The Aluminum Casting Market Report 2023 gives the technical and financial data of the market for the present and the foreseeable future. This report is one of the most thorough and significant additions to the Astute Analytica market research archive. It provides a thorough investigation and analysis of important facets of the world market. The supply and demand scenario, pricing set-up, profit margins, production, and market analysis are all examined in this study as major driving forces behind the worldwide Aluminum Casting Market expansion.
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The global aluminum casting market is projected to generate revenue of US$ 115.5 Bn by 2031, up from US$ 64.33 Bn in 2022, at a CAGR of 6.8% during the forecast period of 2023-2031. In terms of volume, the market is expected to record a CAGR of 6.1% over the projection period.
The report gives a thorough analysis of the Aluminum Casting Market, covering regional trends, market size, prospects for expansion, and important market factors in each region. In 2021, the United States Gross Domestic Product (GDP) value was US$ 23,315.08 billion, according to verified data from the World Bank. In terms of GDP, the United States accounts for 10.41% of the global economy. The mixed economy of the United States is very advanced. By nominal GDP, it has the largest economy in the world, and by purchasing power parity (PPP), it is second only to China in size.
The leading companies mentioned are
- Alcast Technologies Ltd
- Arkema SA
- Arrmaz
- BASF Corporation
- Dupont De Nemours Inc.
- Dynacast Deutschland GmbH
- Honeywell International Inc.
- Huntsman Corporation
- Ingevity Corporation
- Kao Corporation
- Kraton Corporation
- MartinreaHonsel Germany GmbH
- Nouryon
- Nouryon
- Other Prominent Players
The report also acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. It considers both the direct impact of the pandemic and the indirect influence on related industries. The observations on the pandemic’s impact are included in the report.
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Furthermore, the report divides geographical regions into several major categories for production, consumption, revenue (in US dollars), and market share analysis. It discusses the predicted growth of the market in these regions between 2021 and 2031.
The segmentation overview of the global Aluminum Casting Market includes
By Product:
- Silicon
- Iron
- Copper
- Magnesium
- Zinc
By Method:
- Die Casting
- Permanent Mold Casting
- Investment Casting
- Sand Casting
By Industry Application:
- Aerospace
- Commercial Transport Planes
- Airframes
- Fuselages and Wings
- Space Station Shuttles/Structures
- Commercial Transport Planes
- Construction and Architecture
- Power Grids and Electrical Transmission Lines
- High Rise Buildings
- Site Furnishings (Removable Bollard Applications)
- Food and Beverage (cans)
- Electrical and Electronics Equipment
- Automotive
- Lightweight Aluminum Frames
- Body Panels
- Engines
- Sensor and Airbag Housings
- Seat Belt Retractor Spools
- Lock Barrels
- Connectors for Autonomous Vehicles
- Steering and Braking Systems
- Others
- Agriculture
- Crankcase Housings
- Others
By Region:
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Western Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Argentina
- Brazil
- Rest of South America
Overall, Astute Analytica’s report on the global Aluminum Casting Market appears to be a comprehensive resource for businesses seeking to understand the current state of the market and its future growth prospects.
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