Commenting on the report, an analyst said: "Many countries are implementing stringent manufacturing standards to reduce the impact on the environment. These regulations compel manufacturers to use technologies that reduce harmful emissions into the environment. For instance, the US EPA limits carbon dioxide emissions to 1,000 pounds per megawatt hour of electricity produced to reduce GHG emissions."
According to the report, growth of automobile industry drives the global aluminum casting market during the forecast period. Aluminum is preferred over other metals such as steel for casting in the automobile industry due to its lightweight property. This helps in reducing fuel consumption and emissions. Aluminum is easily recyclable and resistant to corrosion, ensuring sustainability and durability of the vehicles. Automobile components such as transmission housings, cylinder heads, crankcases, and engine blocks are manufactured using aluminum casting.
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Further, the report states that the high power cost increases the production cost of aluminum, leading to a rise in the cost of downstream products and affecting the profit margins for vendors.
Top vendors are Alcast Technologies, Alcoa Howmet, Consolidated Metco, Dynacast International, Gibbs Die Casting and Ryobi.
Other Prominent Vendors in the market are: Bodine Aluminum, Martinrea Honsel Germany, and Leggett & Platt.
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the
Key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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Table of Content for Global Aluminum Casting Market 2016-2020:
PART 01: Executive summary Highlights
PART 02: Scope of the report Market overview
PART 03: Market research methodology Research methodology Economic indicators
PART 04: Introduction Key market highlights Overview Production methods Advantages of aluminum casting Value chain Pricing trends
PART 05: Market landscape Global aluminum casting market Five forces analysis
PART 06: Segmentation by process Global aluminum casting market by process Global aluminum die casting market Global aluminum permanent mold casting market
PART 07: Segmentation by application Global aluminum casting market by application Global aluminum casting market for automobile applications Global aluminum casting market for heavy machinery and industrial applications Global aluminum casting market for aerospace and defense applications Global aluminum casting market for building and construction hardware applications Global aluminum casting market for power and hand tools applications Global aluminum casting market for telecom applications
PART 08: Segmentation by geography Global aluminum casting market by geography Aluminum casting market in APAC Aluminum casting market in the Americas Aluminum casting market in Europe
PART 09: Market drivers Growth of automobile industry Increased use of simulation-based castings Rise in demand from APAC
PART 10: Impact of drivers
PART 11: Market challenges Growing energy requirements Increased competition from Chinese suppliers Fluctuations in LME prices
PART 12: Impact of drivers and challenges
PART 13: Market trends Stringent government regulations Shift from ferrous to non-ferrous casting Adoption of computer-integrated manufacturing systems
PART 14: Vendor landscape Competitive scenario Alcast Technologies Alcoa Howmet Consolidated Metco (ConMet) Dynacast International Gibbs Die Casting Ryobi
PART 15: Appendix List of abbreviations
List of Exhibits
Exhibit 01: Segmentation of global aluminum casting market Exhibit 02: Global aluminum casting market by process Exhibit 03: Global aluminum casting market by application Exhibit 04: Global aluminum casting market by geography Exhibit 05: Global non-ferrous metal casting market 2015 Exhibit 06: Global aluminum market by product 2015 Exhibit 07: Global aluminum casting market value chain Exhibit 08: Global aluminum LME prices July 2005-July 2015 ($ per metric ton) Exhibit 09: Global aluminum casting market 2015-2020 (million MT) Exhibit 10: Five forces analysis
And more..
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