제공합니다.
• 지속가능한 주조 방법의 채택 : 지속가능한 주조 방법의 채택은 철강 주조 시장에 매력적인 성장 기회를 제공합니다. 환경 규제의 증가와 환경 친화적인 제품을 요구하는 소비자 캠페인의 증가로 인해 기업들은 환경 친화적인 주조 기술, 재활용성, 에너지 절약 프로세스에 집중할 수 있습니다. 지속가능한 관행은 기업의 환경 이미지 개선, 비용 절감, 환경 친화적인 고객 대응에도 도움이 됩니다. 이러한 성장 기회는 국내외 규제 요건뿐만 아니라 개발 트렌드와도 관련이 있습니다.
• 신흥시장 진출 : 신흥시장 진출은 철강 주조업계에 큰 성장 기회입니다. 아시아, 아프리카, 라틴아메리카 등 세계 곳곳에서 도시화와 경제 성장이 가속화되면서 주철 및 주강의 성장을 촉진하고 있습니다. 기업들은 새로운 공장 건설, 합작 투자, 현지 시장에 맞는 제품 개선 등을 통해 이들 신흥 시장에서 많은 기회를 추구할 수 있습니다. 이러한 확장은 고객 기반에 새로운 시장을 제공하고, 고성장이 예상되는 지역에서 시장 성장을 촉진할 수 있습니다.

철강 주조 시장의 전략적 성장 기회에는 자동차 및 건설 산업 진출, 신소재 도입, 지속가능한 관행으로의 전환, 새로운 시장 진출 등이 있습니다. 이러한 기회를 최대한 활용하면 기업은 경쟁력을 높이고, 혁신을 촉진하며, 변화하는 주조 산업에서 지속적인 성장을 보장할 수 있습니다.

철강 주조 시장의 시장 촉진요인 및 과제

철강 주조 시장에는 시장 성장과 향후 시장 개척에 영향을 미치는 다양한 요인이 수반됩니다. 기술 발전, 시장 변화, 거시 경제 환경, 법적 매개 변수 등은 주변 시장 분석에서 고려해야 할 요소입니다. 철강 주조 산업의 주요 촉진요인과 과제를 검토할 때 기회, 장애물, 채택한 전략을 고려하는 것이 중요합니다.

촉진요인

• 기술 혁신 : 기술 혁신은 철강 주조 시장의 성장에 크게 기여하고 있으며, 3D 프린팅, 부가 제조, DX(디지털 전환) 등의 발전은 시장 전망을 재구성하고 있습니다. 이러한 기술 혁신은 제조 공정을 강화하여 더 높은 정밀도와 효율성으로 맞춤형 주물을 생산할 수 있게 해주며, AI 및 IoT 기술의 도움으로 제조 공정의 자동화는 생산 라인을 최적화하고 결함의 가능성을 줄여 시장 성장을 촉진하고 있습니다.
• 주요 산업에서의 수요 확대 : 자동차, 항공우주, 건설, 중장비 등의 분야에서 주물 수요 증가도 시장 성장을 견인하고 있습니다. 철강 주조는 엔진 부품, 터빈, 구조물 지지대 등 이들 산업에서 내구성과 신뢰성이 높은 부품 제조에 필수적입니다. 산업화, 도시화, 인프라 개발이 진행됨에 따라 철강 주조에 대한 수요는 지속적으로 증가하여 시장을 더욱 촉진할 것으로 예상됩니다.
• 환경 규제 : 지속가능한 제조업을 장려하는 환경 규제는 산업계가 보다 환경 친화적인 관행을 채택하도록 장려하고 있습니다. 기업들은 국내 및 국제 환경 기준을 준수해야 하기 때문에 에너지 효율적이고 환경 친화적인 주조 방식에 대한 관심이 높아지고 있습니다. 저배출 제품에 대한 수요와 생산에 있어 재활용 재료의 사용 증가는 시장 성장을 강화하고 있습니다.

