Quick Summary:
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In a market that includes ubiquitous processes like die casting, sand casting, and permanent mold casting, having an incisive understanding can provide the edge in wisely navigating this extensive sector. Aluminum casting finds diverse application in transportation, building & construction, industrial, and myriad other sectors. Their significance in creating lighter and efficient automotive parts underscores their critical role in an industry moving towards fuel efficiency and sustainability. This report isn't just a purchase – it is an investment that can propel your business towards meaningful growth and solidify your competitive edge in the market.
Furthermore, this report highlights innovative partnerships and acquisitions that are shaping the industry, highlighting an imperative trend in the aluminum casting market – collaboration to innovate. It also offers a deep dive into significant major players and market trends, dissecting the business strategies, products and services of industry leaders, and the competitive dynamics underpinning the sector. Armed with our market research report, you will have all the crucial insights at your disposal to confidently seize opportunities, overcome challenges, and realize your fullest potential in the aluminum market.
This report aims to provide seamless clarity on the aluminum casting industry market value, incorporating in-depth analysis from a regional perspective. The market value represented includes revenues that enterprises obtain from the sale of goods and/or services within the specified market and geography, dissecting consumption values generated by organizations.
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Aluminum casting refers to an industrial procedure created by pouring molten metal into molds that have been carved out in the shape of the final object that is wanted and used for the manufacturing of aluminum products and sold as part of a machine or product or as part of commercial industrial production and utilized in the manufacturing of metal parts with specific details and quality.
The main types of processes of aluminum casting include die casting, sand casting, and permanent mold casting. The die casting market consists of sales of aluminum by entities (organizations, sole traders, and partnerships) that refer to a manufacturing process in which molten metal is poured for desired shapes. Die casting is used for improved automotive fuel efficiency by reducing weight. Aluminum casting is used in transportation, building & construction, industrial and other sectors.
The global aluminum casting market grew from $61.39 billion in 2022 to $68.19 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aluminum casting market is expected to grow to $102.25 billion in 2027 at a CAGR of 10.7%.
The aluminum casting market research report is one of a series of new reports that provides aluminum casting market statistics, including aluminum casting industry global market size, regional shares, competitors with an aluminum casting market share, detailed aluminum casting market segments, market trends, and opportunities, and any further data you may need to thrive in the aluminum casting industry. This aluminum casting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The partnership between companies is a key trend gaining popularity in the aluminum casting market. Companies manufacturing aluminum products are undergoing partnerships to develop new technologies and products to meet the growing demand for innovating aluminum casting products from various end customers. For instance, in June 2021, Rio Tinto, anglo Australian-based specialized in metals and mining operating worldwide created the alloys for the semi-solid Rheocasting process offered by Comptech. Comptech is an R&D institute specialized in supply know-how and equipment for aluminum semi-solid castings operating in Asia. Rheocasting is a new semi-solid casting technique that enables the manufacturing of low-cost aluminum components with high strength, minimal porosity, and a wide range of alloys and has a major benefit in the production of 5G antennas. Through this partnership a new line of specialized alloys aimed at providing high-performance, low-cost solutions for sophisticated applications such as electric vehicles and 5G antennae.
In April 2021, RUSAL a Russian-based leading aluminum producer operating worldwide acquired AluminumRheinfelden GmbH, a Germany-based manufacturer of aluminum alloys, semis, and carbon-based components for an undisclosed amount. The acquisition strengthens RUSAL's position as the supplier of choice to its international network of automotive customers and is expected to deliver strong commercial synergies, high-end niche products, and also produce innovative sustainable aluminum solutions and value-added products.
Asia-Pacific was the largest region in the aluminum casting market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aluminum casting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the aluminum casting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Growing demand in the automobile industry propels the market growth in the aluminum casting market. An automobile, often known as a motorcar or a car, is a four-wheeled vehicle that is designed primarily for passenger transportation and is powered by an internal-combustion engine that runs on volatile fuel. Currently, more than 50% of individual components in automotive vehicles such as transmission housings and pistons are made of aluminum casting. The global production of automobiles has increased year over year, creating new potential for market expansion around the world. For instance, according to the European Automobile Manufacturers' Association (ACEA), 77.9 million automobiles are manufactured worldwide in 2020. Therefore, the rising demand for aluminum products in the automobile industry drives the aluminum casting market.
