Alcoa Corporation, Martinrea Honsel Germany GmbH, and Wagstaff Inc. were Dominated the Global Aluminum Casting Market in 2020

The Global Aluminum Casting Market is expected to grow with a CAGR of 7.9% in the forecast period of 2021 to 2028. The years considered for the study are as mentioned below.

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The global aluminum casting market is a highly consolidated market, including a specific number of key and local players. The market has witnessed increased strategic developments owing to favourable market scenarios.

The major players dealing in the global aluminum casting market are introducing a strong range of product portfolios. This helped companies to maximize sales with an enhanced product portfolio.

For instance,

  • In September 2020, Alcoa Corporation announced the expansion of its Sustana line of products by introducing EcoSource, the industry’s first low-carbon, smelter-grade alumina brand. This development helped the company to increase its customer base and revenue in the near future
  • In April 2019, Wagstaff Inc. started expanding its Spokane Valley-based aluminum castings equipment manufacturing site by adding a 55,900-square-foot new building. With this development, the company will enhance its reach in the domestic and global market

Aluminum Casting Market Alcoa Corporation

Alcoa Corporation has headquarters in Pittsburgh, U.S., and was founded in the year 1888. The company is engaged in operational excellence and leadership in producing bauxite, alumina, and aluminum products. The company has wide categories such as bauxite, alumina, aluminum, out of which the focused product category is aluminum. The company has a wide global presence across Europe, North America, South America, Asia-Pacific, the Middle East, and Africa. The company have subsidiaries which are Aluminerie De Becancour Inc. (Canada), Alcoa Fastening Systems Limited (India), Eastalco Aluminum Company (U.S.), Maaden Aluminium Company (Saudi Arabia), Arconic Global Fasteners & Rings, Inc. (U.S.), and others

Martinrea Honsel Germany GmbH

Martinrea Honsel Germany GmbH has headquarters in Meschede, Germany, and it was found in 1908. The company manufactures aluminum components for engines, transmissions, chassis, the body of passenger cars and commercial vehicles, and mechanical engineering, and other applications. The company offers a wide range of product categories such as automotive, non-automotive, out of which automotive is the market-focused industry category. The company has a wide presence in Germany, Spain, Brazil, Mexico, and China.

Wagstaff Inc.

Wagstaff Inc. has headquarters in Washington, U.S., and was found in 1946. The company is engaged in the design, development, supply, and service of the systems and equipment required to produce primary aluminum ingot and billet using direct chill (DC) casting methods in cast houses worldwide. The company offers a wide range of product categories: APEX Ingot Casting Technology, AutoCast 2020, Aerospace Ingot and Billet Casting, Billet Casting, Ingot Casting, and Casting Machines Automation, Mold Table Mounting Systems, Trough Metal Level Control.  Aerospace Ingot and Billet Casting, Billet Casting, Ingot Casting is the market-focused category. The company has a wide presence in the U.S, Netherlands, Russia, UAE, and China.