Aluminum Casting Market 2022 Segmented by Product, Application, Key Players and Regional Analysis to 2030 | Kraton Corporation, Nouryon, Sasol Limited

Astute Analytica released a new market report on the Aluminum Casting Market. The in-depth study of the industry includes inputs, information, and data from primary and secondary sources that have been evaluated and verified by specialists in the target market.

Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.

The Global Aluminum Casting Market size was US$ 61.3 billion in 2021 and is forecast to reach US$ 108.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.

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Regional Insights:

As economies reopen and countries are lifting limitations, the US chemical industry is forecast for a significant recovery in 2022, which could boost plant utilization rates that were affected hard by the pandemic. In the United States, industrial production is forecast to increase by 5.5 percent in 2021 and 4.3 percent in 2022. Chemical volumes in the United States are forecast to rise 1.5 % in 2021 and 3.0% in 2022, while shipments to rise 8.0 % in 2021 and 2022, following a 13.5% drop in 2020.

The Asia Pacific region size value was 36.0% market share, maintaining the largest market share across all regions. As a result of the existence of critical developing economies such as China, India, and Japan in this region, recording the largest market share in the market. Paints and coatings, water treatment, personal care ingredients and cosmetics, electronics, agriculture, and other sectors employ chemicals throughout the Asia-Pacific area. For foreign investors, these places provide excellent investment options. China was the largest specialty chemical market in Asia in 2019, accounting for about 38.9% of the global market. India came in second with a 23.1% share of the total market.

COVID-19 Impact:

Almost every product people use has chemicals. Chemical businesses are functioning in a radically different paradigm as the effects of COVID-19 ripple over the globe and economic activity grinds to a standstill. There is a chasm in the demand for chemicals across end markets. The global supply networks disrupted, chemical companies' stock prices have taken major hits, and chemical manufacturer competitive orders have switched swiftly in the United States, the Middle East, China, and Europe.

Major Key Players in Aluminum Casting Market are:

Arkema SA
Arrmaz
BASF Corporation
Dupont De Nemours Inc.
Honeywell International Inc.
Huntsman Corporation
Kao Corporation
Ingevity Corporation
MartinreaHonsel Germany GmbH
Alcast Technologies Inc.
Kraton Corporation
Nouryon
Sasol Limited
Segmental Analysis:

The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Aluminum Casting Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.

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Segmentation Overview

By Product

Silicon
Iron
Copper
Magnesium
Zinc
By Method

Die Casting
Permanent Mold Casting
Investment Casting
Sand Casting
By Industry Application

Aerospace
Commercial Transport Planes
Airframes
Fuselages and Wings
Space Station Shuttles/Structures
Construction and Architecture
Power Grids and Electrical Transmission Lines
High Rise Buildings
Site Furnishings (Removable Bollard Applications)
Food and Beverage (cans)
Electrical and Electronics Equipment
Automotive
Lightweight Aluminum Frames
Body Panels
Engines
Sensor and Airbag Housings
Seat Belt Retractor Spools
Lock Barrels
Connectors for Autonomous Vehicles
Steering and Braking Systems
Others
Agriculture
Crankcase Housings
Others
By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
South Korea
ASEAN
Rest of Asia Pacific
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of South America
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