Wednesday, March 18, 2020

Aluminum Casting Market Consumption Analysis Report by 2025


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.


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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