과제

• 불안정한 원자재 가격 : 철강 주조 시장이 직면한 가장 큰 도전은 원자재 가격의 변동입니다. 철강과 같은 금속의 가격은 시장 상황, 지정학적 긴장, 공급망 혼란에 따라 변동합니다. 이러한 변동은 생산 비용의 증가로 이어져 수익률에 영향을 미칩니다. 개발 기업은 재무 안정성을 유지하기 위해 이러한 변동을 효과적으로 관리할 수 있는 전략을 수립해야 합니다.
• 높은 자본 비용과 운영 비용 : 높은 자본 비용과 운영 비용은 신규 진입 기업에게 큰 장벽이 될 수 있으며, 3D 프린팅과 같은 첨단 기술은 연구 개발, 설비 및 장비에 많은 투자를 필요로 합니다. 또한, 유지보수, 인력, 에너지에 대한 지속적인 비용은 안정적인 품질과 성능을 유지하면서 수익성을 극대화하고자 하는 기업에게 부담이 될 수 있습니다.
• 환경 보존을 위한 컴플라이언스 : 환경 친화적 관행에 대한 수요 증가는 시장 촉진요인인 동시에 철강 주조 공장에 대한 도전이기도 합니다. 보다 지속가능한 관행으로 전환하기 위해서는 새로운 기술과 공정에 대한 대규모 투자가 필요한 경우가 많습니다.

기업들은 많은 비용을 들이지 않고도 지속가능성 목표를 달성하고 규제 가이드라인에 적응하는 데 어려움을 겪고 있습니다. 특히 중소기업의 경우, 규제 준수에 따른 비용이 부담스러울 수 있습니다.

목차

제1장 주요 요약

제2장 세계의 철강 주조 시장 : 시장 역학

• 소개, 배경, 분류
• 공급망
• 업계 성장 촉진요인과 과제

제3장 시장 동향과 예측 분석(2019-2031년)

• 거시경제 동향(2019-2024년)과 예측(2025-2031년)
• 세계의 철강 주조 시장 동향(2019-2024년)과 예측(2025-2031년)
• 세계의 철강 주조 시장 : 제품 종류별
  • 덕타일 주철
  • 강철
  • 기타
• 세계의 철강 주조 시장 : 용도별
  • 자동차·운송
  • 기계·설비
  • 펌프·밸브
  • 파이프·피팅
  • 기타

제4장 지역별 시장 동향과 예측 분석(2019-2031년)

• 세계의 철강 주조 시장 : 지역별
• 북미의 철강 주조 시장
• 유럽의 철강 주조 시장
• 아시아태평양의 철강 주조 시장
• 기타 지역의 철강 주조 시장

제5장 경쟁 분석

• 제품 포트폴리오 분석
• 운영 통합
• Porter's Five Forces 분석

제6장 성장 기회와 전략 분석

• 성장 기회 분석
  • 세계의 철강 주조 시장 성장 기회 : 제품 종류별
  • 세계의 철강 주조 시장 성장 기회 : 용도별
  • 세계의 철강 주조 시장 성장 기회 : 지역별
• 세계의 철강 주조 시장 최신 동향
• 전략적 분석
  • 신제품 개발
  • 세계의 철강 주조 시장 생산능력 확대
  • 세계의 철강 주조 시장 기업 인수합병(M&A), 합작투자
  • 인증과 라이선싱

제7장 주요 기업 개요

• Tata Steel
• Hyundai Steel
• Nelcast
• ArcelorMittal
• Amsted Rail
• Evraz
• Calmet
• OSCO Industries
• Hitachi Metals
• Nuco

영문목차

The future of the global iron and steel casting market looks promising with opportunities in the automotive & transport, machinery & equipment, pump & valve, and pipe & fitting applications. The global iron and steel casting market is expected to reach an estimated $207.1 billion by 2031 with a CAGR of 5.2% from 2025 to 2031. The major drivers for this market are the rapid expansion of the construction industry and the rising demand for this casting from the automotive and industrial sectors.

• Lucintel forecasts that, within the product type category, ductile iron will remain the larger segment over the forecast period due to its various advantages, such as enhanced machining, casting, and compressive strength.
• In terms of regions, North America will remain the largest region over the forecast period due to rising investments in infrastructure and construction activities in the region.

Gain valuable insights for your business decisions with our comprehensive 150+ page report.

Emerging Trends in the Iron and Steel Casting Market

The iron and steel casting market is changing fast with several trends emerging that are going to set the stage for the market. These trends provide insights into how the industry is adapting to the creation of new technologies, environmental issues, and changing customer requirements. Analysis of these trends is essential for industry players to effectively participate in the market while exploring new avenues.

