Aluminum Casting Market - Global Forecast to 2022

by Nikita Kharche Chemical Research Specialist

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The report "Aluminum Casting Market by Process (Die Casting, Permanent Mold Casting, Sand Casting), End-use Sector (Transportation, Industrial, Building & Construction), and Region - Global Forecast to 2022", The aluminum casting market size is estimated to grow from USD 55.56 Billion in 2017 to USD 79.13 Billion by 2022, at a CAGR of 7.33%.

Browse 135 market data tables and 32 figures spread through 169 pages and in-depth TOC on "Aluminum Casting Market by Process (Die Casting, Permanent Mold Casting, Sand Casting), End-use Sector (Transportation, Industrial, Building & Construction), and Region - Global Forecast to 2022"

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It is projected to witness significant growth in the next few years with the increasing demand for lightweight vehicles and new constructions all over the world due to rapid urbanization and industrialization. Large-scale investments in industrial and manufacturing units’ coupled with the rising demand for lightweight, fuel-efficient vehicles in emerging economies are some of the factors driving the growth of the aluminum casting market.

The die casting segment is estimated to dominate the market in the aluminum casting market through 2022

The die casting segment is estimated to dominate the process segment of the aluminum casting market as it helps to reduce the weight of the vehicle and industrial machines. It is mainly used in the transportation sector to improve the fuel efficiency of vehicles. Owing to the considerable growth in the automobile industry globally, the demand for lightweight vehicles is expected to increase, which will further drive the die casting market.