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Worldwide Steel Casting Market 2016 Trend, Analysis and Overview

Tuesday, October 4, 2016 2:40
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(Before It's News)

A steel casting is a method where liquefied steel is poured into a mold, made of sand or ceramic plaster, to create a desired shape. The mold contains a hollow cavity of the required shape. After pouring the liquefied steel cools, solidifies, and is removed for cleaning. The product formed is subjected to heat treatment and further finishing. Heat treatment enhances the properties of the cast formed. Steel castings are preferred for applications requiring high strength, weldability, corrosion resistance, abrasion resistance, and serviceability under low and high temperatures. For instance, steel castings are used for making important components in the mining, construction, military, railroad, truck, and oil and gas industries. 

Publisher’s analysts forecast the global steel casting market to grow at a CAGR of 3.82% during the period 2016-2020.

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Covered in this report 
The report covers the present scenario and the growth prospects of the global steel casting market for 2016-2020. In order to calculate the market size, we considered the revenue generated through sales of steel casting for applications such as automobiles and transportation, infrastructure and construction, valves and pumps, mining, and others (consumer goods and agriculture machinery). 

The market is divided into the following segments based on geography: 
- Americas
- Europe

Publisher’s report, Global Steel Casting Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
- Anhui Yingliu
- Hitachi
- Kobe Steel
- Precision Castparts
- Peekay


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Other prominent vendors 
- Amsteel Castings
- Hyundai Steel
- Nucor
- Pacific Steel Casting

Market driver 
- Industrialization and development in APAC 
- For a full, detailed list, view our report 

Market challenge 
- Sluggish demand for steel
- For a full, detailed list, view our report 

Market trend 
- Steel as sustainable material
- For a full, detailed list, view our report 


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