The global aluminum casting market size valued USD 57.61 billion in 2021 and expected to reach USD 102.14 Billion by 2028, at a CAGR of 7.14% during the forecast period 2022 to 2028. Aluminum casting is the technique of molding liquid aluminum under high pressure into a die cavity to create simple to complicated items. The mold is manufactured with accuracy in the desired shape, size, quality, and finish surface. These are the lightest die-cast alloys, have the best surface polish, and can endure the highest working temperature of any die-cast alloy. Aluminum casting processes include core package casting, greensand casting, low pressure die casting, gravity die casting, low pressure dies casting, vacuum dies casting and high pressure dies casting. Aluminum casting has numerous applications in the end-use industries, including automobiles, networking and telecommunications, machine production, and electricity.
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Even with its inherent and diverse features of lightweight, strength to weight ratio, resistance to corrosion, temperature resistance, nontoxicity, and so on, aluminum plays a significant role in the modern world through a variety of uses. Aluminum is slowly replacing gunmetal, bronze, alloy steels, and numerous grey irons as well as malleable iron castings in the form of castings. The market's growth is influenced by changes in the automotive industry, also including lightweight automobiles and electric mobility. Aluminum has taken the role of cast iron. Aluminum is lighter than iron; it weighs 2.6 grams per cubic centimeter, which is significantly less than iron. As a result, aluminum is a better metal or material for use in lightweight vehicle production. The Asia Pacific region is expected to grow highest. This is owing to the advent of China and India as important automotive centers, with global firms transferring or increasing their bases inside this region, which has influenced regional and worldwide demand.
The global aluminum casting market segmentation:
- By Process: Sand Casting, Die Casting, and Permanent Mold Casting
- By End Use Sector: Industrial Sector, Building Construction Sector, Transportation Sector, and Others
The global Aluminum Casting Market was dominated by Asia-Pacific, led by North America And Europe. However, developed countries such as China, India, and Turkey are expected to grow quicker as the Aluminum Casting Market matures. The Asia-Pacific area is predicted to grow faster than any other market because to the rapid expansion of applications such autos, heavy machinery, infrastructure, and mass transit.
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There are some major players working in aluminum casting market, which include Alcoa Corporation, Rio Tinto, Aluminum Corporation of China Limited (Chalco), Gibbs Die Casting Corp, Arconic Inc., Ryobi Limited, United Company Rusal, Rockman Industries Ltd., Kaiser Aluminum, Dynacast Charlotte, Nemak, S.A.B. De C.V., China Hongqiao Group Limited, Martinrea Honsel
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