Die casting is a manufacturing process that involves pouring molten metal into steel molds. Molds, also known as tools or dies, are made of steel and are custom-made for each job. Die casting enables each component to be made with precision and consistency. Die casting alloys that are most often used include aluminum, zinc, and magnesium. Die casting has a number of benefits over other manufacturing techniques, which can result in considerable cost reductions, both in terms of the part price and the entire cost of production. When you cast a component, you may make complicated net forms with minimal draught angles such as exterior threads and intricate interior features to reduce secondary operations. Hot-chamber die casting is an excellent choice for alloys metal pots, cylinders, and plungers. It is used for zinc, certain magnesium alloys, and other low-melting alloys. Cold-chamber die casting is suitable for metals with high melting points including aluminum.
The method of die casting is mostly used in automobile industry. Zinc die casting parts for the automobile industry is known as hot chamber die casting. Zinc is heated until it melts, then it is pressed into a mold in the shape of the required automobile part. The metal is taken out from the mold when it is cooled and solidified. Non-ferrous materials with high fluidity and low fusion temperature such as zinc, alloys such as copper, aluminum, brass, magnesium, and tin-based alloys are commonly made using the die casting method. Approximately 50% of gears/wheels are made up of zinc-based alloys that are manufactured by the die casting process.
Market Dynamics
The increased demand for aluminum castings in the electrical and electronics sector along with the increasing penetration of die casting parts in the automobile industry is driving the global die casting market. High precision and digital machines are increasingly being utilized to increase the quality and durability of aluminum castings for industrial, automotive, and electronic applications, as casting technology improvements has boosted global die casting market growth. Furthermore, the expanding construction equipment industry as well as widespread energy conservation practices in developing regions like APAC and Latin America has had a major impact on the aluminum casting market's exponential expansion. Moreover, growing industrialization, especially in India and China has increased demand for aluminum castings in different sectors such as telecommunications, energy, and industrial components. The demand for lightweight, non-ferrous metals in the automobile sector has been accelerated by the fast adoption of strict government rules aimed at reducing automobile emissions and boosting fuel economy. The die casting industry is growing due to the implementation of strict emission standards by various nations and regions governments. Reduced vehicle weight is an essential step in lowering emissions, which leads equipment manufacturers to choose lightweight materials for automotive components such as magnesium and carbon fiber reinforced plastic. The market investigated is growing due to increased investments in innovation and automation sector. For instance in 2020, the Indian Institute of Technology (IIT), Madras, the US Army Research Laboratory, and the University of North Texas had discovered a unique magnesium alloy that could be used in the automobile sector to replace aluminum and steel alloys and improve vehicle fuel economy.
Key features of the study:
- This report provides in-depth analysis of global die casting market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021– 2028), considering 2020 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
- It profiles leading players in the global die casting market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
- Companies covered as a part of this study include Alcast Technologies, Arconic, Consolidated Metco, Inc., Dynacast International Inc., Gibbs Die Casting, Ryobi die casting Inc., Bodine Aluminum, Martinrea Honsel Germany GmbH, Leggett & Platt, Endurance Technologies Ltd., Empire Die Casting Company, Alcoa Inc., Hitachi Metals Ltd, Nemak S.A.B. de C.V., GF Casting solution AG, Shiloh Industries Inc., Rheinmetall Automotive AG, Sigma Electric Manufacturing Corp., Pace Industries, and Guangdong Yizumi
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
- The global die casting market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global die casting market
Detailed Segmentation
- Global Die Casting Market, By Type:
- Pressure Die Casting
- High Pressure Die Casting
- Low Pressure Die Casting
- Vacuum die casting
- Squeeze die casting
- Others (Semi-solid die casting)
- Global Die Casting Market, By Material:
- Aluminum
- Magnesium
- Zinc
- Others
- Global Die Casting Market, By Application:
- Automobile
- Body Parts
- Engine Parts
- Transmission Parts
- Other
- Heavy Equipment
- Construction
- Farming and Mining
- Machine Tools
- Plant Machinery
- Chemical Plants
- Petroleum Plants
- Thermal Plants
- Paper Plants
- Textile Plants
- Other
- Municipal Casting (Valves, Fitting and Pipes, Etc.)
- Other (Household Appliances, Art Objects, Etc.)