• Adoption of Advanced Casting Technologies: One major trend in the iron and steel casting market is the use of compliant casting processes such as 3D printing and additive manufacturing technologies. These technologies enable complex and accurate component designs while minimizing waste and lead time. The combination of CAD and CAE technologies greatly facilitates the design process. This trend is resulting in new developments in the area of engineering and increasing the range of custom and performance castings.
• Integration of Industry 4.0 Technologies: The integration of Industry 4.0 technologies such as IoT, artificial intelligence, and data analysis is being seen in the iron and steel casting market. These technologies allow activities such as monitoring, predictive maintenance, and production processes. The use of smart sensors and automated systems improves quality control and the functioning of operations. The integration of Industry 4.0 is creating manufacturing systems that are flexible and reactive, thus enhancing productivity and market competitiveness.
• Growing Acceptance of the Use of Recycled Raw Materials: One of the emerging developments in the industry is the increasing demand for recycled materials in iron and steel foundries to save resources and be more environmentally friendly. Castings with high performance and mechanical properties are obtained from recycled scrap metal, reducing the need for what is termed virgin raw materials and reducing waste. This trend is in line with the circular economy and is consistent with efforts to mitigate the negative effects of industries on the environment. Recycling activities are also contributing to a reduction in production expenses and increasing the supply of materials.
• Increasing Requirement for High-Performance Castings: New technologies revolutionizing fields such as automotive, aerospace, and construction are leading to the inevitable enhancement of casting properties, which focus on the new generation of advanced castings, abilities, complex designs, and miniaturization. New castings or new modifications of aluminum alloys are made where a blend of formality and strength is put to use. The traditional focus in most industries on the quality and reliability of components manufactured in iron and steel is the driving force behind this development and reinvestment (CEC).
• Focus on Sustainability and Social Responsibility: There is an increasing awareness of the importance of sustainability and efficiency in the iron and steel casting manufacturing processes and their emissions. The industry has embraced initiatives and sources aimed at clean production methods, the use of recyclable materials, improving energy performance, and minimizing emissions and waste. The imposition of tough environmental legislation has stimulated this trend as businesses seek to meet such standards and enhance their environmental performance. These trends toward sustainability have also been shaped by consumer values and regulatory lessons.

New trends in the iron and steel casting industry, such as embracing new technologies, paying more attention to sustainability, the proliferation of Industry 4.0, more recycled materials usage, and increasing demand for high-performance castings, are changing the scope of the industry. Such trends are indicative of the industry's response to technological changes, environmental factors, and market dynamics, thus introducing new products and services to the market.

Recent Developments in the Iron and Steel Casting Market

Recent developments in the iron and steel casting market support substantial modifications brought about by technological revolutions, changing industry demands, and compliance issues. These factors will shape the future of the industry in terms of production methods, business activities, and overall market trends. Familiarity with these new developments enables one to assess the status and future of the iron and steel casting market.

• Adoption of 3D Printing and Additive Manufacturing: The adoption of 3D printing and additive manufacturing technologies represents significant progress within the iron and steel casting industry. These methods make it possible to manufacture complex and tailor-made castings more accurately and with less material. The advantage of 3D printing technology is the possibility of using it for rapid prototyping, resulting in swifter lead times and increased design flexibility. This advance is both reengineering conventional casting processes and broadening the scope of capabilities for the creation of complex parts.
• Implementation of Green Casting Technologies: The implementation of green casting technologies represents another advancement aimed at minimizing the environmental consequences of casting operations. To combat carbon footprints and waste, companies are introducing energy-efficient furnace systems, recycling systems, and low-emission materials. There is an emphasis on sustainability owing to legal requirements and consumer demand for eco-friendly products. It is also observed that green casting technologies are improving the environmental performance of the industry while conforming to national and international environmental policies.
• Integration of Information Technologies for Improvement of Processes: The integration of information technologies, including IoT and AI for process optimization, is positively impacting the iron and steel casting industry. These tools allow real-time tracking, predictive analysis of maintenance measures, and decision-making based on previous data. There is an improvement in process management, product quality, and operational efficiency through the adoption of digital solutions. The application of these technologies is reforming casting operations, making them more adaptable to market forces.
• Development of New Casting Structures in Emerging Economies: Another development in iron and steel casting processes is the establishment of new casting facilities in emerging markets, particularly in Asia and Africa. It is observed that there is a steady rise in the need for iron and steel castings in these regions as they transition from agrarian to industrialized economies. Companies are building new plants or renovating existing plants to satisfy demand and exploit market potential. This development is enhancing the growth of the global market and production capabilities.
• Emphasis on Quality Enhancement and Product Development: A qualitatively new approach is becoming more pronounced in the iron and steel casting market. The need to conduct research and develop solutions to improve materials used in casting, efficiently utilize processes, and ensure better efficiency and reliability has been defined. There are innovations in the way castings are made and what materials are being used to fulfill the requirements of different industries, including automotive and aerospace. This merging of product quality and innovation is a significant component in enhancing competitiveness and advancing technological capabilities within the market.

