The global aluminium castings industry has grown over a decade, except it has recently faced challenges in the wake of the pandemic. At this juncture, AlCircle publishes a report titled ‘Future of the Global Aluminium Castings Industry - Market analysis and industry forecast to 2027’ to evaluate the future castings market across different end-user sectors and regions.
Aluminium castings are lightweight, corrosion-resistant and highly conductive metal products which can be easily customised through heat treatment. They are, therefore, well suited for cars since they increase fuel economy by lowering the vehicle's total weight. Over time, the use and demand of aluminium have grown across all the end-user sectors, and this expansion has coincided with the drive to cut carbon emissions.
The automobile industry is increasingly concentrating on boosting the usage of products with low carbon footprints due to a rising emphasis on reducing vehicle emissions. Castings differ from other types of aluminium, absorbing significant amount of recycled aluminium made from post-consumer waste. About 10.4 million tonnes of aluminium castings will be utilised worldwide by the passenger automobile sector in 2022. During the projected period, the percentage of passenger vehicles in the total utilisation of aluminium castings may decrease somewhat during the projected period. With new advancements in the usage of aluminium castings for their products, the use in the industrial and building & construction sectors has experienced substantial growth in recent years.
Over the past ten years, there has been a significant development in the worldwide aluminium castings business. This report, titled "Future of Global Aluminium Castings Industry - Market analysis and industry forecast to 2027," offers a thorough examination of the market for utilising aluminium castings in numerous end-use industries and geographical locations in the medium term.
In a nutshell, the following points are covered in our "Future of Global Aluminium Castings Industry - Market analysis and industry forecast to 2027" report:
