November 07, 2019
According to the latest study titled ‘Global Aluminium Casting Market: Analysis By Type (A380, A383, A360, A319, ZA-8, ZA-12, ZA-27, Others), Process (Die Casting, Permanent Mold Casting, Sand Casting), End User, By Region, By Country (2019 Edition): Opportunities and Forecast (2013-2023)-- By End User (Transportation, Manufacturing, Building and Construction), By Country (US, Canada, UK, Germany, France, Italy, China, Japan, India, South Korea)’ available at MarketStudyReport.com, the global aluminium casting market is estimated to grow with a CAGR of 5.74% through the year 2023.
Aluminium casting, a process in which aluminium and its alloys are heated to the liquid form and poured in mold. The advantageous features of aluminium, such as light weight coupled with the strength of metal, allow it to be in demand across automobile industry. Increasing demand of vehicles throughout the globe, as well as rising use of aluminium cast products in building & construction sector are driving the growth of aluminium casting market.
The study encompasses details about revenue shares for each segment and analyzes expansion strategies adopted by various manufacturers. It offers a comprehensive insight about the challenges, drivers, trends, and restraints impacting aluminium casting market growth.
Based on aluminium type, aluminium casting market is segmented into A383, A380, A319, ZA-27, A360, ZA-12, ZA-8, and others, wherein A380 alloy segment dominated the market in the recent past, owing to its multiple applications and use in production of tools, frames, levers, and fixtures among others.
While speaking of process, the industry is divided into permanent mold casting, die casting, and sand casting. In terms of end-users, the aluminium casting market is split into manufacturing, transportation, building & construction, and others.
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Considering the geographical landscape, the global aluminium casting industry is fragmented into four major regions, namely, Europe, North America, Asia Pacific. Moreover, Asia Pacific aluminium casting market registered largest growth rate in 2018, pertaining to rising trade across nations, escalating vehicle production, and increasing focus of government towards improving infrastructure across the region, claims the report.
Some of the vendors that operate in the aluminium casting market are Gibbs Die Casting Corp, Arconic, Rio Tinto, NEMAK, China Hongqiao Group Limited, Ryobi Limited, Chalco, United Company Rusal, Martinrea Honsel Germany Gmb, and Dynacast.
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