Aluminum Casting Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
Aluminum casting is a type of metalworking process that involves pouring liquid metal into a mold or form. Aluminum is heated so as to change over it into the fluid-structure and afterward filled molds. It is essential for the mold to be in the precise shape and well finished as it directly affects completed aluminum casting. Aluminum castings are used to make complex and detailed parts very efficiently. The three most important methods are die casting, permanent mold casting and sand casting.
MARKET SCOPE
The "Global Aluminum Casting Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aluminum casting market with detailed market segmentation by process, end use industry, and geography. The report provides key statistics on the market status of the leading aluminum casting market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on process, the global aluminum casting market is segmented into die casting, permanent mold casting, and sand casting.
- Based on end use industry, the global aluminum casting market is segmented into transportation, building and construction, industrial, and others.
MARKET DYNAMICS
Drivers:
- Expanding interest for buyer machines, high interests in mining, construction, and electronics, extension in ventures, and rising economies.
- The rise in military spending in the country, coupled with rising investments in automation and robotics.
Restraints:
- A steep decline in raw material prices, unemployment, minimal production, and disruptions in transport impacted the manufacturing of aluminum die castings.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aluminum casting market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the aluminum casting market in these regions.
IMPACT OF COVID-19 ON ALUMINUM CASTING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemicals and materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
Aluminum Casting Market Report Analysis
CAGR (2023 - 2031)
US$ XX Million
US$ XX Million
Report Coverage
Key Players
Regional Overview
Market Segmentation
By Process
By End Use Industry
The report covers key developments in the aluminum casting market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from aluminum casting market are anticipated to witness lucrative growth opportunities in the future with the rising demand for aluminum casting in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aluminum casting market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Alcoa Corporation
- Dynacast
- Walbro
- Alcast Technologies Ltd.
- Aluminum Corporation of China Limited
- Gibbs Die Casting Corporation
- Ryobi Ltd.
- Kaiser Aluminum
- Martinrea Honsel Germany GmbH
- Bodine Aluminum, Inc.
- Nemak S.A.B. de C.V.
- Arconic Inc.
- China Hongqiao Group Limited
- United Company Rusal
- Rio Tinto
- Honsel Germany GmbH
- Endurance Technologies Limited
- Consolidated Metco Inc.
- Reliance Foundry Co. Ltd.
- Wagstaff Inc
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Aluminum Casting Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Process
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
1. Alcoa Corporation
2. Dynacast
3. Walbro
4. Alcast Technologies Ltd.
5. Aluminum Corporation of China Limited
6. Gibbs Die Casting Corporation
7. Ryobi Ltd.
8. Kaiser Aluminum
9. Martinrea Honsel Germany GmbH
10. Bodine Aluminum, Inc.
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