Aluminum Casting Market by Process (Die Casting, Permanent Mold Casting, and Sand Casting); End Use Industry (Transportation, Building and Construction, Industrial, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026216 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 75.6 billion mark in 2022 and is expected to hit US$ 131.9 billion by 2030, recording a CAGR of 7.2% during the forecast period.

Aluminum casting market has been significantly rising with the growing automotive industry  

The manufacturing of vehicle chassis, wipers and other intricate parts of vehicles is achieved by the process of aluminum casting, which is a metalworking process. Moreover, rise in demand for general utility and sports vehicles is expected to fuel the demand of aluminum casting. In accordance with report by Corporate Average Fuel Economy (CAFE), the passenger car manufacturers have aimed for reaching fuel economy target of 54.5 miles/gallon by 2026. The aims are considered due to rising emission of greenhouse gases, which is also expected to increase the aluminum casting demand. Moreover, pressure die casting of aluminum possess various benefits such as smooth finish, feasibility in cavity filling, strong mechanical characteristics and dimension tolerance. These properties of alumina die casting is projected to increase the demand of the product in automotive industry.

Within the report, the market is segmented into process, end use industry and geography. By process, the market is further divided into die casting, permanent mold casting and sand casting. By end use industry, the market is further divided into transportation, building and construction, industrial, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Get more information on this report :

Rising investment in electronics industry is expected to fuel aluminum casting demand

Aluminum exhibits distinct characteristics such as corrosion resistance, electrical and thermal conductivity and high stability for complex shapes and high tensile strength. Therefore, owing to aluminum diverse properties, it is utilized significantly in electronics industry, from past two decades. Moreover, the aluminum die casting is preferred option for electronic connectors and housings, as a result of its high electrical performance and shielding properties, even in high-temperature conditions.  The castings made from aluminum are used in smartphones and 5G network housing. The substitution of iron and steel parts in automobile industry with better quality and lightweight aluminum increases its fuel efficiency.

Rise in demand for aluminum casting in the construction sector

Aluminum casting products are utilized widely in construction and infrastructure industry, including windows, cladding, curtain walling, pre-fabricated buildings, shop partitions and fittings. Construction industry is growing in many countries worldwide, due to increasing government schemes, initiatives and population. Aluminum die casting shows unique characteristics such as high strength and lightweight, making it a preferrable option. It is also significantly used in manufacturing of window structures, roofing, siding, curtain walling, cast door handles and glazed frames, having application in shop fronts, large roof structures, such as shopping centers and stadiums.

 

Recent strategic developments in aluminum casting market

The aluminum casting market has undergone several significant developments, and a few of these have been mentioned below:

  • In January 2019, Endurance Overseas Srl. acquired Fonpresmetal Gap SpA, with the deal value of US $ 9.3 million. The acquisition is aimed to grow the auto component maker’s casting capacity and create growth opportunities in Europe market.
  • In May 2019, Sundaram Clayton Ltd. expanded its overseas production facility in the US, with the project cost of US $ 90 million. The expansion aimed to increase the ability to serve customers in the US, as the company generates 40% of its revenue from the US market.

The aluminum casting market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. BASF SE, Alcoa Corporation, Dynacast Deutschland GmbH, Ryobi Die Casting Dalian Co. and Walbro LLC are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Aluminum casting manufacturers
  • Aluminum casting -related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Aluminum casting distributors and sales firms
  • End users of aluminum casting
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Process:
    • Die Casting
    • Permanent Mold Casting
    • Sand Casting
  • End Use Industry:
    • Transportation
    • Building and Construction
    • Industrial
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • BASF SE
    • Alcoa Corporation
    • Dynacast Deutschland GmbH
    • Ryobi Die Casting Dalian Co.
    • Walbro LLC.

Companies profiled

- BASF SE
- Alcoa Corporation
- Dynacast Deutschland GmbH
- Ryobi Die Casting Dalian Co.
- Walbro LLC.

Report Code
Full Name
Country Name
Email Id
Phone Number
Job Title
Company
Requirement

Note : Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.


Purchase Options
Single User License
$2000
Site License
$3000
Enterprise License
$4000