Stainless Steel Casting Market Research Report Information By Casting Process (Die and Permanent Mold, Sand, Investment, Centrifugal, Continuous ,And Others), By Application (Automotive, Building and Construction, Equipment’s and Machines, Consumer Goods, Mining, And Other Applications), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America ) –Market Forecast Till 2035

Global Stainless Steel Casting Market Overview

Stainless Steel Casting Market Size Was Valued At USD 20,972.49 Million In 2024. The Global Stainless Steel Casting Industry Is Projected To Grow From USD 22,155.34 Million In 2025 To USD 34,725.18 Million By 2035, Exhibiting A Compound Annual Growth Rate (CAGR) Of 5.35% During The Forecast Period (2024 - 2035).

Increasing Demand Of Stainless Steel With Increasing Electric Car Demand And Increasing Demand In Healthcare Sector is driving the Global Stainless Steel Casting Market.

As per Analyst at MRFR,” 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”

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Stainless Steel Casting Market Trends

                NEW TECHNOLOGICAL SHIFT.

• Metal 3D printing is a process of creating three-dimensional objects from a digital file. The process uses a computer-controlled machine to melt and solidify metal powder, layer by layer, to create the desired object.


• Metal 3D printing is becoming increasingly popular for a variety of applications, including the production of steel castings. Steel castings are objects that are made by pouring molten steel into a mold. The mold is then cooled and the steel casting is removed.


• There are a number of advantages to using metal 3D printing for the production of steel castings. These advantages include:


• The ability to produce complex shapes: Metal 3D printing can be used to produce complex shapes that would be difficult or impossible to produce using traditional casting methods.


• The ability to produce high-quality castings: Metal 3D printing can produce high-quality castings with good surface finishes and dimensional accuracy.


• The ability to produce castings with complex internal features: Metal 3D printing can produce castings with complex internal features that would be difficult or impossible to produce using traditional casting methods.

As a result of these advantages, the use of metal 3D printing for the production of steel castings is expected to increase the pace of stainless steel casting.

Stainless Steel Casting Market Segment Insights

Global Stainless Steel Casting Route of Administration Insights

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.

Figure 1: Global Stainless Steel Casting Market, By Route of Administration, 2024 & 2035 (USD Million)

Global Stainless Steel Casting Application Insights

By Application, the 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.

Global Stainless Steel Casting Regional Insights

Based on region, the Stainless Steel Casting 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 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.

Figure 2: Global Stainless Steel Casting Market, by region, 2024 & 2035 (USD Million)

Further, the major countries studied in the market report are the U.S., Canada, Mexico, Germany, France, Italy, UK, Spain, Japan, UAE, South Africa, Saudi Arabia, Argentina, and Brazil.

Global Stainless Steel Casting Key Market Players & Competitive Insight

Many global, regional, and local vendors characterize the Stainless Steel Casting Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.

The major players in the market include 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. The Stainless Steel Casting Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.

Key Companies in the Stainless Steel Casting Market include.

• 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

Stainless Steel Casting Market Segmentation

Stainless Steel Casting Market By Casting Process Outlook (USD Million, 2019-2035)

• Die and Permanent Mold


• Sand


• Investment


• Centrifugal


• Continuous

Stainless Steel Casting Market By Application Outlook (USD Million, 2019-2035)

• Automotive


• Building and Construction


• Equipments and Machines


• Consumer Goods


• Mining


• Other Applications

Global Stainless Steel Casting Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Spain
  
  
  • Italy
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Middle East and Africa


• Latin America

Report Attribute/Metric	Details
Market Size 2024	USD 20,972.49 Million
Market Size 2025	USD 22,155.34 Million
Market Size 2035	USD 34,725.18 Million
Compound Annual Growth Rate (CAGR)	5.35% (2025-2035)
Base Year	2024
Market Forecast Period	2025-2035
Historical Data	2019- 2023
Market Forecast Units	Value (USD Million & Kilotons)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Casting Process, By Application and Region.
Geographies Covered	North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Countries Covered	The U.S., Canada, Mexico, Germany, France, Italy, UK, Spain, China, Japan, India, UAE, South Africa, Saudi Arabia, Argentina, and Brazil.
Key Companies Profiled	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.
Key Market Opportunities	·         SMALL AND MEDIUM SCALE MANUFACTURERS IS EXPECTED TO MEET THE DEMAND SUPPLY GAP OF STAINLESS-STEEL CASTING ·         NEW TECHNOLOGICAL SHIFT
Key Market Dynamics	·         INCREASING DEMAND OF STAINLESS STEEL WITH INCREASING ELECTRIC CAR DEMAND ·         INCREASING DEMAND IN HEALTHCARE SECTOR