Tempered aluminium is known as cast aluminium. It is lightweight and is able to withstand high operation temperatures. The ability to cast complex shapes with low machining need is the major advantage of casting. Aluminium is preferred over steel and iron due to its superior mechanical properties. The corrosion resistant properties of aluminium make it extremely useful to make can and vessels, which can be used to store food and Beverages.
One of the major driving factors for Aluminum Casting Market growth is the lightweight property of aluminum that contributes toward major cost savings in the automobile and aerospace industries. It is also used in construction, industrial, electrical, kitchenware, and many other sectors. A major challenge hindering market growth is the high cost of aluminum coupled with the cyclic rise and ebb of the automotive industry.
Leading Companies in the Aluminium Casting Industry:
1) Alcoa Corporation
Alcoa Corporation, (Aluminium Company of America) is a Pittsburgh-based industrial corporation. It is the world's eighth-largest producer of aluminium Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary aluminium, fabricated aluminium, and alumina combined, through its active and growing participation in all major aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling. The company was founded in the year 1888, and the headquarters are located in Pittsburgh Pennsylvania, U.S.
2) Arconic Corporation
Arconic Corporation is an American industrial company specializing in lightweight metals engineering and manufacturing. Arconic's products are used worldwide in aerospace, automotive, commercial transportation, packaging, building and construction, oil and gas, defence, consumer electronics, and industrial applications. The company was founded in the year 2020, and the headquarters are located in Pittsburgh, Pennsylvania, U.S.
As of 2021, Arconic Corporation has launched several products, such as high-strength aluminium alloy for the aerospace industry and others.
3) Ryobi Limited
Ryobi Limited is a Japanese manufacturer of components for automobiles, electronics, and telecommunications industries. It also sells printing equipment, power tools, and builders' hardware. Products manufactured include Die Cast Product, Electric power tools, Lawn and garden equipment, Printing equipment and others. The company was founded in the year 193, and the headquarters are located in Fuchu, Hiroshima, Japan.
4) Aluminium Corporation of China Ltd.
Aluminium Corporation of China Ltd. is a Chinese company It is the world's second-largest alumina producer and third-largest primary aluminium producer (and the largest producer in China). The company is principally engaged in the extraction of aluminium oxide, electrolysis of virgin aluminium and the processing and production of aluminium as well as traded trading and engineering and technical services. The company was founded in the year 2001, and the headquarters are located in Beijing, China.
As of August 2002, the company acquired a 19% stake in Yunnan Aluminium from Yunnan Metallurgical General Co. for U.S.$ 986.67 Million.
5) United Company RUSAL,
United Company RUSAL, is the world's second largest aluminium company by primary production output. UC RUSAL accounts for almost 9% of the world's primary aluminium output and 9% of the world's alumina production. The Company offers primary aluminium including alloys and value-added products such as sheet ingots and billet, foil, and packaging materials. United Co RUSAL International conducts businesses across worldwide. Rusal was founded in the year 2000, and the headquarters are located in Moscow, Russia.
As of February 2023, the company started using end of life aluminium scrap in production of foundry alloys for automotive industry.
6 Rio Tinto Group
Rio Tinto Group is an Anglo-Australian multinational company that is the world's second-largest metals and Mining Corporation. The Company focuses on mining for aluminium, borates, copper, gold, iron ore, lead, silver, tin, uranium, zinc, titanium dioxide feedstock, diamonds, salt, and zircon. Rio Tinto serves clients worldwide. Rio Tinto also has significant operations in refining, particularly the refining of bauxite and iron ore. The company was founded in the year 1873, and the headquarters are located in London, United Kingdom.
In March 2022, Rio Tinto completed the acquisition of Rincon Mining's lithium project in Argentina for U.S.$ 825 million.
