“The global aluminum casting market is anticipated to surpass USD 120 billion by 2030 by growing at a lucrative CAGR of 9.6% during the forecast period from 2020 to 2030”, says Visiongain

09 January 2020

Visiongain’s new report Aluminum Casting Market Report 2020-2030: Forecasts by Process (Die Casting, Permanent Mold), End Use (Building & Construction, Industrial, Transportation, Others), and by region and analysis of leading companies operating in this industry.

The global aluminum casting market is anticipated to surpass USD 120 billion by 2030 by growing at a lucrative CAGR of 9.6% during the forecast period from 2020 to 2030.

Casting means pouring liquid metal into molds or molten metal. Aluminum casting requires the pouring as a liquid metal of aluminum alloys. To turn it into a liquid form, aluminum is heated and then poured into molds. The mold needs to be accurate and well finished as it has a direct impact on the finished casting of aluminum. This provides a high level of conductivity and corrosion protection. This provides all shapes with high tensile strength and high stability. It can be easily customized through heat treatment. Due to its efficient characteristics, the automotive industry is using an aluminum casting method on a large scale.

Due to the increasing population demand for vehicles, the growth of the aluminum casting industry has increased tremendously. The growth of the industry is also driven by increased demand for consumer goods, high investment in mining, construction, and electronics, expansion in industries and emerging economies. Aluminum is substituted by magnesium as a liquid metal which limits the growth of the casting market for aluminum. Aluminum's preference for iron and steel in the automotive sector is the major market opportunity.

However, stringent government regulations aimed at reducing greenhouse gas emissions is anticipated to restrain market growth over the forecast period.

Also, it is anticipated that the growing automotive and construction industry across the globe is fueling global aluminum casting market growth. More than 50% of cast products on the market are used in the automotive sector. Die casting provides cost-saving opportunities, however, it faces competition from substitute materials like steel and plastics. Increasing demand for cast goods has led to the segment's growth in the automotive sector. The demand for powertrain and structural automotive components for aluminum products is steadily increasing.

During the forecast period, the industrial sector is expected to be the most promising segment. The segment's growth can be attributed to traditional agricultural countries, including India and Brazil, being modernized. Similarly, the growing infrastructure in China, India & other Asian economies is seen as the key factor fueling the demand for construction equipment over the forecast period.

Asia-Pacific is currently the largest aluminum casting market where India and China are the largest markets at the country level. During the forecast period, the Asia-Pacific aluminum casting market is expected to register the highest CAGR, as it is the most populated region in the world, and the demand for transportation & construction sectors are on the rise.

Some of the key aluminum casting market players include Alcast Technologies, Alcoa Corporation, Aluminum Corporation of China Limited, Bodine Aluminum, Inc., Consolidated Metco, Inc., Dynacast, Eagle Aluminum Cast Products, Endurance Technologies Limited, Fairfield Aluminum Casting Company (FALCO), Gibbs Die Casting Corporation, Kaiser Aluminum, La Aluminum Casting Company, Martinrea Honsel Germany GmbH, Ningbo Innovaw Mechanical Co., Ltd., Pace Industries, Rio Tinto, Rockman Industries Limited, Ryobi Ltd., Walbro among other prominent players.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Nitrogenous Fertilizers Market Report to 2031

Urea is used most frequently in agriculture on the basis of nitrogen fertiliser, and in the past decade has been responsible for almost 90 percent of the growth of the market in nitrogen fertilisers. Urea is preferred as an ammonium nitrate substitute and is widely used as an economical and easy-to-use solution.

26 February 2021


Visiongain Publishes Nitric Acid Market Report to 2031

Due to the presence of a large number of multinational chemical producers in the USA, the market for North America is expected to see significant growth during the forecast period. The market for nitric acid will continue to reflect high growth as industries like manufacturing, automotive, agricultural and furniture are growing rapidly.

26 February 2021


Visiongain Publishes Nematicides Market Report to 2031

Demand for nematicides is high in certain countries. Although the US market for nematicides accounts for a small fraction of the total use of pesticides, nematicides account for over 60 percent of total agricultural pesticides in the Netherlands.

26 February 2021


Neem Extracts Market Report to 2031

The increased demand for organic pesticides and fertilisers was the result of increasing concern about environmental degradation. Neem-based agricultural products are thus increasingly being used to preserve soil quality and prevent harmful effects of synthetic pesticides.

26 February 2021