North America Iron & Steel Casting Market To Witness Lucrative Growth Through 2027

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North America Iron Steel Casting Market is
predicted to witness over 6.3 CAGR by 2027
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• North America Iron Steel Casting Market To Hit
  USD 30 Bn By 2027. Owing to the steady
  progression of the regional construction sector,
  North America iron steel casting market
  forecast hints at a significant growth. The
  favorable moves of the regional government are
  supporting industrial expansion across Canada and
  the U.S. For instance, in July 2020, the United
  States-Mexico-Canada Agreement (USMCA) was
  enacted for strengthening the automotive supply
  chain in the U.S.
• Waupaca Foundry, Inc, Hitachi Metals., Nucor
  Corp., ArcelorMittal, Nelcast Ltd., Nippon Steel
  Corp., and POSCO are some leading iron and steel
  casting companies in North America. Several of
  these entities are formulating strategies to
  expand their geographical reach through capacity
  expansion, new manufacturing units, and
  development of a stronger distribution network.
• Keep track of the following trends to gain
  insights into the market
• Augmented consumption of cast iron products
• North America iron casting market share was worth
  over 80 of the total revenue during 2020. Cast
  iron products are increasingly deployed by a
  multitude of end-users ranging from oil gas to
  construction companies. Since gray iron is the
  most preferable type of cast iron, its usage in
  the manufacturing of valve bodies, engine
  cylinder blocks, electrical boxes, and pumps has
  been augmenting constantly. The growing number of
  shale gas exploration initiatives across the U.S.
  might further add to the need for high-quality
  cast iron products over 2027.

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Affordability of sand casting process Between
2021 and 2027, the sand-casting market share is
slated to observe a growth of nearly 6.2 CAGR in
North America. On account of its widespread
utilization in high temperature applications, the
opportunities from end-user industries are
substantially promising. The extraordinary heat
resistance, greater flexibility, and minimal
operational costs are enticing enterprises toward
this casting process in North America. With the
growing automotive production rate in the region,
the use of automotive parts that are manufactured
using this technique will grow steadily. HVAC
product consumption across United States Thanks
to the rising curve displayed by the HVAC
industry, the die casting segment claimed over
25 of North America iron steel casting
industry share during 2020. The ability of this
process to support the production of durable,
dimensionally stable products with a high-quality
finish, is influencing end-users. HVAC products
such as die cast aluminum radiators are seeing an
uptick in consumption in the U.S., because the
installation of die-cast cooling systems can
ensure prevention of downtimes and costly
maintenance.
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Segments of North America Iron Steel Casting
Market

• North America Market, By Material
• Iron 
• White iron
• Ductile iron
• Gray iron
• Steel
• North America Market, By Process
• Sand casting
• Die casting
• Others

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