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The market for aluminum castings is choc-o-bloc with regional and international companies who compete against one another on the basis of a well-diversified product portfolio. In order to grow their market share further, the players are also seen coming up with cost-effective products. They are banking upon latest technologies to create more efficient products.
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Arconic Inc., Dynacast International nike air force 1 utility scontate , Endurance Technologies Ltd., Nemak, and Ryobi Ltd. are some of the players that enjoy a stronghold over the fragmented aluminum castings market.
A recently added research study by Transparency Market Research expects the aluminum castings market to rise at a steady 5.2% CAGR in the forecast period starting from 2017 and ending in 2025. At this rate, the market which was valued at US$ 25.23 bn in 2016, is projected to reach US$40.14 bn by 2025.
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Automotive Industry Lapping Up Aluminum Castings Due to their Ability to Reduce Carbon Emissions
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