Apr 25, 2019   SOURCE: BusinessWire

Global Aluminum Casting Market Size, Share & Trends Analysis 2019-2025 by End Use (Industrial, Transportation, Building & Construction), & Process (Permanent Mold, Die Casting) - ResearchAndMarkets.com

The "Aluminum Casting Market Size, Share & Trends Analysis Report By End Use (Industrial, Transportation, Building & Construction), By Process (Permanent Mold, Die Casting), And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.

The global aluminium casting market size is expected to reach USD 86.5 billion by 2025, registering a 9.1% CAGR during the forecast period.

The growth of aluminium content in automobiles and increasing demand from the building and construction sector in Asia Pacific are key factors driving the market.

Automobile manufacturers are under increasing pressure to meet regulatory requirements pertaining to the environmental impact of vehicles. Corporate Average Fuel Economy (CAFE) has doubled its target for average fuel-efficiency from 2012 to 2025 owing to increasing emission of greenhouse gases. Weight reduction in vehicles through the use of aluminium is set to play a crucial role in these conditions in order to meet regulatory requirements.

The building and construction sector in Asia Pacific is largely driven by developing countries in the region, such as China, India, Malaysia, and Indonesia. In 2018, the Malaysia residential and non-residential sector observed a growth of nearly 4.4% in real terms. Similarly, the building sector in Indonesia registered a growth of around 6.2% during the same timeline.

Environmental policy changes in China is projected to critically impact market growth over the coming years. The Chinese Ministry of Ecology and Environment launched a three-year action plan (2020 action plan) in June 2018 to curb pollution in the country. In line with this, the government is pursuing a winter policy that aims to reduce aluminium production from November to March every year until 2020. This has severely affected businesses of small and medium aluminium enterprises.

As per the China Non-Ferrous Industry Association, medium-sized aluminium smelters take a hit if prices of aluminium are as low as USD 2,206 per ton while complying with new pollution norms or policies. The current price scenario of aluminium in China reached nearly USD 1,988 per ton in the Shanghai Metal Exchange as of February 2019, hinting at the challenge the market faces.

Lightweight materials are becoming crucial in industries such as automotive, aviation/aerospace, and wind energy, and are likely to receive increasing attention in the coming years. In the automotive industry, demand for lightweight material is projected to grow at an unprecedented rate and its use in manufacturing is expected to double by 2030.

Carbon fiber is one of the lightweight materials with high potential across various applications. At present, the cost of carbon fiber is enormous as compared to other materials, which has restricted its use to premium products. However, the price is anticipated to decline over the next two decades, bringing carbon fiber significantly closer to aluminium in terms of accessibility to the average consumer.

Further key findings from the report suggest:

  • In terms of revenue, the die casting process segment is anticipated to reach USD 48.9 billion by 2025 at a predicted CAGR of 10.1%
  • Based on type, the high pressure die casting segment was pegged at 4,217.5 kilotons in 2018
  • By volume, the transportation end-use segment dominated the global market with a share of 59.0 % in 2018
  • Europe aluminium casting market is anticipated to reach USD 17.6 billion by 2025, emerging as the second largest regional market by revenue
  • In terms of revenue, Middle East and Africa is anticipated to witness a CAGR of 5.7% over the forecast period, fuelled by demand for casting products within the building and construction segment
  • Some of the key companies present in the market are Consolidated Metco, Inc.; Alcoa Corporation; Dynacast; Ryobi Ltd.; Endurance Technologies Limited; Walbro; and Alcast Technologies.

Key Topics Covered:

Chapter 1 Methodology & Scope

Chapter 2 Executive Summary

Chapter 3 Market Variables, Trends & Scope

3.1 Market outlook

3.1.1 Global Metal Casting Market Outlook

3.2 Penetration & growth prospect mapping

3.3 Industry value chain analysis

3.3.1 Raw material trends

3.3.2 Manufacturing Trends & Technology overview

3.3.3 Sales Channel analysis

3.4 Regulatory Framework

3.4.1 Effects of environmental policy change in China

3.5 Market Dynamics

3.5.1 Market Driver Analysis

3.5.1.1 Growing use of aluminium in automobile manufacturing

3.5.1.2 Increase in demand from building and construction sector in Asia Pacific

3.5.2 Market Restraint Analysis

3.5.2.1 High capital investment requirements

3.5.3 Industry Challenges

3.5.3.1 Replacement of aluminium with carbon fiber

3.6 Market - Business environment analysis

3.6.1 Industry Analysis - Porter's

3.6.2 PESTEL analysis

3.6.3 Major deals & Strategic Alliances Analysis

3.7 Market Entry Scenario

Chapter 4 Market: Process Type Estimates & Trend Analysis

4.1 Definition & Scope

4.2 Process Type Movement Analysis & Market Share, 2018 & 2025

4.3 Die Casting

4.3.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)

4.3.2 Pressure Die Casting

4.3.3 Others

4.4 Permanent Mold Casting

4.5 Others

Chapter 5 Market: End-Use Estimates & Trend Analysis

5.1 Definition & Scope

5.2 End-Use Movement Analysis & Market Share, 2018 & 2025

5.3 Transportation

5.4 Industrial

5.5 Building & Construction

5.6 Others

Chapter 6 Market: Regional Estimates & Trend Analysis

6.1 Regional Market Snapshot

6.2 List of Key Players, by Region, 2018

6.3 Regional Movement Analysis & Market Share, 2018 & 2025

6.4 North America

6.5 Europe

6.6 Asia Pacific

6.7 Central & South America (CSA)

6.8 Middle East & Africa (MEA)

Chapter 7 Market-Competitive Analysis

7.1 Key global players & recent developments & their impact on the industry

7.2 Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)

7.3 Vendor Landscape

7.3.1 List of key Players/Suppliers

7.3.2 List of Key End Users

7.4 Company Market Positioning

7.4.1 SWOT, by Top Public Companies

Chapter 8 Company Profiles

  • Walbro
  • Alcoa Corporation
  • Consolidated Metco, Inc.
  • Dynacast
  • Gibbs Die Casting Corporation
  • Ryobi Ltd.
  • Bodine Aluminum, Inc.
  • Martinrea Honsel Germany GmbH
  • Aluminum Corporation of China Limited
  • Alcast Technologies
  • Endurance Technologies Limited

For more information about this report visit https://www.researchandmarkets.com/r/nh8ks8