Aluminum Casting Market by Process

DUBLIN, November 12, 2021--(BUSINESS WIRE)--The "Aluminum Casting Market by Process (Die Casting, Permanent Mold Casting, Sand Casting), End-use Sector (Transportation, Industrial, Building & Construction), and Region (APAC, Europe, North America, South America, MEA) - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global aluminum casting market is projected to grow from USD 70.4 billion in 2021 to USD 100.5 billion by 2026, at a CAGR of 7.4%. The aluminum casting market is witnessing high growth owing to the increase in the demand from the automotive, infrastructure, industrial and manufacturing and consumers goods sectors among Others.

Die casting is the largest process segment of the aluminum casting market

The aluminum casting market is segmented on the basis of the 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.

The 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 the 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 the 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.