The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Aluminum Casting Global Market Report 2024 offers crucial insights into the aluminum casting market help businesses analyse and build stronger strategies.

Current Market Landscape and Growth Trends

• The aluminum casting market has witnessed robust growth in recent years.
• From $65.53 billion in 2023, the market is projected to reach $70.76 billion in 2024, with a CAGR of 8.0%.
• Factors contributing to this growth include rapid economic development, increased infrastructure spending, and the demand for sustainable construction materials.
• Urbanization and industrialization have further fueled market expansion.

Future Outlook: Strong Growth on the Horizon

• Forecasts indicate continued growth, with the market projected to reach $94.46 billion by 2028, boasting a CAGR of 7.5%.
• Key drivers for this expansion include the rise in electric vehicle production, renewable energy infrastructure, and a focus on the circular economy.
• Demand for lightweight construction materials and infrastructure development also contribute to this optimistic outlook.
• Notable trends in the forecast period include advancements in casting technologies, additive manufacturing integration, and digitalization in casting simulation.

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Driving Force: Automotive Industry

• The automotive sector significantly propels the aluminum casting market’s growth.
• Aluminum components, including transmission housings and pistons, are increasingly prevalent in vehicles.
• Global production of automobiles has seen a steady increase, creating opportunities for market expansion.
• Major players such as Alcoa Corporation, Aluminum Corporation of China Limited, and Dynacast International Inc. are actively contributing to market growth through innovation and production.

Strategic Partnerships Fuel Innovation

• Collaboration among companies is a prominent trend driving innovation in the aluminum casting market.
• Partnerships aim to develop new technologies and products to meet evolving consumer demands.
• Notable partnerships include Rio Tinto’s collaboration with Comptech to advance the semi-solid Rheocasting process, catering to industries like electric vehicles and 5G antennas.
• RUSAL’s acquisition of AluminumRheinfelden GmbH underscores the company’s commitment to innovation and expanding its global reach.

Market Segmentation

• The aluminum casting market is segmented by process into Die Casting, Sand Casting, and Permanent Mold Casting.
• End-users include the transportation sector, building and construction sector, industrial sector, and other industries.
• Asia-Pacific emerged as the largest region in 2023 and is expected to maintain its position as the fastest-growing region in the forecast period.

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The Aluminum Casting Global Market Report 2024  provides a comprehensive outlook of the aluminum casting market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aluminum casting market forecast offers a thorough analysis on aluminum casting market size, aluminum casting market share, prominent players and their strategies.

The Table Of Content For The Aluminum Casting Market Include:
1. Aluminum Casting Market Executive Summary
2. Aluminum Casting Market Segments
3. Aluminum Casting Market Size And Aluminum Casting Market Growth Rate
4. Key Aluminum Casting Market Trends
5. Major Aluminum Casting Market Drivers
……
25. Key Mergers And Acquisitions In The Aluminum Casting Market
26. Top Aluminum Casting Companies
27. Aluminum Casting Market Opportunities And Strategies
28. Aluminum Casting Market, Conclusions And Recommendations
29. Appendix

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