Market Summary
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
Market Size & Forecast
| 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 |
Major Players
Global Outlook (USD Million & Kilotons, 2019-2035)
Global Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
Global Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
North America Outlook (USD Million & Kilotons, 2019-2035)
North America Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
North America Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
Europe Outlook (USD Million & Kilotons, 2019-2035)
Europe Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
Europe Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
Asia Pacific Outlook (USD Million & Kilotons, 2019-2035)
Asia Pacific Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
Asia Pacific Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
U.S. Outlook (USD Million & Kilotons, 2019-2035)
U.S. Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
U.S. Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
Canada Outlook (USD Million & Kilotons, 2019-2035)
Canada Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
Canada Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
Mexico Outlook (USD Million & Kilotons, 2019-2035)
Mexico Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
Mexico Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
U.K. Outlook (USD Million & Kilotons, 2019-2035)
U.K. Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
U.K. Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
Germany Outlook (USD Million & Kilotons, 2019-2035)
Germany Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
Germany Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
France Outlook (USD Million & Kilotons, 2019-2035)
France Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
France Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
Italy Outlook (USD Million & Kilotons, 2019-2035)
Italy Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
Italy Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
Spain Outlook (USD Million & Kilotons, 2019-2035)
Spain Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
Spain Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
RoE Outlook (USD Million & Kilotons, 2019-2035)
RoE Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
RoE Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
China Outlook (USD Million & Kilotons, 2019-2035)
China Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
China Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
Japan Outlook (USD Million & Kilotons, 2019-2035)
Japan Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
Japan Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
India Outlook (USD Million & Kilotons, 2019-2035)
India Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
India Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
South Korea Outlook (USD Million & Kilotons, 2019-2035)
South Korea Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
South Korea Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
RoAPAC Outlook (USD Million & Kilotons, 2019-2035)
RoAPAC Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
RoAPAC Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
South Africa Outlook (USD Million & Kilotons, 2019-2035)
South Africa Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
South Africa Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
Brazil Outlook (USD Million & Kilotons, 2019-2035)
Brazil Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
Brazil Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
Argentina Outlook (USD Million & Kilotons, 2019-2035)
Argentina Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
Argentina Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
Middle East Outlook (USD Million & Kilotons, 2019-2035)
Middle East Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
Middle East Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
RoLAMEA Outlook (USD Million & Kilotons, 2019-2035)
RoLAMEA Stainless Steel Casting , Casting Process (USD Million & Kilotons, 2019-2035)
- Die and Permanent Mold
- Sand
- Investment
- Centrifugal
- Continuous
RoLAMEA Stainless Steel Casting , Application (USD Million & Kilotons, 2019-2035)
- Automotive
- Building and Construction
- Equipments and Machines
- Consumer Goods
- Mining
- Other Applications
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