The aluminum casting Market valued for $72.9 billion in 2022 and is estimated to reach $124.9 billion by 2032, exhibiting a CAGR of 5.6% from 2023 to 2032.
Allied Market Research published a report, titled, "Aluminum Casting Market by Process (Die Casting, Sand Casting, and Permanent Mold Casting), by End user (Building and Construction, Industrial, Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032".
Access Full Summary Report: https://www.alliedmarketresearch.com/aluminum-casting-market-A06897
Prime determinants of growth
The global aluminum casting market is driven factors such as an increase in demand for construction development, rise in investments in building infrastructure, increasing disposable income, technological upgrades, spurring rise in original equipment manufacturers (OEMs), and wide utilization of aluminium castings in automotive sector. However, aluminum casting is an expensive process which in turn may restrain manufacturers with less investment potential to enter into aluminum casting market. On the contrary, increasing acceptance in electronics sector and rapid industrialization in both developed and developing economies are expected to offer remunerative opportunities for expansion of the aluminium casting market during the forecast period.
Leading Market Players: -
- Alcoa Corporation
- Bodine Aluminum
- BUVO Castings
- Consolidated Metco, Inc.
- Dynacast
- Rio Tinto
- RusAL
- RYOBI Aluminium Casting (UK) Ltd.
- Shandong Xinanrui Casting
- Walbro
