The global steel casting market is projected to grow from USD 38.99 billion in 2025 to USD 66.80billion by 2035, growing at a compound annual growth rate (CAGR) of 5.53% over the forecast period from 2026 to 2035. Top key players in the steel casting market are Eagle Alloy, ArcelorMittal , Precision Castparts . (U.S.) Doosan Corporation (South Korea), Kobe Steel, Ltd. (Japan), Nucor Corporation (U.S.), Isgec Heavy Engineering Ltd. (India), The Japan Steel Works, LTD. (Japan), Nelcast Limited (India), Ferralloy, Inc. (Ohio), POSCO (South Korea)
Ottawa, Dec. 12, 2025 (GLOBE NEWSWIRE) -- According to Towards Chemical and Materials Consulting, the global steel casting market size reached at USD 38.99 billion in 2025 and is predicted to increase by USD 41.15 billion in 2026 and is expected to be worth around USD 66.80 billion by 2035, exhibiting at a compound annual growth rate (CAGR) of 5.53% over the forecast period 2026 to 2035. Rising demand for high-strength, durable components in the automotive and construction industries is driving growth in the steel casting market. A study published by Towards Chemical and Materials a sister firm of Precedence Research.

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What is Steel Casting?
The steel casting market is experiencing steady growth as industries continue to prioritize high-strength, durable, and dimensionally stable components. Steel castings are widely used in automotive, construction, mining, agriculture, marine, and power generation equipment due to their ability to withstand heavy loads, corrosion, and high temperatures. Growing infrastructure development, expansion of energy projects, and increased production of heavy machinery are contributing to the rising demand for cast steel parts.
Technological advancements such as improved moulding techniques, precision casting, automation, and digital simulation are enhancing production efficiency and enabling the manufacture of more complex geometries. At the same time, manufacturers are increasingly focusing on sustainability, including improved recycling practices and energy-efficient processes, which are shaping modern foundry operations.
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Steel Casting Market Report Highlights
Advantages of Using Steel Casting Products
Robust Strength and Durability
Any component produced to meet the machinery standards must possess strength and durability. One of the prominent advantages of steel casting across various industries is its compelling strength and durability. Moreover, casting products quality is particularly crucial in industries where structural integrity is of utmost importance, such as automotive, construction, and aerospace.
Design Flexibility
Steel casting often comes with a variety of designs and flexibility. The cast steel process creates complex shapes that appear tough with other manufacturing processes. In the steel foundry, engineers ensure precision in the form and size of the cast steel while working on the steel casting process. The transformation, starting from the design process to the final product, is simple and fast and helps shorten the delivery time.
Cost-Effective Production
The cost of production plays a vital role in any industry. While steel casting offers excellent quality and precision, it has also resulted in one of the industry’s most efficient and cost-effective manufacturing methods. By optimizing the use of resources and reducing waste throughout the production process, longevity and durability contribute to the cost-effectiveness of steel casting products.
Versatility in Applications
Cast steel products are used across diverse industries for various applications. For instance, they are widely used in critical engine and structural components in the automobile and construction industry. Cast steel’s durability benefits power generation, while the mining industry relies on it for robust machinery parts. These properties have made steel castings a critical component across various industrial applications.
Customization Properties
A steel casting product has tremendous machinability and weldability. Being metallurgically versatile, casting allows the designers to choose different chemical compositions required to fulfill the project’s needs. This allows feasible machining and welding for further customization and adjustments, amplifying the overall performance of the end product.
Industry Reports Signal Strong Future for Steel & Investment Castings
Austin Alloy Cast , leveraging its capabilities and metallurgical proficiency is strategically placed to meet this growing worldwide need.
These documents verify that steel castings remain crucial in scenarios where robustness, resistance, to corrosion pressure endurance and extended reliability are indispensable.
Reasons Behind Increasing Demand: Expansion, in Key Heavy Industries
1.Construction & Infrastructure
High strength steel castings are essential, for structural elements, crane components, heavy earthmoving machinery and foundation frameworks.
2. Mining & Material Handling
Durable castings designed for crushers, conveyor equipment and drilling machines remain in worldwide demand.
3. Railways & Transportation
Cast steel is extensively used in bogies, couplers, brake parts, housings and underframe assemblies.
4. Oil & Gas & Petrochemicals
Steel castings that are corrosion resistant and capable of withstanding pressure are required for valves, pumps, drilling machinery and parts of refineries.
5. Defence & Marine Engineering
Robust frameworks parts and propulsion mechanisms rely on accurately crafted steel castings.
6. Renewable Energy
Cast steel components are being increasingly chosen for wind turbines, hydroelectric installations and solar power facilities due, to their dependability and durability.
For foundries possessing the expertise and quality frameworks this expansion, across industries presents a significant opportunity.
