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Asia Pacific Metal Casting Market Forecast to 2030 - Regional Analysis - by Product Type, Process, and Application

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    Report

  • 90 Pages
  • January 2024
  • Region: Asia Pacific
  • The Insight Partners
  • ID: 5954416
The Asia Pacific metal casting market was valued at US$ 97,726.15 million in 2022 and is expected to reach US$ 1,55,214.79 million by 2030; it is estimated to grow at a CAGR of 6.0% from 2022 to 2030.

Rising Demand for Lightweight Materials Fuels the Asia Pacific Metal Casting Market

The rising demand for lightweight materials is a key opportunity influencing the growth and evolution of metal casting market. Industries such as automotive, aerospace, and even certain segments of consumer goods are increasingly prioritizing materials that offer high strength while being lighter in weight. This shift is primarily driven by the need to enhance fuel efficiency, reduce emissions, and improve overall performance.

Metal casting techniques play a crucial role in meeting this demand for lightweight materials by offering the ability to produce intricate and complex components from alloys like aluminum, magnesium, and their composites. These alloys possess favorable characteristics such as high strength-to-weight ratios, corrosion resistance, and excellent formability, making them ideal for applications requiring reduced weight without compromising structural integrity.

In the automotive sector, for instance, lighter metal cast components, particularly engine parts and structural elements, contribute to enhanced fuel efficiency and better overall vehicle performance. Similarly, in the aerospace industry, utilizing lightweight metal castings in aircraft components helps reduce fuel consumption and increases payload capacity.

The metal casting market’s response to this demand involves continuous research and development into innovative alloys, casting processes, and technologies to optimize lightweight materials’ properties and performance.

Asia Pacific Metal Casting Market Overview

Asia Pacific countries such as China and Japan are amongst the world’s top five countries in manufacturing of machines tools. Further, Asia Pacific is home to major and automobile players across the world, including Toyota Motor Corporation; Tata Motors Ltd.; Hyundai Motor Company; Nissan Motor Co., Ltd.; and Honda Motor Co., Ltd. These companies are focused on expansion, research and development, and product innovation.

According to a report published by the China Passenger Car Association, in 2022, Tesla Inc delivered 83,135 made-in-China electric vehicles, indicating growth in sales of electric vehicles from 2021. As per the data published by The European Automobile Manufacturers’ Association (ACEA), in 2022, the countries in Asia Pacific produced ~48.67 million units of motor vehicles. Hence, the demand for battery electric vehicles is increasing in Asia Pacific. In addition, machinery, and equipment (M&E) industry is one of the catalytic subsectors to spur the economic development in Asia. Asia is famous for producing industrial machinery, including CNC machines, lathes, and metalworking equipment. Thus, growth in end-use industries such as manufacturing, and automotive industries are expected to create favorable business opportunities for the metal casting market during the forecast period.

Asia Pacific Metal Casting Market Revenue and Forecast to 2030 (US$ Mn)

Asia Pacific Metal Casting Market Segmentation

The Asia Pacific metal casting market is segmented into product type, process, application, and country.

Based on product type, the Asia Pacific metal casting market is segmented into carbon steel alloys, stainless steel alloys, aluminum alloys, grey iron, ductile iron, and others. The grey iron segment held the largest market share in 2022.

Based on process, the Asia Pacific metal casting market is divided into sand casting, investment casting, gravity die casting, and others. The sand casting segment held the largest market share in 2022.

Based on application, the Asia Pacific metal casting market is segmented into automotive, aerospace, marine, textile, building and construction, oil and gas, industrial machinery, and others. The automotive segment held the largest market share in 2022.

Based on country, the Asia Pacific metal casting market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific metal casting market share in 2022.

Alcoa Corp, ArcelorMittal SA, Lucchini RS SpA, MEDEKO CAST Sro, Posco Holdings Inc, and Tycon Alloy Industries (HongKong) Co Ltd are some of the leading companies operating in the Asia Pacific metal casting market.

Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific metal casting market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific metal casting market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Table of Contents

