Aluminum Casting Market size is expected to reach USD 135.20 billion by 2030
Aluminum Casting Industry Overview The global aluminum casting market size is expected to reach USD 135.20 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.0% from 2022 to 2030. Rising demand for lightweight vehicles is anticipated to propel market growth as the product is used in manufacturing various auto components. Aluminum Casting Market Segmentation Grand View Research has segmented the global aluminum casting market on the basis of process, application, and region: Based on the Process Insights, the market is segmented into Die Casting, Permanent Mold Casting, Others The die casting segment accounted for the largest volume share of over 50.0% in 2021 owing to the rising demand for aluminum casting products in the automotive sector. Die casting is used to manufacture various auto parts such as engines, cylinders, gears, and flywheels, which are used in high-end vehicles to mass-produce ...