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Metal Casting Market Report Scope
| Report Attribute | Details |
| Market size value in 2025 | USD 41.15 Billion |
| Revenue forecast in 2035 | USD 66.80 Billion |
| Growth Rate | CAGR of 5.53% from 2026 to 2035 |
| Base year for estimation | 2025 |
| Historical data | 2021 - 2025 |
| Forecast period | 2026 - 2035 |
| Quantitative Units | Revenue in USD million/billion, volume in kilotons, and CAGR from 2025 to 2033 |
| Report coverage | Volume forecast, revenue forecast, competitive landscape, growth factors, and trends |
| Segments covered | By Type, By Process, By Application, By Region |
| Regional scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country scope | U.S.; Canada; Mexico; Germany; France; Italy; Spain; China; India; Japan; South Korea; Brazil |
| Key companies profiled | Eagle Alloy, ArcelorMittal , Precision Castparts . (U.S.) , Doosan Corporation (South Korea), Kobe Steel, Ltd. (Japan), Nucor Corporation (U.S.), Isgec Heavy Engineering Ltd. (India), The Japan Steel Works, LTD. (Japan), Nelcast Limited (India), Ferralloy, Inc. (Ohio), POSCO (South Korea) |
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Chemical Composition: Tailoring Properties to Applications
The chemical composition of cast steel is pivotal in determining its mechanical and physical properties. Broadly, cast steel falls into two categories: carbon cast steel and alloyed cast steel.
Carbon Cast Steel
Carbon cast steel is classified based on its carbon content:
Alloyed Cast Steel
Alloyed cast steel is engineered for specific properties through the addition of alloying elements:
Stainless steel, for instance, owes its corrosion resistance to chromium, which forms a protective oxide layer. Similarly, the manganese in Hadfield’s steel strengthens the material under intense working conditions.
| ASTM | Chemical Requirements | Tensile Requirements | |||||||
| STEEL GRADE | Carbon | Manganese | Silicon | Sulfur | Phosphorus | Tensile Strength | Yield Point | Elongation in 2 in. | Reduction of Area |
| Max % / Range | Min. ksi [Mpa] / Range | Min. % | |||||||
| ASTM A27 / A27M | |||||||||
| ASTM A27, Grade N-1 | 0.25 | 0.75 | 0.80 | 0.06 | 0.05 | N/A | N/A | N/A | N/A |
| ASTM A27, Grade N-2 | 0.35 | 0.60 | 0.80 | 0.06 | 0.05 | N/A | N/A | N/A | N/A |
| ASTM A27, Grade U60-30 | 0.25 | 0.75 | 0.80 | 0.06 | 0.05 | 60 [415] | 30 [205] | 22 | 30 |
| ASTM A27, Grade 60-30 | 0.30 | 0.60 | 0.80 | 0.06 | 0.05 | 60 [415] | 30 [205] | 24 | 35 |
| ASTM A27, Grade 65-35 | 0.30 | 0.70 | 0.80 | 0.06 | 0.05 | 65 [450] | 35 [240] | 24 | 35 |
| ASTM A27, Grade 70-36 | 0.35 | 0.70 | 0.80 | 0.06 | 0.05 | 70 [485] | 36 [250] | 22 | 30 |
| ASTM A27, Grade 70-40 | 0.25 | 1.20 | 0.80 | 0.06 | 0.05 | 70 [485] | 40 [275] | 22 | 30 |
| ASTM A148 / A148M | |||||||||
| ASTM A148, Grade 80-40 | N/A | N/A | N/A | 0.06 | 0.05 | 80 [550] | 40 [275] | 18 | 30 |
| ASTM A148, Grade 80-50 | N/A | N/A | N/A | 0.06 | 0.05 | 80 [550] | 50 [345] | 22 | 35 |
| ASTM A148, Grade 90-60 | N/A | N/A | N/A | 0.06 | 0.05 | 90 [620] | 60 [415] | 20 | 40 |
| ASTM A216 / A216M | |||||||||
| ASTM A216, Grade WCA | 0.25 | 0.70 | 0.60 | 0.045 | 0.04 | 60-85 [415-585] | 30 [205] | 24 | 35 |
| ASTM A216, Grade WCB | 0.30 | 1.00 | 0.60 | 0.045 | 0.04 | 70-95 [485-655] | 36 [250] | 22 | 35 |
| ASTM A216, Grade WCC | 0.25 | 1.20 | 0.60 | 0.045 | 0.04 | 70-95 [485-655] | 40 [275] | 22 | 35 |
Private Industry Investments for Steel Casting:
What Are the Major Trends in the Steel Casting Market?
How Does AI Influence the Growth of the Steel Casting Industry in 2025?
