North America Non-ferrous Castings Market was valued at USD 10 Billion in 2022 and is projected to reach USD 15 Billion by 2030, growing at a CAGR of 5.8% from 2024 to 2030.
The North American non-ferrous castings market plays a vital role in various industries, offering specialized components for applications ranging from automotive to industrial machinery. Non-ferrous castings are metals that do not contain iron, such as aluminum, copper, brass, and bronze, making them a preferred choice due to their resistance to corrosion and ability to maintain strength at high temperatures.
One of the primary drivers of demand in this market is the automotive industry. Automakers seek lightweight and durable materials for vehicle components to improve fuel efficiency and reduce emissions. Non-ferrous castings, particularly aluminum, are widely used for engine blocks, transmission cases, and wheels. In fact, aluminum castings make up a significant portion of the materials used in vehicles, due to their combination of strength, lightweight properties, and ability to withstand heat.
Beyond the automotive sector, aerospace is another significant application for non-ferrous castings. Aircraft manufacturers require materials that are both lightweight and capable of withstanding extreme stress and temperatures. Aluminum and titanium castings are commonly used for engine parts, landing gear, and structural components, ensuring the safety and efficiency of air travel.
The industrial machinery sector also plays a major role in shaping the demand for non-ferrous castings. Components such as gears, pumps, and valves, often cast in non-ferrous materials like bronze, are essential in heavy machinery operations. These materials are selected for their resistance to wear, corrosion, and the ability to maintain integrity under high-pressure conditions, extending the lifespan of critical machinery parts.
As industries continue to focus on sustainability, non-ferrous casting materials are increasingly favored for their recyclability and lower environmental impact compared to ferrous alternatives. This trend is contributing to the growth of the North America non-ferrous castings market, as manufacturers strive to meet stricter environmental regulations and consumer demand for green products.
In summary, the North America non-ferrous castings market is witnessing growth across several industries, driven by the demand for lightweight, durable, and sustainable materials. The automotive, aerospace, and industrial machinery sectors continue to fuel this demand, while the push for environmentally friendly solutions ensures a promising future for non-ferrous casting innovations.
North America Non-ferrous Castings Market
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Alcoa
Dynacast
Hitachi Metals
Minerals Technologies
Precision Castparts
Rajshi Industries
Supreme Metals
FSE Foundry
Castwel Foundries
MRT Castings
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Non-ferrous Castings Market
Automotive
Machinery Manufacturing
Mold Processing Industry
Military Industry
Electric Appliances
Other
Based on Types the Market is categorized into Below types that held the largest Non-ferrous Castings market share In 2023.
Zinc Non Ferrous Casting
Copper Non Ferrous Casting
Aluminium Non Ferrous Casting
Other
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Non-ferrous Castings Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Non-ferrous Castings Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Non-ferrous Castings Market, By Type
6. North America Non-ferrous Castings Market, By Application
7. North America Non-ferrous Castings Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Non-ferrous Castings Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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