In 2023, the number of full-time equivalent researchers in the manufacture of basic iron and steel, and casting of iron and steel, was 4.28 thousand. Forecasted data from 2024 to 2028 indicates a slight growth to 4.3 thousand by 2028, with the number remaining steady at 4.29 thousand from 2024 to 2027. This stability suggests a negligible year-on-year variation and a minimal compound annual growth rate (CAGR) over the period.

Future trends to watch for:

Technological advancements could influence research needs by optimizing processes and possibly reducing required headcounts.
Economic shifts and policy changes impacting steel demand and sustainability initiatives could affect industry research dynamics.
Increased emphasis on green and sustainable steel production may lead to new research areas and growth in researcher numbers.