Latest News- Non-Ferrous Castings Market: Aluminum is expected to lead the Type segment during 2025-2029

The Non-Ferrous Castings Market is being driven by Increased simulation-based castings

The Non-Ferrous Castings Market is expected to grow at a CAGR of 7.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 9962 million. The non-ferrous castings market is experiencing significant growth due to the shifting trends in the metal castings industry. End-user sectors, including automotive, telecommunications, and industrial machinery, are increasingly focusing on producing lightweight products to enhance quality and efficiency. This has led to a surge in demand for non-ferrous casting materials, such as aluminum, zinc, and magnesium, which offer advantages like lightweight properties, corrosion resistance, and high conductivity. For instance, the automotive sector is transitioning from cast iron engine blocks to aluminum engine blocks, resulting in substantial weight reduction and improved fuel efficiency. These advancements underscore the market's potential for continued expansion in the coming years. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Aluminum
  • Copper
  • Zinc
  • Magnesium
  • Others
• Application
  • Automobiles
  • Electrical and construction
  • Industrial machinery
  • Others
• Manufacturing Type
  • Sand casting
  • Die casting
  • Investment casting
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • France
    • Italy
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased simulation-based castings
• Rise in demand for aluminum
• Technological advancements in non-ferrous castings

However, the market also witnesses some limitations, which are as follows:

• Concerns related to maintaining quality control and defects
• Need for high initial investment
• Replacement of metals by plastics

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Market Scope in Non-Ferrous Castings Market Research Report

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Research Analysis Overview

The Non-Ferrous Castings Market encompasses various processes such as Lost Wax Casting, Shell Molding, Green Sand Casting, Ceramic Shell Casting, Vacuum Casting, Gravity Die Casting, Permanent Mold Casting, and Semi-Permanent Mold Casting. Precision Casting is also a part of this market. The use of Casting Simulation Software and Design Software, Foundry Automation Systems, and Quality Control measures including Defect Analysis, Cost Optimization, Material Selection, Process Selection, and Optimization, Production Capacity expansion, Market Segmentation, Industry Competition, Technology Advancements, Regulations, Certifications, and Standards are essential in this industry.

Market Research Overview

The non-ferrous castings market encompasses the production of aluminum, brass, bronze, copper, magnesium, and other non-ferrous metal castings. This market segment falls under the broader category of commodity chemicals, which includes manufacturers of industrial and basic chemicals, such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. According to Technavio, the global commodity chemicals market size is determined by the combined revenue generated from these sectors. Key growth drivers for this market include the increasing demand for lightweight, corrosion-resistant materials, particularly in the plastic packaging industry, where plastic is the most widely used material worldwide. The continuous innovation in the market, driven by this demand, has significantly influenced the use of chemicals in the production of plastic packaging materials.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/