Global Casting Rolls Market Size By Mill Type (Hot Strip Mill, Cold Strip Mill, Plate Mill), By Product (Hot Rolled Rolls, Section Steel Rolls), By Roll Grade (High-Cr Steel Rolls, HSS Rolls, High-Cr Iron Rolls), By End User (Automotive, Oil & Gas, Industrial), By Geographic Scope And Forecast

Casting Rolls Market Size And Forecast

Casting Rolls Market size was valued at USD 1,291.18 Million in 2021 and is projected to reach USD 2,656.26 Million by 2030, growing at a CAGR of 9.18% from 2022 to 2030.

The impact of cost drivers for investment in casting rolls for customers is expected to drive the growth of the market. Also, the categorization of main materials has shown advancements in the application areas are also forecasted to grow the market in the coming days. The Global Casting Rolls Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Casting Rolls Market Definition

So, when we're talking cylinders, the big split is between cast iron and cast steel. A cast iron cylinder usually has around 2.50% carbon. Now, within cast iron, you've got four main typeschilled, ductile, infinitely cooled, and high chromium. These are all about the different ingredients we throw in. Inside a cast iron cylinder, you'll typically find a mix of matrix, cementite, and graphite structures. The matrix itself is mostly made up of austenite, martensite, iron, bainite, and pearlite. And the graphite? It's usually flaky or spherical. Now, for cast steel cylinders, we can break them down further into semi-steel (around 1.4% to 2.40% carbon) and regular steel cylinders (with 0.4% to 1.14% carbon). Because steel cylinders have less carbon, they aren't as hard.

Think of steel like thisits inside is often made of stuff called ferrite and pearlite. Now, the more carbon you add, the more little bits of ferrite and pearlite you get. Need to make it harder? You can try special heat treatments or throw in some alloying elements – things like chromium, vanadium, Nickel, molybdenum, and manganese. Steel rolls are awesome for those super tough rolling mills or roughing benches where things get really hot and heavy. That's because they're incredibly strong and tough. Plus, they can even act as supports! By using fancy heat treatments, you can get a hardness of HS90 or even higher. At that point, you can even use them as work rolls for cold rolling.

A semi-steel cylinder has a carbon content halfway between that of cast steel and cast iron, and has a harder surface than traditional cast steel, but is not as hard as cast iron. Since the reduction in internal hardness is minimal in semi-steel cylinders, they are particularly suitable for the production of cylinders with deep bores. The semi-steel roll stock exhibits strong thermal cracking resistance and toughness due to graphitization if the silicon content is increased. It serves as a pre-roller for hot-rolled strip mill, rolling bench and large steel pre-roller.

Global Casting Rolls Market Overview

The impact of cost drivers for investment in casting rolls for customers is expected to drive the growth of the market. Also, the categorization of main materials has shown advancements in the application areas are also forecasted to grow the market in the coming days. The working conditions for casting rolls are extremely harsh and vary depending on the location of the casting equipment creating a huge restraining factor, thereby which is expected to restrict the market growth.

Global Casting Rolls MarketSegmentation Analysis

The Global Casting Rolls Market is segmented based on Mill Type, Product, Roll Grade, End User, and Geography.

Casting Rolls Market, By Mill Type

Based on Mill Type, the market is bifurcated into hot strip mill, Cold strip mill, Plate mill, Section mill, and others.

Hot Strip Mill accounted for the largest market share of 35.34% in 2021, with a market value of USD 456.29 Million, and is projected to grow at the highest CAGR of 10.04% during the forecast period. Cold Strip Mill was the second-largest market in 2021, valued at USD 332.32 Million in 2021; it is projected to grow at a CAGR of 9.18%.

Casting Rolls Market, By Product

Based on the Product, the market is bifurcated into Hot rolled rolls, Section steel rolls, and others.

Hot Rolled Rolls accounted for the largest market share of 51.42% in 2021, with a market value of USD 663.89 Million, and is projected to grow at the highest CAGR of 9.72% during the forecast period. Section Steel Rolls was the second-largest market in 2021, valued at USD 383.47 Million in 2021; it is projected to grow at a CAGR of 9.15%.

Casting Rolls Market, By Roll Grade

Based on the Roll Grade, the market is bifurcated into High-Cr Steel Rolls, HSS Rolls, High-Cr Iron Rolls, DM(Adamite) Rolls, ICDP(CHD) Rolls and others.

High-Cr Steel Rolls accounted for the largest market share of 31.36% in 2021, with a market value of USD 404.94 Million, and is projected to grow at the highest CAGR of 10.06% during the forecast period. HSS Rolls was the second-largest market in 2021, valued at USD 324.10 Million in 2021; it is projected to grow at a CAGR of 9.43%.

Casting Rolls Market, By End User

Based on the End User, the market is bifurcated into Automotive, Oil & Gas, Industrial, Mining, and others.

Automotive accounted for the largest market share of 30.46% in 2021, with a market value of USD 393.36 Million, and is projected to grow at the highest CAGR of 10.10% during the forecast period. Oil & Gas was the second-largest market in 2021, valued at USD 330.39 Million in 2021; it is projected to grow at a CAGR of 9.51%.

Casting Rolls Market, By Geography

Based on the Geography, the market is bifurcated into North America, Europe, Asia-Pacific, and RoW.

Asia Pacific accounted for the largest market share of 35.14% in 2021, with a market value of USD 453.74 Million, and is projected to grow at the highest CAGR of 10.25% during the forecast period. North America was the second-largest market in 2021, valued at USD 376.02 Million in 2021; it is projected to grow at a CAGR of 9.30%.

Key Players

The “Global Casting Rolls Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Oxford Instruments, Carl-Zeiss-Stiftung, SinosteelXingtai Machinery & Mill Roll Co., Ltd., Arivis, Olympus Corporation, Nikon Corporation, and Nippon Steel Corporation. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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