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Iron and Steel Casting Global Market 2023 - Top Regions, Latest Technology, Investment Opportunities, Future Trends And Outlook 2032
Iron & Steel Casting Market
Iron And Steel Casting Market Size, Growth Rate, And Forecast
The global iron and steel casting market is expected to grow from $152.70 billion in 2022 to $163.16 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The iron and steel casting market is expected to grow to $204 billion in 2027 at a CAGR of 5.7%.
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Iron And Steel Casting Market Drivers
Government investments in infrastructure are expected to propel the growth of the iron and steel casting market going forward. Investments in infrastructure refer to tangible assets, including elements like the energy infrastructure, roads, bridges, and highways we use every day.
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Iron And Steel Casting Market Segments
• By Type: Large Casting, Medium Casting, Small Casting
• By Material Type: Gray Iron, Ductile Iron, Steel, Malleable Iron
• By Application Type: Automotive and Transport, Pipes and Fittings, Pumps and Valves, Machinery and Equipment, Other Applications
• By End-Use Type: Machine Tools, Mining, Transportation, Construction, Electrical, Steel Industry, Other end-users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Iron And Steel Casting market.
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Iron And Steel Casting Market Key Players
Major competitors in the Iron And Steel Casting market include ArcelorMittal S.A., Amsted Rail, Tata Steel Ltd., Evraz plc, Hitachi Metals Ltd., Nucor Corporation, Kobe Steel Ltd.
The Business Research Company's "Global Iron And Steel Casting Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Iron And Steel Casting Market Include:
1. Executive Summary
2. Iron & Steel Casting Market Characteristics
3. Iron & Steel Casting Market Trends And Strategies
4. Iron & Steel Casting Market - Macro Economic Scenario
5. Iron & Steel Casting Market Size And Growth
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26. Africa Iron & Steel Casting Market
27. Iron & Steel Casting Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Iron & Steel Casting Market
29. Iron & Steel Casting Market Future Outlook and Potential Analysis
30. Appendix
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