Brazil Aluminum Casting Market Size & Outlook, 2022-2030
Brazil aluminum casting market, 2017-2030 (US$M)
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Brazil aluminum casting market highlights
- The Brazil aluminum casting market generated a revenue of USD 1,029.0 million in 2022 and is expected to reach USD 1,475.4 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.6% from 2023 to 2030.
- In terms of segment, die casting was the largest revenue generating process in 2022.
- Die Casting is the most lucrative process segment registering the fastest growth during the forecast period.
Aluminum casting market data book summary
| Market revenue in 2022 | USD 1,029.0 million |
| Market revenue in 2030 | USD 1,475.4 million |
| Growth rate | 4.6% (CAGR from 2022 to 2030) |
| Largest segment | Die casting |
| Fastest growing segment | Die Casting |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Die Casting, Permanent Mold Casting, Other Processes |
| Key market players worldwide | Alcoa Corp, Ramaco Resources Inc Class A, Bravo Mining Corp, Redwire Corp, Georg Fischer AG, Dynatrace Inc Ordinary Shares, Gibb River Diamonds Ltd, Ryobi Ltd, Martinrea International Inc, Toyota Industries Corp, Aluminum Corp of China Ltd Class H |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.1% of the global aluminum casting market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil aluminum casting market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,475.4 million by 2030.
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Aluminum Casting Market Scope
Aluminum Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil aluminum casting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aluminum casting market will help companies and investors design strategic landscapes.
Die casting was the largest segment with a revenue share of 78.81% in 2022. Horizon Databook has segmented the Brazil aluminum casting market based on die casting, permanent mold casting, other processes covering the revenue growth of each sub-segment from 2017 to 2030.
Brazil is among the key economies of Central & South America. The GDP of Brazil declined by around 5% in 2020. With emergence of coronavirus, various markets are projected to decline further owing to the weak macroeconomic environment and declining demand.
For instance, automotive production in the country is expected to decline by more than 22% in 2020. These factors, coupled with incapacitated economic policies of the country, is likely to present a huge challenge for the aluminum casting market in the country.
Before the plummet in 2020, the country had witnessed considerable investments in infrastructure developments, especially for the preparation of World Cup 2014 and Olympics 2016. These events had accelerated the infrastructural improvement activities and foreign direct investments and created a positive impact on the growth of the manufacturing sector in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil aluminum casting market , including forecasts for subscribers. This country databook contains high-level insights into Brazil aluminum casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil aluminum casting market size, by process, 2017-2030 (US$M)
Brazil Aluminum Casting Market Outlook Share, 2022 & 2030 (US$M)
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