The aluminium casting market includes revenues earned by entities by producing accurately, defined, smooth and textured-surfaced metal parts. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the aluminum casting market are Alcoa Corporation, Aluminum Corporation of China Limited, Alcast Technologies, Bodine Aluminum, Inc., Consolidated Metco, Inc., Dynacast, Gibbs Die Casting Corporation, MartinreaHonsel Germany GmbH, Ryobi Ltd., Walbro, China Hongqiao Group Limited, Arconic Inc., and Eagle Aluminum Cast Products.
This product will be delivered within 1-3 business days.
The main types of processes of aluminum casting include die casting, sand casting, and permanent mold casting. The die casting market consists of sales of aluminum by entities (organizations, sole traders, and partnerships) that refer to a manufacturing process in which molten metal is poured for desired shapes. Die casting is used for improved automotive fuel efficiency by reducing weight. Aluminum casting is used in transportation, building & construction, industrial and other sectors.
The global aluminum casting market grew from $61.39 billion in 2022 to $68.19 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aluminum casting market is expected to grow to $102.25 billion in 2027 at a CAGR of 10.7%.
The aluminum casting market research report is one of a series of new reports that provides aluminum casting market statistics, including aluminum casting industry global market size, regional shares, competitors with an aluminum casting market share, detailed aluminum casting market segments, market trends, and opportunities, and any further data you may need to thrive in the aluminum casting industry. This aluminum casting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The partnership between companies is a key trend gaining popularity in the aluminum casting market. Companies manufacturing aluminum products are undergoing partnerships to develop new technologies and products to meet the growing demand for innovating aluminum casting products from various end customers. For instance, in June 2021, Rio Tinto, anglo Australian-based specialized in metals and mining operating worldwide created the alloys for the semi-solid Rheocasting process offered by Comptech. Comptech is an R&D institute specialized in supply know-how and equipment for aluminum semi-solid castings operating in Asia. Rheocasting is a new semi-solid casting technique that enables the manufacturing of low-cost aluminum components with high strength, minimal porosity, and a wide range of alloys and has a major benefit in the production of 5G antennas. Through this partnership a new line of specialized alloys aimed at providing high-performance, low-cost solutions for sophisticated applications such as electric vehicles and 5G antennae.
In April 2021, RUSAL a Russian-based leading aluminum producer operating worldwide acquired AluminumRheinfelden GmbH, a Germany-based manufacturer of aluminum alloys, semis, and carbon-based components for an undisclosed amount. The acquisition strengthens RUSAL's position as the supplier of choice to its international network of automotive customers and is expected to deliver strong commercial synergies, high-end niche products, and also produce innovative sustainable aluminum solutions and value-added products.
Asia-Pacific was the largest region in the aluminum casting market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aluminum casting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the aluminum casting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Growing demand in the automobile industry propels the market growth in the aluminum casting market. An automobile, often known as a motorcar or a car, is a four-wheeled vehicle that is designed primarily for passenger transportation and is powered by an internal-combustion engine that runs on volatile fuel. Currently, more than 50% of individual components in automotive vehicles such as transmission housings and pistons are made of aluminum casting. The global production of automobiles has increased year over year, creating new potential for market expansion around the world. For instance, according to the European Automobile Manufacturers' Association (ACEA), 77.9 million automobiles are manufactured worldwide in 2020. Therefore, the rising demand for aluminum products in the automobile industry drives the aluminum casting market.
The aluminium casting market includes revenues earned by entities by producing accurately, defined, smooth and textured-surfaced metal parts. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the aluminum casting market are Alcoa Corporation, Aluminum Corporation of China Limited, Alcast Technologies, Bodine Aluminum, Inc., Consolidated Metco, Inc., Dynacast, Gibbs Die Casting Corporation, MartinreaHonsel Germany GmbH, Ryobi Ltd., Walbro, China Hongqiao Group Limited, Arconic Inc., and Eagle Aluminum Cast Products.
This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Aluminum Casting Market
What is the estimated value of the Global Aluminum Casting Market?
What is the growth rate of the Global Aluminum Casting Market?
What is the forecasted size of the Global Aluminum Casting Market?
