19th March 2020 – The global “Aluminum
Casting Market” presents a widespread and elementary study of Aluminum
Casting business at the side of the analysis of subjective aspects which is
able to give key business insights to the readers. World Aluminum Casting
Market analysis report offers the analytical read of the business by learning
various factors like Aluminum Casting Market growth, consumption volume, market
trends and Aluminum Casting business price structures throughout the forecast
amount from 2014 to 2025.
The global aluminum casting market
size is expected to value at USD 97.36 billion by 2025. The market is subject to witness a substantial growth due to rise
in the adoption of aluminum in automobile sector by substituting heavy metals
such as iron and steel. In addition, increasing adoption of aluminum metal in
building & construction industry is anticipated to boost demand of market
during the forecast period. Globally, the market is predicted to grow at
CAGR of 7.8% in forecast period, providing numerous opportunity for market
players to invest for research and development in the aluminum casting market.
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Main features of the report:
·
To provide detailed analysis of
the market structure along with forecast of the various segments and
sub-segments of the global Aluminum Casting Market.
·
A complete backdrop analysis,
which includes an assessment of the parent market
·
Important changes in market
dynamics
·
Market segmentation up to the
second or third level
·
To provide country level
analysis of the market for segment by application, product type and
sub-segments.
·
To provide strategic profiling
of key players in the market, comprehensively analyzing their core
competencies, and drawing a competitive landscape for the market.
·
Track and analyze competitive
developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product developments, and research and developments in the
global Aluminum Casting Market.
·
Emerging niche segments and
regional markets
·
An objective assessment of the
trajectory of the industry.
Wide popularity of aluminum casting
among various industries is credited to its exclusive features such as high
strength and its lightweight. Constant demand from automotive industry for
vehicle manufacturing in order to enhance fuel efficiency and limit carbon
dioxide emission is key driver for the growth of the aluminum casting market in
recent years. One of the widely popular segment of the aluminum casting market
is die casting. Increasing adoption of the die casting in the automotive
industry is due to factors such as high efficiency, and its ability to mold dry
cast into any of shapes and size during the casting processes.
Aluminum casting has become vital during
production of vehicle parts similar to engine cylinders, engine blocks, gears
boxes, rims, and wheel spacer. Increasing demand from automotive and transport
industry are expected to fuel growth of the aluminum casting market in coming
years. Furthermore, increasing demand for lighter vehicle and improved fuel
efficiency by end-user is expected to trigger growth of the aluminum casting
market over the forecast period. Aluminum is ideal substitute for heavy metal
such as iron and steel as it limits emission of carbon dioxide into atmosphere.
Increasing demand form building & construction sector is further
attributing to the expansion of aluminum casting market.
The key players in the aluminum
casting industry are Alcoa Co., AlcastHQ Ltd., Ryobi Tools Ltd., Dynacast
International, Inc., Consolidated Metco, Inc., Martinrea Honsel Inc., and Gibbs
Die Casting Co.
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strive to understand diverse client requirements and cater to the same with the
most innovative and functional solutions.
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