Aluminum Casting Market Size, Share, Growth Insights and Report 2024-2031 | Rio Tinto, Arconic Inc, Dynacast International

Aluminum Casting Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Aluminum Casting market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Aluminum Casting market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Aluminum Casting Market reached US$ 70.5 billion in 2023 and is expected to reach US$ 125.7 billion by 2031, growing with a CAGR of 7.5% during the forecast period 2024-2031.

What is Aluminum Casting Market?

Aluminum casting is a manufacturing process in which molten aluminum is poured into a mold to create a desired shape or component. This method allows for intricate designs and precise dimensions, making it ideal for producing lightweight and durable parts used in various industries, including automotive, aerospace, and consumer goods. The casting process can be performed using various techniques, such as sand casting, die casting, and investment casting, each offering different advantages in terms of production volume, surface finish, and material properties. Once cooled and solidified, the cast aluminum parts can undergo further machining or finishing processes to meet specific application requirements.

Growth Driver

Rising Road Construction

Road construction and expansion activities in the developing world are anticipated to rise significantly, driven by increased infrastructure spending aimed at enhancing transportation and connectivity between major economic centers. This focus on road and highway development is crucial for improving overall economic performance in these regions.

For example, according to the India Brand Equity Foundation, the infrastructure sector has become a key priority for the Indian government. In March 2021, a project to reconstruct a vital road segment in Spain was awarded, with a budget of US$ 293.8 million covering a 70-kilometer stretch of the A4 roadway. Similarly, in May 2021, Brazil announced a major roadway agreement, with improvements to the highway projected to cost US$ 1.42 billion.

These new road developments are expected to enhance the road network in both urban and rural areas, subsequently driving up demand for asphalt modifiers. As countries invest in their infrastructure, the road construction sector is poised for significant growth, presenting opportunities for various industries involved in materials and technologies for road development.

Key Players:

Profiles of some of the major players in the global Aluminum Casting market, which include: Alcoa Corporation, RYOBI Aluminum Casting (UK) Ltd., Rio Tinto, Arconic Inc., Dynacast International, Endurance Technologies Ltd., Ryobi Die Casting, Consolidated Metco, Inc., BUVO Castings and Alcast Technologies.

Industry Development:

In 2024, Alcoa Corporation has announced that it will provide global cable producer Nexans with aluminum manufactured using a novel technology that eliminates all direct greenhouse gas emissions from traditional smelting. Nexans will be the first cable maker to use metal from the groundbreaking ELYSIS™ process, which substitutes all greenhouse gas emissions with oxygen.

In 2023, Rio Tinto intended to increase its Alma, Quebec smelter's capacity for producing low-carbon, high-value aluminum billets by 202,000 metric tons. The current casting facility will be expanded to include new cutting-edge equipment such as furnaces, a casting pit, coolers, handling, inspection, sawing and packing systems.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Aluminum Casting market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Process (Die Casting, Sand Casting, Investment Casting, Continuous Casting, Shell Molding, Lost-Foam Casting, Centrifugal Casting, Low-Pressure Casting, Permanent Mold Casting) By Alloy (A356, A360, A380, A383), By End-User (Automotive and Transportation, Industrial, Aircrafts, Agriculture, Military and Defence, Building and Construction, Others)

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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Key Features

➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.

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➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.

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➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.

➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.

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