These include the most recent trends in the iron and steel casting market, such as the broadening use of 3D printing, polymers, green technology, digital networks, the entrance of developing countries, and the orientation toward quality improvement. These changes in the industry enhance creativity, increase production standards, and respond to environmental and market challenges, shaping the trajectory of the market.

Strategic Growth Opportunities for Iron and Steel Casting Market

The iron and steel casting market offers a variety of applications that act as strategic growth opportunities. Such opportunities stem from technological advancements, growing needs in key sectors, and changing consumer tastes and preferences. Growth opportunities are essential as they help firms strengthen their market position and ensure future growth.

• Expansion into the Automotive Industry: Expansion into the automotive industry is a significant growth area for the iron and steel casting market. Casting materials, such as engine cylinders, transmission parts, and body parts, have a substantial market in the automobile industry. This development has been made possible due to the rising need for lightweight and durable materials in automotive engineering, allowing companies to focus on producing better castings. This growth opportunity aligns with the transformation of the industry and the transition to electric and self-driving vehicles, opening up new opportunities for advanced casting processes.
• Increase in Construction and Infrastructure Development: The increase in construction and infrastructure development projects presents a major opportunity for the iron and steel casting market. The construction sector uses castings to manufacture components such as machine parts, structural framing, and infrastructure accessories. As urbanization increases and infrastructure development grows in different countries, demand for castings that can tolerate adverse environmental conditions while providing structural support rises. There is a business opportunity for companies to produce strong and efficient castings for construction.
• Development of Advanced Materials and Alloys: Iron and steel casting also presents opportunities for the development of advanced materials and alloys. Improvements in casting materials, including special high-strength alloys and composite materials, are enhancing the performance and durability of castings. Companies active in R&D in new alloys and materials are meeting the demand for castings in aerospace, defense, and construction machinery markets, where high-performance castings are required. This opportunity allows companies to differentiate their products and penetrate niche markets.
• Adoption of Sustainable Casting Practices: The adoption of sustainable casting practices provides an attractive growth opportunity for the iron and steel casting market. Due to increasing environmental regulations and persistent consumer campaigns for green products, organizations can focus on green casting technologies, recyclability, and energy-saving processes. Sustainable practices also help companies improve their environmental image, reduce costs, and serve eco-conscious customers. This growth opportunity is relevant to development trends as well as national and international regulatory requirements.
• Expansion into Emerging Markets: Expansion into emerging markets is a tremendous opportunity for growth in the iron and steel casting industry. Accelerated urbanization and economic expansion in parts of the world, such as Asia, Africa, and Latin America, are propelling the growth of iron and steel castings. Companies can pursue plenty of opportunities in these emerging markets by building new plants, forming joint ventures, and modifying products to suit local markets. This expansion provides new markets for customer bases and encourages market growth in regions with high growth potential.

Some of the opportunities for strategic growth in the iron and steel casting market include penetrating the automotive and construction industries, introducing new materials, shifting to more sustainable practices, and expanding into new markets. If maximized, these opportunities will enable companies to grow their competitiveness, foster innovation, and ensure continued growth in the changing casting industry.

Iron and Steel Casting Market Driver and Challenges

The iron and steel casting market is accompanied by various factors that affect how the market grows and its future development. Technological progress, market changes, macroeconomic environments, and legal parameters are factors that should be considered in a peripheral market analysis. In examining the key drivers and challenges of the iron and steel casting industry, it is important to consider the opportunities, obstacles, and strategies adopted.

