19 September 2018: According to Grand View Research, Inc., the worldwide aluminum casting market is expected to attain USD 97.36 billion by 2025. Aluminum casting comprises application including transportation, industrial, building and construction, and others. Different casting process include die casting, permanent mold casting, and other.
On 21 March 2017, Chassix, Inc., an automotive provider of casting solutions, announced the it has completed the previously declared acquisition of lightweight aluminum low pressure business owned by BENTELER Automotive. The company consists of automated aluminum foundry in Farsund, Norway. It mainly produces safety critical components like sub swing arms, frames, steering, rear hubs, knuckles for luxury brands automotive manufacturers.
On 8 September 2017, Magna International Inc. announced the news about 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.
On February 7, 2018, SPARK MINDA, new company of Minda Corporation Limited. announced the inauguration the new Die Casting manufacturing plant at Pune, India. The new facility will include low pressure die casting with machining and aluminum gravity die casting for two-wheeler and four-wheeler products. The company already works on zinc and aluminum die casting machine components at its plants in Pune and Noida for manufacturing products such as braking system, turbocharger system, handle and engine mounting components for the automotives.
Increasing use of aluminum as a replacement for of heavy metals like steel and iron in automobiles for manufacturing light-weight vehicle due to strict guidelines to reduce CO2 emissions can propel the aluminum casting market over the forecast period (2014 to 2025). In addition, growing demand for aluminum products in such as windows, curtain walling, cladding, and others in construction industry to boost market growth.
However, increasing use of other lightweight materials such as carbon fiber and manganese as a substitute for aluminum could challenge the market growth.
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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