Global Stainless Steel Casting Market Research Report by Casting Process, by Application, and by Region Forecast till 2030

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Global Stainless Steel Casting Market Research Report by Casting Process (Die and Permanent Mold, Sand, Investment, Centrifugal, Continuous), by Application (Automotive, Building and Construction, Equipment and Machines, Consumer Goods, Mining, Other Applications), and by Region (North America, Europe, Asia Pacific, Rest of the World) Forecast till 2030

Industry Overview

The global stainless steel casting market grew from USD 17.5 billion in 2021 to an expected USD 28.4 billion by 2030, with a CAGR of 5.35% from 2022 to 2030. Stainless steel casting involves melting stainless steel and shaping it by pouring it into a mold. This method produces tough, rust-resistant parts used in fields like cars, buildings, and medical tools. It is beneficial for making detailed and strong products.

With the rise in electric vehicle production, stainless steel is being used more in battery enclosures, exhaust systems, structural parts, and power units because of its durability and corrosion resistance. At the same time, the healthcare industry is depending more on stainless steel castings for making implants, surgical instruments, and precision medical devices. Together, these two industries are helping drive consistent growth in the stainless steel casting market.

Higher prices of stainless steel castings have limited market growth in recent years. This is mainly due to costlier raw materials, supply shortages, and rising demand. The slowdown in the global economy has also reduced consumption in key industries, making it harder for the market to expand at the expected pace.

Rising demand from sectors like aerospace, automotive, and medical devices is opening doors for small and mid-sized manufacturers in the stainless steel casting market. Government aid and automation are making it easier for them to compete. On the other hand, the growing use of metal 3D printing is helping produce detailed, high-quality castings, allowing for faster, more efficient production. These factors are expected to push the market forward in the near future.

Industry Segmentations

Die and permanent mold, sand, investment, centrifugal, and continuous casting processes are part of the casting process of the global stainless steel casting market.

Depending on the application, the global market is classified into automotive, building and construction, equipment and machines, consumer goods, mining, and other applications.

Regional Analysis

North American demand for stainless steel cast parts remains strong in the automotive, construction, and industrial machinery sectors. The U.S. benefits from a solid manufacturing base and rising EV production. Canada's emphasis on clean energy is also expanding market usage. Innovation and consistent product quality drive regional competitiveness.

European countries are promoting stainless steel casting as part of their clean manufacturing goals. Germany and France are leading markets due to their automotive and green energy sectors. Sustainable production practices and strict standards help ensure long-term growth. Companies are focusing on precision and quality for advanced industrial needs.

Asia-Pacific remains the most active region for stainless steel casting. China dominates the global market with high-volume output, while India's infrastructure and medical needs are rising fast. Japan focuses on technology-intensive casting for machinery and electronics. Overall growth is supported by rising industrial activity and construction projects across the region.

In South America, stainless steel casting demand is growing alongside mining and oil exploration. Brazil plays a major role, supported by construction and transport industries. Local production is being modernized to meet both regional and export needs. Investment in public infrastructure boosts market opportunities.

Nations of the Middle East region are expanding stainless steel casting use in energy, desalination, and transportation sectors. Saudi Arabia and the UAE are investing heavily in industrial diversification. In Africa, South Africa leads in local production for mining and heavy machinery. Regional demand is rising with increased industrialization.

Key Players

Major competitors in the global stainless steel casting market are Columbia Steel Casting Co., Inc., Dandong Fuding Engineering, Doosan Corp., Ferralloy Inc., Fortune Foundries, Fundiciones Del Estanda, Goodwin Steel Castings, and Harrison Steel Castings.

Product Code: MRFR/CnM/53280-CR

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.1.1 GLOBAL STAINLESS STEEL CASTING MARKET, BY APPLICATIONS
- 1.1.2 GLOBAL STAINLESS STEEL CASTING MARKET, BY CASTING PROCESS
- 1.1.3 GLOBAL STAINLESS STEEL CASTING MARKET, BY REGION

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
2.4 KEY IMPLEMENTATION CRITERIA

