Aluminum Casting Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Aluminum Casting Market By Process (Sand Casting, Die Casting, and Permanent Mold Casting), By End Use Sector (Industrial Sector, Building & Construction Sector, Transportation Sector, and Others), and Geography

 

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Report

Description

The global aluminum casting market size valued USD 57.61 billion in 2020 and expected to reach USD 102.14 Billion by 2027, at a CAGR of 7.14% during the forecast period 2021 to 2027.  Aluminum casting is the technique of moulding liquid aluminium under high pressure into a die cavity to create simple to complicated items. The mould is manufactured with accuracy in the desired shape, size, quality, and finish surface. These are the lightest die-cast alloys, have the best surface polish, and can endure the highest working temperature of any die-cast alloy. Aluminum is the raw material which is converted into products by using the casting process which is the original and most widely used process. However, advancements have been taken place in the field of aluminum casting but the principle remains the same, molten aluminum is poured into a mold to duplicate the desired pattern. However, the automotive industry is the largest market for aluminum casting. This report studies global aluminum casting market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global aluminum casting market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).

Aluminum Casting Market

MARKET SUMMARY
-
7.14% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 7.14%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– North America

Aluminum Casting Market

  • The report on global aluminum casting market gives historical, current and future market sizes (US$ Bn) on the basis of process, end use sector and region.
  • aluminum casting market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in aluminum casting.
Key Players
  • Alcoa Corporation
  • Rio Tinto
  • Aluminum Corporation of China Limited (Chalco)
  • Gibbs Die Casting Corp
  • Arconic Inc.
  • Ryobi Limited
Aluminum Casting Market

Drivers And Restraints

The increasing demand from automobile and consumer appliances coupled with rising investments in construction, mining, and electronics is anticipated to drive the growth of the market over the forecast years. Moreover, replacement of iron and steel with aluminum in the automobile sector and industrial expansion in emerging economies is another factor fuelling the growth of the market. Furthermore, increasing military investments in Light weight weapon systems is one of the main factors driving the market growth.


Asia-Pacific got significant share

Aluminum Casting Market

Asia Pacific contributed highest share of revenue followed by Europe, and North America. In 2019, Asia Pacific region registered highest share in global aluminum casting market and is anticipated to grow with a significant CAGR over the forecast years owing to increasing trend in construction and transportation sectors. Europe is expected to grow with significant CAGR over the forecast period owing to increasing demand for aluminum casting owing to its durability, lightweight, and strength are anticipated to drive the growth of the market.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report


Key

Key Features of the Report

Aluminum Casting Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

Competition Assessment

Key player’s profiles in the global aluminum casting market include:

  • Alcoa Corporation
  • Rio Tinto
  • Aluminum Corporation of China Limited (Chalco)
  • Gibbs Die Casting Corp
  • Arconic Inc.
  • Ryobi Limited
  • United Company Rusal
  • Rockman Industries Ltd.
  • Kaiser Aluminum
  • Dynacast Charlotte
  • Nemak, S.A.B. De C.V.
  • China Hongqiao Group Limited
  • Martinrea Honsel

Description

The global aluminum casting market size valued USD 57.61 billion in 2020 and expected to reach USD 102.14 Billion by 2027, at a CAGR of 7.14% during the forecast period 2021 to 2027.  Aluminum casting is the technique of moulding liquid aluminium under high pressure into a die cavity to create simple to complicated items. The mould is manufactured with accuracy in the desired shape, size, quality, and finish surface. These are the lightest die-cast alloys, have the best surface polish, and can endure the highest working temperature of any die-cast alloy. Aluminum is the raw material which is converted into products by using the casting process which is the original and most widely used process. However, advancements have been taken place in the field of aluminum casting but the principle remains the same, molten aluminum is poured into a mold to duplicate the desired pattern. However, the automotive industry is the largest market for aluminum casting. This report studies global aluminum casting market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global aluminum casting market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).

ASIA PACIFIC OFFICE

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EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX