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Aluminum Casting Market Research Report By Application, By End User

12-22-2020 07:36 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent market insights

Aluminum Casting Market

Aluminum Casting Market

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. However, the high price of aluminum makes it necessary to mix it with magnesium, iron, and copper. 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.

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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 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

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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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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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