Drivers

• Technological Innovations: Technological innovations have significantly contributed to the growth of the iron and steel casting market. Advances such as 3D printing, additive manufacturing, and digital transformation are reshaping the market's landscape. These innovations have enhanced the manufacturing process, allowing the creation of customized castings with greater precision and efficiency. The automation of manufacturing processes, aided by AI and IoT technologies, is optimizing production lines and reducing the likelihood of defects, which is driving the market's growth.
• Growing Demand in Key Industries: The increasing demand for castings in sectors such as automotive, aerospace, construction, and heavy machinery is also fueling the market's growth. Iron and steel castings are essential in manufacturing durable and reliable components in these industries, including engine components, turbines, and structural supports. With the rise of industrialization, urbanization, and infrastructure development, the demand for iron and steel castings is expected to continue growing, further pushing the market forward.
• Environmental Regulations: Environmental regulations encouraging sustainable manufacturing are pushing industries toward adopting greener practices. Companies must comply with local and international environmental standards, which has led to an increased focus on energy-efficient and eco-friendly casting methods. The demand for low-emission products and the increased use of recycled materials in production have strengthened market growth.

Challenges

• Volatile Raw Material Prices: A major challenge faced by the iron and steel casting market is the volatility of raw material prices. Prices of metals such as iron and steel fluctuate due to market conditions, geopolitical tensions, and supply chain disruptions. This volatility leads to increased production costs, affecting profit margins. Companies must develop strategies to manage these fluctuations effectively to maintain financial stability.
• High Capital and Operational Costs: The high capital and operational costs of establishing casting facilities can be a significant barrier for new players entering the market. Advanced technologies such as 3D printing require a large investment in research, development, and equipment. The ongoing costs for maintenance, labor, and energy can also be burdensome for businesses looking to maximize profitability while maintaining consistent quality and performance.
• Environmental Sustainability Compliance: While growing demand for eco-friendly practices is a market driver, it also presents a challenge for iron and steel foundries. The transition to more sustainable practices often requires large investments in new technology and processes.

Companies face obstacles in meeting sustainability targets and adjusting to regulatory guidelines without incurring significant costs. As a result, the cost of compliance can be a strain, particularly for smaller firms.

List of Iron and Steel Casting Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies iron and steel casting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the iron and steel casting companies profiled in this report include-

• Tata Steel
• Hyundai Steel
• Nelcast
• ArcelorMittal
• Amsted Rail
• Evraz
• Calmet
• OSCO Industries
• Hitachi Metals
• Nuco

Iron and Steel Casting by Segment

The study includes a forecast for the global iron and steel casting market by product type, application, and region.

Iron and Steel Casting Market by Product Type [Analysis by Value from 2019 to 2031]:

• Ductile Iron
• Steel
• Others

Iron and Steel Casting Market by Application [Analysis by Value from 2019 to 2031]:

• Automotive & Transport
• Machinery & Equipment
• Pumps & Valve
• Pipes & Fittings
• Others

Iron and Steel Casting Market by Region [Analysis by Value from 2019 to 2031]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Iron and Steel Casting Market

Over the years, the iron and steel casting industry has undergone dramatic transformations due to the influences of technological development, economic factors, and the changing demands of the industry. With major sectors such as automotive, construction, and machinery depending on iron and steel castings, advancements must be made in casting techniques and materials. There has been a shift in emphasis toward product improvement, cost-effective production, and environmental protection. The United States, China, Japan, Germany, and India are the major markets driving these developments, each contributing to the growth of the iron and steel casting sector.

