Global Continuous Casting Billets Market - 2023-2030

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,350	230 Pages	DataM Intelligence 4Market Research LLP	February, 2025	DTAM19614215

Best Price Guarantee
Price	from $4,350
Length	230 Pages
Publisher	DataM Intelligence 4Market Research LLP
Published Date	February, 2025
SKU	DTAM19614215

Continuous Casting Billets Market The global continuous casting billets market is estimated to grow at a CAGR of 3.79% during the forecast period (2024-2031) to reach a value of USD 59.22 billion in 2031.

Increase in the applications of Continuous Casting Billets in various industries such as construction, aerospace, automotive, and manufacturing helps to boost the demand of the continuous casting billets market. Rapid growing industry of construction and infrastructure further helps to boost market growth over the forecast period. The manufacturing sector requires billets for producing equipment and machinery. Growth in manufacturing activities globally helps to boost demand for continuous casting billets. Wind turbines and solar panels require materials like aluminum and steel billets for manufacturing components used in these technologies. Technological advancement in process control, automation, and predictive analytics helps to boost product quality and helps to reduce energy consumption. Also rapid growth in electric vehicle use creates an opportunity for the market.

Continuous Casting Billets Market Dynamics

Rising Infrastructural Development

Buildings, bridges, roads, trains, airports, and other necessary structures are some of the physical assets and amenities that are constructed as part of infrastructure development. The need for steel and metal components, particularly square billets, rises dramatically as countries and regions make investments in transforming and enhancing their infrastructure.

According to the report published by McKinsey & Company in 2020, construction which consists of infrastructure, and industrial structures is one of the largest industries in the global economy accounted around 13% of the world’s GDP. Rising infrastructural development plays an important role in boosting the growth of the continuous casting billets market.

As countries invest in expanding their infrastructure, including transportation networks, energy facilities, and urbanization projects, the demand for construction materials like billets experiences a substantial upswing. The construction of bridges, roads, buildings, and other vital structures requires a steady supply of high-quality billets for various applications.

Furthermore, the modernization of urban areas and the development of smart cities necessitate durable and efficient materials, driving the need for advanced billets that offer superior properties. The increased emphasis on sustainable construction practices further propels the demand for billets produced from recycled materials and cleaner production processes. This trend aligns with the growing awareness of environmental concerns and promotes the adoption of eco-friendly materials.

The evolving energy landscape drives innovation in billet materials that can withstand harsh environmental conditions while maintaining structural integrity.

Continuous Casting Billets Market Segmentation Analysis

By Material

The steel market was USD YY Billion in 2022 and is expected to reach USD YY Billion by 2030, growing with a CAGR of YY% between 2023 and 2030.

Steel is a remarkable combination of properties including strength, and corrosion resistance. This makes it highly suitable for a wide range of industrial applications, including automotive, aerospace, construction, and machinery manufacturing. The versatility of steel drives its demand across various sectors, contributing to its significant market share.

The steel segment is focusing on lightweight materials to improve fuel efficiency and reduce emissions. Steel offers a favorable balance between strength and weight, making it an attractive choice for lightweight applications in various industries, including aerospace and automotive.

The energy and power sector relies on steel components for their robustness and resistance to extreme conditions. As the world transitions towards cleaner energy sources, the demand for steel used in wind turbines, power plants, and other energy infrastructure remains robust.

The steel segment is benefitting from technological advancements that enhance the quality and consistency of cast products. This is attracting industries looking for precise specifications, further propelling the steel segment market growth.

For instance, on August 10, 2022, KISCO launched an innovative addition to its lineup: a state-of-the-art continuous casting machine designed for the production of steel billets. Developed in collaboration with Primetals UK, this cutting-edge closed continuous caster is outfitted with advanced features such as an Electro Magnetic Stirrer and an Automatic Mould Level Controller sourced from Berthold Germany. This meticulously crafted machine is tailored to manufacture a diverse range of alloy steel billets, ranging in size from 100x100 to 200x200, catering to a wide spectrum of industry needs.

Continuous Casting Billets Market Geographical Share’

The North America Continuous Casting Billets market was USD YY Billion in 2022 and is expected to reach USD YY Billion by 2030, growing with a CAGR of YY% between 2023 and 2030.

North America's strong position in the continuous casting billets market is influenced by the region's robust demand for steel and other metal products. Industries such as construction, automotive, aerospace, and manufacturing are significant consumers of continuous-casting billets, driving the demand for these semi-finished metal products. This high demand creates a conducive environment for the growth and expansion of the continuous casting billets market in North America.

North America has advanced technology and manufacturing companies that excel in the production of continuous-casting billets. This technological edge gives North American companies a competitive advantage in the global market, attracting both domestic and international customers seeking top-notch products.

For instance, on August 11, 2023, ArcelorMittal Kryvyi Rih launched the restart of a converter and one of its trio of continuous-casting billet machines, signifying a determined recovery after the compelled shutdown.

The industrial infrastructure in North America, including well-established steel mills, foundries, and metal processing facilities, provides a solid foundation for the continuous casting billets market to thrive. This infrastructure not only supports local demand but also facilitates exports to other regions, enhancing North America's global market dominance.

Company Profile

Danieli & C. S.p.A.
• Danieli & C. S.p.A. is an Italian engineering company specializing in equipment, plants, and services for the metals and mining industries.
• The company was established in 1914 with a long history of innovation and technological advancements in metal processing and manufacturing. With headquarters in Buttrio, Italy, Danieli operates globally, serving clients in various countries and regions.
• Danieli offers a comprehensive range of solutions for the entire metal production process, from raw material handling to finished product output.
• Danieli provides turnkey solutions for steel plants, which involve designing, manufacturing, and installing equipment required for various stages of steel production. It is involved in providing solutions for the mining and metals processing industries.

