Asia Pacific Metal Casting Market Forecast to 2030 - Regional Analysis - by Product Type, Process, and Application

Description

List of Tables

The Asia Pacific metal casting market was valued at US$ 97,726.15 million in 2022 and is expected to reach US$ 1,55,214.79 million by 2030; it is estimated to grow at a CAGR of 6.0% from 2022 to 2030.

Rising Demand for Lightweight Materials Fuels the Asia Pacific Metal Casting Market

The rising demand for lightweight materials is a key opportunity influencing the growth and evolution of metal casting market. Industries such as automotive, aerospace, and even certain segments of consumer goods are increasingly prioritizing materials that offer high strength while being lighter in weight. This shift is primarily driven by the need to enhance fuel efficiency, reduce emissions, and improve overall performance.

Metal casting techniques play a crucial role in meeting this demand for lightweight materials by offering the ability to produce intricate and complex components from alloys like aluminum, magnesium, and their composites. These alloys possess favorable characteristics such as high strength-to-weight ratios, corrosion resistance, and excellent formability, making them ideal for applications requiring reduced weight without compromising structural integrity.

In the automotive sector, for instance, lighter metal cast components, particularly engine parts and structural elements, contribute to enhanced fuel efficiency and better overall vehicle performance. Similarly, in the aerospace industry, utilizing lightweight metal castings in aircraft components helps reduce fuel consumption and increases payload capacity.

The metal casting market's response to this demand involves continuous research and development into innovative alloys, casting processes, and technologies to optimize lightweight materials' properties and performance.

Asia Pacific Metal Casting Market Overview

Asia Pacific countries such as China and Japan are amongst the world's top five countries in manufacturing of machines tools. Further, Asia Pacific is home to major and automobile players across the world, including Toyota Motor Corporation; Tata Motors Ltd.; Hyundai Motor Company; Nissan Motor Co., Ltd.; and Honda Motor Co., Ltd. These companies are focused on expansion, research and development, and product innovation.

According to a report published by the China Passenger Car Association, in 2022, Tesla Inc delivered 83,135 made-in-China electric vehicles, indicating growth in sales of electric vehicles from 2021. As per the data published by The European Automobile Manufacturers' Association (ACEA), in 2022, the countries in Asia Pacific produced ~48.67 million units of motor vehicles. Hence, the demand for battery electric vehicles is increasing in Asia Pacific. In addition, machinery, and equipment (M&E) industry is one of the catalytic subsectors to spur the economic development in Asia. Asia is famous for producing industrial machinery, including CNC machines, lathes, and metalworking equipment. Thus, growth in end-use industries such as manufacturing, and automotive industries are expected to create favorable business opportunities for the metal casting market during the forecast period.

Asia Pacific Metal Casting Market Revenue and Forecast to 2030 (US$ Mn)

Asia Pacific Metal Casting Market Segmentation

The Asia Pacific metal casting market is segmented into product type, process, application, and country.

Based on product type, the Asia Pacific metal casting market is segmented into carbon steel alloys, stainless steel alloys, aluminum alloys, grey iron, ductile iron, and others. The grey iron segment held the largest market share in 2022.

Based on process, the Asia Pacific metal casting market is divided into sand casting, investment casting, gravity die casting, and others. The sand casting segment held the largest market share in 2022.

Based on application, the Asia Pacific metal casting market is segmented into automotive, aerospace, marine, textile, building and construction, oil and gas, industrial machinery, and others. The automotive segment held the largest market share in 2022.

Based on country, the Asia Pacific metal casting market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific metal casting market share in 2022.

Alcoa Corp, ArcelorMittal SA, Lucchini RS SpA, MEDEKO CAST Sro, Posco Holdings Inc, and Tycon Alloy Industries (HongKong) Co Ltd are some of the leading companies operating in the Asia Pacific metal casting market.

Product Code: BMIRE00029331

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness
- 2.2.1 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Asia Pacific Metal Casting Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers:
- 4.3.2 Manufacturers:
- 4.3.3 Distributors or Suppliers:
- 4.3.4 End Use Industry:
4.4.................................................................................. List of Vendors in the Value Chain

5. Asia Pacific Metal Casting Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growing Automotive and Construction Industry
- 5.1.2 Rising Demand for Industrial Machineries
5.2 Market Restraints
- 5.2.1 Availability of Metal Casting Alternatives
5.3 Market Opportunities
- 5.3.1 Rising Demand for Lightweight Materials
5.4 Future Trends
- 5.4.1 Advancements in Casting Technologies
5.5 Impact Analysis

6. Metal Casting Market - Asia Pacific Market Analysis

6.1 Asia Pacific Metal Casting Market Volume (Kilo Tons)
6.2 Asia Pacific Metal Casting Market Revenue (US$ Million)
6.3 Asia Pacific Metal Casting Market Forecast and Analysis

7. Asia Pacific Metal Casting Market Analysis - Product Type

7.1 Carbon Steel Alloys
- 7.1.1 Overview
- 7.1.2 Carbon Steel Alloys Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.2 Stainless Steel Alloys
- 7.2.1 Overview
- 7.2.2 Stainless Steel Alloys Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.3 Aluminum Alloys
- 7.3.1 Overview
- 7.3.2 Aluminum Alloys Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.4 Grey Iron
- 7.4.1 Overview
- 7.4.2 Grey Iron Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.5 Ductile Iron
- 7.5.1 Overview
- 7.5.2 Ductile Iron Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.6 Others
- 7.6.1 Overview
- 7.6.2 Others Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)

