According to the report the global aluminum casting market reached a value of USD 79.8 billion in 2022. Aided by the escalating demand for lightweight, yet robust materials in numerous sectors and the expanding applications of aluminum casting in a diverse range of industries, the market is projected to further grow at a CAGR of 6% between 2023 and 2028 to reach a value of USD 113.2 billion by 2028.
Aluminum casting is a widely employed process in which molten aluminum is poured into a mould to obtain components of different shapes. This method is favoured due to its outstanding features, such as its ability to provide lightweight, durable, corrosion-resistant parts that boast excellent thermal conductivity and recyclability. Furthermore, it offers cost-effectiveness and flexibility in design, enhancing its viability in myriad industrial applications ranging from automobile and aerospace to construction and electronics.
The accelerating consumer inclination towards fuel-efficient and eco-friendly vehicles is a prominent driver for the global aluminum casting market growth. With a heightened awareness of carbon footprint reduction and energy conservation, the demand for lightweight, high-performance materials has surged. As such, aluminum casting has become a favoured choice for automotive parts manufacturing due to its strength-to-weight ratio, aiding in enhancing fuel efficiency and reducing CO2 emissions.
The broadening applications of aluminum casting in various industries also significantly propel the aluminum casting market development. The aerospace industry heavily relies on aluminum casting due to its lightweight yet high-strength properties that are crucial in aircraft manufacturing. In the construction sector, aluminum casting is employed for its corrosion resistance and aesthetic appeal, especially in window and door frame production. The electronics industry, on the other hand, appreciates aluminum casting for its superior heat dissipation properties, which are essential in ensuring the longevity and efficiency of electronic components, thus increasing the aluminum casting market demand.
Furthermore, the mounting demand for renewable energy systems, such as solar and wind power installations, has led to increased emphasis on aluminum casting as an indispensable element. Given the rise of sustainable energy sources, aluminum casting has emerged as a critical player in the manufacturing of components for solar panels and wind turbines due to its resistance to environmental corrosion and excellent conductive properties.
The aluminum casting market expansion is also buoyed by the increasing recycling trends in the industry. Aluminum casting is well-suited for recycling, with recycled aluminum requiring only 5% of the energy used for new aluminum production. This eco-friendly characteristic, combined with the escalating push for circular economy practices, reinforces the market prospects.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Aluminum casting is a widely employed process in which molten aluminum is poured into a mould to obtain components of different shapes. This method is favoured due to its outstanding features, such as its ability to provide lightweight, durable, corrosion-resistant parts that boast excellent thermal conductivity and recyclability. Furthermore, it offers cost-effectiveness and flexibility in design, enhancing its viability in myriad industrial applications ranging from automobile and aerospace to construction and electronics.
The accelerating consumer inclination towards fuel-efficient and eco-friendly vehicles is a prominent driver for the global aluminum casting market growth. With a heightened awareness of carbon footprint reduction and energy conservation, the demand for lightweight, high-performance materials has surged. As such, aluminum casting has become a favoured choice for automotive parts manufacturing due to its strength-to-weight ratio, aiding in enhancing fuel efficiency and reducing CO2 emissions.
The broadening applications of aluminum casting in various industries also significantly propel the aluminum casting market development. The aerospace industry heavily relies on aluminum casting due to its lightweight yet high-strength properties that are crucial in aircraft manufacturing. In the construction sector, aluminum casting is employed for its corrosion resistance and aesthetic appeal, especially in window and door frame production. The electronics industry, on the other hand, appreciates aluminum casting for its superior heat dissipation properties, which are essential in ensuring the longevity and efficiency of electronic components, thus increasing the aluminum casting market demand.
Furthermore, the mounting demand for renewable energy systems, such as solar and wind power installations, has led to increased emphasis on aluminum casting as an indispensable element. Given the rise of sustainable energy sources, aluminum casting has emerged as a critical player in the manufacturing of components for solar panels and wind turbines due to its resistance to environmental corrosion and excellent conductive properties.
The aluminum casting market expansion is also buoyed by the increasing recycling trends in the industry. Aluminum casting is well-suited for recycling, with recycled aluminum requiring only 5% of the energy used for new aluminum production. This eco-friendly characteristic, combined with the escalating push for circular economy practices, reinforces the market prospects.
Market Segmentation
The market can be divided based on process, end use, and region.Market Breakup by Process
- Die Casting
- Sand Casting
- Permanent Mold Casting
- Others
Market Breakup by End Use
- Transportation
- Industrial
- Building and Construction
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global aluminum casting companies. Some of the major key players explored in the report are as follows:- Alcoa Corporation
- Walbro LLC
- Consolidated Metco, Inc.
- BUVO Castings BV
- Georg Fischer Ltd.
- RusAL
- Dynacast
- RYOBI Aluminium Casting (UK) Ltd
- Endurance Technologies Limited
- Gibbs
- RDW Wolf, GmbH.
- Martinrea Honsel Germany GmbH
- Alcast Technologies
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Aluminum Casting Market Analysis
8.1 Key Industry Highlights
8.2 Global Aluminum Casting Historical Market (2018-2022)
8.3 Global Aluminum Casting Market Forecast (2023-2028)
8.4 Global Aluminum Casting Market by Process
8.4.1 Die Casting
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Sand Casting
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Permanent Mold Casting
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Aluminum Casting Market by End Use
8.5.1 Transportation
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Industrial
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Building and Construction
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Aluminum Casting Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Aluminum Casting Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Aluminum Casting Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Aluminum Casting Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Aluminum Casting Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Aluminum Casting Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Alcoa Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Walbro LLC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Consolidated Metco, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 BUVO Castings BV
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Georg Fischer Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 RusAL
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Dynacast
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 RYOBI Aluminium Casting (UK) Ltd
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Endurance Technologies Limited
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Gibbs
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 RDW Wolf, GmbH.
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Martinrea Honsel Germany GmbH
15.2.12.1 Company Overview
15.2.12.2 Product Portfolio
15.2.12.3 Demographic Reach and Achievements
15.2.12.4 Certifications
15.2.13 Alcast Technologies
15.2.13.1 Company Overview
15.2.13.2 Product Portfolio
15.2.13.3 Demographic Reach and Achievements
15.2.13.4 Certifications
15.2.14 Other
16 Key Trends and Developments in the Market
Companies Mentioned
- Alcoa Corporation
- Walbro LLC
- Consolidated Metco, Inc.
- BUVO Castings BV
- Georg Fischer Ltd.
- RusAL
- Dynacast
- RYOBI Aluminium Casting (UK) Ltd
- Endurance Technologies Limited
- Gibbs
- RDW Wolf, GmbH
- Martinrea Honsel Germany GmbH
- Alcast Technologies
Methodology
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