The aluminum casting market size is projected to grow from USD 70.4 billion in 2021 to USD 100.5 billion by 2026, at a CAGR of 7.4%
Aluminum Casting Market by Process, End-use Sector And Region – Global Forecast to 2026
Aluminum casting is a type of metalworking process that involves pouring liquid metal into a mold or form.Aluminum casting is a variation that uses only aluminum and aluminum alloys as the liquid metal that is poured into the mold.
Aluminum castings are used to make complex and detailed parts very efficiently.Traditionally, aluminum casting was achieved using a process called green sand casting.
This involved the use of wet sand in the creation of casting molds.As a method, it was efficient and cost-effective, but not without its drawbacks.
The die casting method of aluminum casting is ideal when large numbers of simple or complex castings are required. This casting process results in an aluminum casting with smoother surfaces and good dimensional accuracy. This means that less fettling and finishing of the finished product is required.
Die casting is the largest process segment of the aluminum casting market
The aluminum casting market is segmented on the basis of process into die casting, sand casting and permanent mold casting.The die casting process segment accounted for a larger market share.
Die casting is also projected to be the fastest-growing process segment. The growth in the die casting segment is attributed to the growing automobile industry, globally, as this technique is largely used in the manufacturing of automobile components such as engine blocks, wheel spacers, and transmission housing.
Transportation sector is the largest end-use segment of the aluminum casting market
The aluminum casting market is segmented on the basis of application into transportation sector, building & construction sector, industrial sector, and others.The transportation sector segment led the market in terms of both value and volume.
This growth is attributed to growing popularity of lightweight vehicles and better fuel efficiency in automobiles. Moreover, the growing global demand for lighter automobiles has led to the replacement of steel and iron parts with cast aluminum parts by automobile manufacturers.