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全球铝铸件市场 - 2024-2031

Global Aluminum Casting Market - 2024-2031

出版日期: 2024年04月03日 | 出版商:

DataM Intelligence | 英文 205 Pages | 商品交期: 约2个工作天内

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简介目录

概述

2023年全球铝铸件市场规模达705亿美元，预计到2031年将达到1,257亿美元，2024-2031年预测期间复合CAGR为7.5%。

对高强度、轻质铸件的日益青睐是主要驱动力。运输业的製造商必须遵守旨在提高燃油效率和降低有害排放的法律。汽车製造中可以采用轻质材料。通用型和运动型多用途车需求的增加预计将推动美国的产品需求

美国的汽车製造商面临遵守汽车排放环境法规的压力。根据企业平均燃油经济性，由于温室气体排放增加，乘用车必须在 2026 年之前实现每加仑 54.5 英里的燃油效率目标，预计这将推动市场成长。

到2023年，北美预计将成为成长第二快的地区，约占全球铝铸造市场的25%。对永续解决方案实施的重视预计将增加该地区的产品需求。例如，2020年12月，力拓启动了一条新的高品质铝合金生产线，以帮助压铸商回收。预计此类活动将在预测期内有利于市场成长。

动力学

道路建设不断兴起

发展中国家的道路建设和扩建活动预计将大幅增加。许多国家基础设施支出的增加可归因于道路和高速公路的不断发展，以改善这些国家主要经济中心之间的运输和连接。印度品牌资产基金会表示，基础设施领域已成为印度政府的重点领域之一。

2021年3月，西班牙赢得了重建重要路段的计画。该项目耗资2.938亿美元，涵盖A4公路70公里的路段。 2021 年 5 月，巴西宣布了一项重要的新公路协议。高速公路的改善工程预计耗资 14.2 亿美元。新道路的开发预计将加强城市和农村地区的道路网络，从而增加对沥青改质剂的需求。

併购数量不断增加

工业活动、基础设施项目和消费市场的兴起为铝铸件製造商提供了服务不断扩大的市场的机会。领先公司正在进行越来越多的收购和合作，以加速市场扩张。例如，2022年8月，文灿集团股份有限公司宣布，计划在安徽省六安经济技术开发区建造新能源汽车铝压铸件生产基地。

Sandhar Engineering Private Limited成立于2021年10月，是一家全资子公司，生产和组装各种锁定装置、电气、电子、机械、汽车和工业零件。铝铸造市场预计在预测期内将扩大，以满足汽车和非汽车行业对轻质部件和高导电金属部件不断增长的需求。

铸造成本高

铝铸造需要能源密集操作，包括熔炼、精炼和铸造。电力和天然气等能源价格的波动会对铝铸造厂的生产成本和市场竞争力产生重大影响。铝合金、铸锭和废料等原材料的可用性和成本会影响铝铸造厂的获利能力。

全球铝市场波动、供需错配和贸易政策都会导致原物料价格波动，进而影响製造商的生产成本和利润。此外，由于缺乏对服务的了解和对残疾的信念，需要服务的人数没有得到满足，这两者都会影响寻求治疗的人。此外，由于收入状况较低和铸造成本上升，中等收入国家可能会阻碍市场扩张。

A growing preference for high-strength, lightweight castings is a major driving force. Manufacturers in the transportation business must comply with laws aimed at improving fuel efficiency and lowering hazardous emissions. It is possible to include lightweight materials into car construction. Increased demand for general utility and sports utility vehicles is expected to drive product demand in U.S.

Automobile manufacturers in U.S. are under pressure to comply environmental regulations governing car emissions. According to Corporate Average Fuel Economy, passenger automobiles must achieve a fuel efficiency target of 54.5 miles per gallon by 2026 due to increased greenhouse gas emissions, which is expected to boost market growth.

In 2023, North America is expected to be the second-fastest growing region, holding about 25% of the global aluminum casting market. The emphasis on the implementation of sustainable solutions is expected to increase product demand in the region. For example, in December 2020, Rio Tinto started a new line of high-quality aluminum alloys to help die casters in recycling. Such activities are expected to prove beneficial for market growth during the forecast period.

