Aluminum casting is a process of melting aluminum and injecting it into a hollow mold for obtaining required shape. It is a less expensive method of making aluminum into varied range of products. Aluminum casting offers several advantages such as high tensile strength and heat resistance, fine surface finish, corrosion resistance, lower density, and molded inserts. Die casting and permanent mold casting are the major process types for aluminum casting that find applications in a variety of industry verticals including transportation, industrial, building and construction, and others.
Die Casting: The Most Preferred Aluminum Casting Process
In 2016, the die casting segment accounted for 49.7% of the overall market share. Increasing usage of aluminum components in automotive sector will boost the segment growth over the forecast period (from 2017 to 2025). Several automotive components including gears, engine blocks, engine cylinders, wheel spacer, flywheel, and others are manufactured using die casting process. The products manufactured from this process have higher strength as they hardly have any joints. Furthermore, low cost and easy of production can also increasethe utilization of the die casting method. The permanent mold casting segment is also expected to show significant growth over the forecast period due to increasing demand for aluminum parts in industrial sector.
Many market players focus on new developments in order to gain maximum share. For example, Magna International Inc. recently announced the news about its expansion of aluminum casting services in Kamtek, Alabama. The expansion will include manufacturing process such as high-pressure aluminum casting that can be used for making lightweight vehicle parts. The High-pressure aluminum casting offers manufacturing of full structures in single piece by cutting vehicle mass without compromising performance. This will help to reduce CO2 emissions and reduce fuel consumption.
Market overview
According to a report by Grand View Research, Inc., the worldwide aluminum casting market is expected to attain USD 97.36 billion by 2025. Increasing use of aluminum instead of heavy metals like iron in automotive and construction industries can propel the market growth over the coming years. In addition, high demand for light-weight vehicles due to strict guidelines to reduce CO2 emissions can also boost the market development. Leading players operating in the market include ZF Friedrichshafen AG, Federal-Mogul LLC, Autoliv, Inc., Robert Bosch, and Akebono Brake Industry Co., Ltd.
In-Depth Research Report On Aluminum Casting Market:
https://www.grandviewresearch.com/industry-analysis/aluminum-casting-market
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