Did you know that the foundry sector is going through a period of transformation?
In this article, we will explore the trends that are shaping this change, with particular attention to key materials such as aluminium, iron and steel, and the role of innovation and recycling in this context.
Aluminium: key to industry
Aluminium is becoming a key material for the future of European foundries. Its lightness, strength and high recyclability make it a preferred choice for various industrial sectors, especially the automotive.
We see continued growth in world primary aluminium production, from close to 50 million metric tons in 2012 to almost 75 million in 2023.According to Emergen Research, the global aluminium market is estimated to grow at a compound annual growth rate (CAGR) of 5.9% between 2023 and 2032.
According to a research report published by Spherical Insights & Consulting, the global electric commercial vehicle market will grow at a compound annual growth rate (CAGR) of 34.4% between 2021 and 2030. Playing aluminium a crucial role in the manufacture of larger batteries and lighter structures.
In addition, Europe stands out for its commitment to sustainability, recycling more than 90% of the aluminium used in sectors such as construction and transport (European Aluminium). This not only reduces the environmental footprint, but also strengthens the position of aluminium as a strategic material.
Iron and steel: essential
Although aluminium is gaining prominence, iron and steel remain essential materials in key sectors such as automotive and construction. Despite its more fluctuating performance, since 2018, world crude steel production has remained above 1.8 billion metric tons. The highest peak was recorded in 2021, with a production of 1,963 million tons. (World Steel Association and Statista)
By 2025, steel is expected to account for around 60% of the materials used in vehicle manufacturing, thanks to its strength, durability and versatility (Ferrostexar). In addition, advances in high-strength steels and the development of nano-structured steel are expanding its applications and ensuring its relevance in an increasingly demanding industrial landscape (General Motors).
Conclussions
But what conclusions can be drawn from all this?
Aluminium continues to expand its role in the industry thanks to its lightness, versatility and high recycling potential.
Iron and steel remain fundamental, standing out for their resistance and adaptability to new applications, and maintaining its relevance with the development of AHSS and nanosteels.
In this context, the key to maintaining and strengthening European leadership lies in prioritising technological innovation, encouraging recycling practices and focusing on sustainability as a focus of industrial development.
