Global aluminum casting market is projected to register a steady CAGR in the forecast period of 2020 to 2027. The new market report contains data for the historic year 2018, the base year calculation is 2019 and the forecast period is 2020 to 2027.
In order to be able to fulfill rising demand, the chemical industry invests billions of dollars each year in new and sustaining capital. Chemicals and materials are omnipresent in contemporary life, therefore major changes will be required for chemical makers to function in a changing geopolitical environment on a global scale, either proactively or reactively. Chemical firms will probably need to prepare for difficulties in the upcoming year, such as global inflation and oil price instability.
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COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
Market Segmentation:
By Process (Expendable Mold Casting and Non-Expendable Mold Casting), By Source (Primary (Fresh Aluminium) and Secondary (Recycled Aluminium), By Application (Intake Manifolds, Oil Pan Housings, Structural Parts, Chassis Parts, Cylinder Heads, Engine Blocks, Transmissions, Wheels & Brakes, Heat Transfers and Others), By End-User (Automotive, Building And Construction, Industrial, Household Appliances, Aerospace, Electronic and Electrical, Engineering Tools and Others), By Geography (U.S., Canada and Mexico, Germany, U.K., France, Italy, Switzerland, Spain, Russia, Belgium, Netherlands, Turkey and Rest of Europe, China, Japan, South Korea, India, Singapore, Australia, Thailand, Malaysia, Indonesia, Philippines and rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel and Rest of Middle East and Africa), Market Trends and Forecast to 2027.
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Some of the major factors contributing to the growth of the global aluminum casting market:
? Increasing adoption of low density aluminum alloys in fuselage of aircrafts
? Growing usage of aluminum metal owing to increasing demand of HVAC system in commercial buildings
Market Players:
The key market players for global aluminum casting market are listed below:
– Alcoa Corporation
– Endurance Technologies Limited
– Ryobi Limited
– DyCast Specialties Corporation
– Consolidated Metco, Inc.
– Alcast Technologies
– Ningbo Beilun Create Mould Machine Co., Ltd
– Leggett & Platt, Incorporated
– Martinrea Honsel Germany GmbH
– GIBBS
– Dynacast
– Reliance Foundry Co. Ltd.
– Toyota Industries Corporation
– LA Aluminum
– TPi Arcade, drahtwerk elisental W. Erdmann GmbH & Co.
– Wagstaff Inc.
– Ningbo Innovaw Mechanical CO., LTD.
– Modern Aluminum Castings CO., INC.
– Pacific Die Casting Corp.
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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