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02 AUGUST 2017 AL CIRCLE

Global aluminium casting market estimated to grow at a CAGR of 5.87% during 2017-2021

EDITED BY : HEENA IQBAL 1MINS READ

The global aluminium casting market is slated to grow at a CAGR of 5.87% CAGR during the period 2017-2021, reveals data published in a recent report by Marketstudyreport.com.  Automobile industry and OEM manufacturers will drive the demand for aluminium casting during the forecast period.

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Aluminium castings are used in industries such as mining, construction, and electrical and electronics.  These castings are lightweight, corrosion-resistant and highly conductive metal products which can be easily customized through heat treatment.

It is ideally suited for automobiles as they help to improve the fuel efficiency by reducing the overall weight of the vehicle. This factor will contribute to the growth of the aluminium casting market.

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The report covers global market, especially in North America, China, Europe, Southeast Asia, Japan and India. The companies which will dominate the global aluminium casting market include Alcoa, Consolidated Metco, Dynacast, Gibbs Die Casting, Ryobi, Alcast Technologies, Bodine Aluminum, CAF Innovative Shapecasting, Cosma International, Leggett & Platt Office Components and Martinrea Honsel Germany.


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EDITED BY : HEENA IQBAL 1MINS READ

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