Aluminum casting is a type of metalworking process that involves pouring liquid metal into a mold or form. Aluminum casting is a variation of this that uses only aluminum and aluminum alloys as the liquid metal that is poured into the mold. Aluminum castings are used to make complex and detailed parts very efficiently. The die casting process forces molten aluminum into a steel die (mold) under pressure. This manufacturing technique is normally used for high-volume production. Precisely formed aluminum parts requiring a minimum of machining and finishing can be produced through this casting method.
MARKET DYNAMICS
The aluminum castings market has witnessed significant growth due to rising of chemical industry. Moreover, despite steady demand from the automotive sector, the shift toward electrical provides a huge market opportunity for the key players operating in the aluminum castings market. However, research and development activities is projected to boost the overall growth of the aluminum castings market in the forecast period.
MARKET SCOPE
The "Global Aluminum Castings Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Aluminum castings market with detailed market segmentation process, end use industry, and geography. The global Aluminum castings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Aluminum castings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global Aluminum castings market is segmented on the basis of process and end use industry. On the basis of process, the global Aluminum castings market is divided into die casting, permanent mold casting, and others. On the basis of end use industry, the global aluminum castings market is divided into automotive, transportation, industrial, building & construction, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Aluminum castings market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Aluminum castings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Aluminum castings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Aluminum castings market in these regions.
MARKET PLAYERS
The reports cover key developments in the Aluminum castings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as purity launches, purity approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from Aluminum castings market is anticipated to lucrative growth opportunities in the future with the rising demand for Aluminum castings in the global market. Below mentioned is the list of few companies engaged in the Aluminum castings market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Aluminum castings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Alcoa Corporation
- Ryobi Limited
- Aluminum Corporation of China Limited
- Rio Tinto
- United Company Rusal
- China Hongqiao Group Limited
- Arconic Inc.
- Gibbs Die Casting Corp
- Nemak S.A.B. de C.V.
- Kaiser Aluminum
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