Dynamics

Rising Road Construction

Road construction and expansion activities in the developing world are expected to increase significantly. The rise in infrastructure spending in many countries can be ascribed to the increased development of roads and highways for better transportation and connection between these countries' major economic centers. According to the India Brand Equity Foundation, the infrastructure sector has become one of the Indian government's primary focus areas.

In March 2021, a project to reconstruct an important road segment was won in Spain. The project costs US$ 293.8 million and covers a 70-kilometer stretch of the A4 roadway. In May 2021, Brazil announced a significant new roadway agreement. Improvements to the highway are projected to cost US$ 1.42 billion. New road developments are expected to strengthen the road network in both urban and rural areas, driving up demand for asphalt modifiers.

Growing Number of Mergers and Acquisitions

The rise of industrial activity, infrastructural projects and consumer markets provides opportunity for aluminum casting manufacturers to serve expanding markets. The leading firms are making an increasing number of acquisitions and collaborations in order to accelerate market expansion. For example, in August 2022, Wencan Group Co., Ltd. announced that it plans to develop a production base of aluminum die-cast parts for New Energy Vehicles in Lu'an Economic and Technological Development Zone, Anhui Province.

Sandhar Engineering Private Limited was established in October 2021 as a completely owned subsidiary company to produce and assemble various locking devices, electrical, electronic, mechanical, automobile and industrial parts. The aluminum casting market is expected to expand during the forecast period to fulfil the growing demand for lightweight components and high-conductivity metal parts from the automotive and non-automotive industries.

High Costs of Casting

Aluminum casting requires energy-intensive operations including melting, refining and casting. Fluctuations in energy prices, such as electricity and natural gas, can have a substantial impact on aluminum casting foundries' production costs and competitiveness in the market. The availability and cost of raw materials such as aluminum alloys, ingots and scrap can influence the profitability of aluminum casting foundries.

Fluctuations in global aluminum markets, supply-demand mismatches and trade policies can all contribute to raw material price volatility, which affects manufacturers' production costs and margins. Furthermore, the number of persons wanting services is not being met due to a lack of understanding of services and beliefs about disability, both of which influence treatment seekers. Furthermore, middle-income countries can impede market expansion due to a lower income profile and the rising cost of casting.

Segment Analysis

The global aluminum casting market is segmented based on process, alloy, end-user and region.

Rising Demand for Lightweight Materials Drives the Segment Growth

Building and construction is expected to be the fastest growing segment with 1/3rd of the market during the forecast period 2024-2031. Aluminum casting can be used in a variety of applications, including roofs, door handles, windows and curtain walls. The increased replacement of iron and steel due to changing customer preferences, as well as the advantages of aluminum, such as its lightweight and aesthetic appeal, will drive the segment growth.

The increased substitution of iron and steel due to evolving consumer tastes, as well as the benefits of aluminum, such as its lightweight and aesthetic appeal, are expected to drive the industry during the forecast period. Jindal Aluminium announced in 2024 that it will open a new fabrication division to produce engineered aluminum goods for the building and construction industries, including interior and exterior building products, windows & gates, furnishings, appliances, exhibition displays and roofing.

Geographical Penetration

Rising Automotive Production in Asia-Pacific

Asia-Pacific is the dominant region in the global aluminum casting market covering over 35% of the market. Cheaper labour and production costs in India and China are likely to drive regional market expansion. Furthermore, rising demand for electric and hybrid vehicles has shifted automakers' focus to adopting lightweight materials like aluminum as a substitute for heavy steel and iron in all types of vehicles.

For example, in May 2022, the Tamil Nadu Small Industries Development Corporation committed INR 5.8 crores to build a shared facility centre for aluminum high-pressure die casting. Furthermore, the expanding automobile manufacturing industries across the country are expected to raise demand for lightweight materials for automotive applications. For example, in February 2021, MG Motors indicated that INR 1,500 crore could be spent in the expansion and localization of its business to enhance production capacity at the Halol factory in Gujarat.

