NEW YORK, May 14, 2021 /PRNewswire/ -- The global aluminum casting market by process (die casting, permanent mold casting, and others), application (automotive, heavy machinery and industrial, aerospace and defense, construction, and others), and geography (APAC, Europe, North America, MEA, and South America) has been added to Technavio's offering. The global aluminum casting market is expected to grow by 5,944.80 thousand MT, at a CAGR of over 6% during 2021-2025.
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The imposition of lockdowns and other restrictions by governments worldwide in 2020 severely impacted the growth of several industries such as automotive and defense. Also, most aluminum cast manufacturers were compelled to temporarily halt their production activities, which created disruptions in the supply chain. However, the resumption of manufacturing activities in Q4 2020 and the removal of lockdowns and restrictions are likely to enhance the market growth in 2021.