Global Iron and Steel Casting Market to Reach USD 320.07 Billion by 2035

Industry

โดย Custom Market Insights·Read original

Summary · why it matters

The global iron and steel casting market is projected to grow from USD 185.79 billion in 2025 to USD 320.07 billion by 2035, at a compound annual growth rate of 5.59 percent, according to a new report by Custom Market Insights. The market is expected to reach USD 196.17 billion in 2026. Growth is driven by rising demand for heavy-duty components in infrastructure, automotive, and industrial machinery, along with technological advancements in casting processes. Key players include ArcelorMittal, POSCO, China Baowu Steel Group Corporation Limited, Nucor Corporation, and Nippon Steel Corporation. North America is anticipated to see faster growth due to advanced foundry technology, while Asia Pacific is expanding rapidly on the back of industrialization and infrastructure investments.