Competitive Landscape

The major global players in the market include Alcoa Corporation, RYOBI Aluminum Casting (UK) Ltd., Rio Tinto, Arconic Inc., Dynacast International, Endurance Technologies Ltd., Ryobi Die Casting, Consolidated Metco, Inc., BUVO Castings and Alcast Technologies.

COVID-19 Impact

The COVID-19 outbreak affected supply lines and caused delays in building and construction projects globally. Due to a scarcity of raw materials, labor and government rules, which forced ongoing projects to be halted, an economic crisis ensued, with construction being one of the hardest impacted sectors. During the third quarter of 2020, some local governments began measures to restart road, highway and building construction projects.

Following April 2020, the German Ministry of Transport and Digital Infrastructure resumed building and road construction. Since the second half of 2020, countries like Romania and India have begun highway and road construction. While other infrastructure sectors were severely impacted by the epidemic, the transportation industry experienced a banner year in 2020-21. As a result, when compared to the previous year, the construction sector is expected to grow substantially in 2021.

Russia-Ukraine War Impact

Geopolitical tensions and war can create market uncertainty, leading buyers and investors to pause. Geopolitical conflicts caused delays or cancellations in investment and expansion plans in the aluminum casting industry. Companies may be more cautious about capital spending and strategic decision-making until geopolitical issues are addressed.

Rio Tinto displayed sagacity in 2022, amidst the geopolitical upheaval caused by Russia's invasion of Ukraine, by terminating links with the Russian aluminum producer's subsidiaries while still owning a 20% share in Queensland Alumina Limited. The strategic action involved delaying the delivery of bauxite and alumina to the Russian giant, eventually using emergency step-in rights to prevent any economic advantage from coming to the restricted companies.

By Process

Die Casting
- Gravity Die Casting
- Pressure Die Casting
- Squeeze Die Casting
Sand Casting
Investment Casting
Continuous Casting
Shell Molding
Lost-Foam Casting
Centrifugal Casting
Low-Pressure Casting
Permanent Mold Casting

By Alloy

1000 Series
2000 Series
3000 Series
4000 Series
5000 Series
6000 Series
7000 Series
8000 Series

By End-User

Automotive and Transportation
Industrial
Aircrafts
Agriculture
Military and Defence
Building and Construction
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

In 2024, Alcoa Corporation has announced that it will provide global cable producer Nexans with aluminum manufactured using a novel technology that eliminates all direct greenhouse gas emissions from traditional smelting. Nexans will be the first cable maker to use metal from the groundbreaking ELYSIS(TM) process, which substitutes all greenhouse gas emissions with oxygen.
In 2023, Rio Tinto intended to increase its Alma, Quebec smelter's capacity for producing low-carbon, high-value aluminum billets by 202,000 metric tons. The current casting facility will be expanded to include new cutting-edge equipment such as furnaces, a casting pit, coolers, handling, inspection, sawing and packing systems.

Why Purchase the Report?

To visualize the global aluminum casting market segmentation based on process, alloy, end-user and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of aluminum casting market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as excel consisting of key products of all the major players.

The global aluminum casting market report would provide approximately 62 tables, 67 figures and 205 pages.

Target Audience 2024

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1.Methodology and Scope

1.1.Research Methodology
1.2.Research Objective and Scope of the Report

2.Definition and Overview

3.Executive Summary

3.1.Snippet by Process
3.2.Snippet by Alloy
3.3.Snippet by End-User
3.4.Snippet by Region

4.Dynamics

4.1.Impacting Factors
- 4.1.1.Drivers
  - 4.1.1.1.Rising Road Construction
  - 4.1.1.2.Growing Number of Mergers and Acquisitions
- 4.1.2.Restraints
  - 4.1.2.1.High Costs of Casting
- 4.1.3.Opportunity
- 4.1.4.Impact Analysis

5.Industry Analysis

5.1.Porter's Five Force Analysis
5.2.Supply Chain Analysis
5.3.Pricing Analysis
5.4.Regulatory Analysis
5.5.Russia-Ukraine War Impact Analysis
5.6.DMI Opinion

