Middle East and Africa Aluminum Casting Market, By Process (Expendable Mold Casting and Non-Expendable Mold Casting), Source (Primary (Fresh Aluminum) and Secondary (Recycled Aluminum), Application (Intake Manifolds, Oil Pan Housings, Structural Parts, Chassis Parts, Cylinder Heads, Engine Blocks, Transmissions, Wheels and Brakes, Heat Transfers, and Others), End-User (Automotive, Building and Construction, Industrial, Household Appliances, Aerospace, Electronic and Electrical, Engineering Tools and Others), Country (South Africa, Egypt, Saudi Arabia, U.A.E., Israel, Rest Of the Middle East and Africa), Market Trends and Forecast to 2028.
Market Analysis and Insights: Middle East and Africa Aluminum Casting Market
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.
The lightweight materials accelerate a lighter object in less energy than the heavier one and further help increase the efficiency of the vehicle. With lightweight materials, automobiles can control the emission level and provide a safe and integrated electronic system without increasing the vehicle's weight. Further, it also helps in keeping an all-electric range of plug-in vehicles constant. Thus, we can say that aluminum usage has been increased very rapidly in the automotive industry due to its high tensile strength and lightweight feature. So the casting of aluminum gets increased, which boosts the market in the future.
The volatility in aluminum and its raw material prices could be considered as a major market restraint. Due to aluminum's various properties, such as resistance to corrosion, lightweight, and the application in HAVC systems of commercial buildings is growing. The respective factor could be considered as a major market driver. The wide application of aluminum casting in a broad range of networking and infrastructure equipment boosts the sales and demand of the aluminum casting market and acts as an opportunity. The chemical and mechanical processes involved in aluminum casting produce several toxic by-products and consume excessive energy, which acts as a challenge for the market.
This aluminum casting market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.
Middle East and Africa Aluminum Casting Market Scope and Market Size
Middle East and Africa aluminum casting market is segmented on the basis of process, source, application, and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- 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.
- On the basis of end-user, the market is segmented into automotive, building and construction, industrial, household appliances, aerospace, electronics and electrical, engineering tools, and others. In 2021, automotive is expected to dominate the Middle East and Africa market due to the rise in usage of electric vehicles and increasing demand for lightweight vehicles for better fuel consumption.
Aluminum Casting Market Country Level Analysis
Middle East and Africa aluminum casting market is segmented on the basis of process, source, application, and end-user.
The countries covered in the Aluminum Casting market report are South Africa, Egypt, Saudi Arabia, the U.A.E., Israel, and the Rest of the Middle East and Africa.
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.
The country section of the report also provides individual markets impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of the Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Growth in the Aluminum Casting industry
The Middle East and Africa Aluminum Casting market also provide you with detailed market analysis for every country growth in the installed base of different kinds of products for the market, the impact of technology using lifeline curves, and changes in infant formula regulatory scenarios and their impact on the Aluminum Casting market. The data is available for the historical period 2010 to 2019.
Competitive Landscape and Aluminum Casting Market Share Analysis
The Middle East and Africa Aluminum Casting market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the Middle East and Africa Aluminum Casting market.
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.
For instance,
- In January 2021, Pyrotek, introduced new Rigid Glasweve (RGW) filtering technology for permanent mold casting and sand-casting processes and developed innovative ways to improve their melting and casting processes. With this development company is expecting to enhance its market share.
- In April 2016, Dynacast opened a new state-of-the-art manufacturing facility in Tijuana, Mexico. The Tijuana plant will be an extension of the 115,000 square foot Lake Forest, California plant.
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