Increasing Demand In Healthcare Sector is driving the Global Stainless Steel Casting Market, are expected to drive market expansion in the near future at a CAGR of 5.35% during the forecast period 2024 to 2035

Market Research Future (MRFR) has published a cooked research report on the “Global Stainless Steel Casting Market” that contains information from 2019 to 2035.

The Global Stainless Steel Casting Market is estimated to register a CAGR of 5.35% during the forecast period of 2024 to 2035.

MRFR recognizes the following companies as the key players in the Global Stainless Steel Casting Market— COLUMBIA STEEL CASTING CO., INC., DANDONG FUDING ENGINEERING MACHINERY CO., LTD., DOOSAN CORPORATION., FERRALLOY INC., FORTUNE FOUNDRIES PVT LTD, FUNDICIONES DEL ESTANDA, S.A. (ESTANDA), GOODWIN STEEL CASTINGS, HARRISON STEEL CASTINGS., among others.

Market Highlights

The Global Stainless Steel Casting Market is estimated to register a CAGR of 5.35% during the forecast period and is estimated to reach USD 34,725.18 Million by 2035.

The increasing demand for electric cars is driving the demand for stainless steel. Stainless steel is used in a variety of components in electric cars, including:

• Battery casings: Stainless steel is used to make the battery casings in electric cars. The battery casings need to be corrosion-resistant and strong, and stainless-steel meets both of these requirements.


• Power electronics: Stainless steel is also used to make the power electronics in electric cars. The power electronics need to be able to withstand high voltages and currents, and stainless steel is a good conductor of electricity.


• Exhaust systems: Stainless steel is also used to make the exhaust systems in electric cars. The exhaust systems need to be able to withstand high temperatures and corrosive emissions, and stainless steel is a good choice for this application.


• Structural components: Stainless steel is also used to make some of the structural components in electric cars, such as the frame and the suspension. Stainless steel is a strong and durable material, and it is also corrosion-resistant, making it a good choice for these applications.

Electric car market is growing rapidly in all regions. However, China is the clear leader, with a growth rate of 42%. The United States is also growing rapidly, with a growth rate of 35%. Europe and Japan are growing at a slower pace, but they are still expected to see significant growth in the coming years. South Korea and India are also growing rapidly, and they are expected to become major markets for electric cars in the coming years. These require stainless steel casting products and therefore will push the demand further for stainless steel casting.

Access full report @ https://www.marketresearchfuture.com/reports/stainless-steel-casting-market-55044

Segment Analysis

The Global Stainless Steel Casting Market has been segmented based By Route Of Administration, By Age Group, By Indication, By Distribution Channel

Die and Permanent Mold, Sand, Investment, Centrifugal, Continuous),And Others. The Die and Permanent Mold segment held the largest market share in 2024, and the Investment segment is the fastest-growing segment during the forecast period (2024 -2035).

Die and permanent mold casting are two types of metal casting processes that are used to produce stainless steel castings.

Die casting is a process in which molten metal is injected into a metal mold under high pressure. The metal then solidifies in the mold, creating a casting with a high degree of accuracy and repeatability.

Permanent mold casting is a process in which molten metal is poured into a metal mold. The metal then solidifies in the mold, creating a casting with a high degree of accuracy and repeatability.

Both die and permanent mold casting are used to produce a wide variety of stainless steel castings, including but not limited to:

• Automotive parts: Die and permanent mold casting are used to produce a wide variety of automotive parts, including engine blocks, cylinder heads, and transmission cases.


• Machinery parts: Die and permanent mold casting are used to produce a wide variety of machinery parts, including gears, bearings, and pum.

By Application, the global stainless steel casting market has been segmented into: Automotive, Building and Construction, Equipment’s and Machines, Consumer Goods, Mining, And Other Applications. The Equipments and Machines segment held the largest market in 2024, and the Consumer Goods segment is the fastest growing segment during the forecast period.

The machines and equipment that use stainless steel casting:

Food processing equipment: Stainless steel is the most common material used in food processing equipment because it is highly corrosion-resistant and can withstand the harsh chemicals used in food processing. Some of the specific parts of food processing equipment that use stainless steel castings include:

• Pumps: Stainless steel pumps are used to move food products through food processing equipment.


• Valves: Stainless steel valves are used to control the flow of food products through food processing equipment.


• Mixers: Stainless steel mixers are used to mix food products together.


• Conveyors: Stainless steel conveyors are used to transport food products through food processing equipment.

Chemical processing equipment: Stainless steel is also used in chemical processing equipment because it is resistant to the corrosive chemicals used in chemical processing

Regional Analysis

Based on region, the Global Peptide Market has been segmented into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific accounted for the largest market share in 2024 and is anticipated to reach USD 9,985,00 million by 2035. However, Asia-Pacific is projected to grow at the highest CAGR of 5.73% during the forecast period.

In 2024, the Asia-Pacific region accounted for the largest market share in the global stainless steel casting market due to several key factors. The region is home to rapidly growing economies such as China, India, Japan, and South Korea, which are witnessing robust industrialization and urbanization. These countries have strong demand across various sectors including construction, automotive, oil & gas, and machinery manufacturing—all of which heavily rely on stainless steel casting components. China's dominance in the global steel production industry, along with its vast manufacturing base, further solidifies Asia-Pacific’s leading position in the market.

Moreover, favorable government policies promoting infrastructure development and industrial growth have accelerated the demand for high-performance metal components. The rise of smart manufacturing and increased investment in renewable energy and public utilities are also driving the need for durable and corrosion-resistant stainless steel castings in the region.

By 2035, the Asia-Pacific market is anticipated to reach USD 9,985,000 million, driven by sustained economic growth, technological advancements, and increasing foreign direct investment (FDI) in manufacturing. Additionally, the region is projected to grow at the highest compound annual growth rate (CAGR) of 5.73% during the forecast period. This strong growth outlook is supported by rising domestic consumption, expanding industrial capacity, and ongoing development of smart cities and infrastructure projects. Overall, Asia-Pacific’s combination of scale, demand, and investment positions it as both the current leader and the fastest-growing region in the global stainless steel casting market.

Key Findings of the Study

• The Global Stainless Steel Casting Market is expected to reach USD 34,725.18 Million by 2035, at a CAGR of 5.35% during the forecast period.


• The Asia Pacific region accounted for the fastest growing in the global market.


• Based on Application, the Equipments and Machines segment was attributed to holding the largest market in 2023.


• COLUMBIA STEEL CASTING CO., INC., DANDONG FUDING ENGINEERING MACHINERY CO., LTD., DOOSAN CORPORATION., FERRALLOY INC., FORTUNE FOUNDRIES PVT LTD, FUNDICIONES DEL ESTANDA, S.A. (ESTANDA), GOODWIN STEEL CASTINGS, HARRISON STEEL CASTINGS., among others are the key market players.