Aluminum Die-Castings: A Global Strategic Business Report
San Jose, CA (Vocus) September 22, 2010
The aluminum die-castings industry is one of the most lucrative industries in the world with a wide gamut of applications ranging from day-to-day household needs to heavy industrial applications. High technology applications in die-castings manufacturing processes are also ensuring steady growth for the industry. Major driving force in the growing use of aluminum castings is the specified fuel consumption requirement of the automotive industry, necessitating lighter weight vehicles, mainly cars. The industry depicts high level of environmental awareness. Metal alloys employed by die casting producers are made of recycled raw materials, and generated with far less energy than is required for virgin alloys. In the last few years, aluminum and plastics have been gaining traction, leaving behind gray iron with regard to consumption in motor vehicles. Newer applications of aluminum are rapidly emerging, particularly in areas of infrastructure development such as bridges, oilrigs and fast ferries.
The aluminum die-casting in specific and the metal die-casting industry in general, felt the ripple effects of the worldwide economic downturn with volume production decreasing from previous levels in the year 2009. The problems were further aggravated by a global shortage of pig iron and scrap, which escalated the raw material costs in major producing countries including Western Europe, US and China. Several metal die-casting companies were forced to down shutters and the existing ones drastically cut down the overall production capacity to keep in sync with the poor demand situation.
The Auto industry, which is the largest end-use segment of aluminum die-casting, was adversely affected by the recession, passing on the negative effect to latter. However, all was not gloom for the market as it witnessed demand increase for die-casting components in various regions. In contrast to the rest of the countries worldwide, metalcasting shipments in China and India continue to show an increasing year-on-year trend, buoyed by abundant raw material availability and cheap labor among other factors.
Europe, prodded by growth from regions including Germany, France, Italy, Spain, UK and Sweden among others leads as the strongest contender. The region comprises the single largest worldwide share of more than 25% as stated by the new market research report on
Aluminum Die-Castings. The US and Asia-Pacific make up the other major aluminum-die casting regions. The Asia-Pacific region is also slated to expand over the years at the overall fastest compounded annual growth rate through 2015. China, India and Korea are poised to gain prominence as major hubs for aluminum die-casting processes and end-use applications.
With regard to the end-use application segments, Automotive/Internal Combustion Engines prevails as the largest and most significant end-user of aluminum die-casting processes/products. In the near future too the dominance of the automobile sector would continue, as there is a significant demand for secondary aluminum and die-castings made from scrap-based aluminum alloy. The end-use segment with brightest growth prospects, Consumer OEMs, is projected to race ahead of the other segments by the end of the year 2015.
The aluminum die-castings industry is highly competitive with hundreds of large, medium, small as well as mini players engaged in manufacturing an exhaustive range of products. Some of the leading players in the market include Alcast Company, Alcoa Howmet Castings, Bodine Aluminum, Inc, Consolidated Metco, Inc, Contech U.S., LLC, Dynacast, Inc, Rio Tinto Alcan, Inc, Honsel GmbH & Co. KG Intermet Corp., Leggett & Platt, Inc, Kaiser Aluminum Corporation, Trident Components Group Ltd., Ryobi Limited, among several others.
The report titled “Aluminum Die-Castings: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of industry overview, recession and market trends, end-use analysis, market share data, new product introductions, recent industry activity, and profiles of market players worldwide. Analysis is presented for major geographic markets such as US, Canada, Japan, Europe, Asia-Pacific, Latin America and Middle East. Market analytics are provided in terms of pounds (volume) for end-use segments including Automotive/Internal Combustion Engines, Industrial, Commercial & Defense, Consumer OEMs and Computers and Telecommunications. The study also presents historic data for an insight into market evolution over the period 2000 through 2006.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Aluminum_Die_Castings_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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