Aluminum Casting Market
Aluminum casting is the technique of moulding 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.
The lightweight quality of aluminium, which contributes to considerable cost savings in the automobile and aerospace industries, is one of the primary driving factors for Aluminium Casting Market growth. Construction, industrial, electrical, kitchenware, and a variety of other industries use it. The high cost of aluminium, combined with the cyclic rise and fall of the automobile industry, is a key impediment to market expansion.
Market Segmentation:
By Process
- Die Casting
- Sand Casting
- Permanent Mold Casting
- Other
By End-Use Sector
- Transportation Sector
- Building & Construction Sector
- Industrial Sector
- Others
The greatest market for aluminum casting is Asia Pacific. This is attributable to the region's presence of some of the world's top aluminum producers. Four of the top five aluminum-producing countries are China, Australia, the United Arab Emirates, and India. The aluminum casting business has benefited from the growing vehicle industry and its proximity to the source. Furthermore, the aviation sector now lacks technical expertise, but China's significant technology advances are likely to improve the aviation business as well.
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.
