The “Aluminum Casting Market” report gives a massive source to analyze the industry and other fundamental technicalities identifying with it. The examination discloses the total assessment and veritable parts of the aluminum casting market. This study exhibits a straightforward outline of the industry, that integrates applications, blueprints, industry chain structure, and definitions. This report prepares a case for investments in different regions based on a practical view of their regulatory outline, manufacturing dynamics, and availability of skills and resources in that region.
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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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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