PUBLISHER: The Business Research Company | PRODUCT CODE: 1641492
PUBLISHER: The Business Research Company | PRODUCT CODE: 1641492
Aluminum casting is an industrial process that involves pouring molten metal into molds shaped to the final object. This procedure is utilized in the manufacturing of aluminum products, either as part of a machine or product, or for commercial industrial production, contributing to the creation of metal parts with specific details and quality.
The primary types of aluminum casting processes include die casting, sand casting, and permanent mold casting. The die casting market comprises sales of aluminum by entities (organizations, sole traders, and partnerships) referring to a manufacturing process where molten metal is poured to achieve desired shapes. Die casting is particularly used to enhance automotive fuel efficiency by reducing weight. Aluminum casting finds applications in various sectors, including transportation, building & construction, industrial, and others.
The aluminum casting market research report is one of a series of new reports from The Business Research Company that provides aluminum casting market statistics, including aluminum casting industry global market size, regional shares, competitors with an aluminum casting market share, detailed aluminum casting market segments, market trends, and opportunities, and any further data you may need to thrive in the aluminum casting industry. This aluminum casting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 8.0%. 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. With automobiles relying significantly on aluminum components-comprising over 50% of crucial parts like transmission housings and pistons-the global production of vehicles has consistently risen. Notably, in May 2023, the European Automobile Manufacturers Association reported a 5. 7% increase, reaching 85. 4 million units in 2022 compared to the previous year. Additionally, according to Brand Finance plc in February 2022, the sector achieved substantial growth with approximately 78 million unit sales. This surge in aluminum product demand within the automotive realm distinctly propels the aluminum casting market's growth.
The rising demand in the construction sector is anticipated to drive the growth of the aluminum casting market in the future. Construction involves the planning, designing, assembling, and building of physical structures, facilities, or infrastructure. Aluminum casting is valued in the construction industry for its durability, design flexibility, and cost-effectiveness, making it suitable for a variety of applications. For example, a report from Oxford Economics, a UK-based economic information services company, stated in March 2023 that construction activity is projected to grow from $9.7 trillion in 2022 to $13.9 trillion by 2037, primarily driven by significant construction markets in China, the US, and India. As a result, the increasing demand in the construction sector is contributing to the growth of the aluminum casting market.
Partnerships between companies are emerging as a significant trend in the aluminum casting market. Manufacturers of aluminum products are entering collaborations to develop new technologies and products in response to the rising demand for innovative aluminum casting solutions from various end customers. 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. Plant expansion denotes the strategic enhancement of existing manufacturing or operational facilities to bolster production capabilities in response to increased market needs. 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.
Major companies operating in the aluminum casting market include Alcoa Corporation, Aluminum Corporation of China Limited, Alcast Technologies Ltd., Bodine Aluminum Inc., Consolidated Metco Inc., Dynacast International Inc., Gibbs Die Casting Corporation, Martinrea Honsel Germany GmbH, Ryobi Ltd., Walbro Corp., China Hongqiao Group Limited, Arconic Inc., Eagle Aluminum Cast Products Inc., American Aluminum Casting Company, Architectural Grille LLC, Sussman 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 CV, Regensburger Druckgusswerk Wolf GmbH, Apppex GmbH, Pace Industries Pvt. Ltd., Craft Pattern & Mold Inc., Empire Die Casting Co., General Aluminum Mfg. Company, Harrison Steel Castings Co., Intermet Corporation, Kurt Die Casting, LaSalle Bristol Inc.
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.
The aluminium casting market includes revenues earned by entities by producing accurately, defined, smooth and textured-surfaced metal parts. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Aluminum Casting Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on aluminum casting market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for aluminum casting ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The aluminum casting market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and 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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.