The Aluminum Casting market is forecasted to grow at a rate of 6.3% from USD 49.30 billion in 2019 to USD 78.02 billion in 2027. The growing use of aluminum in vehicles is expected to drive the market in the coming years due to high strength and lightweight. Aluminum through heat treatment can be easily personalized. Because of their useful characteristics, the automotive sector is using an aluminum casting method on a full scale. Strong infrastructure projects are also opening up opportunities for the casting industry in aluminum. Canned food and drinks are other markets dominated by aluminum casting. The aluminum cans Quickly chill and have a highly impressible coating. Home appliances have also been benefitted from the aluminum properties. Its thermal properties make it suitable for refrigeration applications, while the lightweight allows easy movement and transportation of tools.
The growing use of lightweight materials in various end-user industries will be one of the leading market trends for casting aluminum that will have an impact on market growth over the forecast period. Lightweight materials are increasingly being used in industries such as aerospace and automotive. For many manufacturers looking to meet the demanding weight reduction targets without sacrificing on the performance, aluminum is quickly becoming the most preferred material.
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Different businesses in the chemicals and materials industries differ in size, geography, business style, and end-market focus. These businesses are part of a larger ecosystem that includes oil, gas, coal, minerals, and bio-based products as raw materials on one hand and a wide range of application industries on the other. It is traditional to divide the chemical industry into three major categories: petrochemicals, diversified manufacturers, and specialized industries.
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Moreover, the report provides insight into how the Aluminum Casting market will develop between 2023 and 2027. Companies operating in the Aluminum Casting market can benefit from the in-depth dynamics presented in the report, thereby making strategic development decisions that will help them succeed. During the forecast period, the Aluminum Casting market is expected to undergo significant changes that will highly configure its growth.
Furthermore, the report highlights the growth prospects of the Aluminum Casting market and estimates market progress in terms of value (USD million) and volume (thousand units).
Key Players covered in this 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.
Process Type Outlook (Revenue, USD Billion; 2017-2027)
- Die Casting
- Permanent Mold Casting
- Sand Casting
End-user Outlook (Revenue, USD Billion; 2017-2027)
- Buildings & Construction
Sources Outlook (Revenue, USD Billion; 2017-2027)
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Key Questions Answered in This report on the Aluminum Casting Market
The report provides detailed information about the Aluminum Casting market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. The information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the Aluminum Casting market, so as to help them formulate successful strategies and take target-driven decisions.
- How are key market players successfully earning revenue from the advantages of the product?
- What will be the Y-o-Y growth of the Aluminum Casting market between 2023 and 2027?
- What are the winning imperatives of market frontrunners in the Aluminum Casting market?
- Which end-user is expected to undertake maximum adoption of the product during the forecast period?
Research Methodology: Aluminum Casting Market
The research methodology adopted by analysts to compile the Aluminum Casting market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Aluminum Casting market.
During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Aluminum Casting market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Aluminum Casting market.
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