The Aluminum Casting Market is forecast to reach USD 78.02 Billion by 2027, according to a new report by Reports and Data. The growing use of lightweight materials in various end-user industries will be one of the leading market trends for aluminum casting over the forecast period. Increased use in sectors such as aerospace and automotive has further boosted the market’s growth. The demand has vast opportunities because aluminum is favored over iron and steel products in the automotive industry.
The increasing demand for consumer goods, high investment in mining, construction, and electronics, expansion in manufacturing, and developing economies are also driving the market growth. Aluminum Casting provides high conductivity and corrosion resistance. It gives all shapes with high tensile strength and high stability.
Aluminum is being replaced by magnesium as a liquid metal, which restricts the growth of the casting market for aluminum. The problem the aluminum casting industry faces is monitoring the effect of aluminum cast production on the climate. Factors such as high aluminum casting machinery costs and high investments in aluminum casting technology developments are likely to hamper demand development.
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The report further studies the significant trends and demands of the market in each key region of the market and analyzes the strategic steps and initiatives taken by the leading companies of the industry. Some of the major companies operating in the Aluminum Casting market and profiled in the report are:
Gibbs Die Casting Corporation, Ryobi Ltd., Consolidated Metco Inc., Walbro, Alcoa Corporation, Martinea Honsel Germany GmbH, Aluminum Corporation of China Ltd., Alcast Technologies, Dynacast, Bodine Aluminum Inc., among others
The research study further covers the expansion and scope of the market in the key geographies across the globe. It assesses the scope of the market on a global as well as country-wise level. The market is spread across the key regions that include: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report provides a comprehensive analysis of the production and consumption patterns, import and export ratio, supply and demand dynamics, key trends and demands, consumer behavior, and presence and operations of prominent players in each region of the market.
The report covers the assessment of the historical data of the market to offer key insights into the current and emerging trends in the business sphere. The report considers 2017-2018 as historical years, 2019 as the base year, and 2021-2027 as forecast years. The report also discusses in detail the mergers and acquisitions, collaborations, joint ventures, product launches, brand promotions, corporate and government deals, and partnerships occurring in the market.
The report further segments the market on the basis of product types and application spectrum offered by the market.
Process Type Outlook (Revenue, USD Billion; 2017-2027)
End-user Outlook (Revenue, USD Billion; 2017-2027)
Sources Outlook (Revenue, USD Billion; 2017-2027)
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Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Aluminum Casting Market Segmentation & Impact Analysis
4.1. Aluminum Casting Market Material Segmentation Analysis
4.2. Industrial Outlook
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The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the Aluminum Casting market and its competitive landscape.
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