8. Asia Pacific Metal Casting Market Analysis - Process

8.1 Sand Casting
- 8.1.1 Overview
- 8.1.2 Sand Casting Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Investment Casting
- 8.2.1 Overview
- 8.2.2 Investment Casting Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Gravity Die Casting
- 8.3.1 Overview
- 8.3.2 Gravity Die Casting Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Others
- 8.4.1 Overview
- 8.4.2 Others Market, Revenue and Forecast to 2030 (US$ Million)

9. Asia Pacific Metal Casting Market Analysis - Application

9.1 Automotive
- 9.1.1 Overview
- 9.1.2 Automotive Market, Revenue, and Forecast to 2030 (US$ Million)
9.2 Aerospace
- 9.2.1 Overview
- 9.2.2 Aerospace Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Marine
- 9.3.1 Overview
- 9.3.2 Marine Market Revenue and Forecast to 2030 (US$ Million)
9.4 Building and Construction
- 9.4.1 Overview
- 9.4.2 Building and Construction Market Revenue and Forecast to 2030 (US$ Million)
9.5 Oil and Gas
- 9.5.1 Overview
- 9.5.2 Oil and Gas Market Revenue and Forecast to 2030 (US$ Million)
9.6 Industrial Machinery
- 9.6.1 Overview
- 9.6.2 Industrial Machinery Market Revenue and Forecast to 2030 (US$ Million)
9.7 Others
- 9.7.1 Overview
- 9.7.2 Others Market Revenue and Forecast to 2030 (US$ Million)

10. Asia Pacific Metal Casting Market - Country Analysis

10.1 Overview
- 10.1.1 Asia Pacific Metal Casting Market Revenue and Forecasts and Analysis - By Countries
  - 10.1.1.1 Asia Pacific Metal Casting Market Breakdown by Country
  - 10.1.1.2 Australia: Asia Pacific Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
  - 10.1.1.3 Australia: Asia Pacific Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.1.1.3.1 Australia: Asia Pacific Metal Casting Market Breakdown by Product Type
    - 10.1.1.3.2 Australia: Asia Pacific Metal Casting Market Breakdown by Product Type
    - 10.1.1.3.3 Australia: Asia Pacific Metal Casting Market Breakdown by Process
    - 10.1.1.3.4 Australia: Asia Pacific Metal Casting Market Breakdown by Application
  - 10.1.1.4 China: Asia Pacific Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
  - 10.1.1.5 China: Asia Pacific Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.1.1.5.1 China: Asia Pacific Metal Casting Market Breakdown by Product Type
    - 10.1.1.5.2 China: Asia Pacific Metal Casting Market Breakdown by Product Type
    - 10.1.1.5.3 China: Asia Pacific Metal Casting Market Breakdown by Process
    - 10.1.1.5.4 China: Asia Pacific Metal Casting Market Breakdown by Application
  - 10.1.1.6 India: Asia Pacific Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
  - 10.1.1.7 India: Asia Pacific Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.1.1.7.1 India: Asia Pacific Metal Casting Market Breakdown by Product Type
    - 10.1.1.7.2 India: Asia Pacific Metal Casting Market Breakdown by Product Type
    - 10.1.1.7.3 India: Asia Pacific Metal Casting Market Breakdown by Process
    - 10.1.1.7.4 India: Asia Pacific Metal Casting Market Breakdown by Application
  - 10.1.1.8 Japan: Asia Pacific Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
  - 10.1.1.9 Japan: Asia Pacific Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.1.1.9.1 Japan: Asia Pacific Metal Casting Market Breakdown by Product Type
    - 10.1.1.9.2 Japan: Asia Pacific Metal Casting Market Breakdown by Product Type
    - 10.1.1.9.3 Japan: Asia Pacific Metal Casting Market Breakdown by Process
    - 10.1.1.9.4 Japan: Asia Pacific Metal Casting Market Breakdown by Application
  - 10.1.1.10 South Korea: Asia Pacific Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
  - 10.1.1.11 South Korea: Asia Pacific Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.1.1.11.1 South Korea: Asia Pacific Metal Casting Market Breakdown by Product Type
    - 10.1.1.11.2 South Korea: Asia Pacific Metal Casting Market Breakdown by Product Type
    - 10.1.1.11.3 South Korea: Asia Pacific Metal Casting Market Breakdown by Process
    - 10.1.1.11.4 South Korea: Asia Pacific Metal Casting Market Breakdown by Application
  - 10.1.1.12 Rest of Asia Pacific: Asia Pacific Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
  - 10.1.1.13 Rest of Asia Pacific: Asia Pacific Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.1.1.13.1 Rest of Asia Pacific: Asia Pacific Metal Casting Market Breakdown by Product Type
    - 10.1.1.13.2 Rest of Asia Pacific: Asia Pacific Metal Casting Market Breakdown by Product Type
    - 10.1.1.13.3 Rest of Asia Pacific: Asia Pacific Metal Casting Market Breakdown by Process
    - 10.1.1.13.4 Rest of Asia Pacific: Asia Pacific Metal Casting Market Breakdown by Application

11. Competitive Landscape

11.1 Heat Map Analysis By Key Players
11.2 Company Positioning & Concentration
11.3 Company Profitability Margin

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition

13. Company Profiles

13.1 Lucchini RS SpA
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Posco Holdings Inc
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 ArcelorMittal SA
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Alcoa Corp
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 MEDEKO CAST Sro
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Tycon Alloy Industries (HongKong) Co Ltd
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Novacast Ltd
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments

14. Appendix