Aluminum Casting Market

Alcoa Corporation (U.S.) and Aluminum Corporation of China Limited (China) are the Key Players in the Aluminum Casting Market

MarketsandMarkets projects that the aluminum casting market size will grow from USD 55.56 Billion in 2017 to USD 79.13 Billion by 2022, at a CAGR of 7.33% from 2017 to 2022. The growing demand for cast aluminum products in automobile and consumer appliances and industrial expansion in emerging economies are the major factors driving the aluminum casting market.

The key players in the aluminum casting market are Alcoa Corporation (U.S.), Ryobi Limited (Japan), Aluminum Corporation of China Limited  (China), Rio Tinto (U.K.), United Company Rusal (Russia), China Hongqiao Group Limited (China), Arconic Inc. (U.S.), Gibbs Die Casting Corp (U.S.), Dynacast Charlotte (U.S.), and Nemak S.A.B. de C.V. (Mexico).  These players have adopted various strategies to expand their global presence and increase their market share. Mergers & acquisitions, partnerships & agreements, investments & divestitures, and new product & technology launches are some of the major strategies adopted by the market players to achieve growth in the aluminum casting market.

The year 2015 witnessed several expansions and acquisitions in the aluminum casting market by key players in order to expand their geographical footprint and improve their distribution network through the means of organic and inorganic growth strategies

Alcoa Corporation (U.S.), one of the top players in the aluminum casting industry, aims to maintain its position in the market through acquisitions and new product launches. In the last few years, Alcoa Corporation has entered into various significant supply agreements, acquired companies, expanded production facilities, and launched new products to expand its presence in the aluminum casting market. The company intends to increase its production capacity and expand its product offerings by adopting strategies such as acquisitions and new product launches. In November 2015, Alcoa acquired Firth Rixson (U.K.) to increase its offerings made of nickel-based super alloys, titanium, stainless steel, and advanced aluminum alloys. Alcoa also acquired TITAL (Germany) in March 2015; this acquisition enabled the company to expand its aluminum casting capacity and strengthen its position in the European region.

Aluminum Corporation of China Limited (China) expanded its presence through various strategic developments such as investments, expansions, and acquisitions. The company constructed mining facilities in the Sanmenxia mine of the Duancun-Leigou region in China to increase its bauxite production capacity. Moreover, the company invested in the Qingzhen alumina project. This project was fully operational in June 2015, with an annual alumina production capacity of 1.6 million tons.

Related Reports:

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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Report Code
MM 5293
Published ON
May, 2017
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