Who are the key companies in the Global Aluminum Casting Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2023 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value ( USD | $ 68.19 billion |
| Forecasted Market Value ( USD | $ 102.25 billion |
| Compound Annual Growth Rate | 10.7% |
| Regions Covered | Global |
Table of Contents
1. Executive Summary2. Aluminum Casting Market Characteristics
3. Aluminum Casting Market Trends And Strategies
4. Aluminum Casting Market - Macro Economic Scenario
4.1 COVID-19 Impact On Aluminum Casting Market
4.2 Ukraine-Russia War Impact On Aluminum Casting Market
4.3 Impact Of High Inflation On Aluminum Casting Market
5. Aluminum Casting Market Size And Growth
5.1. Global Aluminum Casting Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Aluminum Casting Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Aluminum Casting Market Segmentation
6.1. Global Aluminum Casting Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Die Casting
- Sand Casting
- Permanent Mold Casting
- Transportation sector
- Building and Construction sector
- Industrial sector
- Other End-Users
7.1. Global Aluminum Casting Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Aluminum Casting Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Aluminum Casting Market
8.1. Asia-Pacific Aluminum Casting Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.3. Asia-Pacific Aluminum Casting Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Aluminum Casting Market
9.1. China Aluminum Casting Market Overview
9.2. China Aluminum Casting Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Aluminum Casting Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Aluminum Casting Market
10.1. India Aluminum Casting Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Aluminum Casting Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Aluminum Casting Market
11.1. Japan Aluminum Casting Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Aluminum Casting Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Aluminum Casting Market
12.1. Australia Aluminum Casting Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Aluminum Casting Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Aluminum Casting Market
13.1. Indonesia Aluminum Casting Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Aluminum Casting Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Aluminum Casting Market
14.1. South Korea Aluminum Casting Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Aluminum Casting Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Aluminum Casting Market
15.1. Western Europe Aluminum Casting Market Overview
15.2. Western Europe Aluminum Casting Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Aluminum Casting Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Aluminum Casting Market
16.1. UK Aluminum Casting Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Aluminum Casting Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Aluminum Casting Market
17.1. Germany Aluminum Casting Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Aluminum Casting Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Aluminum Casting Market
18.1. France Aluminum Casting Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Aluminum Casting Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Aluminum Casting Market
19.1. Eastern Europe Aluminum Casting Market Overview
19.2. Eastern Europe Aluminum Casting Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Aluminum Casting Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Aluminum Casting Market
20.1. Russia Aluminum Casting Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Aluminum Casting Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Aluminum Casting Market
21.1. North America Aluminum Casting Market Overview
21.2. North America Aluminum Casting Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Aluminum Casting Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Aluminum Casting Market
22.1. USA Aluminum Casting Market Overview
22.2. USA Aluminum Casting Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Aluminum Casting Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Aluminum Casting Market
23.1. South America Aluminum Casting Market Overview
23.2. South America Aluminum Casting Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Aluminum Casting Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Aluminum Casting Market
24.1. Brazil Aluminum Casting Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Aluminum Casting Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Aluminum Casting Market
25.1. Middle East Aluminum Casting Market Overview
25.2. Middle East Aluminum Casting Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Aluminum Casting Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Aluminum Casting Market
26.1. Africa Aluminum Casting Market Overview
26.2. Africa Aluminum Casting Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Aluminum Casting Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Aluminum Casting Market Competitive Landscape And Company Profiles
27.1. Aluminum Casting Market Competitive Landscape
27.2. Aluminum Casting Market Company Profiles
27.2.1. Alcoa Corporation
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Aluminum Corporation of China Limited
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Alcast Technologies
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Bodine Aluminum, Inc
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Consolidated Metco, Inc
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Aluminum Casting Market
29. Aluminum Casting Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer
Executive Summary
Aluminum Casting Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on aluminum casting market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for aluminum casting? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The aluminum casting market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:
1) By Process: Die Casting; Sand Casting; Permanent Mold Casting2) By End-User: Transportation sector; Building and Construction sector; Industrial sector; Other End-Users
Companies Mentioned: Alcoa Corporation; Aluminum Corporation of China Limited; Alcast Technologies; Bodine Aluminum Inc; Consolidated Metco Inc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Alcoa Corporation
- Aluminum Corporation of China Limited
- Alcast Technologies
- Bodine Aluminum Inc
- Consolidated Metco Inc
- Dynacast
- Gibbs Die Casting Corporation
- Martinrea Honsel Germany GmbH
- Ryobi Ltd
- Walbro
- China Hongqiao Group Limited,Arconic Inc
- Eagle Aluminum Cast Products
Methodology
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