1. Methodology and Scope: 1.1. Research Methodology; 1.2. Scope of the Report
2. Definition and Overview
3. Executive Summary: 3.1. Market Snippet by Size; 3.2. Market Snippet by Shape; 3.3. Market Snippet by Material; 3.4. Market Snippet by End-User; 3.5. Market Snippet by Region
4. Market Dynamics: 4.1. Market Impacting Factors; 4.1.1. Drivers; 4.1.1.1. Rising Infrastructural Development; 4.1.1.2. Technological Advancements; 4.1.2. Restraints; 4.1.2.1. High Costs; 4.1.2.2. Environmental Regulations; 4.1.3. Opportunity; 4.1.4. Impact Analysis
5. Industry Factors: 5.1. Porter’s Five Force Analysis; 5.2. Regulatory Analysis; 5.3. Supply Chain Analysis; 5.4. Pricing Analysis; 5.5. Russia Ukraine War Impact Analysis; 5.6. DMI Opinion
6. By COVID-19 Analysis: 6.1. Analysis of COVID-19 on the Market*; 6.2. Before COVID-19 Market Scenario; 6.3. Present COVID-19 Market Scenario; 6.4. After COVID-19 or Future Scenario; 6.5. Pricing Dynamics Amid COVID-19; 6.6. Demand-Supply Spectrum; 6.7. Government Initiatives Related to the Market During Pandemic; 6.8. Manufacturers Strategic Initiatives; 6.9. Conclusion
7. By Size: 7.1. Introduction; 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Size; 7.1.2. Market Attractiveness Index, By Size; 7.2. 100×100*; 7.2.1. Introduction; 7.2.2. Market Size Analysis, US$ Million, 2021-2030 and Y-o-Y Growth Analysis (%), 2022-2030; 7.3. 120x120; 7.4. 140x140; 7.5. 160x160 0; 7.6. Others
8. By Shape: 8.1. Introduction; 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Shape; 8.1.2. Market Attractiveness Index, By Shape; 8.2. Round*; 8.2.1. Introduction; 8.2.2. Market Size Analysis, US$ Million, 2021-2030 and Y-o-Y Growth Analysis (%), 2022-2030; 8.3. Hexagon; 8.4. Square; 8.5. Others
9. By Material: 9.1. Introduction; 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material; 9.1.2. Market Attractiveness Index, By Material; 9.2. Steel*; 9.2.1. Introduction; 9.2.2. Market Size Analysis, US$ Million, 2021-2030 and Y-o-Y Growth Analysis (%), 2022-2030; 9.2.3. Carbon Steel; 9.2.4. Stainless Steel; 9.2.5. Others; 9.3. Copper; 9.4. Aluminum; 9.5. Others
10. By End-User: 10.1. Introduction; 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User; 10.1.2. Market Attractiveness Index, By End-User; 10.2. Automotive*; 10.2.1. Introduction; 10.2.2. Market Size Analysis, US$ Million, 2021-2030 and Y-o-Y Growth Analysis (%), 2022-2030; 10.3. Aerospace; 10.4. Oil & Gas; 10.5. Power Generation; 10.6. Construction; 10.7. Others
11. By Region: 11.1. Introduction; 11.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region; 11.1.2. Market Attractiveness Index, By Region; 11.2. North America; 11.2.1. Introduction; 11.2.2. Key Region-Specific Dynamics; 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Size; 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Shape; 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material; 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Process; 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User; 11.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 11.2.8.1. U.S.; 11.2.8.2. Canada; 11.2.8.3. Mexico; 11.3. South America; 11.3.1. Introduction; 11.3.2. Key Region-Specific Dynamics; 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Size; 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Shape; 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material; 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Process; 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User; 11.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 11.3.8.1. Brazil; 11.3.8.2. Argentina; 11.3.8.3. Rest of South America; 11.4. Europe; 11.4.1. Introduction; 11.4.2. Key Region-Specific Dynamics; 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Size; 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Shape; 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material; 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Process; 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User; 11.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 11.4.9. Germany; 11.4.10. UK; 11.4.11. France; 11.4.12. Russia; 11.4.13. Spain; 11.4.14. Rest of Europe; 11.5. Asia-Pacific; 11.6. Introduction; 11.7. Key Region-Specific Dynamics; 11.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Size; 11.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Shape; 11.10. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material; 11.11. Market Size Analysis and Y-o-Y Growth Analysis (%), By Process; 11.12. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User; 11.13. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 11.13.1. China; 11.13.2. India; 11.13.3. Japan; 11.13.4. Australia; 11.13.5. Rest of Asia-Pacific; 11.14. Middle East & Africa; 11.14.1. Introduction; 11.14.2. Key Region-Specific Dynamics; 11.14.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Size; 11.14.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Shape; 11.14.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material; 11.14.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Process; 11.14.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
12. Competitive Landscape: 12.1. Competitive Scenario; 12.2. Market Positioning/Share Analysis; 12.3. Mergers and Acquisitions Analysis
13. Company Profiles: 13.1. Danieli & C. S.p.A.*; 13.1.1. Company Overview; 13.1.2. Product Portfolio and Description; 13.1.3. Key Highlights; 13.1.4. Financial Overview; 13.2. Liberty Steel Group; 13.3. Ambica Steels Ltd; 13.4. Alleima; 13.5. Deutsche Nickel GmbH; 13.6. Baosteel Group; 13.7. Bansal Alloys & Metals Pvt. Ltd.; 13.8. Emirates Global Aluminium; 13.9. TMK Group; 13.10. Kesri Alloys (*LIST NOT EXHAUSTIVE)
14. DataM Intelligence: 14.1. Appendix; 14.2. About Us and Services; 14.3. Contact Us