![]() Brazil and the rest of LATAM are expected to be the major contributors to the market in Latin America. In the Asia-Pacific region, China, India, Japan, South Korea, and the rest of APAC are anticipated to dominate the market. In Europe, Germany, the U.K., France, Italy, Spain, Sweden, BENELUX, and the rest of Europe are expected to witness significant growth during the forecast period. In North America, the U.S., Canada, and Mexico are the major countries contributing to the market growth. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. However, the transportation sector is expected to exhibit the highest growth rate during the forecast period due to the increasing demand for lightweight, fuel-efficient vehicles. The construction sector is likely to hold the largest share of the market revenue owing to the growing demand for infrastructure development and urbanization. However, ductile cast iron is anticipated to register the highest growth rate during the forecast period.īased on application, the market is classified into construction, transportation, mining & drilling, and others. Grey cast iron is expected to account for a significant portion of the market revenue. In terms of type, the market is categorized into grey cast iron, ductile cast iron, malleable cast iron, white cast iron, and others. ![]() The steel casting market can be segmented by type, application, and region. The market's main inhibiting factors are the high cost of raw materials and strict environmental regulations linked to emissions from the production process of steel casting. Cast steel also offers properties like hardness, strength, ductility, toughness, wear resistance, corrosion resistance, machinability, weldability, and high-temperature properties. However, steel and iron have excellent mechanical properties, making them suitable for a wide range of applications. Various materials can be used for casting, including synthetic and metal materials. Casting allows for exceptional design flexibility and customization, as well as the potential to eliminate the need for further assembly and fabrication. Steel casting involves the manufacture of steel and iron products and components using a casting process. Additionally, the market's growth is being fueled by the advantages provided by steel castings, such as enhanced dimensional accuracy, superior surface finish, and increased strength. Furthermore, the increasing popularity of steel casting among small and medium-sized enterprises, and the preference for steel casting over other casting techniques, are also expected to contribute to the market's expansion. The rise in demand from the construction sector is a significant driver of the market's revenue growth. The steel casting market is projected to experience a Compound Annual Growth Rate (CAGR) of 4.9% in revenue between 20. NEW YORK CITY, NEW YORK, UNITED STATES, / / - Steel Casting Market Overview The steel casting market is expected to register a revenue CAGR of 4.9% between 2022 to 2030.
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