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The Aluminum Casting Market size was estimated at USD 84.02 billion in 2023, USD 89.56 billion in 2024, and is expected to grow at a CAGR of 6.67% to reach USD 132.06 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
The aluminum casting is created through the casting process, which involves pouring molten aluminum into molds of desired shapes and sizes. The market includes a range of casting methods, such as die casting, permanent mold casting, and sand casting, catering to diverse application requirements across multiple end-use industries. Aluminum casting finds applications in numerous sectors due to its lightweight, corrosion resistance, and high conductivity. Key end-use industries include the automotive sector, where aluminum casting is used in engine blocks, transmission housings, and structural components of vehicles.
The push for lightweight materials in the automotive industry for better fuel efficiency and emission reduction drives the demand for aluminum casting. Global increases in infrastructure and construction development activities create a higher demand for aluminum cast products in construction. Fluctuations in the cost of aluminum and stricter environmental regulations hamper the growth of the market. Incorporating sustainable practices and recycling into the production process and rising research into new casting processes that improve efficiency and product quality are expected to create opportunities for the market.
Regional Insights
The automotive industry, coupled with the aerospace sector, significantly influences aluminum casting demand in the Americas. The Amercas, with the constant focus on innovation, boast an extensive list of patents pertaining to aluminum casting methods and tooling. South America, with its emphasis on sustainable manufacturing practices, tends to focus on recycling and green initiatives within the aluminum industry. In the European Union, stringent environmental regulations and a high level of technological prowess define the aluminum casting market. The automotive and construction industries are the leading consumers of cast aluminum, and the presence of numerous automotive OEMs in the region drives the demand for high-quality casting.Recent research efforts focus on reducing the weight of vehicles to comply with emission standards, leading to advanced aluminum casting solutions. Conversely, the Middle East and Africa have a diverse market structure due to the varied stages of industrial development across countries. The rapid construction growth in the Gulf Cooperation Council (GCC) countries and the need for infrastructure in parts of Africa create a steady demand for cast aluminum. The Middle East, with its wealth of energy resources, is also looking to diversify its economy through investments in aluminum and other non-oil sectors. The aluminum casting market in the Asia Pacific region is growing with an emphasis on infrastructure, automotive, and electronics industries; the region showcases a high demand for aluminum casting products. In China, government initiatives to reduce carbon footprint have led to innovations in lightweight and energy-efficient aluminum materials. Japan, known for advanced manufacturing techniques, has organizations that are deeply invested in the research and development of aluminum casting processes.
Market Trends by Segment
- Process: Growing usage of die casting for large quantity production
- End-Use: Increasing potential of aluminum casting across the telecom sector for producing enclosure cases for electronic devices
Industry Insights
- Market Dynamics
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
- FPNV Positioning Matrix
- Market Share Analysis
- Strategy Analysis and Recommendations
Recent Developments
Jiangsu Minglida Plans to Build a New Aluminum Die-Casting Project in Hai'an County
The management committee of the Jiangsu Hai'an High-tech Industrial Development Zone has cemented a strategic partnership with Jiangsu Minglida Technology Co., Ltd. and the People’s Government of Hai'an County, with the signing of a pivotal investment agreement to set up an advanced aluminum alloy precision die-casting project. This initiative marks a significant advancement in the industrial development agenda for Hai’an County, as it will involve the construction of the Aluminium Alloy Precision Die Casting Phase II Project at the location of No. 99, East Sea Avenue West, within the Hai'an High-tech Zone, optimizing the space adjacent to Jiangsu Minglida's existing operations.Elcee Expands Its Product Range With Acquisition of Two Casting and Forging Companies
Elcee announced the strategic acquisitions of Prins Metallurgical Products B.V. and ChinaWorks B.V., significant milestones that broaden its comprehensive portfolio in casting and forging. These acquisitions brought together Prins' 85-year legacy in the specialized, high-quality cast and forged products within Europe and ChinaWorks' expertise in precision metal and plastic manufacturing. This fusion of capabilities allows Elcee to present unparalleled options for assembly in proximity to production sites or within the Netherlands, augmented by innovative solutions in aluminum and ductile iron.Bruschi S.p.A. Acquires Sapre S.r.l. to Enter the Die Casting of Aluminum Alloys
Bruschi S.p.A. completed the strategic acquisition of Sapre S.r.l., a company with expertise in non-ferrous alloys since 1988. This move marks Bruschi's foray into the aluminum alloy die-casting market, aligning with its technology diversification goal outlined in 2016. With this expansion, Bruschi fortifies its position as a vertical, integrated technology partner across Europe and North America, increasing staff numbers from 220 to 270.Key Company Profiles
The report delves into recent significant developments in the Aluminum Casting Market, highlighting leading vendors and their innovative profiles. These include Alcast Technologies, Alcoa Corporation, Arconic, Cast Aluminum Solutions, LLC, Consolidated Metco, Inc., Dynacast, Endurance Technologies Limited, GIBBS, Kaiser Aluminum, Martinrea Honsel Germany GmbH, Nemak, Rio Tinto, Rockman, Ryobi Aluminium Casting UK Ltd., and Walbro LLC.This research report offers invaluable insights into various crucial aspects of the Aluminum Casting Market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
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Table of Contents
1. Preface
2. Research Methodology
5. Market Insights
6. Aluminum Casting Market, by Process
7. Aluminum Casting Market, by End-Use
8. Americas Aluminum Casting Market
9. Asia-Pacific Aluminum Casting Market
10. Europe, Middle East & Africa Aluminum Casting Market
11. Competitive Landscape
12. Competitive Portfolio
List of Figures
List of Tables
Companies Mentioned
- Alcast Technologies
- Alcoa Corporation
- Arconic
- Cast Aluminum Solutions, LLC
- Consolidated Metco, Inc.
- Dynacast
- Endurance Technologies Limited
- GIBBS
- Kaiser Aluminum
- Martinrea Honsel Germany GmbH
- Nemak
- Rio Tinto
- Rockman
- Ryobi Aluminium Casting UK Ltd.
- Walbro LLC
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 182 |
| Published | May 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 89.56 Billion |
| Forecasted Market Value ( USD | $ 132.06 Billion |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
