Aluminum Casting Market 2019 - APAC Industrialization and Development Boost Growth

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Mar 06, 2015, 05:15 ET

DALLAS, March 6, 2015 /PRNewswire/ --

SandlerResearch.org adds Global Aluminum Casting Market 2015-2019 research report that says Stringent Environmental Regulations is one of the major trend observed in the market.

The latest report on the Global Aluminum Casting Market 2015-2019 expects to grow at a CAGR of 10.02% from 2014-2019. The growth of the Global Aluminum Casting market has been promising in recent years because of growing demand for aluminum castings from the APAC region. Effective adoption of aluminum casting enables manufacturers to develop superior-quality products. The rapid pace of industrialization and development in China, India and South Korea is also the primary demand driver for industrial castings in the region.

In a bid to preserve the environment, more and more developed countries have endeavored to adopt stringent legislations to regulate their manufacturing sectors.

OEMs and their suppliers are engaging in R&D to find ways of improving fuel efficiency, increasing power and reducing the weight of the automobile's core components, thus leading to an enhanced usage of non-ferrous materials like aluminum and magnesium.

The "Global Aluminum Casting Market 2015-2019" report covers the present scenario and the growth prospects of the Global Aluminum Casting market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers the revenue obtained from the sales of aluminum casting services and products.

The Global Aluminum Casting Market 2015-2019 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Aluminum Casting market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The report provides market segmentation analysis by:

Process
Permanent Molding
Die casting: High Pressure Die Casting, Low Pressure Die Casting and Gravity Die Casting
End-users
Transportation Sector
Industrial Sector
Building and Construction Sector
Geographical
APAC Region
EMEA Region
Americas

Key Market Drivers

Industrialization and Development in APAC Region
Increased Demand from Automotive Sector
Increased Demand from Building and Construction Sector

Order a copy of this report at http://www.sandlerresearch.org/purchase?rname=31715.

Key Market Trends

Stringent Environmental Legislations
Steady Shift from Ferrous Casting to Non-ferrous Casting
Adoption of Computer-integrated Manufacturing Systems
Shift of Manufacturing Units to Emerging Countries

Key Market Vendors: Alcoa Inc., Dynacast Inc., Gibbs Die Casting Corp., Ryobi Ltd.

Other Prominent Vendors: Alcast, Alcoa Howmet Castings, Bodine Aluminum, Consolidated Metco, Contech US, Honsel, Intermet Kaiser Aluminum, Leggett & Platt, Los Angeles Die Casting, Rio Tinto Alcan, Shanghai Cosmopolitan Automobile Accessory

Other Related Report:

Global Metal Casting Market 2014-2018 - Analysts forecast the Global Metal Casting market to grow at a CAGR of 6.60% over the period 2014-2018. One of the major trends in the market is the government regulations on casting manufacturers regarding environmental protection and energy efficiency. Governments worldwide are likely to impose environmentally friendly legislation to reduce pollution, thereby forcing industries to adopt technologies that reduce emissions.

According to the report, one of the main drivers of the market is the increased use of simulation-based castings. Designs of castings are made precise using simulation to reduce wastage and costs. These simulation-based models have helped in decreasing the wastage and have helped in reducing the costs of operation. Precise designs also benefit the end-users and this has become a standard in the Casting industry.

Further, the report states that one of the main challenges in the market is the increased energy requirements for the production of metal castings. The Global Metal Casting market is an energy-intensive industry and its energy requirements are bound to increase with increased production of metal castings.

Explore Other New Reports by on Advanced Material @http://www.sandlerresearch.org/market-research/advanced-material.

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