The Aluminium Casting Market is to grow at a 7.35% CAGR, with the United States leading the market through 2030

The Aluminium Casting Market Size is expected to reach USD 143.06 Bn by 2030. The Aluminium Casting Market is driven by the replacement of traditional cast iron & steel by aluminium casting.

Aluminium Casting Market to Hit USD 143.06 Bn by 2030

The Aluminium Casting Market was USD 87.08 Bn in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 7.35 % from 2023 to 2030, reaching USD 143.06 Bn by 2030. The demand for aluminium castings has increased drastically due to the automotive industry's growing requirement for lightweight, fuel-efficient automobiles. Casting technology advancements, including better die-casting and sand-casting methods, have raised the caliber and accuracy of aluminium castings. The aluminum die casting market for automotive components in the United States is projected to increase at a compound annual growth rate (CAGR) of 7.0% from 2025 to 2030, reaching USD 7.24 billion.

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Aluminium Casting Market Segmentation

By Process: Die casting is one of the most used methods for casting aluminum, because of its capacity to manufacture complex, high-volume parts with superior surface finishes. Permanent Mold Casting is the dominating segment in the casting market, it covers about 45 % of the total market. Sand Casting is mainly used in infrastructure, industrial components, and heavy equipment parts.

By End User: The transportation segment is anticipated to have substantial growth, especially as a result of the continuous improvements in electric cars, due to its light weight and recyclability. In the Industrial segment, compressors and parts for industrial pumps are made up of aluminum castings. Building & Construction, Aluminum is a popular material in contemporary architecture projects due to its aesthetic properties.

Aluminium Casting Market Regional Analysis

The United States Government has raised concerns about the reinstatement of 25% tariff on foreign aluminium and steel imports. Due to the tariffs, American businesses are now looking for other sources of aluminum, which might raise prices and change the dynamics of the supply chain. The North American aluminum die casting market is expected to grow at a CAGR of 5.85% during the forecast period.

France, in 2024, the aluminum die casting market for automotive components in France was estimated to be worth USD 2.5 billion. A prominent aluminum foundry in France is Fonderie Du Poitou Aluminium. Riva Group, Constellium, Groupe Lisi, and Die Casting International are major key players dominating the Aluminium Casting Market.

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Tiawan: In 2020, around 120,000 metric tons of aluminum casting were produced in Taiwan. The Taiwan Foundry Society (TFS) is a well-known organization that promotes Taiwan's aluminum casting industry, followed by Fong Kee International Machinery Co., Ltd., China Steel Corporation, Evertek Industrial Co., Ltd., and Huizhou Foundry Co., Ltd., which shows significant growth.

Aluminium Casting Market Competitive Landscape

Alcoa Corporation: Alcoa completed the acquisition of Reynolds Metals Company for about $5.9 billion and Firth Rixson for $2.85 billion. Alcoa also acquired a majority stake in the Alumar alumina refinery in Brazil and TITAL GmbH.

Rusal: Rusal entered into a significant deal with Glencore in 2022. Rusal acquired SUAL Group which resulted in merger of Rusal, SUAL, and the Alumina Assets of Glencore. Rusal also acquired a 25% stake in Norilsk Nickel.

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Dynacast: Leading manufacturer of die-casting equipment, Castool Tooling Systems was acquired by Dynacast. Also, Dynacast acquired Metform, Inc., Castool Tooling Systems to expand the market in the US.

Conclusion

• Businesses who make investments in cutting-edge casting technologies, environmentally friendly production techniques, and recycling programs will be in a strong position to benefit from the growing demand for aluminum components, especially in industries like construction, automotive, and aerospace.

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