• United States: Research shows that in the United States, the iron and steel casting market has recently evolved due to technological advancements and a focus on sustainability. Firms are investing in the modernization of casting methods, such as 3D printing and additive manufacturing, which also aim to minimize waste. With the availability of environmentally friendly materials, there is now an increased focus on incorporating recycled materials and utilizing carbon credits. Additionally, there is a growing trend of using robotics in casting processes, which enhances efficiency and reduces labor costs.
• China: China, both a leading producer and consumer of iron and steel castings, has been rapidly advancing its production technology and capacity. The country has made substantial investments to modernize its casting plants with advanced tools and machinery, improving product quality and operational efficiency. There is also an increased emphasis on adopting technologies such as IoT and AI to enhance production processes and quality control. Stricter regulations and cleaner technologies are being implemented in China to minimize environmental damage.
• Germany: The iron and steel casting sector in Germany is characterized by quality-oriented mass production and attention to detail. German manufacturers are at the forefront of technologies and methods such as investment casting, precision sand casting, and other advanced casting techniques. The country is also known for its commitment to sustainability, with most companies implementing green technologies and conservation practices to reduce environmental impact. Additionally, the application of Industry 4.0 technologies is prominent, focusing on automation systems rather than simply replacing manual labor with machine operations, with post-processing actions typically being avoided.
• India: The iron and steel casting industry in India is undergoing significant transformation, driven by developments in the infrastructure and automobile sectors. New growth areas are emerging in casting technologies to meet increasing domestic and international demand. Indian firms are also shifting focus toward quality assurance and energy conservation measures. There is a growing need for castings with enhanced performance and longer lifespans, leading to the adoption of European and other advanced casting techniques and technologies.
• Japan: Recently, the iron and steel casting market in Japan has seen innovations, with a strong emphasis on quality and accuracy. While traditional casting methods, such as sand molding, remain in use, new techniques like centrifugal casting and vacuum casting are also being adopted. The industry is committed to reducing pollution through better energy utilization and recycling. Continuous development through research and development efforts is intrinsic to the improvement of both casting processes and materials in the Japanese industry.

Features of the Global Iron and Steel Casting Market

Market Size Estimates: Iron and steel casting market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.

Segmentation Analysis: Iron and steel casting market size by product type, application, and region in terms of value ($B).

Regional Analysis: Iron and steel casting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, applications, and regions for the iron and steel casting market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the iron and steel casting market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

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This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the iron and steel casting market by product type (ductile iron, steel, and others), application (automotive & transport, machinery & equipment, pumps & valve, pipes & fittings, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global Iron and Steel Casting Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2019 to 2031

• 3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
• 3.2. Global Iron and Steel Casting Market Trends (2019-2024) and Forecast (2025-2031)
• 3.3: Global Iron and Steel Casting Market by Product Type
  • 3.3.1: Ductile Iron
  • 3.3.2: Steel
  • 3.3.3: Others
• 3.4: Global Iron and Steel Casting Market by Application
  • 3.4.1: Automotive & Transport
  • 3.4.2: Machinery & Equipment
  • 3.4.3: Pumps & Valve
  • 3.4.4: Pipes & Fittings
  • 3.4.5: Others

4. Market Trends and Forecast Analysis by Region from 2019 to 2031

• 4.1: Global Iron and Steel Casting Market by Region
• 4.2: North American Iron and Steel Casting Market
  • 4.2.1: North American Market by Product Type: Ductile Iron, Steel, and Others
  • 4.2.2: North American Market by Application: Automotive & Transport, Machinery & Equipment, Pumps & Valve, Pipes & Fittings, and Others
• 4.3: European Iron and Steel Casting Market
  • 4.3.1: European Market by Product Type: Ductile Iron, Steel, and Others
  • 4.3.2: European Market by Application: Automotive & Transport, Machinery & Equipment, Pumps & Valve, Pipes & Fittings, and Others
• 4.4: APAC Iron and Steel Casting Market
  • 4.4.1: APAC Market by Product Type: Ductile Iron, Steel, and Others
  • 4.4.2: APAC Market by Application: Automotive & Transport, Machinery & Equipment, Pumps & Valve, Pipes & Fittings, and Others
• 4.5: ROW Iron and Steel Casting Market
  • 4.5.1: ROW Market by Product Type: Ductile Iron, Steel, and Others
  • 4.5.2: ROW Market by Application: Automotive & Transport, Machinery & Equipment, Pumps & Valve, Pipes & Fittings, and Others

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global Iron and Steel Casting Market by Product Type
  • 6.1.2: Growth Opportunities for the Global Iron and Steel Casting Market by Application
  • 6.1.3: Growth Opportunities for the Global Iron and Steel Casting Market by Region
• 6.2: Emerging Trends in the Global Iron and Steel Casting Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global Iron and Steel Casting Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Iron and Steel Casting Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: Tata Steel
• 7.2: Hyundai Steel
• 7.3: Nelcast
• 7.4: ArcelorMittal
• 7.5: Amsted Rail
• 7.6: Evraz
• 7.7: Calmet
• 7.8: OSCO Industries
• 7.9: Hitachi Metals
• 7.10: Nuco