6.COVID-19 Analysis

6.1.Analysis of COVID-19
- 6.1.1.Scenario Before COVID
- 6.1.2.Scenario During COVID
- 6.1.3.Scenario Post COVID
6.2.Pricing Dynamics Amid COVID-19
6.3.Demand-Supply Spectrum
6.4.Government Initiatives Related to the Market During Pandemic
6.5.Manufacturers Strategic Initiatives
6.6.Conclusion

7.By Process

7.1.Introduction
- 7.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 7.1.2.Market Attractiveness Index, By Process
7.2.Die Casting*
- 7.2.1.Introduction
- 7.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.2.3.Gravity Die Casting
- 7.2.4.Pressure Die Casting
- 7.2.5.Squeeze Die Casting
7.3.Sand Casting
7.4.Investment Casting
7.5.Continuous Casting
7.6.Shell Molding
7.7.Lost-Foam Casting
7.8.Centrifugal Casting
7.9.Low-Pressure Casting
7.10.Permanent Mold Casting

8.By Alloys

8.1.Introduction
- 8.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Alloys
- 8.1.2.Market Attractiveness Index, By Alloys
8.2.1000 Series*
- 8.2.1.Introduction
- 8.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3.2000 Series
8.4.3000 Series
8.5.4000 Series
8.6.5000 Series
8.7.6000 Series
8.8.7000 Series
8.9.8000 Series

9.By End-User

9.1.Introduction
- 9.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.1.2.Market Attractiveness Index, By End-User
9.2.Automotive and Transportation*
- 9.2.1.Introduction
- 9.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3.Industrial
9.4.Aircrafts
9.5.Agriculture
9.6.Military and Defence
9.7.Building and Construction
9.8.Others

10.By Region

10.1.Introduction
- 10.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 10.1.2.Market Attractiveness Index, By Region
10.2.North America
- 10.2.1.Introduction
- 10.2.2.Key Region-Specific Dynamics
- 10.2.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 10.2.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Alloy
- 10.2.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.2.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.2.6.1.U.S.
  - 10.2.6.2.Canada
  - 10.2.6.3.Mexico
10.3.Europe
- 10.3.1.Introduction
- 10.3.2.Key Region-Specific Dynamics
- 10.3.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 10.3.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Alloy
- 10.3.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.3.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.3.6.1.Germany
  - 10.3.6.2.UK
  - 10.3.6.3.France
  - 10.3.6.4.Italy
  - 10.3.6.5.Russia
  - 10.3.6.6.Rest of Europe
10.4.South America
- 10.4.1.Introduction
- 10.4.2.Key Region-Specific Dynamics
- 10.4.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 10.4.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Alloy
- 10.4.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.4.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.4.6.1.Brazil
  - 10.4.6.2.Argentina
  - 10.4.6.3.Rest of South America
10.5.Asia-Pacific
- 10.5.1.Introduction
- 10.5.2.Key Region-Specific Dynamics
- 10.5.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 10.5.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Alloy
- 10.5.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.5.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.5.6.1.China
  - 10.5.6.2.India
  - 10.5.6.3.Japan
  - 10.5.6.4.Australia
  - 10.5.6.5.Rest of Asia-Pacific
10.6.Middle East and Africa
- 10.6.1.Introduction
- 10.6.2.Key Region-Specific Dynamics
- 10.6.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 10.6.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Alloy
- 10.6.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

11.Competitive Landscape

11.1.Competitive Scenario
11.2.Market Positioning/Share Analysis
11.3.Mergers and Acquisitions Analysis

12.Company Profiles

12.1.Alcoa Corporation*
- 12.1.1.Company Overview
- 12.1.2.Product Portfolio and Description
- 12.1.3.Financial Overview
- 12.1.4.Key Developments
12.2.RYOBI Aluminum Casting (UK) Ltd.
12.3.Rio Tinto
12.4.Arconic Inc.
12.5.Dynacast International
12.6.Endurance Technologies Ltd.
12.7.Ryobi Die Casting
12.8.Consolidated Metco, Inc.
12.9.BUVO Castings
12.10.Alcast Technologies

LIST NOT EXHAUSTIVE