openPR Logo
Press release

Aluminum Castings Market Emerging Economies Expected to Influence Growth until 2028

01-11-2019 02:12 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Aluminum Castings Market Emerging Economies Expected

Aluminium castings are produced by a metalworking process called aluminium casting process in which liquid aluminium and aluminium alloys is poured into molds with desired shape and details. Generally, three types of aluminium castings are made by three casting processes including die casting, permanent mold casting and sand casting.

The market for aluminium castings has gained momentum in the past decade on the back of increasing popularity of aluminium metal in the automotive industry which is replacing heavy metals with aluminium to meet the demand for lightweight and fuel-efficient automobiles.

Owing to their ideal properties suitable for aerospace components, aluminium castings also find application in the aerospace sector. However, ongoing trade disputes and increased aluminium tariffs are impacting the cost of aluminium castings, thereby projects a significant influence on the future outlook of aluminium castings market.

Automotive Industry Presents a Surge in Demand for Aluminium Castings

The automotive industry has witnessed a significant surge in demand for aluminium material in the past several years. Among different types of automotive materials, the popularity of aluminium is growing at a faster rate owing to a higher proportion of aluminium in new models of automobiles as compared to their traditional models. Also, increasing demand for light-weight and fuel-efficient automobiles has gained significant momentum in the recent past, thereby increasing important of aluminium castings in the automotive industry.

An ever higher demand for aluminium castings is projected from the electric vehicles segment. Production trend of electric vehicles is on the rise wherein a number of auto industry giants have ramped up their EV production capacities. As aluminium presents potential benefits in terms of future weight reduction and high strength demand from the auto industry, the market for aluminium castings is highly likely to witness an optimistic outlook in the future.

Request 100 Page Sample Report Now: https://www.factmr.com/connectus/sample?flag=S&rep_id=2462 

Aluminium and Aluminium Alloy Castings Highly Valued in Aerospace Sector

Although a niche application, aluminium castings are highly valued in the aerospace industry for their specific characteristics. In particular, aluminium castings deliver a combination of functions such as precision and strength. These characteristics fit well in the evolving landscape of the aerospace sector which presents a significant demand for reliable, high-precision and cost-effective aerospace components.

With the advancements in aircraft technologies, increased sophistication has created a need for complex aerospace components wherein castings play a vital role. Further, increasing sales of aircraft on the back of increasing airline passengers and growth in the international air traffic. Owing to their critical role in aerospace technologies, aluminium castings will witness a steady demand in the aerospace sector.

Aluminium Casting Manufacturers to Face Surge in Prices on the Back of Trade Disputes

Increased import tariffs on aluminium are likely to impact the associated industry such as die casting or aluminium casting. Increased cost of aluminium is expected to translate into pricing surge of aluminium castings. Traditional practice of aluminium casting involved a lower cost, however, increased trade duties are likely to impact the cost of aluminium castings.

Increased tariffs on aluminium can also lead to shortage of aluminium and aluminium alloy supply required to meet the demand from the aluminium casting industry. Thus, increased tariffs of aluminium are likely to have a significant influence on the downstream aluminium industry manufacturers including aluminium casting manufacturers.

Get Access To TOC Covering 200+ Topics: https://www.factmr.com/connectus/sample?flag=T&rep_id=2462 

Aluminium Castings Market Segmentation

Aluminium castings market is segmented based on source, process and application.

Based on source, the aluminium castings market is segmented in:

Primary
Secondary
Based on process, the aluminium castings market is segmented in:

Die Casting
Permanent Mold Casting
Sand Castings
Based on application, the aluminium castings market is segmented in:

Automotive
Passenger Cars & LCV
Commercial Vehicles
Motor Bikes
Non-Automotive
Infrastructure
Industrial
Aluminium castings market research report offers detailed analysis of the market as well as consists of thoughtful facts and insights along with historical data, which holds market data that is industry-evaluated and statistically backed up. The report comprises of projections that are generated with the help of suitable methodologies and a set of hypotheses. In addition, the research report delivers information and study based on market classifications such as industry, end-use and region. 

Extensive Analysis of Aluminium Castings Market Research Report Covers:

Segmentation of aluminium castings market
Dynamics of aluminium castings market
Global market sizing
Demand and sale
Modern trends and challenges
Competitors and related competition
Technological advances
Value chain 
Geographical Data Analysis of Aluminium Castings Market Research Report Is Based On:

North America aluminium castings market
Latin America aluminium castings market
Europe aluminium castings market
Asia Pacific aluminium castings market
Japan aluminium castings market
Middle East and Africa aluminium castings market 
Aluminium castings market research report has been incorporated with first-hand information along with comprehensive analysis based on quality and quantity with the help of industry analysts. Inputs from participants and experts in the industry has also been integrated in the global report. Governing, micro and macro-economic aspects relating to parent market has been identified in the global report. Market attractiveness based on regions and segments along with qualitative impacts has also been included in the aluminium castings market research report. 

