Soaring Demand Set to Propel Aluminum Casting Market to $98.05 Billion by 2029

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What Is the Expected CAGR for the Aluminum Casting Market Through 2025?
There has been a robust increase in the aluminum casting market size in past few years. The market, which was worth $69.78 billion in 2024, is estimated to rise to $73.64 billion in 2025 with a compound annual growth rate (CAGR) of 5.5%. The significant expansion during the historical period can be accredited to factors such as swift economic rise, escalated infrastructure expenditure, a surge in demand for sustainable and environmentally friendly building materials, heightened urbanization, and an increase in industrialization.

What's the Projected Size of the Global Aluminum Casting Market by 2029?
The market size for aluminum casting is anticipated to observe substantial growth in the coming years, expanding to $98.05 billion by 2029 with a compound annual growth rate (CAGR) of 7.4%. The accelerated growth during the forecasted period can be ascribed to the surge in electric vehicles' production, enhancement of renewable energy infrastructure, growing attention towards a circular economy, and an increasing need for lightweight and easily installable construction materials and infrastructure development. The forecasted period is anticipated to see significant trends such as improvements in casting technologies, integration of additive manufacturing, advancements in alloy creation, customization and sophisticated design, along with digital transformation in casting simulation.

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Top Growth Drivers in the Aluminum Casting Industry: What's Accelerating the Market?
The growth of the aluminum casting market is being fueled by increasing demand in the automotive sector. Automobiles, also commonly called cars or motorcars, are four-wheeled vehicles primarily designed for the conveyance of passengers. They function on an internal combustion engine that utilizes volatile fuel. As of now, over 50% of specific parts in automotive vehicles, like pistons and transmission housings, utilize aluminum casting. The global production of automobiles has been on a steady rise year after year, introducing new opportunities for global market growth. For example, the European Automobile Manufacturers Association, based in Belgium, reported that in 2022, global motor vehicles production hit 85.4 million units, representing a sizable gain of 5.7% relative to 2021. Moreover, in February 2022, Brand Finance plc, a UK-headquartered brand valuation firm, reported that the automotive sector saw about 78 million units sold in 2022, a significant 10% rise. Consequently, the accelerating demand for aluminum commodities in the automotive industry is driving the expansion of the aluminum casting market.

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What Trends Will Shape the Aluminum Casting Market Through 2029 and Beyond?
Collaboration between companies is an emerging trend influencing the aluminum casting market. Firms that manufacture aluminum goods are entering into partnerships to cultivate new technologies and products, satisfying the burgeoning demand for innovative aluminum casting products from diverse end consumers. For example, in September 2024, UK-based aluminum production firm Constellium SE joined forces with TESEM Group, a Spanish metal luxury packaging manufacturing entity, for a project labeled 'Closing the Loop'. Their cooperative effort aims to establish a self-contained system for recycling ultra-pure aluminum. Tesem has committed resources to improve its apparatus for efficiently cleaning and processing aluminum waste. The R&D departments of both corporations have cooperated to ensure that the waste matches rigorous quality norms and to modify casting specifications to fit increasing volumes of recycled content.

What Are the Main Segments in the Aluminum Casting Market?
The aluminum casting market covered in this report is segmented -

1) By Process: Die Casting, Sand Casting, Permanent Mold Casting
2) By End-User: Transportation sector, Building and Construction sector, Industrial sector, Other End-Users

Subsegments:
1) By Die Casting: High-Pressure Die Casting, Low-Pressure Die Casting, Vacuum Die Casting
2) By Sand Casting: Green Sand Casting, Resin Sand Casting, Shell Mold Casting
3) By Permanent Mold Casting: Gravity Permanent Mold Casting, Pressure Permanent Mold Casting

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Which Top Companies are Driving Growth in the Aluminum Casting Market?
Major companies operating in the aluminum casting market include Alcoa Corporation, Aluminum Corporation of China Limited, Alcast Technologies Ltd., Bodine Aluminum Inc., Consolidated Metco Inc., Dynacast International Inc., Gibbs Die Casting Corporation, Martinrea Honsel Germany GmbH, Ryobi Ltd., Walbro Corp., China Hongqiao Group Limited, Arconic Inc., Eagle Aluminum Cast Products Inc., American Aluminum Casting Company, Architectural Grille LLC, Sussman Architectural Products Inc., California Sealing Solutions Inc., P. Q. D. International Inc., A&B Die Casting Co. Inc., Zetwerk Pvt. Ltd., Aluminum Die Casting Company Inc., Casting Solutions Components S. A de CV, Regensburger Druckgusswerk Wolf GmbH, Apppex GmbH, Pace Industries Pvt. Ltd., Craft Pattern & Mold Inc., Empire Die Casting Co., General Aluminum Mfg. Company, Harrison Steel Castings Co., Intermet Corporation, Kurt Die Casting, LaSalle Bristol Inc.

Which Regions Will Dominate the Aluminum Casting Market Through 2029?
Asia-Pacific was the largest region in the aluminum casting market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aluminum casting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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