Aluminum Die Casting Industry Trends Market

Aluminum Die Casting Industry Trends Market Size Analysis, Industry Outlook, & Region Forecast, 2020-2027

The global Aluminum Die Casting Industry Trends is forecasted to reach USD 57.85 Billion by 2027, according to a new report by Reports and Data. The growing construction industry is likely to fuel the growth of the market. It is also expected that a significant increase in commercial and residential construction will boost demand for aluminum die casting in the next few years. Rapid urbanization has generated a wave of renovation and remodeling activities, increasing demand for aluminum in the construction industry. Along with growing investments in the construction industry, the rise in infrastructure to keep up with lifestyle changes contributes to increased demands. Product innovation and customization are just a few parameters which drive market growth and increase Owing to the high precision imparted by this method, aluminum die casting is a natural process for casting aluminum around the globe. Aluminum is a metal that is 2.5 times lighter than steel, the primary trigger expected to improve the salted time Aluminum Die Casting Industry Trends. Growing adoption of high-strength and lightweight castings is projected to drive demand for finished products, particularly in the automotive sector. Owing to fuel efficiency regulations, manufacturers depend on these goods.

 

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Key companies operating in the market and profiled in the report include: Walbro, Alcoa Corporation, Gibbs Die Casting Corporation, Dynacast, Consolidated Metco Inc., Ryobi Ltd., Bodine Aluminum Inc., Matinea Honsel Germany GmbH, Aluminum Corporation of China Ltd., and Alcast Technologies among others.

The competitive landscape is estimated through the key geographical regions owing to the developments and advancements made by the top companies operating in these regions. Regional analysis includes North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The section also covers a country-wise analysis to offer insights into production and consumption ratio, supply and demand patterns, import/export, consumer demand, emerging trends, regulatory framework, and economic growth of the regions.

Regional analysis covers:

North America (U.S.A., Canada, Mexico)

Europe (U.K., Italy, Germany, France, Rest of Europe)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Aluminum Die Casting Industry Trends Segmentation based on Type:

Production Process Outlook (Revenue, USD Billion; 2017-2027)

Pressure Die Casting

High-Pressure Die Casting

Low-Pressure Die Casting

Others

Chamber Process Outlook (Revenue, USD Billion; 2017-2027)

Hot Chamber Aluminum Die Casting

Cold Chamber Aluminum Die Casting

End-user Outlook (Revenue, USD Billion; 2017-2027)

Automotive & Aviation

Pumps & Valve

Industrial Components

Construction

Packaging

Others

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Further key findings from the report suggest

Asia Pacific was the largest region, with nearly 47.4% market share in 2019. Rising demand for cars in countries such as China and India is expected to drive growth over the forecast period. Advantages such as cheap labour costs in China and India are encouraging manufacturers to establish regional production facilities.

Policy programs to promote the automotive industry around the world are intended to encourage business growth. For example, Canadian government programs such as the Automotive Supplier Development Program aid automotive suppliers with their production technologies and processes.

Aluminum helps to monitor the temperature around the battery modules in warm or cold weather by using its thermal transfer capabilities. Thus, the transport segment from aviation to the automobile will drive the growth in demand for aluminum die casting during the forecast era.

The aluminum has an excellent resistance to corrosion, which provides a significant boost for the market in industries where casting parts are required to be used in humid and humid environments. It is also anticipated that the sustainable cost reduction due to the fair price of aluminum die-casting items would provide a significant increase in the market size.

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