The Market Reports

Synopsis
The global market for Continuous Casting Bar was estimated to be worth US$ 467 million in 2024 and is forecast to a readjusted size of US$ 646 million by 2031 with a CAGR of 4.5% during the forecast period 2025-2031.
The development of continuous casting technology can be traced back to the 1970s, and it has developed rapidly under the pressure of energy shortage. By the 1980s, continuous casting technology had become a mature technology and was widely used in the metallurgical industry. In the 1990s, continuous casting technology set off a new revolution, and many new continuous casting technologies were proposed and applied in actual production.
Continuous casting is an advanced casting method. Its principle is to continuously pour molten metal into a special metal mold called a crystallizer, and the solidified (or crusted) casting is continuously pulled out from the other end of the crystallizer to obtain castings of any length or specific length.
Continuous casting can be used for casting a variety of metal materials, such as iron, aluminum alloys, etc. At the same time, it is also suitable for the production of castings of various shapes, such as bars, plates, etc. Continuous casting bar, as one of the product forms, are used to manufacture various mechanical parts, structural parts, etc.
1. Global Continuous Casting Bar Market: Structural Growth and Diversified Competition
As an industrial basic material, the market demand for continuous casting bars is deeply tied to the prosperity of the manufacturing industry. The current market is dominated by gray iron bars (38.59%), ductile iron bars (28.42%), and alloy bars (26.83%), which together account for more than 94%, while cast steel bars (6.16%) have a lower share due to cost and process restrictions. This pattern reflects the differentiated demand for material properties in the downstream industry: gray iron bars are widely used in general scenarios due to their low cost and high castability; the high strength characteristics of ductile iron bars make them the first choice in the fields of automobiles, heavy machinery, etc.; alloy bars are irreplaceable in special working conditions (such as energy equipment and chemical pipelines) due to their high temperature resistance and corrosion resistance. It is worth noting that with the trend of lightweighting and energy conservation and emission reduction, the compound growth rate of the aluminum-based alloy bar market is expected to be significantly higher than the industry average.
From the application side, the automobile industry ranks first with a share of 28.44%, and its demand is concentrated in engine cylinders, transmission components and chassis structures. The proportion of heavy machinery (13.02%) and construction machinery (9.96%) is highly related to the global infrastructure investment cycle, and the acceleration of urbanization in emerging markets provides long-term support for these two major areas. In addition, the application expansion of new energy fields (such as wind power gearboxes and photovoltaic bracket connectors) may become a new growth point in the future.
2. Regional competition: European and American technical barriers vs. Asian cost advantages
The global market presents a four-pole competition pattern of Europe, the United States, China and Japan. European companies (such as United Cast Bar) have a monopoly in the field of high-end alloy bars with their century-old casting experience and patented technology. In the Asian camp, Japan's KOGI is known for its precision casting technology, and the rise of Chinese companies is particularly significant: Hengong Precision Equipment Co., Ltd, Jiangsu Hualong, etc. have achieved import substitution through the "scaled production + localized service" strategy.
3. Future challenges and opportunities
The current industry faces three challenges: 1) Fluctuations in raw material prices (over 60% of the cost of pig iron and scrap steel); 2) Stricter environmental protection policies force companies to upgrade arc furnace smelting and waste gas treatment systems; 3) Upgrading of digital demand (such as bar quality traceability based on MES system). Leading companies are building moats through vertical integration (self-built scrap steel recycling network), process innovation (electromagnetic stirring continuous casting technology to reduce segregation rate) and service extension (providing customized heat treatment solutions).
This report aims to provide a comprehensive presentation of the global market for Continuous Casting Bar, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Continuous Casting Bar by region & country, by Type, and by Application.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Continuous Casting Bar cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
The Continuous Casting Bar market size, estimations, and forecasts are provided in terms of sales volume (Tons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Continuous Casting Bar.
Market Segmentation
By Company
United Cast Bar Ltd
Charter Dura-Bar
Hengong Precision Equipment Co., Ltd
KOGI Corporation
Jiangsu Hualong
ACO Guss GmbH
Tasso A/S
Tupy
Wuan Qichang Foundry
Henan Guotai Profile Technology
HANS Materials Inc
Resonac
Contifonte SAS
Nippon Chuzo
Kormax
Segment by Type
Gray Iron Bar
Ductile Iron Bar
Others
Segment by Application
Automotive
Casting Pipe & Pipe Fittings
ICE & Agricultural Machinery
Construction Machinery
Heavy Machinery
Machine Tools
Rail Transit
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Continuous Casting Bar manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Continuous Casting Bar in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Continuous Casting Bar in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index