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Aluminum Casting Market To Reach USD 144.74 Billion By Year 2030

The Global Aluminum Casting Market size was valued at USD 82.67 billion in 2023 and is projected to reach USD 144.74 billion by 2030, growing at a CAGR of 7.2% from 2023 to 2030.

Swati Kalagate
Chemical and Materials
Pristine Intelligence LLP

Industry Landscape

The Global Aluminum Casting Market size was valued at USD 82.67 billion in 2023 and is projected to reach USD 144.74 billion by 2030, growing at a CAGR of 7.2% from 2023 to 2030.

The aluminum casting market refers to the global industry involved in the production and distribution of aluminum castings. Aluminum casting is a manufacturing process that involves pouring molten aluminum into a mold to create various components and products.

Aluminum casting offers several advantages, including lightweight, excellent corrosion resistance, high thermal conductivity, and good mechanical properties. These characteristics make it a preferred choice for a wide range of applications in various industries such as automotive, aerospace, construction, and consumer goods.

The aluminum casting market has experienced significant growth over the years, driven by factors such as increasing demand for lightweight materials in the automotive industry to improve fuel efficiency and reduce emissions. Additionally, the rising demand for aluminum castings in the aerospace sector for aircraft components and structures has also contributed to market growth.

Major Industry Participants in the Aluminum Casting Market

    • Alcoa Corporation (US)
    • Arconic Inc. (US)
    • Nemak (Mexico)
    • Ryobi Limited (Japan)
    • Dynacast International (US)
    • Endurance Technologies Limited (India)
    • Gibbs Die Casting Corporation (US)
    • Martinrea International Inc. (Canada)
    • Consolidated Metco Inc. (US), Other Major Players.

 Market Dynamics and Contributing Factors

Industries such as automotive and aerospace are under increasing pressure to improve fuel efficiency and reduce emissions. By replacing heavier materials with aluminum castings, manufacturers can achieve weight reduction in vehicles and aircraft, leading to improved fuel economy and reduced carbon dioxide emissions.

Moreover, governments and regulatory bodies are implementing stringent regulations to curb greenhouse gas emissions and promote sustainable practices. For instance, automotive emission standards and regulations such as Corporate Average Fuel Economy (CAFE) standards in the United States and Euro emission standards in Europe are pushing automakers to adopt lightweight materials like aluminum castings to meet the requirements.

In addition to this, the growing renewable energy sector, including wind and solar power, demands lightweight and sustainable materials for infrastructure components. The lightweight properties of aluminum castings facilitate ease of installation and transportation while reducing the environmental impact of renewable energy systems.

The automotive industry is increasingly focused on weight reduction to improve fuel efficiency, meet emissions regulations, and enhance overall performance. By replacing heavier components with aluminum castings, automakers can achieve weight reduction without compromising structural integrity, leading to improved fuel economy and reduced emissions.

Also, the rise of electric and hybrid vehicles further increases the demand for lightweight materials in the automotive sector. As the electric vehicle market expands, the demand for aluminum castings in components such as motor housings, battery enclosures, and structural components is expected to grow.

Key Insights in the Aluminum Casting Market Report

    • By Process, the die-casting segment is expected to have the maximum market share in Aluminum Casting during the projected period. Die casting offers high production efficiency and productivity, making it a preferred choice for large-scale manufacturing. The process allows for fast cycle times, enabling the production of a large number of aluminum castings within a short period. Also, die casting enables the production of aluminum castings with intricate shapes, complex geometries, and tight dimensional tolerances. The high-pressure nature of the process allows for the replication of fine details and the production of components with precise dimensions
    • By End-Use Sector, the Transportation Sector segment is anticipated to dominate the Aluminum Casting market over the forecast year. The Transportation Sector's dominance in the aluminum casting market can be attributed to several factors. Firstly, aluminium’s lightweight yet durable properties make it an ideal material for various components in vehicles, including engine parts, wheels, transmission housings, and structural components, aiding in fuel efficiency and overall vehicle performance.
    • By region, Asia Pacific is expected to dominate the Aluminum Casting market, during the projected period. The region has emerged as a major manufacturing hub for various industries, including automotive, aerospace, construction, and consumer goods. This industrial growth drives the demand for aluminum castings, as they are widely used in these sectors for their lightweight and durable properties.

Significant Industry Development

In May 2023, Alcoa and Emirates Global Aluminium (EGA) announced a new multi-year agreement for Alcoa to supply EGA with smelter-grade alumina. Over the life of the 8-year agreement, which commences in 2024, volume options will allow EGA to procure as much as 15.6 million metric tons of alumina from Western Australia.

In March 2023, Martinrea Innovation Developments Inc. announced NanoXplore’s purchase of Martinrea Innovation’s 50% equity stake in VoltaXplore Inc. for an aggregate equity consideration of $10 million on March 24, 2023.

Aluminum Casting Market Segmentation

By Process      

    • Die Casting
    • Sand Casting
    • Permanent Mold Casting

By End-Use Sector      

    • Transportation Sector
    • Building & Construction Sector
    • Industrial Sector

For this report, pristine intelligence has segmented the Aluminum Casting Market based on region.

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

North America

    • The U.S.
    • Canada
    • Mexico

Eastern Europe

    • Bulgaria
    • The Czech Republic
    • Hungary
    • Poland
    • Romania
    • Rest of Eastern Europe

Western Europe

    • Germany
    • UK
    • France
    • Netherlands
    • Italy
    • Russia
    • Spain
    • Rest of Western Europe

Asia Pacific

    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Thailand
    • Vietnam
    • The Philippines
    • Australia
    • New-Zealand
    • Rest of APAC

Middle East & Africa

    • Turkey
    • Bahrain
    • Kuwait
    • Saudi Arabia
    • Qatar
    • UAE
    • Israel
    • South Africa

South America

    • Brazil
    • Argentina
    • Rest of SA
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