3 RESEARCH METHODOLOGY

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 INCREASING DEMAND OF STAINLESS STEEL WITH INCREASING ELECTRIC CAR DEMAND
- 4.2.2 INCREASING DEMAND IN HEALTHCARE SECTOR
4.3 RESTRAINTS
- 4.3.1 INCREASING PRICES OF STAINLESS STEEL CASTING
4.4 OPPORTUNITIES
- 4.4.1 SMALL AND MEDIUM SCALE MANUFACTURERS IS EXPECTED TO MEET THE DEMAND SUPPLY GAP OF STAINLESS STEEL CASTING
- 4.4.2 NEW TECHNOLOGICAL SHIFT
4.5 IMPACT OF COVID-19 ON STAINLESS STEEL CASTING MARKET

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY/VALUE CHAIN ANALYSIS
5.2 PORTER FIVE FORCES

6 GLOBAL STAINLESS STEEL CASTING MARKET, BY CASTING PROCESS

6.1 INTRODUCTION
6.2 DIE AND PERMANENT MOLD
6.3 SAND CASTING
6.4 INVESTMENT CASTING
6.5 CONTINUOUS CASTING
6.6 CENTRIFUGAL CASTING

7 GLOBAL STAINLESS STEEL CASTING MARKET, BY APPLICATION

7.1 INTRODUCTION
7.2 AUTOMOTIVE
7.3 BUILDING AND CONSTRUCTION
7.4 EQUIPMENT AND MACHINES
7.5 CONSUMER GOODS
7.6 MINING

8 GLOBAL STAINLESS STEEL CASTING MARKET, BY REGION

8.1 OVERVIEW
8.2 NORTH AMERICA
- 8.2.1 US
- 8.2.2 CANADA
- 8.2.3 MEXICO
8.3 EUROPE
- 8.3.1 U.K.
- 8.3.2 GERMANY
- 8.3.3 FRANCE
- 8.3.4 ITALY
- 8.3.5 SPAIN
- 8.3.6 ROE
8.4 ASIA-PACIFIC
- 8.4.1 CHINA
- 8.4.2 JAPAN
- 8.4.3 INDIA
- 8.4.4 SOUTH KOREA
8.5 REST OF THE WORLD
- 8.5.1 SOUTH AFRICA
- 8.5.2 BRAZIL

9 COMPETITIVE LANDSCAPE

9.1 COMPETITOR DASHBOARD
9.2 MARKET SHARE ANALYSIS

10 COMPANY PROFILES

10.1 COLUMBIA STEEL CASTING CO., INC
- 10.1.1 COMPANY OVERVIEW
- 10.1.2 FINANCIAL OVERVIEW
- 10.1.3 SWOT ANALYSIS
- 10.1.4 KEY STRATEGIES
10.2 DANDONG FUDING ENGINEERING MACHINERY CO., LTD.
- 10.2.1 COMPANY OVERVIEW
- 10.2.2 FINANCIAL OVERVIEW
- 10.2.3 SWOT ANALYSIS
- 10.2.4 KEY STRATEGIES
10.3 DOOSAN CORPORATION
- 10.3.1 COMPANY OVERVIEW
- 10.3.2 FINANCIAL OVERVIEW
- 10.3.3 SWOT ANALYSIS
- 10.3.4 KEY STRATEGIES
10.4 FERRALLOY INC
- 10.4.1 COMPANY OVERVIEW
- 10.4.2 FINANCIAL OVERVIEW
- 10.4.3 ENVISION PLASTICS: SWOT ANALYSIS
- 10.4.4 KEY STRATEGIES
10.5 FORTUNE FOUNDRIES PVT LTD
- 10.5.1 COMPANY OVERVIEW
- 10.5.2 FINANCIAL OVERVIEW
- 10.5.3 FORTUNE FOUNDARIES: SWOT ANALYSIS
- 10.5.4 KEY STRATEGIES
10.6 FUNDICIONES DEL ESTANDA, S.A. (ESTANDA)
- 10.6.1 COMPANY OVERVIEW
- 10.6.2 FINANCIAL OVERVIEW
- 10.6.3 SWOT ANALYSIS
- 10.6.4 KEY STRATEGIES
10.7 GOODWIN STEEL CASTINGS
- 10.7.1 COMPANY OVERVIEW
- 10.7.2 FINANCIAL OVERVIEW
- 10.7.3 SWOT ANALYSIS
- 10.7.4 KEY STRATEGIES
10.8 HARRISON STEEL CASTINGS
- 10.8.1 COMPANY OVERVIEW
- 10.8.2 FINANCIAL OVERVIEW
- 10.8.3 SWOT ANALYSIS
- 10.8.4 KEY STRATEGIES