Global Steel Casting Market is anticipated to grow at a CAGR of 3.82% during 2016-2020

Albany, NY, Jan 03: A steel casting is a method where liquefied steel is poured into a mold, made of sand or ceramic plaster, to create a desired shape. The mold contains a hollow cavity of the required shape. After pouring the liquefied steel cools, solidifies, and is removed for cleaning. The product formed is subjected to heat treatment and further finishing. Heat treatment enhances the properties of the cast formed. Steel castings are preferred for applications requiring high strength, weldability, corrosion resistance, abrasion resistance, and serviceability under low and high temperatures. For instance, steel castings are used for making important components in the mining, construction, military, railroad, truck, and oil and gas industries.

The global steel casting market to grow at a CAGR of 3.82% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global steel casting market for 2016-2020. In order to calculate the market size, we considered the revenue generated through sales of steel casting for applications such as automobiles and transportation, infrastructure and construction, valves and pumps, mining, and others (consumer goods and agriculture machinery).

The market is divided into the following segments based on geography:
- Americas
- APAC
- Europe
- ROW

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Technavio's report, Global Steel Casting Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Anhui Yingliu
- Hitachi
- Kobe Steel
- Precision Castparts
- JFJC
- Peekay

Other prominent vendors
- Amsteel Castings
- ESCO
- Hyundai Steel
- Nucor
- Pacific Steel Casting

Market driver
- Industrialization and development in APAC
- For a full, detailed list, view our report

Market challenge
- Sluggish demand for steel
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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