The Iron & Steel Casting Market growth outlook with industry review and forecasts

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Iron Steel Casting Market Price, Trends,
Industry Outlook Forecast 2017-2024
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Global Market Scenario of Iron Steel Casting
Industry

• Global Iron Steel Casting Market size will be
  driven by growth of its various end-user
  industries such as construction, mining, and
  automobiles.
• The iron steel casting market will be chiefly
  driven by high growth in the construction
  industry where steel plates and heavy
  construction equipment are used. Construction
  industry was valued around USD 8 trillion in 2015
  and is expected to grow at a healthy rate due to
  economic growth in Asia Pacific and North
  America.
• Iron steel casting market will also be boosted
  by high growth in the mining industry as the
  product is used in manufacturing earth moving and
  mining equipment. Total world mineral production
  was more than 17 billion tons in 2015. The mining
  industry is expected to progress at a steady rate
  during the forecast period.

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Continue

• Iron steel casting market will also be
  augmented by rising demand for automobiles as the
  product is extensively employed to fabricate
  engine parts. Total vehicle production in 2015
  was more than 90 million and it is projected to
  increase in the coming years due to high demand
  in developing economies like China, India, Brazil
  etc.
• Reasons to Buy This Report
• 1. Iron Steel Casting Market size
  share forecast by product application,
  2017-2024
• 2. Growth drivers, pitfalls industry
  challenges
• 3. Key Iron Steel Casting Market growth
  opportunities emerging business models
• 4. Competitive benchmarking with market
  share analysis and company profiles
• By material type, iron steel casting market is
  segmented into two major categories, which are
  iron casting and steel casting. Iron casting is
  further segmented as grey cast iron, white cast
  iron, and other cast iron alloys. Steel casting
  segment is bifurcated into carbon and alloy steel
  castings.
• By product, iron steel casting market is
  segmented as bars, pipes tubes, sheets
  plates, semi-finished cast products and other
  types such as rods, balls, etc. Sheets and plates
  are used in construction and electrical
  industries while bars are employed in steel
  manufacturing.

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Research Methodology
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Regional Insights

• Asia pacific is a significant iron steel
  casting market due to robust industrialization in
  countries like China and India.
• North America also have substantial share of the
  iron steel casting market due to growth of
  construction industry and presence of
  manufacturing companies in the U.S. and eastern
  European nations like Germany and France.
• Latin America and Middle East iron steel
  casting market will also experience a steady
  growth due to improving economic condition in
  these regions leading to a rise in manufacturing
  as well as construction activities.

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Competitive Insights

• Key players in the global iron steel casting
  market are
• ArcelorMittal SA, Steel Authority of India
  Limited (SAIL), Tata Group, ThyssenKrupp AG, The
  Voestalpine Group, Hebei Iron and Steel Group
  Co, SSAB AB, POSCO, Shanghai Baosteel Group
  Corporation, Peekay Steel, Pacific Steel Casting
  Company LLC, Hitachi Metals, ESCO, Calmet and
  Kobe Steel.

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