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/aluminum-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?id=55112121 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/aluminum-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 CastingMarket, 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 • Latin America https://www.marketsandmarkets.com/Market-Reports/aluminum-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/requestsample.asp?id=55112121 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/aluminum-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. https://www.marketsandmarkets.com/Market-Reports/aluminum-casting-market-55112121.html

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