The iron & steel casting market can be bifurcated into application segments such as automotive & transportation , construction , machine tools , defense , plant machinery , households , and others . The iron & steel casting market can also be bifurcated based on product forms such as pipes and tubes , plates and sheets , semi-finished cast products , and others .
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The plates and sheets segment holds a significant share of the iron & steel casting market . Construction along with automotive is the largest application of the iron & steel casting market . Rise in future demand for low weight metal casting for use in the construction and automotive industries are anticipated to provide growth in the near future . Iron & steel casting offers significant properties that enable the production of ultrahigh strength materials with substantial shear strength . This , in turn , provides large opportunities for the growth of the iron & steel casting market . Increase in space exploration programs is estimated to propel demand for lightweight aircraft . This , in turn , is projected to boost demand for iron & steel casting in niche application such as aerospace .
Asia Pacific and Europe are major markets for iron & steel casting . China constitutes the largest market for iron & steel casting due to robust industrialization in the country . This has resulted in strong growth of the construction industry in China . Thus , Asia Pacific is expected to witness remarkable growth in the iron & steel casting market during the forecast period . Rise in construction activities and automobile purchase in Asia Pacific is likely to boost the iron & steel casting market in the region . Aerospace and defense are the major application segments in the iron & steel casting market in North America .
Several players operate in the iron & steel casting market . These include Steel Authority of India Limited ( SAIL ), ArcelorMittal S . A ., ThyssenKrupp AG , Tata Group , The voestalpine Group , SSAB AB , Hebei Iron and Steel Group Co ., Ltd ., Shanghai Baosteel Group Corporation , and POSCO .
The report offers a comprehensive evaluation of the market . It does so via in-depth qualitative insights , historical data , and verifiable projections about market size . The projections featured in the report have been derived using proven research methodologies and assumptions . By doing so , the research report serves as a repository of analysis and information for every facet of the market , including but not limited to : Regional