Global Aluminum Casting Market Size, Growth, Trends, Analysis and Forecast 2017-2021

According to a report available on Radiant Insights, Inc., the worldwide aluminum casting market is expected to display moderate growth by 2021. Aluminum casting components are utilized for manufacturing sub-assemblies of automobiles, trains, commercial marine vessels, space vehicles, and commercial and military airplanes. Additionally, they find application in industries such as construction, electrical and electronics, and mining.

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Gibbs Die Casting, one of the top providers of high quality aluminum die cast components, provides vacuum ladled, high- and ultra-high pressure die casting for industrial components in engines, transmission, steering wheel armatures, viscous clutch, air conditioning compressors, and commercial refrigeration.

The company has tailored heat-treating processes to fulfil specific requirements of customers. Destructive testing is essential for computing flexibility, strength, and other important properties of a casting. Parts are tested under vigorous conditions for determining compliance with specifications. Research also covers sampling, analyzing, and around-the-clock testing.

Increasing demand for lightweight and energy-efficient goods in numerous industries such as transport, industrial equipment, and consumer electronics can drive the aluminum casting market over the forecast period (2017 to 2021).

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However, volatile aluminum prices at the London Metal Exchange (LME) are likely to hamper market growth as unpredictability of material prices can affect profit margins of manufacturers.

Aluminum is the most suitable material for making automobile parts such as chassis, cylinder heads, and powertrain due to several benefits such as high sustainability, versatility, recyclability, and strength-to-weight ratio. The die casting segment is expected to lead the market by process due to increasing demand for lightweight and fuel-efficient vehicles. The medical and home appliance sectors will also gain much traction in terms of demand.

Asia Pacific has emerged as the leading market in terms of revenue. This growth is associated
with growing presence of major manufacturers and increasing use of aluminum casting in automobiles, construction, machinery, and electronic appliances.

Some of the leading companies operating in the market are Alcoa, Consolidated Metco, Dynacast, Gibbs Die Casting, and Ryobi.

Radiant Insights, Inc. provides a comprehensive review of market trends and estimates for global as well as major regional markets. It also provides insights on strategic activities of leading companies worldwide.

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Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

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