Aluminum Casting Market Projected to Reach US$ 125.7 Billion by 2031 | Alcoa Corporation, RYOBI Aluminum Casting (UK) Ltd., Rio Tinto.

The Aluminum Casting Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Aluminum Casting market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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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.

Aluminum casting is a manufacturing process where molten aluminum is poured into molds to create complex and precise components. This method is widely used in industries such as automotive, aerospace, and construction due to aluminum's lightweight, corrosion resistance, and strength. Common techniques include die casting, sand casting, and permanent mold casting. Aluminum casting enables the production of intricate shapes with high dimensional accuracy. Its recyclability further enhances its value, making it a sustainable choice for modern manufacturing needs.

Competitive Landscape

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as

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.

Key Developments:

❁ In 2024, Alcoa Corporation announced its partnership with global cable producer Nexans to provide aluminum produced using a revolutionary technology that eliminates all direct greenhouse gas emissions typically associated with traditional smelting. Nexans will be the first cable manufacturer to utilize aluminum made through the ELYSIS™ process, which replaces conventional greenhouse gas emissions with oxygen, significantly reducing environmental impact. This groundbreaking development is a major step toward sustainable manufacturing practices in the cable industry. The collaboration aligns with both companies' commitment to reducing carbon footprints and promoting cleaner, greener alternatives. Alcoa's ELYSIS™ process sets a new standard in environmentally responsible aluminum production.

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Market Segments

The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Aluminum Casting market has been segmented

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.

Research Process

Both primary and secondary data sources have been used in the global Aluminum Casting Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Regional Analysis for Aluminum Casting Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Aluminum Casting market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Aluminum Casting Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Aluminum Casting market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Aluminum Casting Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Aluminum Casting market?

➠ Who are the global key manufacturers of the Aluminum Casting Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Aluminum Casting market opportunities and threats faced by the vendors in the global Aluminum Casting Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Aluminum Casting market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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