The global demand for Aluminum Casting Market is presumed to reach the market size of nearly USD 152.57 MN by 2030 from USD 80.03 MN in 2022 with a CAGR of 8.4% under the study period 2023 - 2030. Regarding volume, the market was calculated XX Kilo Tons in 2022 and forecast to touch XX Kilo Tons by 2030 with a CAGR of XX% during 2023 - 2030.
Aluminum casting provides various advantages to the makers and the end consumers. The technology allows the producers to produce parts faster and higher than any other alloy material. The casting process has corrosion-resistant, multifunctional items that can be utilized for various purposes. Aluminum casting also enables manufacturers to create multiple products using these aluminum components. Aluminum casting is pouring liquid aluminum into a die cavity under high pressure to develop simple to complicated parts. The mold is formed accurately in the specified shape, size, quality, and finish surface. These die-cast alloys are the lightest, have the best surface polish, and endure the highest working temperature of any die-cast alloy. Greensand casting, core package casting, gravity die casting, low pressure die casting, low pressure dies casting, high pressure dies casting, and vacuum dies casting are the many types of aluminum casting methods. Automobiles, networking and telecommunications, machine manufacture, and energy are just a few industries that benefit from aluminum casting.
Market Dynamics
Aluminum's use in the automobile sector has exploded due to its high tensile strength and lightweight properties. As a result demand for aluminum casting increases, boosting the industry in the future. The increasing use of aluminum in the prominent sectors such as transportation, industries, and building & construction is primarily responsible for global growth of the aluminum casting industry. It is in high demand in the automotive industry since it improves fuel efficiency while also lowering environmental degradation events like carbon dioxide emissions. These are the primary factors driving demand for aluminum casting throughout the forecast period.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of aluminum casting. The growth and trends of aluminum casting industry provide a holistic approach to this study.
Market Segmentation
This section of the aluminum casting market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Process
- Die Casting
- Sand Casting
- Permanent Mold Casting
By End-Use
- Transportation Sector
- Building & Construction Sector
- Industrial Sector
- Others (Household Appliances, Engineering Tools, And Telecom Sector)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Aluminum Casting market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Aluminum Casting Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Aluminum Casting market include Alcoa Corporation (US), Ryobi Limited (Japan), Aluminum Corporation of China Limited (China), Rio Tinto (UK), United Company RUSAL (Russia). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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