From GlobeNewswire: 2025-02-16 20:30:00

The Steel Casting Market is expected to reach USD 42.18 billion by 2029, with a CAGR of 5.6%. Steel casting involves pouring molten steel into molds to create durable, high-strength parts used in industries like automotive, construction, and aerospace. Key players include ArcelorMittal, Doosan Corporation, and Kobe Steel, Ltd.

Carbon steel casting leads the market, with sand casting as the dominant process. The market is segmented by type, process, formulation, and end-use application. Asia Pacific is the largest market region, driven by economic growth and industrial development. Challenges include high initial costs, but opportunities lie in technological advancements.

Steel casting is crucial in industries like power generation, mining, and aerospace. Different types of steel are used based on the application’s requirements, such as toughness, resistance to corrosion, or high temperatures. The market is also segmented by process, including sand casting, investment casting, and die casting, each chosen based on design complexity and production quantity.

Solvent-based formulations are widely used in steel casting for their consistency and durability. Other formulations like solventless and emulsion cater to eco-friendly needs while maintaining performance standards. The market is projected to grow significantly, with opportunities in the power generation, rail and transit, mining, and aerospace sectors.

Asia Pacific dominates the steel casting market, followed by North America, which sees growth due to infrastructure development and increased demand in the construction industry. The market is highly competitive, with key players like ArcelorMittal and Nucor Corporation driving innovation and growth. Opportunities for customization and technological advancements are key factors shaping the market’s future.



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