Middle East and Africa aluminum casting market is expected to grow in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 7.0% in the forecast period of 2021 to 2028 and is expected to reach USD 6,040.43 Million by 2028.
The aluminum casting provides several advantages to the manufacturers as well for the end consumers. The process allows the producers to produce parts faster and higher than any other alloy material. The products which are formed through the casting process are corrosion-resistant, versatile, and can be used for different purposes. Further, it also allows the manufacturers to manufacture various types of products through these aluminum parts.
Aluminum is one of the most widely used metals in the world. From airplanes to utensils, aluminum's use cases are far-reaching. Its qualities such as lighter weight, durability, corrosion resistance, and heat and electricity conductivity have diversified its end-use applications.
The ability to use aluminum in a wide range of industries, rapid industrialization, and tech-driven developments in the automotive industry are expected to augment the demand for aluminum in the coming years. Moreover, secondary aluminum is also gaining tremendous traction owing to its application in construction materials, transportation, packaging foils and cans among others. The cumulative force of these factors is poised to unlock new revenue avenues in the global aluminum market.
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- On the basis of process, the market is segmented into expendable mold casting and non-expendable mold casting. In 2021, the non-expendable mold casting segment is expected to dominate the Middle East and Africa market because the manufacturers are looking for ways to make their products more efficient and reduce the consumption of fuel as well as carbon emissions.
- On the basis of source, the market is segmented into primary (fresh aluminum) and secondary (recycled aluminum). In 2021, primary (fresh aluminum) is expected to dominate the Middle East, and Africa market as the region did not have the sufficient amount of water required for the recycling process and not having the facility for recycling the aluminum products.
- On the basis of application, the market is segmented into intake manifolds, oil pan housings, structural parts, chassis parts, cylinder heads, engine blocks, transmissions, wheels and brakes, heat transfers, and others. In 2021, wheels and brakes are expected to dominate the market as in the Middle East and Africa, as there is a necessity that the road clearance should be nine inches, and it is the reason the disk wheels are more in demand.
- U.A.E. is dominating the Middle East and Africa Aluminum Casting market due to the large scale usage of aluminum in various applications such as intake manifolds, oil pan housings, cylinder heads, and engine blocks.
Highlight of Table of Content:
- Chapter 1: Market overview
- Chapter 2: Middle East and Africa Aluminum casting market analysis
- Chapter 3: Regional analysis of the Middle East and Africa Aluminum casting market
- Chapter 4: Market segmentation based on types and applications
- Chapter 5: Revenue analysis based on types and applications
- Chapter 6: Market share
- Chapter 7: Competitive Landscape
- Chapter 8: Drivers, Restraints, Challenges, and Opportunities
- Chapter 9: Gross Margin and Price Analysis
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The major players covered in the report are Alcoa Corporation, Ryobi Limited, DyCast Specialties Corporation, Consolidated Metco, Inc., Alcast Technologies, Pyrotek, GIBBS, Dynacast, Reliance Foundry Co. Ltd., TOYOTA INDUSTRIES CORPORATION, LA ALUMINUM, TPi Arcade, Wagstaff Inc., MODERN ALUMINUM CASTINGS CO., INC., and Pacific Die Casting Corp., among other players domestic and regional. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Profound Questions Answered in this Report:
- What is the growth rate of various stages in the value chain of the industry?
- Which region has the highest growth rate and size of the emerging market by value in 2021?
- Who are the competitive players in Middle East and AfricaAluminum die casting market?
- Which region has the largest share and degree of competition in the industry?
- What is the CAGR of the market during the forecast period 2021 to 2027?
- Which region is expected to hold the highest market share for the market?
- What is the main driver of the Middle East and Africa Aluminum die casting market?
- What is sales volume, revenue, and price analysis of top players of the market?
- What are the market opportunities and threats faced by the vendors in the industry?
- What has been the impact of COVID-19 on Middle East and Africa Aluminum die casting market?
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