1. Introduction
1.1 REPORT GUIDANCE
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
2.2.1 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Metal Casting Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers:
4.3.2 Manufacturers:
4.3.3 Distributors or Suppliers:
4.3.4 End Use Industry:
4.4.................................................................................. List of Vendors in the Value Chain
5. Asia Pacific Metal Casting Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Automotive and Construction Industry
5.1.2 Rising Demand for Industrial Machineries
5.2 Market Restraints
5.2.1 Availability of Metal Casting Alternatives
5.3 Market Opportunities
5.3.1 Rising Demand for Lightweight Materials
5.4 Future Trends
5.4.1 Advancements in Casting Technologies
5.5 Impact Analysis
6. Metal Casting Market - Asia Pacific Market Analysis
6.1 Asia Pacific Metal Casting Market Volume (Kilo Tons)
6.2 Asia Pacific Metal Casting Market Revenue (US$ Million)
6.3 Asia Pacific Metal Casting Market Forecast and Analysis
7. Asia Pacific Metal Casting Market Analysis - Product Type
7.1 Carbon Steel Alloys
7.1.1 Overview
7.1.2 Carbon Steel Alloys Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.2 Stainless Steel Alloys
7.2.1 Overview
7.2.2 Stainless Steel Alloys Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.3 Aluminum Alloys
7.3.1 Overview
7.3.2 Aluminum Alloys Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.4 Grey Iron
7.4.1 Overview
7.4.2 Grey Iron Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.5 Ductile Iron
7.5.1 Overview
7.5.2 Ductile Iron Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
8. Asia Pacific Metal Casting Market Analysis - Process
8.1 Sand Casting
8.1.1 Overview
8.1.2 Sand Casting Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Investment Casting
8.2.1 Overview
8.2.2 Investment Casting Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Gravity Die Casting
8.3.1 Overview
8.3.2 Gravity Die Casting Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Metal Casting Market Analysis - Application
9.1 Automotive
9.1.1 Overview
9.1.2 Automotive Market, Revenue, and Forecast to 2030 (US$ Million)
9.2 Aerospace
9.2.1 Overview
9.2.2 Aerospace Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Marine
9.3.1 Overview
9.3.2 Marine Market Revenue and Forecast to 2030 (US$ Million)
9.4 Building and Construction
9.4.1 Overview
9.4.2 Building and Construction Market Revenue and Forecast to 2030 (US$ Million)
9.5 Oil and Gas
9.5.1 Overview
9.5.2 Oil and Gas Market Revenue and Forecast to 2030 (US$ Million)
9.6 Industrial Machinery
9.6.1 Overview
9.6.2 Industrial Machinery Market Revenue and Forecast to 2030 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others Market Revenue and Forecast to 2030 (US$ Million)
10. Asia Pacific Metal Casting Market - Country Analysis
10.1 Overview
10.1.1 Asia Pacific Metal Casting Market Revenue and Forecasts and Analysis - By Countries
10.1.1.1 Asia Pacific Metal Casting Market Breakdown by Country
10.1.1.2 Australia: Asia Pacific Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
10.1.1.3 Australia: Asia Pacific Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.3.1 Australia: Asia Pacific Metal Casting Market Breakdown by Product Type
10.1.1.3.2 Australia: Asia Pacific Metal Casting Market Breakdown by Product Type
10.1.1.3.3 Australia: Asia Pacific Metal Casting Market Breakdown by Process
10.1.1.3.4 Australia: Asia Pacific Metal Casting Market Breakdown by Application
10.1.1.4 China: Asia Pacific Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
10.1.1.5 China: Asia Pacific Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.5.1 China: Asia Pacific Metal Casting Market Breakdown by Product Type
10.1.1.5.2 China: Asia Pacific Metal Casting Market Breakdown by Product Type
10.1.1.5.3 China: Asia Pacific Metal Casting Market Breakdown by Process
10.1.1.5.4 China: Asia Pacific Metal Casting Market Breakdown by Application
10.1.1.6 India: Asia Pacific Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
10.1.1.7 India: Asia Pacific Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.7.1 India: Asia Pacific Metal Casting Market Breakdown by Product Type
10.1.1.7.2 India: Asia Pacific Metal Casting Market Breakdown by Product Type
10.1.1.7.3 India: Asia Pacific Metal Casting Market Breakdown by Process
10.1.1.7.4 India: Asia Pacific Metal Casting Market Breakdown by Application
10.1.1.8 Japan: Asia Pacific Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
10.1.1.9 Japan: Asia Pacific Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.9.1 Japan: Asia Pacific Metal Casting Market Breakdown by Product Type
10.1.1.9.2 Japan: Asia Pacific Metal Casting Market Breakdown by Product Type
10.1.1.9.3 Japan: Asia Pacific Metal Casting Market Breakdown by Process
10.1.1.9.4 Japan: Asia Pacific Metal Casting Market Breakdown by Application
10.1.1.10 South Korea: Asia Pacific Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
10.1.1.11 South Korea: Asia Pacific Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.11.1 South Korea: Asia Pacific Metal Casting Market Breakdown by Product Type
10.1.1.11.2 South Korea: Asia Pacific Metal Casting Market Breakdown by Product Type
10.1.1.11.3 South Korea: Asia Pacific Metal Casting Market Breakdown by Process
10.1.1.11.4 South Korea: Asia Pacific Metal Casting Market Breakdown by Application
10.1.1.12 Rest of Asia Pacific: Asia Pacific Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
10.1.1.13 Rest of Asia Pacific: Asia Pacific Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.13.1 Rest of Asia Pacific: Asia Pacific Metal Casting Market Breakdown by Product Type
10.1.1.13.2 Rest of Asia Pacific: Asia Pacific Metal Casting Market Breakdown by Product Type
10.1.1.13.3 Rest of Asia Pacific: Asia Pacific Metal Casting Market Breakdown by Process
10.1.1.13.4 Rest of Asia Pacific: Asia Pacific Metal Casting Market Breakdown by Application
11. Competitive Landscape
11.1 Heat Map Analysis By Key Players
11.2 Company Positioning & Concentration
11.3 Company Profitability Margin
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Lucchini RS SpA
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Posco Holdings Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 ArcelorMittal SA
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Alcoa Corp
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 MEDEKO CAST Sro
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Tycon Alloy Industries (HongKong) Co Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Novacast Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
List of Tables
