Aluminum Casting Market Size Worth $135.20 Billion By 2030
Aluminum Casting Industry Overview The global aluminum casting market size was valued at USD 86.92 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.0% from 2022 to 2030. The increasing use of aluminum in automobiles owing to its high strength and lightweight is likely to drive the market over the coming years. Nearly 30-40% of aluminum is being used per lightweight vehicle every year and is likely to reach 70% over the coming years owing to stringent regulations on reducing fuel emissions across the globe. According to the Federal Reserve Bank of St. Louis, the global sales of lightweight vehicles reached 17.385 million units in May 2019. Thus, increasing demand for lightweight vehicles on account of soaring environmental pollution, rising disposable incomes, and changing lifestyles of consumers is anticipated to boost the demand for aluminum casting. Gather more insights about the market drivers, restrains and growth of the Global Aluminu...