Aluminum Casting Market Competitive Dynamics and Global Industry Outlook 2017 - 2025
The aluminum casting market is witnessing considerable growth due to the advancements in technological capabilities and high efficiency of aluminum cast products. Demand for aluminum casting is high from OEM as aluminum is preferred over iron and steel products in the transportation. High investments in R&D and technology upgrade techniques undertaken by major OEMs, auto manufacturers and related suppliers are key factors driving the demand for cast aluminum products. Stringent emissions regulations enacted by government are driving the demand for aluminum, as vehicle weight is a key to meet these regulations. However, factors such as requirement of high capital investments, significant plant construction or expansion and high cost of labor are hampering the market.
Request For Report Table of Content (TOC): https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=31241
Based on raw material, the market can be segmented into pure aluminum and alloy aluminum. An alloy offers different physical properties than the elements it is made up of. Aluminum in its pure form is not considered useful as it has low tensile strength. However, when mixed with other elements, the alloys of aluminum exhibit remarkable improvement in mechanical properties. Pure aluminum is employed in the electronic industry in the production of semi-conductor modules.
Considering the various processes used for casting aluminum products the aluminum casting market can be classified into die casting, permanent mold casting, sand casting and others including centrifugal castings and lost wax castings. In terms of application the market can be segmented into transportation, industrial, electrical & electronics, construction and others.
Increase in industrial automation in the aluminum die-casting industry has boosted productivity due to highly durable cast parts that require minimum machining and finishing. The die-castings segment has been expanding in transportation and industrial sectors. It is anticipated to increase significantly in in the near future as aluminum die casted products lower the overall weight of the vehicle thereby reducing fuel consumption and improving the performance of the vehicle. Aluminum die-casted power train and engine areas is the one important way in which OEM’s could achieve this. This is one of the major reasons for the predicted growth in transportation sector and die -castings as well Aluminum permanent mold casting is used more widely than sand casting as dispensable mold is employed in the latter. The word permanent does not mean that the molds last forever. In fact, the service life of the mold depends largely on the pouring temperature, the material of the mold and complexity of the component being cast. These factors are driving the usage of die casting for producing aluminum cast products.
Request For Report Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=31241
In terms of geography, Asia-Pacific is anticipated to lead the global aluminum casting market. Rise in population in Asia-Pacific is anticipated to increase the demand for vehicles for transportation thereby boosting the demand for aluminum casted products. North America and Europe are anticipated to be the major regions of the aluminum casting market due to the advanced manufacturing capabilities. Latin America and Middle East & Africa is the emerging hubs of the aluminum casting market.
Key players operating in the aluminum casting market include Alcast Technologies, Alcoa, Aluminum Corporation of China Limited (Chalco), Gibbs Die Casting, Bodine Aluminum, Fairfield Aluminum Casting Company (FALCO) and China Hongqiao Group Limited.
Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers.
We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Transparency Market Research
90 State Street, Suite 700, Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aluminum Casting Market Competitive Dynamics and Global Industry Outlook 2017 - 2025 here
News-ID: 803529 • Views: 89
More Releases from Transparency Market Research
Wearable EEG Devices Market: Growing incidences of Neurovascular Disorders is Dr …
According to new market research titled 'Wearable EEG Devices Market to 2027 - Global Analysis and Forecasts by Channel and Application.' The global wearable EEG devices market is expected to reach US$ 1,556.35 Mn in 2027 from US$ 745.05 Mn in 2018. The market is projected to grow with a CAGR of 8.7% from 2019-2027. The report provides trends prevailing in the global wearable EEG devices market and the factors
Decentralized Electricity Generation Market - Global Industry Analysis, Share, G …
Global Decentralized Electricity Generation Market: Overview With the increasing installation of smart grids and the rising number of electricity generation resources, the power generation industry has been undergoing a significant change over the recent past. The modification in the grid structure, which permits decentralization of electricity generation, is acting as the main driving force behind the substantial growth of the global market for decentralized electricity generation. The main objective of this research
Global Sucralose Market Outlook In The Developed And Emerging Industry
Sucralose Market Overview Sugar substitute market is witnessing an increasing demand driven by the increasing sales of various sugar substitutes such as natural sweeteners and artificial sweeteners. Sucralose, an artificial sweetener used as a sugar substitute is highly preferred by consumers owing to its zero calorie attribute. Though sucralose is 600 times sweeter than sugar but interestingly it is not identified as the carbohydrate by the human body. Sucralose has its
Flavored Syrup Market - Growth Powered with Latest Development Scenario & Influe …
Flavored Syrup Market Introduction Global syrup market is witnessing a significant demand generated by the food and beverage industry. Consumers' increasing preference for different and personalized flavors in food has driven the syrup manufacturers to produce a wide range of flavored syrups. Flavored syrups contain artificial or natural flavorings mixed along with sugar and water. Obtain Report Details @ https://www.transparencymarketresearch.com/flavored-syrup-market.html Increasing demand of flavored syrups especially among the consumers contributes to the
More Releases for Aluminum
Aluminum Wire Market Is Booming Worldwide | Kaiser Aluminum, Baotou Aluminium
HTF MI recently introduced Global Aluminum Wire Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Kaiser Aluminum, Baotou Aluminium, Vimetco, UC RUSAL, Southwire, Alro, Hydro, Southern
High Purity Aluminum Target Market
https://www.qandqmarketresearch.com/reports/7273640/high-purity-aluminum-target-market-80 The High Purity Aluminum Target market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for High Purity Aluminum Target. This report presents the worldwide High Purity Aluminum Target
Aluminum Alloys Market 2024 Global Players Alcoa, United Company Rusal, Aluminum …
Aluminum alloys market, based on product types, is segmented into wrought and cast alloys. Wrought alloys will likely have a considerable share owing to its superior strength and lighter weight than cast alloys. They find major applications in the automotive and aerospace industries. Aluminum alloys market application segments are categorized into construction, transportation, packaging, electrical, machinery, and others including consumer goods, etc. Construction industry, driven by the increasing need for
Aluminum Mining Market
Global Aluminum Mining Market: Overview The extensive use of aluminum in multifarious applications over several industries is likely to bolster growth of the global aluminum mining market. The report discusses the major developments, restraints, growth drivers, and opportunities in the global aluminum mining market. The major market players have been discussed in detail, wherein their key market strategies, product portfolios, and market shares are revealed. The report also sheds light on value
Global Aluminum Lithium Alloys Market - Constellium, Aleris, FMC, Southwest Alum …
Report covers Aluminum Lithium Alloys global sales and global Aluminum Lithium Alloys market growth rate [2011 to 2021]. Below is the list of some key points of Aluminum Lithium Alloys market report. The Apex Market research study convey remarkable naturalistic facts and statistics of the worldwide Aluminum Lithium Alloys market. The report presents a deep study of the market growth factors and drivers. In-depth research of the Aluminum Lithium Alloys Market
Global Anodized Aluminum Extrusions Market 2017 - Sapa, SAF Southern Aluminum Fi …
The Anodized Aluminum Extrusions Market 2017 examines the performance of the Anodized Aluminum Extrusions market, enclosing an in-depth judgment of the Anodized Aluminum Extrusions market state and the competitive landscape globally. This report analyzes the potential of Anodized Aluminum Extrusions market in the present as well as the future prospects from various angles in detail. The Global Anodized Aluminum Extrusions Market 2017 report includes Anodized Aluminum Extrusions industry volume, market Share,