The global metal casting market size was valued at $123.8 billion in 2018 and is expected to grow at a CAGR of 5% from 2021 to 2027. The growing demand for castings in the automotive sector is expected to drive the market growth during the forecast period.
Metal casting is one of the widely used manufacturing processes and molten metal is poured into a die or sand mold to achieve the desired shape. It helps in the production of large, complex parts in a variety of industries. Strict regulations on automotive pollution and energy efficiency requirements are fueling the growth of the metal foundry industry. Regulations have forced automakers to switch to lightweight vehicles to improve fuel economy.
A full report of Iron and Steel Casting Market available at https://www.orionmarketreports.com/iron-and-steel-casting-market/15307/
Key Market Players
• Amsted Rail Company Inc.
• Calmet, Inc.
• ESCO Corporation
• Evraz plc
• Hitachi Metals, Ltd.
• Kobe Steel, Ltd.
• Nelcast Limited
• Nucor Corporation
• OSCO Industries, Inc.
• Tata Steel Limited
Iron and Steel Casting Market: Segmentation
By Material
• Iron
• Steel
By Process
• Sand casting
• Die casting
• Others
By Application
• Automotive
• Industrial machinery
• Pipes, fittings and valves
• Power & electrical
• Sanitary
• Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
