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全球鋁鑄件市場 - 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: 約2個工作天內

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簡介目錄

概述

2023年全球鋁鑄件市場規模達705億美元，預計到2031年將達到1,257億美元，2024-2031年預測期間複合CAGR為7.5%。

對高強度、輕質鑄件的日益青睞是主要驅動力。運輸業的製造商必須遵守旨在提高燃油效率和降低有害排放的法律。汽車製造中可以採用輕質材料。通用型和運動型多用途車需求的增加預計將推動美國的產品需求

美國的汽車製造商面臨遵守汽車排放環境法規的壓力。根據企業平均燃油經濟性，由於溫室氣體排放增加，乘用車必須在 2026 年之前實現每加侖 54.5 英里的燃油效率目標，預計這將推動市場成長。

到2023年，北美預計將成為成長第二快的地區，約佔全球鋁鑄造市場的25%。對永續解決方案實施的重視預計將增加該地區的產品需求。例如，2020年12月，力拓啟動了一條新的高品質鋁合金生產線，以幫助壓鑄商回收。預計此類活動將在預測期內有利於市場成長。

動力學

道路建設不斷興起

發展中國家的道路建設和擴建活動預計將大幅增加。許多國家基礎設施支出的增加可歸因於道路和高速公路的不斷發展，以改善這些國家主要經濟中心之間的運輸和連接。印度品牌資產基金會表示，基礎設施領域已成為印度政府的重點領域之一。

2021年3月，西班牙贏得了重建重要路段的計畫。該項目耗資2.938億美元，涵蓋A4公路70公里的路段。 2021 年 5 月，巴西宣布了一項重要的新公路協議。高速公路的改善工程預計耗資 14.2 億美元。新道路的開發預計將加強城市和農村地區的道路網路，從而增加對瀝青改質劑的需求。

併購數量不斷增加

工業活動、基礎設施項目和消費市場的興起為鋁鑄件製造商提供了服務不斷擴大的市場的機會。領先公司正在進行越來越多的收購和合作，以加速市場擴張。例如，2022年8月，文燦集團股份有限公司宣布，計劃在安徽省六安經濟技術開發區建造新能源汽車鋁壓鑄件生產基地。

Sandhar Engineering Private Limited成立於2021年10月，是一家全資子公司，生產和組裝各種鎖定裝置、電氣、電子、機械、汽車和工業零件。鋁鑄造市場預計在預測期內將擴大，以滿足汽車和非汽車行業對輕質部件和高導電金屬部件不斷成長的需求。

鑄造成本高

鋁鑄造需要能源密集操作，包括熔煉、精煉和鑄造。電力和天然氣等能源價格的波動會對鋁鑄造廠的生產成本和市場競爭力產生重大影響。鋁合金、鑄錠和廢料等原料的可用性和成本會影響鋁鑄造廠的獲利能力。

全球鋁市場波動、供需錯配和貿易政策都會導致原物料價格波動，進而影響製造商的生產成本和利潤。此外，由於缺乏對服務的了解和對殘疾的信念，需要服務的人數沒有得到滿足，這兩者都會影響尋求治療的人。此外，由於收入狀況較低和鑄造成本上升，中等收入國家可能會阻礙市場擴張。

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