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SAN FRANCISCO , Sept. 28, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Aluminum Castings - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE Edition: 18; Released: April 2021 Executive Pool: 643 Companies: 109 - Players covered include Alcast Company; Alcoa Corporation; Bodine Aluminum Inc.; Consolidated Metco Inc.; Cosma International Inc.; Dynacast International Inc.; Endurance Technologies Limited; Gibbs Die Casting Corp.; Martinrea Honsel Germany GmbH; Nemak S.A. de C.V.; Pace Industries; Rochester Aluminum Smelting Canada Ltd.; Rockman Industries Ltd.; Ryobi Limited and Others. Coverage: All major geographies and key segments Segments: Process (Die Casting, Permanent Mold Casting, Sand Casting); End-Use (Transportation, Industrial, Building & Construction, Other End-Uses) Geographies: World; United States ; Canada ; Japan ; China ; Europe (France ; Germany ; Italy ; United Kingdom ; Spain ; Russia ; and Rest of Europe ); Asia-Pacific (Australia ; India ; South Korea ; and Rest of Asia-Pacific ); Latin America (Argentina ; Brazil ; Mexico ; and Rest of Latin America ); Middle East (Iran ; Israel ; Saudi Arabia ; United Arab Emirates ; and Rest of Middle East ); and Africa .
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Global Aluminum Castings Market to Reach $89.9 Million by 2026 Amid the COVID-19 crisis, the global market for Aluminum Castings estimated at US$62.1 Million in the year 2020, is projected to reach a revised size of US$89.9 Million by 2026, growing at a CAGR of 6.1% over the analysis period. Die Casting, one of the segments analyzed in the report, is projected to record a 6.7% CAGR and reach US$51.3 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Permanent Mold Casting segment is readjusted to a revised 5.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $18 Million in 2021, While China is Forecast to Reach $18.8 Million by 2026 The Aluminum Castings market in the U.S. is estimated at US$18 Million in the year 2021. China , the world`s second largest economy, is forecast to reach a projected market size of US$18.8 Million by the year 2026 trailing a CAGR of 9.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada , each forecast to grow at 3.3% and 5.5% respectively over the analysis period. Within Europe , Germany is forecast to grow at approximately 3.9% CAGR.
Sand Casting Segment to Reach US$9.3 Million by the year 2026 In the global Sand Casting segment, USA , Canada , Japan , China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.1 Million in the year 2020 will reach a projected size of US$7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™ Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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