How Has the Aluminum Casting Market Performed and What is its Future Outlook?
The aluminum casting market size has witnessed robust growth recently. It swelled from $69.78 billion in 2024 to $75 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. This growth in the historic period was mainly driven by rapid economic growth, increased infrastructure spending, growing demand for eco-friendly and sustainable construction materials, escalating urbanization, and industrial growth.
The aluminum casting market size is projected to surge in the coming years, reaching $101.95 billion by 2029 at a CAGR of 8.0%. This growth can be attributed to the increased production of electric vehicles, development in renewable energy infrastructure, an intensified focus on circular economic models, burgeoning demand for lightweight and easy-to-install construction materials, and infrastructure development. Key trends likely to shape the market in the forecast period include advancements in casting technologies, integration of additive manufacturing, advancements in alloy development, enhanced customization and design, and increased digitalization in casting simulation.
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What is Driving the Growth of the Aluminum Casting Market?
The growing demand in the automobile industry is fueling growth in the aluminum casting market. The global production of automobiles has significantly increased year on year, thereby offering new prospects for market expansion worldwide. For example, the European Automobile Manufacturers Association reported in May 2023 that the global production of motor vehicles attained 85.4 million units in 2022, representing a remarkable increase of 5.7% compared to 2021. Furthermore, the automobile sector registered approximately 78 million unit sales in 2022, marking a significant 10% increase according to Brand Finance plc in February 2022. Thus, the escalating demand for aluminum products in the automobile industry is propelling the growth of the aluminum casting market.
What Are the Major Segments in the Aluminum Casting Market?
1) By Process: Die Casting, Sand Casting, Permanent Mold Casting
2) By End-User: Transportation sector, Building and Construction sector, Industrial sector, Other End-Users
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Who Are the Major Players in the Aluminum Casting Market?
Prominent 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.
What Are the Emerging Trends in the Aluminum Casting Market?
A key trend gaining traction in the aluminum casting market is the increasing partnerships between companies. Companies are collaborating to develop new technologies and products to meet the growing demand for innovative aluminum casting products from end customers. For example, in September 2024, Constellium SE partnered with TESEM Group to promote sustainable aluminum manufacturing through a project named Closing the Loop. This initiative’s primary aim is to create a closed-loop system for recycling high-purity aluminum.
Which is The Fastest Growing Region in the Aluminum Casting Market?
Asia-Pacific was the largest region in the aluminum casting market in 2024 and is expected to be the fastest-growing region in the forecast period. Regions covered in the aluminum casting market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Aluminum Casting Market Report 2025 Offer?
Aluminum casting is an industrial process where molten metal is poured into molds that are crafted in the shape of the final object. It is used in manufacturing aluminum products as part of a machine or product or as a component of industrial production. The Aluminum Casting Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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