Aluminum Casting Market Projected to Reach 79.13 Billion USD by 2022 - PowerPoint PPT Presentation

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Aluminum Casting Market Projected to Reach 79.13 Billion USD by 2022

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[169 Pages] Aluminum Casting Market research report categorizes by Process (Die Casting, Permanent Mold Casting, Sand Casting), End-use Sector (Transportation, Industrial, Building & Construction), and Geography. – PowerPoint PPT presentation

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Title: Aluminum Casting Market Projected to Reach 79.13 Billion USD by 2022


1
MarketsandMarkets Presents
Aluminum Casting Market Projected to Reach 79.13
Billion USD by 2022
https//www.marketsandmarkets.com/Market-Reports/a
luminum-casting-market-55112121.html
2
The report "Aluminum Casting Market by Process
(Die Casting, Permanent Mold Casting, Sand
Casting), End-use Sector (Transportation,
Industrial, Building Construction), and Region
- Global Forecast to 2022", The aluminum casting
market size is estimated to grow from USD 55.56
Billion in 2017 to USD 79.13 Billion by 2022, at
a CAGR of 7.33. Browse 135 market data tables
and 32 figures spread through 169 pages and
in-depth TOC on "Aluminum Casting Market - Global
Forecast to 2022 Request FREE PDF Brochure
https//www.marketsandmarkets.com/pdfdownload.asp?
id55112121 Research Methodology The research
methodology used to estimate and forecast the
aluminum casting market begins with capturing
data on key vendor revenues through secondary
research and associations such as World Aluminum
Association, Aluminium Casters Association of
India (Alucast), and International Organization
of Motor Vehicle Manufacturers (OICA). The vendor
offerings are also taken into consideration to
determine the market segmentation. The bottom-up
procedure was employed to arrive at the overall
size of the global aluminum casting market from
the revenue of the key players. After arriving at
the overall market size, the total market was
split into several segments and subsegments,
which were then verified through primary research
by conducting extensive interviews with key
people such as CEOs, VPs, directors, and
executives. These data triangulation and market
breakdown procedures were employed to complete
the overall market engineering process and arrive
at the exact statistics for all segments and
subsegments.
https//www.marketsandmarkets.com/Market-Reports/a
luminum-casting-market-55112121.html
3
  • Scope of the Report
  • The research report segments the aluminum casting
    market into the following submarkets
  • Aluminum Casting Market, By Process
  • Die casting
  • Permanent mold casting
  • Sand casting
  • Aluminum Casting Market, By End-use
  • Transportation
  • Industrial
  • Building construction
  • Others (Household appliances, engineering tools,
    and telecom)
  • Aluminum Casting Market, By Region
  • North America
  • Europe
  • Asia-Pacific
  • Middle East Africa

https//www.marketsandmarkets.com/Market-Reports/a
luminum-casting-market-55112121.html
4
Industry Insights MarketsandMarkets projects
that the aluminum casting market size will grow
from USD 55.56 Billion in 2017 to USD 79.13
Billion by 2022, at an estimated CAGR of 7.33.
The aluminum casting market is witnessing
considerable growth due to advancements in
technology and high efficiency of aluminum
casting. The aluminum casting market has immense
opportunities as aluminum is preferred over iron
and steel products in the automobile industry
moreover, investments in the automobile industry
is growing, which will drive the demand for cast
aluminum products. On the basis of process, the
aluminum casting market is segmented into die
casting, permanent mold casting, and sand
casting. The die casting process is projected to
grow at the highest CAGR during the forecast
period. The dominant market position of the die
casting segment can be attributed to the
excellent efficiency and the economical nature of
the process that offers a broader range of shapes
and components than other casting techniques. Die
casting is extensively used in the automobile
sector for parts such as engine blocks, wheel
spacers, and valve covers. Request FREE Sample
Pages https//www.marketsandmarkets.com/requestsa
mple.asp?id55112121 In terms of value, the
transportation segment, by end-use, is projected
to grow at the highest rate during the forecast
period. This growth is attributed to the growing
demand for lighter automobiles globally, which
has led to the replacement of steel and iron
parts in automobiles with aluminum products. The
rising demand for aluminum cast products in the
transportation sector is attributed to the
growing popularity of lightweight vehicles with
better fuel efficiency.
https//www.marketsandmarkets.com/Market-Reports/a
luminum-casting-market-55112121.html
5
Industry Leaders   The global aluminum casting
market is dominated by players such Alcoa
Corporation (U.S.), Ryobi Limited (Japan),
Aluminum Corporation of China Limited  (China),
Rio Tinto (U.K.), United Company Rusal (Russia),
China Hongqiao Group Limited (China), Arconic
Inc. (U.S.), Gibbs Die Casting Corp (U.S.),
Dynacast Charlotte (U.S.), and Nemak S.A.B. de
C.V. (Mexico). These players adopted various
strategies such as new product and technology
launches, expansions investments, agreements
contracts, joint ventures, and mergers
acquisitions to develop the aluminum casting
market. Geographical Scenario   In 2016, the
Asia-Pacific market accounted for the largest
share of the global aluminum casting market,
followed by Europe and North America. However, as
the aluminum casting market in developed
countries is maturing, markets in developing
countries such as China, India, and Turkey are
projected to grow at a higher rate from 2017 to
2022. Asia-Pacific is projected to grow faster
than any other region-level market, owing to the
rapid expansion of applications such as
automobiles, heavy machinery, building
construction, and mass transportation. China and
India, among others, are investing in the
infrastructure and manufacturing industries,
which is expected to drive the transportation
sector in the region, and in turn, drive the
aluminum casting market as well. Currently,
Asia-Pacific is the largest market for aluminum
casting where India and China are the major
country-level markets. The Asia-Pacific aluminum
casting market is projected to register the
highest CAGR during the forecast period, as it is
the most widely populated region in the world,
and subsequently, witnesses a high growth trend
in the transportation and building construction
sectors. Characteristics such as lightweight and
strength of cast aluminum are the major factors
driving the rising demand for aluminum casting in
the region.

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luminum-casting-market-55112121.html
6
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