StockNews.AI
AA
StockNews.AI
203 days

Aluminum Casting Industry Report 2025-2034: Alcoa Corporation, Aluminum Corporation of China, Alcast Technologies, Bodine Aluminum, and Consolidated Metco Dominate the Competitive Landscape

1. Aluminum casting market expected to grow from $69.78B in 2024 to $75B in 2025. 2. CAGR forecast of 7.5% driven by economic growth and urbanization. 3. Strong future growth projected to $101.95B by 2029, CAGR of 8%. 4. Rising automotive and construction demands will significantly drive aluminum casting growth. 5. Major companies expanding facilities in response to increasing market demands.

9m saved
Insight
Article

FAQ

Why Bullish?

Strong market growth aligns with AA's core business in aluminum production.

How important is it?

The aluminum market expansion directly impacts AA's growth opportunities significantly.

Why Long Term?

Sustained demand for aluminum likely to improve AA's revenue over the years.

Related Companies

AAALCOCENXARO
Dublin, Jan. 28, 2025 (GLOBE NEWSWIRE) -- The "Aluminum Casting Market Report 2025" has been added to ResearchAndMarkets.com's offering.This Aluminum Casting market report covers market characteristics, size & growth, segmentation, regional & country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. The aluminum casting market size has grown strongly in recent years. It will grow from $69.78 billion in 2024 to $75 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to rapid economic growth, increased infrastructure spending, growing demand for sustainable and eco-friendly construction materials, increased urbanization, rise in industrialization.The aluminum casting market size is expected to see strong growth in the next few years. It will grow to $101.95 billion in 2029 at a compound annual growth rate (CAGR) of 8%. The growth in the forecast period can be attributed to increase in the production of electric vehicles, renewable energy infrastructure, increased focus on circular economy, growing demand for lightweight and easy-to-install construction materials, infrastructure development. Major trends in the forecast period include advancements in casting technologies, additive manufacturing integration, advancements in alloy development, customization and design complexity, digitalization in casting simulation.The automotive industry's burgeoning demand fuels expansion in the aluminum casting market. The rising demand in the construction sector is anticipated to drive the growth of the aluminum casting market in the future.Partnerships between companies are emerging as a significant trend in the aluminum casting market. For example, in September 2024, Constellium SE, a UK-based company specializing in aluminum products and solutions as well as aluminum recycling, formed a partnership with TESEM Group, a Spain-based manufacturer of metal luxury packaging, to promote sustainable aluminum manufacturing through a project called "Closing the Loop." This collaboration aims to establish a closed-loop system for recycling high-purity aluminum. TESEM has invested in upgrading its equipment to efficiently clean and process aluminum scrap. Additionally, the R&D teams from both companies have collaborated to ensure that the scrap meets strict quality standards and to modify casting parameters to accommodate larger quantities of recycled material.Prominent players within the aluminum casting market are strategically focusing on expanding their facilities to cater to escalating demand and drive revenue growth. An exemplar is Kingston Metals & Materials Inc. (KM&M-Aluminum), a US-based entity specializing in specialty aluminum alloys, products, and processes. In July 2023, the company initiated operations at a new aluminum facility located in Kingston, ON, Canada. KM&M-Aluminum integrates cutting-edge equipment, comprehensive analysis, and decades of expertise to create specialized aluminum alloys and products using advanced aluminum casting methodologies, consolidating these elements into a singular operational hub.In February 2024, ADC Aerospace, a US-based company specializing in precision die-casting products, acquired Cast Rite Metal Company for an undisclosed amount. This acquisition is aimed at enhancing the quality and scope of ADC Aerospace's product offerings while increasing its market penetration. By leveraging the existing manufacturing capabilities of Cast Rite Metal, ADC Aerospace seeks to drive growth in critical applications across various industries. Cast Rite Metal Company is recognized for its advanced die-casting and fabrication services, manufacturing both zinc and aluminum alloy die castings, and providing engineering, tooling, and other value-added operations.Asia-Pacific was the largest region in the aluminum casting market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aluminum casting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aluminum casting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain. Report Scope Markets Covered:1) By Process: Die Casting; Sand Casting; Permanent Mold Casting2) By End-User: Transportation Sector; Building and Construction Sector; Industrial Sector; Other End-UsersSubsegments:1) By Die Casting: High-Pressure Die Casting; Low-Pressure Die Casting; Vacuum Die Casting2) By Sand Casting: Green Sand Casting; Resin Sand Casting; Shell Mold Casting3) By Permanent Mold Casting: Gravity Permanent Mold Casting; Pressure Permanent Mold CastingKey Companies Profiled: Alcoa Corporation; Aluminum Corporation of China Limited; Alcast Technologies Ltd.; Bodine Aluminum Inc.; Consolidated Metco Inc.Time Series: Five years historic and ten years forecast.Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.Key Attributes Report AttributeDetailsNo. of Pages200Forecast Period2025-2029Estimated Market Value (USD) in 2025$75 BillionForecasted Market Value (USD) by 2029$101.95 BillionCompound Annual Growth Rate8%Regions CoveredGlobal The major companies featured in this Aluminum Casting market report include: Alcoa CorporationAluminum Corporation of China LimitedAlcast Technologies Ltd.Bodine Aluminum Inc.Consolidated Metco Inc.Dynacast International Inc.Gibbs Die Casting CorporationMartinrea Honsel Germany GmbHRyobi Ltd.Walbro Corp.China Hongqiao Group LimitedArconic Inc.Eagle Aluminum Cast Products Inc.American Aluminum Casting CompanyArchitectural Grille LLCSussman Architectural Products Inc.California Sealing Solutions Inc.P. Q. D. International Inc.A&B Die Casting Co. Inc.Zetwerk Pvt. Ltd.Aluminum Die Casting Company Inc.Casting Solutions Components S. A de CVRegensburger Druckgusswerk Wolf GmbHApppex GmbHPace Industries Pvt. Ltd.Craft Pattern & Mold Inc.Empire Die Casting Co.General Aluminum Mfg. CompanyHarrison Steel Castings Co.Intermet CorporationKurt Die CastingLaSalle Bristol Inc. For more information about this report visit https://www.researchandmarkets.com/r/iz8xyh About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Aluminum Casting Market Aluminum Casting Market Aluminum Casting Market

Related News