AI is accelerating the growth of the steel casting industry in 2025 by enabling smarter, more efficient, and more sustainable production. Through real-time monitoring, predicting maintenance, and automated quality injection, AI reduces defects and improves overall process reliability. Advanced tools such as digital twins and simulation optimize mould design and casting parameters, helping manufacturers cut waste and enhance productivity. This adoption of AI-driven systems strengthens operational efficiency, improves product consistency, and supports the industry’s shift toward modern, technology-enabled foundries.
Market Opportunity
Can Smart Factory Adoption Open New Possibilities?
Foundries using AI, sensors, and automation can improve consistency, reduce downtime, and enhance casting accuracy. The shift toward smart operations creates an opportunity for steel casters to deliver higher-quality parts with better efficiency. Companies adopting digital tools gain stronger reliability and better efficiency. Companies adopting digital tools gain stronger reliability and better control over production, helping them meet rising industry expectations.
Can Sustainability Practices Boost Industry Demand?
Steel casters that adopt cleaner processes, energy-efficient systems, and better recycling can stand out as industries seek environmentally responsible suppliers. Sustainable operations reduce waste and improve cost effectiveness while supporting local climate goals. This creates a growing opportunity for foundries that prioritise greener manufacturing.
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Steel Casting Market Segmentation Insights
Type Insights:
Why Carbon Steel Segment Dominated the Steel Casting Market?
The carbon steel segment dominated the market in 2024, capturing the largest share of usage among steel types. This dominance is rooted in carbon steel’s strength, wear resistance and versatility across a wide range of applications from heavy machinery and construction equipment to general industrial components, making it the go-to choose for many manufacturers seeking reliability and cost effectiveness.
The low-alloy steel segment is expected to grow at the fastest rate during the forecast period. The rising demand for lighter, yet stronger and more durable components, especially in sectors like automotive, aerospace, and heavy machinery, is driving interest in low-alloy steel. Its enhanced mechanical properties compared to basic carbon steel make it attractive for modern engineering needs, which positions it well for rapid growth in the coming years.
Process Insights:
Which Process Segment Held the Dominating Share of the Steel Casting Market In 2024?
The sand-casting segment held the largest market share in 2024. Sand casting remains widely used because it is cost-effective and well-suited for producing large, heavy, or simple geometry parts such as engine blocks, housing, and large machinery castings, making it ideal for heavy engineering and construction sector demand.
The die-casting segment is projected to grow at the fastest rate over the coming years. As demand increases for high precision, complex geometry components, die casting, with its ability to produce finer detail, surface finish, and tighter dimensional tolerances, becomes increasingly attractive.
Application Insights:
How Power Generation Segment hold the Largest Share of the Steel Casting Market in 2024?
The power generation segment dominated the market in 2024 with the largest share. The increasing global demand for energy, including both conventional and renewable power plants, has driven demand for durable, heavy-duty cast steel components such as turbine housings, generator casings, and structural parts, making power generation a major consumer of steel castings.
The construction machinery segment is predicted to grow at the fastest pace during the forecast period, especially in developing regions, where demand for robust, wear-resistant cast components for heavy equipment and construction machinery increases, boosting growth for this segment.
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Regional Insights
What Makes Asia Pacific the Heart of the Steel Casting Market?
Asia Pacific dominated the market in 2025, thanks to its large industrial and manufacturing base, widespread infrastructure and construction activity, and growing demand from automotive, power generation, and heavy machinery sectors. These favourable structural conditions, including plentiful raw materials, cost-effective labour, and supportive industrial policies, sustain high production volumes and steady demand for cast steel components across the region.
China Steel Casting Market Trends
China stands out due to its vast foundry capacity, well-integrated supply chains, and high domestic demand for cast components across automotive, infrastructure, and heavy industry segments. Its role as a global manufacturing hub and continued investments in industrial expansion and modernization further reinforce its leading position in the regional market.
Why Is North America Becoming a Growing Region for Steel Casting?
North America is emerging as the fastest-growing regional market for steel casting, driven by increasing demand for lightweight, high-performance cast components, especially from automotive, aerospace, energy, and infrastructure sectors. The rise in electric vehicle production and a renewed focus on infrastructure modernization are fuelling demand for durable cast parts.
U.S. Steel Casting Market Trends
Within North America, the U.S. plays a leading role due to strong industrial demand, supportive policy measures for domestic manufacturing and infrastructure, and a robust presence of casting capacity foundries. The push for supply chain resilience, combined with growing needs in automotive, energy and defence sector, reinforces demand for quality steel castings. The U.S.’s advanced capabilities in precision casting and adoption of modern casting technologies strengthen its position within the regional market.
Top Companies in the Steel Casting Market & Their Offerings:
More Insights in Towards Chemical and Materials:
Steel Casting Market Top Key Companies:

What is Going on Around the Global Steel Casting Industry?
Steel Casting Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2035. For this study, Towards Chemical and Materials has segmented the global Steel Casting Market
By Type
By Process
By Application
By Regional
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