Aluminum Die Casting Market by Process (High Pressure Die Casting, Low Pressure Die Casting, Vacuum Die Casting, Gravity Die Casting, Squeeze Die Casting, and Others), End Use (Transportation, Industrial, Building & Construction, Telecommunication, Consumer Durables, Energy, and Others): Global Market Size Estimates and Forecast (2022-2030)

BMIRE00026590 | Pages: 100 | Chemicals and Materials | Oct 2022 | Type: Global | Status: Published

The market crossed US$ 72.5 billion mark in 2022 and is expected to hit US$ 122.8 billion by 2030, recording a CAGR of 6.8% during the forecast period.

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Increased government initiatives towards energy saving and lowering the carbon emission to drive the market growth

Rising demand for aluminium casts in the electrical and electronics sector coupled with increasing penetration of die casting parts in the automotive industry is augmenting the market growth globally. Factors such as lowering the carbon emission and increased government initiatives towards energy saving are also contributing to the market growth. Additionally, the emerging construction equipment sector and automotive sector along with the prevalent energy conservation trends across developing regions is significantly affecting the growth of the aluminum die casting market.

Within the report, the market is segmented into process, end use, and geography. By process, the market is further segmented into high pressure die casting, low pressure die casting, vacuum die casting, gravity die casting, squeeze die casting, and others. By end use, the market is categorized into transportation, industrial, building & construction, telecommunication, consumer durables, energy, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Increased demand for lightweight vehicles is bolstering the market growth

Die casting is a process of metal casting in which molten metal is enforced into a mold cavity under extremely high pressure, they are basically used to produce complex shapes with consistency accuracy, and precision. It provides more freedom for design and also increases flexibility to manufacture complex parts. Aluminum is the most common metal used for die casting. The rapid implementation of stringent governmental regulations to curb automobile emissions and increasing fuel efficiency, have catalysed the demand for lightweight, non-ferrous metals in the automobile industry. For instance, based on the strict emission laws implemented by the United States Environmental Protection Agency, several manufacturers are using aluminum casts in lightweight vehicles as a weight reduction strategy as well for controlling automobile emissions in the US. This factor is contributing to the aluminum die casting market growth.

Rising adoption in various end uses is one of the major factors accelerating the market growth

The end users for aluminum die casting are transportation, industrial, building & construction, telecommunication, consumer durables, energy, and others. The qualities of aluminum such as resistance to corrosion increase the feasibility of aluminum die casting products for a variety of applications. Aluminum metal castings are used to manufacture window frames, roof superstructures, and building frames owing to their strength and light weight. This factor is propelling the market growth. Moreover, the rising replacement of iron and steel due to the changing consumer preferences is impacting the market growth on a positive note. The automobile and consumer durables industry is a major user of aluminum die casting products, due to increased demand for automobiles and consumer products. Furthermore, the military and defense sector’s growing investment in lightweight weapon systems is a major driver.

Recent strategic developments in aluminum die casting market

The aluminum die casting market has undergone several significant developments, and a few of these have been mentioned below:

  • In March 2020, Martinrea International Inc., a company engaged in planning, development, & production of propulsion systems & lightweight constructions, acquired the operational components business segment of Metalsa S.A. de C.V. This deal added 6 plants to the company with facilities in the US, Mexico, Germany, South Africa, & two in China. The planned initiative is expected to push the development of Martinrea International Inc., thus expanding its product portfolio & client base.

The aluminum die casting market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. GF Casting Solutions, Dynacast Deutschland GmbH, Consolidated Metco Inc., Martinrea, Honsel Germany GmbH, and Shiloh Industries Inc. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Window and building frames providers
  • Various industry players
  • Carbon emission-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Consumer durables component suppliers
  • Automotive industry players
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Process:
    • High Pressure Die Casting
    • Low Pressure Die Casting
    • Vacuum Die Casting
    • Gravity Die Casting
    • Squeeze Die Casting
    • Others
  • End Use
    • Transportation
    • Industrial
    • Building & Construction
    • Telecommunication
    • Consumer Durables
    • Energy
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • GF Casting Solutions
    • Dynacast Deutschland GmbH
    • Consolidated Metco Inc.
    • MartinreaHonsel Germany GmbH
    • Shiloh Industries Inc.

The List of Companies
- GF Casting Solutions
- Dynacast Deutschland GmbH
- Consolidated Metco Inc.
- MartinreaHonsel Germany GmbH
- Shiloh Industries Inc.

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