Aluminum Casting Market Size is Expected to Grow CAGR 6.3% By 2027 | Reports and Data

Reports and Data estimates the global Aluminum Casting competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2019-2027 as the forecast period. The report offers CAGR and market size for the global Aluminum Casting during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Gibbs Die Casting Corporation, Ryobi Ltd., Consolidated Metco Inc., Walbro, Alcoa Corporation, Martinea Honsel Germany GmbH, Aluminum Corporation of China Ltd., Alcast Technologies, Dynacast, Bodine Aluminum Inc.

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Aluminum Casting Overview :-

The Aluminum Casting market is forecasted to grow at a rate of 6.3% from USD 49.30 billion in 2019 to USD 78.02 billion in 2027. The growing use of aluminum in vehicles is expected to drive the market in the coming years due to high strength and lightweight. Aluminum through heat treatment can be easily personalized. Because of their useful characteristics, the automotive sector is using an aluminum casting method on a full scale. Strong infrastructure projects are also opening up opportunities for the casting industry in aluminum. Canned food and drinks are other markets dominated by aluminum casting.  The aluminum cans Quickly chill and have a highly impressible coating. Home appliances have also been benefitted from the aluminum properties. Its thermal properties make it suitable for refrigeration applications, while the lightweight allows easy movement and transportation of tools.

The growing use of lightweight materials in various end-user industries will be one of the leading market trends for casting aluminum that will have an impact on market growth over the forecast period. Lightweight materials are increasingly being used in industries such as aerospace and automotive. For many manufacturers looking to meet the demanding weight reduction targets without sacrificing on the performance, aluminum is quickly becoming the most preferred material.

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For the purpose of this report Reports and Data has segmented global Aluminum Casting market on the basis of type, application, and region:

Process Type Outlook (Revenue, USD Billion; 2017-2027)

  • Die Casting
  • Permanent Mold Casting
  • Sand Casting

End-user Outlook (Revenue, USD Billion; 2017-2027)

  • Transportation
  • Industrial
  • Buildings & Construction
  • Others

Sources Outlook (Revenue, USD Billion; 2017-2027)

  • Primary
  • Secondary

Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

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 Key Questions answered by the Report:

  • What is the expected year-on-year growth of the Aluminum Casting during the forecast period?
  • What key trends are expected influence revenue growth of the market going ahead?
  • Which region is expected to account for largest revenue share over the forecast period?
  • Which key companies are profiled in the report?

Thanks for reading our report. For more details on customization, please connect with us to know more and our team will ensure the report is well suited to your needs.

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About Reports and Data 

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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