ALBANY, New York, March 24, 2017: A new market research study by Transparency Market Research presents a comprehensive analysis of the global iron and steel casting market. The research report, titled “Iron and Steel Casting Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024,” throws light on the key aspects and market dynamics that are estimated to encourage the growth of the market in the coming few years. The product segmentation, latest trends, key applications, and the opportunities in the market have been presented in the study. Additionally, the challenges and limitations being faced by the key players have been addressed in order to offer a clear understanding of the market.
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The rapid rate of development of mining and construction industry is one of the key factors estimated to encourage the growth of the global iron and steel casting market in the next few years. Moreover, the expansion of the application segment is estimated to accelerate the growth of the market in the coming years.
The global market for iron and steel casting has been categorized on the basis of product into plates and sheets, pipes and tubes, semi-finished cast products, and others. Furthermore, in terms of application, the market has been categorized into construction, defense, households, automotive and transportation, machine tools, plant machinery, and others. The anticipated growth rate and share of every segment have been provided in the study.
Among the key regional segments, Europe and Asia Pacific are considered to hold a massive share of the global iron and steel casting market. A substantial contribution from China, thanks to the rapid industrialization is expected to supplement the growth of the Asia Pacific market in the coming years. In addition, the development of the construction industry and the rising number of purchasing in the automobile sector are projected to contribute towards the development of the market in the coming years. On the other hand, the development of the aerospace and defense sector is estimated to generate
significant opportunities for players operating in the North America iron and steel casting market.
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The research study further throws light on the competitive landscape of the market and offers an overview of profiles of the prominent players operating across the globe. In addition, the strategies and policies that are being used by the leading players have been provided in the study in order to offer a clear picture of the market. Some of the key players mentioned in the research report are SSAB AB, Shanghai Baosteel Group Corporation, POSCO, The voestalpine Group, Tata Group, Hebei Iron and Steel Group Co., Ltd., Steel Authority of India Limited (SAIL), ThyssenKrupp AG, and ArcelorMittal S.A.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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