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Aluminum Casting Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

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Aluminum Casting Market report categorizes global market on the basis of casting process, and end-user industries - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025
Aluminum Casting Market - Global Industry Insights,
Trends, Outlook, and Opportunity Analysis, 2018-2026
Tempered aluminum is known as cast aluminum. It is lightweight and is able to withstand
high operating temperatures. The ability to cast complex shapes with low machining need is
the major advantage of casting. Aluminum is preferred over steel and iron due to its superior
mechanical properties. However, the high price of aluminum makes it necessary to mix it
with magnesium, iron, and copper. The corrosion resistant properties of aluminum make it
extremely useful to make cans and vessels, which can be used to store food & beverages.
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One of the major driving factors for aluminum casting market growth is the lightweight
property of aluminum that contributes toward major cost savings in the automobile and
aerospace industries. It is also used in construction, industrial, electrical, kitchenware, and
many other sectors. A major challenge hindering market growth is the high cost of aluminum
coupled with the cyclic rise and ebb of the automotive industry
Die casting process is used for high volume production of aluminum. Great finish can be
obtained by this process, hence requiring minimum machining. Aluminum molded in
permanent mold casting is stronger than sand and die casting processes. Whereas, sand
casting is economic for small quantities.
The automobile and aerospace industries are the largest end users. Aluminum’s lightweight
and high strength properties make it a prime commodity in these industries.
Aluminum Casting Market Outlook
Asia Pacific is the largest market for aluminum casting. This is due to the presence of some
of the largest aluminum producing countries in this region. China, Australia, UAE, and India
make up four of the top five aluminum producing countries in the world. The burgeoning
automobile sector and proximity to the source have boosted the aluminum casting industry.
Furthermore, there is currently a dearth of technical expertise in the aviation sector, but
robust technological innovations in China is expected to boost the aviation market as well.
For instance, in May 2017, China launched its first homemade jet known as C919
Europe and North America are the next largest markets due to the presence of lucrative
automobile industry and major airline manufacturing companies such as Airbus, Boeing,
Cessna, and Bombardier in these regions. Raw material aluminum is mainly imported from
Asia Pacific and engineered as per needs on sit
Latin America aluminum market has shrunken in recent years due to the slowdown of the
economy in the region. Moreover, rising power costs has forced companies to invest
elsewhere. According to the International Aluminum Institute (IAI), the regional production
rate has halved from 2.70 million tons a year in 2008 to 1.33 million tons in 2015
In the Middle East, the UAE and Bahrain are the major aluminum mining countries. The
largest aluminum producer in the Middle East region, Emirates Global Aluminum plans to
list the company on the local stock exchange in order to raise funds. The company is valued
at US$ 15 billion and seeks further investments to reduce the dependency of the kingdom on
hydrocarbon revenue
Africa is a nascent market for aluminum with lower production as compared to other regions.
The largest producer in the region is Guinea. Consumption in the region is low and most of
the manufactured aluminum is exported
Aluminum Corporation of China Limited (CHALCO) agreed to buy 40% shares in Chinalco
Shangai in 2017. This acquisition further consolidates its position in the region. It is the third
largest alumina producer in the world.
Some of the major players in the aluminum casting market are Alcoa Corporation, Aluminum
Corporation of China Limited, Ryobi Limited, United Company Rusal, Arconic Inc., China
Hongqiao Group Limited, Gibbs Die Casting Corp, Rio Tinto, Dynacast Charlotte, and
Nemak S.A.B. de C.V. among others.
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