Table 1. Asia Pacific Metal Casting Market Segmentation
Table 2. List of Raw Material Suppliers
Table 3. Asia Pacific Metal Casting Market Volume and Forecasts To 2030 (Kilo Tons)
Table 4. Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million)
Table 5. Asia Pacific Metal Casting Market Volume and Forecasts To 2030 (Kilo Tons) - Product Type
Table 6. Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - Product Type
Table 7. Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - Process
Table 8. Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - Application
Table 9. Australia: Asia Pacific Metal Casting Market Volume and Forecasts To 2030 (Kilo Tons) - By Product Type
Table 10. Australia: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - By Product Type
Table 11. Australia: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - By Process
Table 12. Australia: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - By Application
Table 13. China: Asia Pacific Metal Casting Market Volume and Forecasts To 2030 (Kilo Tons) - By Product Type
Table 14. China: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - By Product Type
Table 15. China: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - By Process
Table 16. China: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - By Application
Table 17. India: Asia Pacific Metal Casting Market Volume and Forecasts To 2030 (Kilo Tons) - By Product Type
Table 18. India: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - By Product Type
Table 19. India: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - By Process
Table 20. India: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - By Application
Table 21. Japan: Asia Pacific Metal Casting Market Volume and Forecasts To 2030 (Kilo Tons) - By Product Type
Table 22. Japan: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - By Product Type
Table 23. Japan: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - By Process
Table 24. Japan: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - By Application
Table 25. South Korea: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - By Product Type
Table 26. South Korea: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - By Product Type
Table 27. South Korea: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - By Process
Table 28. South Korea: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - By Application
Table 29. Rest of Asia Pacific: Asia Pacific Metal Casting Market Volume and Forecasts To 2030 (Kilo Tons) - By Product Type
Table 30. Rest of Asia Pacific: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - By Product Type
Table 31. Rest of Asia Pacific: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - By Process
Table 32. Rest of Asia Pacific: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million) - By Application
Table 33. Company Positioning & Concentration
Table 34. Company Profitability Margin
List of Figures
Figure 1. Asia Pacific Metal Casting Market Segmentation, By Country
Figure 2. Porter's Five Forces Analysis
Figure 3. Ecosystem: Asia Pacific Metal Casting Market
Figure 4. Asia Pacific Metal Casting Market Impact Analysis of Drivers and Restraints
Figure 5. Asia Pacific Metal Casting Market Volume (Kilo Tons), 2020 - 2030
Figure 6. Asia Pacific Metal Casting Market Revenue (US$ Million), 2020 - 2030
Figure 7. Asia Pacific Metal Casting Market Share (%) - Product Type, 2022 and 2030
Figure 8. Carbon Steel Alloys Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 9. Carbon Steel Alloys Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Stainless Steel Alloys Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 11. Stainless Steel Alloys Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Aluminum Alloys Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 13. Aluminum Alloys Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Grey Iron Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 15. Grey Iron Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Ductile Iron Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 17. Ductile Iron Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Others Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 19. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Asia Pacific Metal Casting Market Share (%) - Process, 2022 and 2030
Figure 21. Sand Casting Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Investment Casting Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Gravity Die Casting Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 25. Asia Pacific Metal Casting Market Share (%) - Application, 2022 and 2030
Figure 26. Automotive Market Revenue and Forecasts To 2030 (US$ Million)
Figure 27. Aerospace Market Revenue and Forecasts To 2030 (US$ Million)
Figure 28. Marine Market Revenue and Forecasts To 2030 (US$ Million)
Figure 29. Building and Construction Market Revenue and Forecasts To 2030 (US$ Million)
Figure 30. Oil and Gas Market Revenue and Forecasts To 2030 (US$ Million)
Figure 31. Industrial Machinery Market Revenue and Forecasts To 2030 (US$ Million)
Figure 32. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 33. Asia Pacific Metal Casting Market, by Key Country - Revenue (2022) (US$ Million)
Figure 34. Asia Pacific Metal Casting Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 35. Australia: Asia Pacific Metal Casting Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 36. Australia: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million)
Figure 37. China: Asia Pacific Metal Casting Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 38. China: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million)
Figure 39. India: Asia Pacific Metal Casting Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 40. India: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million)
Figure 41. Japan: Asia Pacific Metal Casting Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 42. Japan: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million)
Figure 43. South Korea: Asia Pacific Metal Casting Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 44. South Korea: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million)
Figure 45. Rest of Asia Pacific: Asia Pacific Metal Casting Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 46. Rest of Asia Pacific: Asia Pacific Metal Casting Market Revenue and Forecasts To 2030 (US$ Million)
Figure 47. Heat Map Analysis By Key Players

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Alcoa Corp
  • ArcelorMittal SA
  • Lucchini RS SpA
  • MEDEKO CAST Sro
  • Posco Holdings Inc
  • Tycon Alloy Industries (HongKong) Co Ltd
  • Novacast Ltd

Table Information