24/7 Customer Support

Aluminum Casting Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Aluminum Casting Market – (By Product – Silicon, Iron, Copper, Magnesium and Zinc; By Methods – Die Casting, Permanent Mold Casting, Investment Casting, and Sand Casting; By Industry Application – Aerospace, Construction & Architecture, Site Furnishings (Removable Bollard Applications), Food And Beverage (cans), Electrical and Electronics Equipment, Automotive, Agriculture, and Others; and By Region) - Industry Dynamics, Market Size, Opportunity and Forecast to 2030

  • Published On: 27-May-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0522250
    Delivery: 2 to 4 Hours

FREQUENTLY ASKED QUESTIONS

Silicon, Iron, Copper, Magnesium, and Zinc are the products of aluminum casting.

Die Casting, Permanent Mold Casting, Investment Casting, and Sand Casting are the methods of aluminum casting.

The market size of aluminum casting was US$ 61.3 Billion in 2021. 

Factors such as rising demand in the automobile industry and rising military investment in lightweight weapon systems are supporting the growth of the aluminum casting market across the globe.

Importer countries-China, Italy, Japan, Germany, and others | Exporter countries- United States, China, India, Japan, and others

Asia Pacific region is estimated to hold the largest share in the market

Arkema SA, Arrmaz, BASF Corporation, and Dupont De Nemours Inc., are the key players in the aluminum casting market.

The COVID-19 pandemic impacted every manufacturing and the industrial sector where aluminum casting is heavily used in automotive, construction, transport, and many others. Due to stringent travel restrictions during the pandemic, the supply chain of aluminum casting material, has led to unforeseen price volatility and has also reduced negotiation potential for prospective buyers.

Rising vehicle production has increased the demand for aluminum casting in a wide range of components of vehicles. Similarly, there is a large-scale demand for lightweight materials for planes and flying crafts, as they have favorable weight for aerospace components.

Die-casting is one of the most widely adopted casting methods in the aluminum casting market.

The political goal of Europe of decarbonization, is a concern of the aluminum industry. Moreover, the Brexit situation adversely affected the automotive industry and aluminum production in Germany and UK. The ongoing tariff battle on primary aluminum imports from Canada to the US has put pressure on US consumers.

Germany, Japan, the United States, and China are the top importers.

Automotive industry is the largest user of aluminum casting.