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Flavored Syrups Market Growth, Trends, Share, Industry Analysis and Forecast - 2033
Iron and Steel Casting Market Report Structure
As per the report, the iron and steel casting market size has grown strongly in recent years. It will grow from $164.59 billion in 2023 to $176.2 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The iron and steel casting market size is expected to see strong growth in the next few years. It will grow to $230.81 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
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Government Infrastructure Investments Fueling Growth In The Iron And Steel Casting Market
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. Cast iron and steel are used to create building structures and as construction materials. For instance, in March 2022, the government of US announced an additional investment of $166.5 million in 108 infrastructure projects as part of implementing the Bipartisan Infrastructure Law, also known as the Infrastructure Investment and Jobs Act (IIJA). Therefore, investment in infrastructure by governments is driving the growth of the iron and steel casting market.
Brakes India And Volvo Group Pioneer Green Iron Castings In The Iron And Steel Casting Market
Product innovations are a key trend gaining popularity in the iron and steel casting market. Major companies operating in the iron and steel casting market are focused on developing new products with advanced features to sustain their position in the market. For instance, in June 2022, Brakes India, an India-based manufacturer of automotive braking systems, and Volvo Group, a Sweden-based multinational manufacturing corporation, jointly launched the industry's first Green Iron Castings, created at the former's foundries, and used to construct the latter's engines as part of the partners' shared commitment to lowering carbon emissions. Green castings offer the unique capability of reducing CO2 emissions by 0.86 million tons for Volvo and 210 million tons for the industry when completely implemented.
The iron and steel casting market covered in this report is segmented -
1) By Type: Large Casting, Medium Casting, Small Casting
2) By Material Type: Gray Iron, Ductile Iron, Steel, Malleable Iron
3) By Application Type: Automotive and Transport, Pipes and Fittings, Pumps and Valves, Machinery and Equipment, Other Applications
4) By End-Use Type: Machine Tools, Mining, Transportation, Construction, Electrical, Steel Industry, Other end-users
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Major companies operating in the iron and steel casting market report are ArcelorMittal S.A., AMSTED Industries Incorporated, Tata Steel Ltd., Evraz plc, Hitachi Metals Ltd., Nucor Corporation, Kobe Steel Ltd., The ESCO Group, Calmet, Hyundai Steel Co. Ltd., Nelcast Limited, OSCO Industries Inc., Peekay Steel Castings Pvt. Ltd., Impro Industries USA Inc., MetalTek International, Tupy SA, Waupaca Foundry Inc., Neenah Foundry Company, Aarrowcast Inc., Dotson Iron Castings, Grede Holdings LLC, Metal Technologies Inc., Cifuns, Brantingham Manufacturing, Badger Foundry Company, Benton Foundry, Cast Technologies Inc., American Iron & Alloys Corporation, Modern Aluminum Castings Co. Inc., Liaoning Borui Machinery Co. Ltd.
Contents of the report:
1. Executive Summary
2. Iron and Steel Casting Market Report Structure
3. Iron and Steel Casting Market Trends And Strategies
4. Iron and Steel Casting Market - Macro Economic Scenario
5. Iron and Steel Casting Market Size And Growth
…..
27. Iron and Steel Casting Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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