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What fueled the previous growth in the aluminum casting market?

The market size of aluminum casting has seen significant expansion in the past few years. Its growth will continue, rising from $69.78 billion in 2024 to $75 billion in 2025 with a compound annual growth rate (CAGR) of 7.5%. The growth during the historical period is due to speedy economic growth, higher infrastructure expenditure, increased demand for sustainable and eco-friendly building materials, as well as increased urbanization and upsurge in industrialization.

What will be the aluminum casting market size in the future?

In the following years, the size of the aluminum casting market is anticipated to witness substantial expansion. It is projected to escalate to $101.95 billion in 2029, with a compound annual growth rate (CAGR) of 8.0%. This upward trend during the projection period is largely due to factors such as the surge in electric vehicle production, developments in renewable energy infrastructure, emphasis on a circular economy, increase in demand for lightweight and easy-to-assemble building materials, and infrastructure advancement. Key trend forecasts include progress in casting techniques, the amalgamation of additive manufacturing, evolution in alloy formulations, customization coupled with design intricacy, and the advent of digitalization in casting simulations.

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What main drivers are fueling expansion in the aluminum casting market?

The increase in need within the automotive industry is fueling expansion in the aluminum casting market. A car, also typically referred to as a motor vehicle, is a four-wheeled mode of transport primarily engineered for carrying passengers, and it operates on an internal combustion engine powered by flammable fuel. At present, over half of the distinct parts in cars like transmission casings and pistons are constructed from aluminum casting. There has been a steady rise in the global manufacture of motor vehicles, opening up new possibilities for market spread globally. For example, in May 2023, the European Automobile Manufacturers Association, a Belgian car manufacturing organization, reported that in 2022, global motor vehicle production escalated to 85.4 million units, marking a significant 5.7% rise from 2021. Additionally, in February 2022, Brand Finance plc, a UK-based brand valuation firm, noted that in 2022, the automotive field accomplished roughly 78 million unit sales, a sizeable 10% increase. Consequently, the burgeoning demand for aluminum items in the automotive industry is spurring the development of the aluminum casting market.

What key areas define the segmentation of the global aluminum casting market?

The aluminum casting market covered in this report is segmented – _x000D_

_x000D_

1) By Process: Die Casting, Sand Casting, Permanent Mold Casting_x000D_

2) By End-User: Transportation sector, Building and Construction sector, Industrial sector, Other End-Users_x000D_

_x000D_

Subsegments:_x000D_

1) By Die Casting: High-Pressure Die Casting, Low-Pressure Die Casting, Vacuum Die Casting_x000D_

2) By Sand Casting: Green Sand Casting, Resin Sand Casting, Shell Mold Casting _x000D_

3) By Permanent Mold Casting: Gravity Permanent Mold Casting, Pressure Permanent Mold Casting

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Who are the dominant players expanding their reach 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.

How are evolving market trends shaping aluminum casting Strategies?

Collaborations between businesses are becoming an increasingly important trend in the aluminum casting sector. Companies that produce aluminum goods are forming alliances to create novel technologies and products in response to the escalating demand for inventive aluminum casting products from diverse end users. To illustrate, Constellium SE, a British firm specializing in aluminum products, solutions, and recycling, teamed up with TESEM Group, a Spanish company that produces high-end metal packaging, in September 2024. Their joint initiative “Closing the Loop” aims to foster sustainable manufacturing of aluminum through the establishment of a closed-loop system for recycling high-purity aluminum. Tesem has made investments to upgrade its machinery for efficient cleaning and processing of aluminum scrap. Both companies’ R&D departments have collaborated to ensure the scrap meets rigorous quality measures and to modify casting parameters to accommodate growing volumes of recycled materials.

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Which regions are emerging as leaders in the aluminum casting market?

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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