- Global Die Casting Market, By Region:
- North America
- By Type:
- Pressure Die Casting
- High Pressure Die Casting
- Low Pressure Die Casting
- Vacuum die casting
- Squeeze die casting
- Semi-solid die casting
- By Material:
- Aluminum
- Magnesium
- Zinc
- Others
- By Application:
- Automobile
- Body Parts
- Engine Parts
- Transmission Parts
- Other
- Heavy Equipment
- Construction
- Farming and Mining
- Machine Tools
- Plant Machinery
- Chemical Plants
- Petroleum Plants
- Thermal Plants
- Paper Plants
- Textile Plants
- Other
- Municipal Casting (Valves, Fitting and Pipes, Etc.)
- Other (Household Appliances, Art Objects, Etc.)
- By Country:
- Asia Pacific
- By Type:
- Pressure Die Casting
- High Pressure Die Casting
- Low Pressure Die Casting
- Vacuum die casting
- Squeeze die casting
- Semi-solid die casting
- By Material:
- Aluminum
- Magnesium
- Zinc
- Others
- By Application:
- Automobile
- Body Parts
- Engine Parts
- Transmission Parts
- Other
- Heavy Equipment
- Construction
- Farming and Mining
- Machine Tools
- Plant Machinery
- Chemical Plants
- Petroleum Plants
- Thermal Plants
- Paper Plants
- Textile Plants
- Other
- Municipal Casting (Valves, Fitting and Pipes, Etc.)
- Other (Household Appliances, Art Objects, Etc.)
- By Country:
- China
- India
- Japan
- Australia & New Zealand
- South Korea
- Rest of Asia Pacific
- Europe
- By Type:
- Pressure Die Casting
- High Pressure Die Casting
- Low Pressure Die Casting
- Vacuum die casting
- Squeeze die casting
- Semi-solid die casting
- By Material:
- Aluminum
- Magnesium
- Zinc
- Others
- By Application:
- Automobile
- Body Parts
- Engine Parts
- Transmission Parts
- Other
- Heavy Equipment
- Construction
- Farming and Mining
- Machine Tools
- Plant Machinery
- Chemical Plants
- Petroleum Plants
- Thermal Plants
- Paper Plants
- Textile Plants
- Other
- Municipal Casting (Valves, Fitting and Pipes, Etc.)
- Other (Household Appliances, Art Objects, Etc.)
- By Country:
- Germany
- Italy
- U.K.
- France
- Spain
- Russia
- Rest of Europe
- Latin America
- By Type:
- Pressure Die Casting
- High Pressure Die Casting
- Low Pressure Die Casting
- Vacuum die casting
- Squeeze die casting
- Semi-solid die casting
- By Material:
- Aluminum
- Magnesium
- Zinc
- Others
- By Application:
- Automobile
- Body Parts
- Engine Parts
- Transmission Parts
- Heavy Equipment
- Construction
- Farming and Mining
- Machine Tools
- Plant Machinery
- Chemical Plants
- Petroleum Plants
- Thermal Plants
- Paper Plants
- Textile Plants
- Other
- Municipal Casting (Valves, Fitting and Pipes, Etc.)
- Other (Household Appliances, Art Objects, Etc.)
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East and Africa
- By Type:
- Pressure Die Casting
- High Pressure Die Casting
- Low Pressure Die Casting
- Vacuum die casting
- Squeeze die casting
- Semi-solid die casting
- By Material:
- Aluminum
- Magnesium
- Zinc
- Others
- By Application:
- Automobile
- Body Parts
- Engine Parts
- Transmission Parts
- Other
- Heavy Equipment
- Construction
- Farming and Mining
- Machine Tools
- Plant Machinery
- Chemical Plants
- Petroleum Plants
- Thermal Plants
- Paper Plants
- Textile Plants
- Other
- Municipal Casting (Valves, Fitting and Pipes, Etc.)
- Other (Household Appliances, Art Objects, Etc.)
- By Country/Region:
- GCC Countries
- South Africa
- Rest of Middle East and Africa
- Company Profiles
-
- Alcast Technologies
- Company Overview
- Product Portfolio and Specifications
- Financial Performance
- Strategic Overview
- Recent Developments/Updates
- Arconic
- Consolidated Metco Inc.
- Dyncast International Inc.
- Gibbs Die Casting
- Ryobi die casting Inc.
- Bodine Aluminum
- Martinrea Honsel Germany GmbH
- Leggett & Platt
- Endurance Technologies Ltd.
- Empire Die Casting Company
- Alcoa Inc.
- Hitachi Metals Ltd.
- Nemak S.A.B de C.V
- GF Casting Solution AG
- Shiloh Industries Inc.
- Rheinmetall Automotive AG
- Sigma Electric Manufacturing Corp.
- Pace Industries
- Guangdong Yizumi
“*” marked represents similar segmentation in other categories in the respective section.
