France Aluminum Casting Market Outlook (2018 to 2032)

Year Value
2018 1.49
2019 1.54
2020 1.6
2021 1.66
2022 1.73
2023 1.79
2024 1.86
2025 1.93
2026 2.0
2027 2.08
2028 2.18
2029 2.29
2030 2.4
2031 2.52
2032 2.64
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France Aluminum Casting Market Outlook (2018 to 2032)

Synopsis
The above chart is France Aluminum Casting Market Outlook (2018 to 2032)

Market Dynamics

france has been one of the leading countries in casting with nearly 1000 foundries and 12000 companies in the supply chain. the global aluminum casting market outlook for 2018 to 2032 forecasts a growth in both the supply and demand of aluminum castings. the increased use of aluminum casting has been driven primarily by the automotive, aerospace, defense, and other industrial sectors. there has also been a shift towards the production of die-cast aluminum parts instead of machined parts. this shift has been due to the increased strength and weight savings of die-cast aluminum components. the automotive industry in france alone accounted for over 50% of total aluminum casting demand in 2017. automotive production is expected to continue to drive aluminum casting demand in the coming years. as the regulation programmes for emissions and fuel economy standards become stricter in france, automotive manufacturers are investing in lightweight aluminum components to give them the required performance and stability. this is expected to drive a healthy growth in aluminum casting demand in the country in the next few years. additionally, the aerospace industry is expected to see a rise in demand for aluminum castings throughout the forecast period. airplane manufacturers in france are increasingly using aluminum components for structural and controlling components due to superior qualities such as strength, durability, and non-corrosive nature. in 2018, around 25% of the total aluminum casting demand for france came from the aerospace industry which is expected to continue to grow. the overall outlook for aluminum castings in france is expected to remain positive. along with the growth in automotive and aerospace sectors, the increased use of aluminum components in industrial applications and buildings is expected to further propel the demand for aluminum casting in france. thus, with the expected growth in automotive, aerospace, and industrial sectors, the future outlook for the french aluminum casting market looks optimistic. further technological advancements and innovation in aluminum casting processes and products are expected to drive future growth in this market.

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