Global Aluminum Casting Market Report and Forecast 2024-2032

Aluminum Casting Market Size

The global aluminum casting market reached approximately USD 84.59 billion in 2023. The market is further projected to grow at a CAGR of 6.00% between 2024 and 2032, reaching a value of USD 142.91 billion by 2032.

Key Trends in the Market

Aluminum casting is a process for manufacturing high quality and high-performance parts by pouring molten aluminum into precisely engineered and designed molds. After the part is removed from the mold, a layer of aluminum oxide forms on it that provides protection against rust and corrosion.

• Technological advancements in casting methods such as sand casting and high and low pressure die casting along with the integration of digital technologies such as automation, artificial intelligence, and robotics are bolstering the operational efficiency of aluminum casting. This increase in efficiency is resulting in a rise in aluminum casting market demand.

• Rising environmental concerns and growing focus on sustainability has increased the adoption for eco-friendly manufacturing processes and products. The recyclable nature of aluminum helps in reducing both greenhouse gas emissions and energy consumption, catering to the rising demand for sustainable products.

• The growth of the automotive sectors is boosting the market expansion owing to the wide applications of aluminum casting in the production of transmission parts, engine components, and structural components, among others. These applications can be attributed to the lightweight, corrosion resistant, and high strength nature of the casting.

Aluminum Casting Industry Analysis

Based on process, the market is divided into die casting, sand casting, and permanent mold casting. By end use, the market is categorised into transportation, industrial, and building and construction, among others. On the basis of region, the aluminum casting market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Alcoa Corporation

• Walbro LLC

• Consolidated Metco, Inc.

• BUVO Castings BV

• Georg Fischer Ltd.

• RusAL

• Dynacast

• RYOBI Aluminium Casting (UK) Ltd

• Endurance Technologies Limited

• Gibbs

• RDW Wolf, GmbH

• Martinrea Honsel Germany GmbH

• Alcast Technologies

• Others

Market Share by Process

Die casting accounts for a significant aluminum casting market share due to their wide range of applications in various end user industries owing to their strong electrical and thermal conductivity, corrosion resistance property, and superior mechanical qualities. They also have high dimensional stability for parts that have thin walls and intricate geometries. The growth of the automotive sector is also boosting the demand for die casting as they are extensively used in the manufacture of various parts of a vehicle including valve covers, engine blocks, and wheel spacers, among others.

Market Share by Region

The Asia Pacific is expected to hold a significant share of the market owing to the rising aluminum casting demand from countries such as China, South Korea, and Japan. Due to the high dimensional stability, thermal resistance, and electrical conductivity of aluminum casting it is widely used in the electronics sector. Rapid expansion of manufacturing sectors such as electrical and electronics, transportation, building and construction, and industrial in India and China is further supporting the aluminum casting market growth in the Asia Pacific region.

Competitive Landscape of Aluminum Casting Market

Alcoa Corporation was founded in 1888 and is headquartered in Pennsylvania, United States. It is an aluminum company that is widely known for producing bauxite, aluminum, and alumina for various industries.

Walbro LLC is a manufacturing company that was founded in 1950 and is headquartered in Arizona, United States. The company specialises in small engine carburetion, which is commonly used on chains saws, line trimmers, and edgers.

Consolidated Metco, Inc. was established in 1964 and has its headquarters located in Washington, United States. The company develops aluminum castings, plastic components, brake drums, and standard hubs.

Other aluminum casting market players include BUVO Castings BV, Georg Fischer Ltd., RusAL, Dynacast, RYOBI Aluminium Casting (UK) Ltd, Endurance Technologies Limited, Gibbs, RDW Wolf, GmbH, Martinrea Honsel Germany GmbH, and Alcast Technologies, among others.

Key Highlights of the Report