Trusted Press Release Distribution   Plans | Login    

Briefing Search
Keyword:
Category:

       

    
Author Details
Fact.mr
www.factmr.com/

Bookmark and Share
Aluminum Castings Market Expected to Secure Notable Revenue Share during 2018-2028
Fact.MR has announced the addition of the “ Aluminum Castings Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028"report to their offering.

BriefingWire.com, 1/11/2019 - Aluminium castings are produced by a metalworking process called aluminium casting process in which liquid aluminium and aluminium alloys is poured into molds with desired shape and details. Generally, three types of aluminium castings are made by three casting processes including die casting, permanent mold casting and sand casting.

The market for aluminium castings has gained momentum in the past decade on the back of increasing popularity of aluminium metal in the automotive industry which is replacing heavy metals with aluminium to meet the demand for lightweight and fuel-efficient automobiles.

Owing to their ideal properties suitable for aerospace components, aluminium castings also find application in the aerospace sector. However, ongoing trade disputes and increased aluminium tariffs are impacting the cost of aluminium castings, thereby projects a significant influence on the future outlook of aluminium castings market.

Automotive Industry Presents a Surge in Demand for Aluminium Castings

The automotive industry has witnessed a significant surge in demand for aluminium material in the past several years. Among different types of automotive materials, the popularity of aluminium is growing at a faster rate owing to a higher proportion of aluminium in new models of automobiles as compared to their traditional models. Also, increasing demand for light-weight and fuel-efficient automobiles has gained significant momentum in the recent past, thereby increasing important of aluminium castings in the automotive industry.

An ever higher demand for aluminium castings is projected from the electric vehicles segment. Production trend of electric vehicles is on the rise wherein a number of auto industry giants have ramped up their EV production capacities. As aluminium presents potential benefits in terms of future weight reduction and high strength demand from the auto industry, the market for aluminium castings is highly likely to witness an optimistic outlook in the future.

Request 100 Page Sample Report Now: www.factmr.com/connectus/sample?flag=S&rep_id=2462

 
 
FAQs | Contact Us | Terms & Conditions | Privacy Policy
© 2013 Proserve Technology, Inc.