Identify Hidden Opportunities of Aluminum Casting Market | Key Players: Alcoa Corporation, Aluminum Corporation of China Limited, Ryobi Limited, United Company Rusal, Arconic Inc., Among others.

Tempered aluminum is known as cast aluminum. It is lightweight and is able to withstand high operating temperatures. The ability to cast complex shapes with low machining need is the major advantage of casting. Aluminum is preferred over steel and iron due to its superior mechanical properties. The corrosion resistant properties of aluminum make it extremely useful to make cans and vessels, which can be used to store food & beverages.

One of the major driving factors for aluminum casting market growth is the lightweight property of aluminum that contributes toward major cost savings in the automobile and aerospace industries. It is also used in construction, industrial, electrical, kitchenware, and many other sectors. A major challenge hindering market growth is the high cost of aluminum coupled with the cyclic rise and ebb of the automotive industry.

Aluminum Casting Market Taxonomy:

On the basis of casting process, the aluminum casting market is classified into:
Die Casting
Gravity Die Casting
High Pressure
Low Pressure
Permanent Mold Casting
Sand Casting
Squeeze Casting
On the basis of end-use industry, the aluminum casting market is classified into:
Transportation & Automotive
Cars & LCV
Other Transport
Aerospace
Building & Construction
Industrial
Others

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Die casting process is used for high volume production of aluminum. Great finish can be obtained by this process, hence requiring minimum machining. Aluminum molded in permanent mold casting is stronger than sand and die casting processes. Whereas, sand casting is economic for small quantities.

The automobile and aerospace industries are the largest end users. Aluminum’s lightweight and high strength properties make it a prime commodity in these industries.

Aluminum Casting Market Outlook:

Asia Pacific is the largest market for aluminum casting. This is due to the presence of some of the largest aluminum producing countries in this region. China, Australia, UAE, and India make up four of the top five aluminum producing countries in the world. The burgeoning automobile sector and proximity to the source have boosted the aluminum casting industry. 

Europe and North America are the next largest markets due to the presence of lucrative automobile industry and major airline manufacturing companies such as Airbus, Boeing, Cessna, and Bombardier in these regions. Raw material aluminum is mainly imported from Asia Pacific and engineered as per needs on site

Africa is a nascent market for aluminum with lower production as compared to other regions. The largest producer in the region is Guinea. Consumption in the region is low and most of the manufactured aluminum is exported

Aluminum Corporation of China Limited (CHALCO) agreed to buy 40% shares in Chinalco Shangai in 2017. This acquisition further consolidates its position in the region. It is the third largest alumina producer in the world.

Some of the major players in the aluminum casting market are Alcoa Corporation, Aluminum Corporation of China Limited, Ryobi Limited, United Company Rusal, Arconic Inc., China Hongqiao Group Limited, Gibbs Die Casting Corp, Rio Tinto, Dynacast Charlotte, and Nemak S.A.B. de C.V. among others.

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