Aluminum Casting Market: By Process, By End Use Sector, and Geography  

Aluminum Casting Market Size, Share, Growth, Trends, and Global Industry Analysis: By Process (Sand Casting, Die Casting, and Permanent Mold Casting), By End Use Sector (Industrial Sector, Building & Construction Sector, Transportation Sector, and Others), and Region  

Aluminum Casting Market size valued US$ 57.61 billion in 2023 and is poised to grow at a CAGR of 7.14% from 2024 to 2030.  Aluminum casting is the technique of moulding liquid aluminium under high pressure into a die cavity to create simple to complicated items. The mould is manufactured with accuracy in the desired shape, size, quality, and finish surface. These are the lightest die-cast alloys, have the best surface polish, and can endure the highest working temperature of any die-cast alloy. Aluminum is the raw material which is converted into products by using the casting process which is the original and most widely used process. However, advancements have been taken place in the field of aluminum casting but the principle remains the same, molten aluminum is poured into a mold to duplicate the desired pattern. However, the automotive industry is the largest market for aluminum casting. This report studies global aluminum casting market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global aluminum casting market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).

Aluminum Casting Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

7.14%

Largest Market

Asia-Pacific

Fastest Growing Market

North America

Aluminum Casting Market Dynamics

The increasing demand from automobile and consumer appliances coupled with rising investments in construction, mining, and electronics is anticipated to drive the growth of the market over the forecast years. Moreover, replacement of iron and steel with aluminum in the automobile sector and industrial expansion in emerging economies is another factor fuelling the growth of the market. Furthermore, increasing military investments in Light weight weapon systems is one of the main factors driving the market growth.

Aluminum Casting Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 57.61 billion

Market CAGR

7.14%

By Process

  • Sand Casting
  • Die Casting
  • Permanent Mold Casting

By End Use Sector

  • Industrial Sector
  • Building & Construction Sector
  • Transportation Sector
  • Others

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

The global aluminum casting market size was valued at US$ 57.61 billion in 2023 and is projected to grow at a CAGR of 7.14% from 2024 to 2030.

The aluminum casting market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

The aluminum casting market key players are: Alcoa Corporation, Rio Tinto, Aluminum Corporation of China Limited (Chalco), Gibbs Die Casting Corp, Arconic Inc.

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Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

Key Market Players

 

  • Alcoa Corporation
  • Rio Tinto
  • Aluminum Corporation of China Limited (Chalco)
  • Gibbs Die Casting Corp
  • Arconic Inc.
  • Ryobi Limited
  • United Company Rusal
  • Rockman Industries Ltd.
  • Kaiser Aluminum
  • Dynacast Charlotte
  • Nemak, S.A.B. De C.V.
  • China Hongqiao Group Limited
  • Martinrea Honsel

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