Global Aluminium Casting Market to Record 5.74% CAGR Through 2023

July 30, 2020

According to the research report titled ‘Global Aluminium Casting Market: Analysis By Type , Process , End User, By Region, By Country (2019 Edition): Opportunities and Forecast (2013-2023)-- By End User (Transportation, Manufacturing, Building and Construction), By Country available with Market Study Report LLC, global aluminium market is projected to grow with a CAGR of 5.74% over the period of 2018-2023.

The report divides the aluminium casting market into various segments on the basis of casting type, process type, end-user scope and regional terrain.

In terms of type of Aluminium, global aluminium casting market is divided into ZA-27, ZA-12, ZA-8, A319, A360, A383, and A380. According to industry experts, the utility of A380 alloy in numerous product verticals such as industrial levers, buckets, frames, pump fixtures, and tools among others, are boosting the sales of the A380 type of aluminium casting which in turn is favoring the expansion of global aluminium casting market.

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Elaborating on the casting process, the market is split into sand casting, permanent mold casting, and die casting. With regards to the end-user spectrum, the aluminium casting market is segmented into building & construction, manufacturing, and transportation among others.

As per the regional analysis, global aluminium casting market is split into Asia-Pacific, North America, and Europe. The country-level bifurcation includes India, China, South Korea, Italy, France, Germany, United Kingdom, rest of Europe, U.S., and Canada among others.

Based on the findings of the report, the largest regional share in global aluminium casting market was represented by Asia-Pacific in the year 2018. Increasing trade among the regional economies, high production rate of vehicles, and the focus of the governments towards infrastructural development are augmenting the growth of Asia-Pacific aluminium casting market.

The research report on global aluminium casting market provides a holistic view through significant information as well as statistics regarding the industry share and its respective size over the forecast duration. The report aims to deliver high-quality market intelligence which further allows for effective decision-making during investment evaluation. It also highlights the marketing strategies implemented by the major companies operating in global aluminium casting market.

Speaking of competitive landscape, the major players in global aluminium casting market include Martinrea Honsel Germany GmbH, Dynacast International Inc., Chalco, China Hongqiao Group Limited, Ryobi Limited, Rio Tinto Group, Gibbs Die Casting Group Corporation Nemak SA, and United Company RUSAL among others.

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