Notable Topics in Aluminium Castings Market Research Report Includes:

Outlook on parent market
Shifting market factors in industry
Wide-ranging market segmentation
Forecasted, on-going and past market sizing in terms of value and volume
Current industry improvements and trends
Competitive landscape
Product offerings and strategic plans of key players
Regions and segments indicating promising growth
Neutral viewpoint on the global market performance
Lucrative information for global market participants for business expansion
Speak To Research Analyst For Detailed
Insights: https://www.factmr.com/report/2462/aluminum-castings-market 

About US
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Rohit Bhisey
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Aluminum Castings Market Emerging Economies Expected to Influence Growth until 2028 here

News-ID: 1490632 • Views: 89

More Releases from Fact.MR

Mini LED Market to Expand 7.5X by 2030, Finds New Study by Fact.MR
In recent years, increasing popularity of OLED TVs in China and India has been significantly influencing growth of the mini LED market. With an increase in disposable income of a majority of the population in these countries, the inclination towards smart screens with higher lifespan and better performance is expected to open up numerous growth opportunities for the mini LED market. Moreover, aspiring and affluent households have increased their spending
Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel
07-02-2020 | Health & Medicine
Fact.MR
Medical Device Contract Manufacturing Market Set for Strong Growth, Production F …
The medical device contract manufacturing market is poised to expand at a CAGR of 11.3% during the forecast period (2020-2026). This is attributed to rapidly evolving healthcare industry and increasing adoption of technologically advanced surgical procedures. A number of original equipment manufacturers (OEMs) and contract manufacturers have been focusing on advanced technologies such as robotics, 3D-printing, and minimally invasive surgeries. Mergers & acquisition activities among leading players have greatly accelerated
06-02-2020 | Health & Medicine
Fact.MR
Fluid Management Market Expected to Grow Amid Covid-19, Finds Fact.MR
Growing prevalence of chronic disease and an expansion in numbers of geriatric population is leading to an upward facing growth curve for global fluid management market over the period of 2020 to 2025, states Fact.MR. It projects a compound annual growth rate or CAGR of about 5.3% for the market over this period, helping the market push its worth up significantly. It is significant to note here that while number of

All 5 Releases


More Releases for Casting

Ceramic Sanitary Ware Market by Technology - Slip casting, Tape casting, Pressur …
The Ceramic Sanitary Ware Market was valued at $ 41 billion in 2018 and is expected to reach grow at a CAGR of 9.8% reach $ 60 billion by 2023. The factors favoring the market growth are increase in middle class income group, rising disposable, changing lifestyle, government initiatives for hygiene and sanitation in developing regions. By technology, the ceramic sanitary ware market has been classified as slip casting, tape casting,
Automotive Parts Die Casting Market 2018-2023 | Global Industry Overview By Alca …
Automotive Parts Die Casting Market 2018 Automotive Parts Die Casting Market 2018, is latest research report by MarketResearchFuture, the global Automotive Parts Die Casting market is expected to Register High Growth Rate during 2018 To 2023. Report analyzes Automotive Parts Die Casting Market Key Companies with Size, Share, Trends analysis, and Key Country Forecast to 2023. Automotive Parts Die Casting Market Information is segmented by Production Process Type, Raw Material Type,
Investment Casting Market
The demand within the global market for investment calling has been expanding on account of the need for metallic devices and objects across several industries. Investment casting is amongst the oldest techniques for the manufacture of well-defined and properly shaped metallic objects, and this technique is also known as lost-wax casting A mould of the desired metallic alloy is formed around a wax structure that is later melted to leave
Die Casting Lubricants Market
Technological advancements have led to the development of highly engineered die lubricants that can be tailored to enhance the die-casting process, allowing them to gain additional efficiency. The market is expected to grow at a CAGR of 9.50% and touch USD 1.45 billion by the end of the forecast period. Die lubricants provide their effectiveness where they can be engineered to optimize wetting and spreading times, promote metal flow, quickly
Global Automotive Parts Zinc Die Casting Market Forecasat 2017 Continental Casti …
Automotive Parts Zinc Die Casting Market A market study ” Global Automotive Parts Zinc Die Casting Market ” examines the performance of the Automotive Parts Zinc Die Casting market 2017. It encloses an in-depth Research of the Automotive Parts Zinc Die Casting market state and the competitive landscape globally. This report analyzes the potential of Automotive Parts Zinc Die Casting market in the present and the future prospects from various angles
Casting and Splinting Market 2024
The global casting and splinting market exhibits the prevalence of intense competition as the presence of a large number of local and established players have rendered the market highly fragmented. As per Transparency Market Research (TMR), 3M healthcare, BSN Medical GmBH, Prime Medical, Inc., and Stryker Corporation constitute the leading companies in the casting and splinting market. The most prominent companies in the market are currently focusing on strategic mergers