• Форма для литья под давлением тел.0086-750-5616188
  • 13392089688+86 13392089688
  • sales@zhongmei-tech.comsales@zhongmei-tech.com
nbanner
Industry Information
 

Global Die Casting Market is estimated to account for US$ 106.5 Bn by end of 2028, Says Coherent Market Insights (CMI)

    Date: 2021-8-17 Author:admin  

SEATTLE, Aug. 11, 2021 (GLOBE NEWSWIRE) — Die casting is a method of producing cast components made of aluminum, zinc, magnesium, or brass in an industrial setting. The molten metal is pushed into the die under tremendous pressure, which solidifies and is subsequently ejected. Several mold parts may be produced depending on the die. Die casting enables the production of components with extremely thin walls, smooth surfaces, and edges.

 

The global die casting market is estimated to account for US$ 106.5 Bn in terms of value by the end of 2028.

Market Drivers

1.Die casting market in the Asia-Pacific region is forecasted to be driven by the availability of a cost-effective labor force, government incentives policies for small and medium-sized enterprises, and a favorable domestic environment in the automobile sector.

Asia-Pacific die casting market is expected to grow at a faster rate due to the growing automobile industry. India and China are emerging as cost-effective die casting manufacturing hubs, due to the demand from industrial sectors, and increased application of die casting in windmills and telecommunications sector. The die casting market in the Asia Pacific region has increased because of the rising demand for automotive light weight vehicles as well as availability of cost-effective labor and lower manufacturing prices.

2.The growing market of lightweight vehicles in automobile industry is driving the global die casting market growth over the forecast period.

Automobile sector is heavily dependent on Environmental Protection Agency (EPA) rules. The Environmental Protection Agency’s (EPA) plans to boost mileage regulations to 54.5 mpg by 2025, this has forced the automobile manufacturers to change their approach, and switch to the usage of light-weight metals for automobile manufacturing. These factors are expected to accelerate the growth of the global die casting market.

3.Technological advancement in die casting is driving the die casting market growth.

An increase in adoption of high-pressure die casting technology (HPDC) is one such recent advancement in the die-casting industry, which is expected to drive the market growth. High-pressure die casting can quickly and efficiently produce large, light-alloy parts in large quantities. Molded parts produced with the HPDC method are considered to have better surface quality, higher homogeneity, and optimal mechanical characteristics. Moreover, automobile components can also be produced using high pressure die casting (HPDC).

Market Opportunity

  • The Gravity Die Casting method is forecasted to grow at the fastest rate in global die casting market.
  • Growing Foreign Direct Investment (FDI) in automobile sector is expected to drive the global die casting market.

Market Trends:

  1. Simulation die casting gaining major traction

Simulation provides virtual image of casting process from filling to solidification. Process simulation is an essential tool to obtain reliable and high-quality products avoiding the costs of trials as well as the production of expensive molds. Simulations in the pre-development phase can help to avoid design errors in cast parts at an early stage. Process simulation has numerous advantages. It enhances design collaboration with the downstream production chain in a cost-effective manner.

  1. Automobile application is driving the market trends of global die casting market

In the automobile sector, die-cast transmission parts include valve bodies, stators, and clutch pistons. The automobile manufacturers, globally, are using lightweight magnesium and magnesium alloys to reduce the overall vehicle weight.

Segmentation:

By Type:

  • Pressure Die Casting (High Pressure Die Casting and Low Pressure Die Casting)
  • Vacuum Die Casting, Squeeze Die Casting
  • Others (Semi-solid Die Casting)

By Material:

  • Aluminum
  • Magnesium
  • Zinc
  • Другие

By Application:

  • Automobile (Body Parts, Engine Parts, Transmission Parts, and Other Application)
  • Heavy Equipment (Construction, Farming, and Mining)
  • Machine Tools
  • Plant Machinery (Chemical Plants, Petroleum Plants, Thermal Plants, Paper, Textile, and Others)
  • Municipal Castings (Valves and Fittings, Pipes, etc.)
  • Others (Household Appliances, Art Objects, etc.)
Latest News
Creating a Die Casting Mold
Creating a Die Casting Mold
Creating a die casting mold is a complex process that requires precision, skill, and attention to detail. Die casting is a manufacturing process that involves injecting molten metal into a mold to produce high-quality, complex parts. These parts are used in various industries, such as automotive, aerospace, and electronics.The first...
Designing and Producing High-Quality Die Casting Molds for Industrial Applications
Designing and Producing High-Quality Die Casting Molds for …
Die casting is a manufacturing process in which molten metal is injected into a mold cavity under high pressure. It is used to produce high volumes of parts with complex shapes and tight tolerances. The quality of the die casting molds is crucial to the success of this process. In...
CNC Machined Aluminum Parts: Industry News and Technology Developments
CNC Machined Aluminum Parts: Industry News and Technology D…
With the transformation and upgrading of the manufacturing industry, CNC machining technology has become an indispensable part of modern manufacturing due to its high precision, high efficiency and high flexibility. Among many materials, aluminum parts are widely used in aviation, automotive, electronics and other industries due to their light weight,...
Cast Aluminum vs Extruded Aluminum: A Comparison of Two Manufacturing Methods
Cast Aluminum vs Extruded Aluminum: A Comparison of Two Man…
Aluminum is a popular choice in manufacturing due to its lightweight, corrosion-resistant properties, and high strength-to-weight ratio. However, there are different ways of manufacturing aluminum products, the two most common methods being cast aluminum and extruded aluminum. In this article, we will compare and contrast the two methods to help...
Precision CNC Machining: Achieving High-Quality Precision with Advanced Technology
Precision CNC Machining: Achieving High-Quality Precision w…
Precision CNC machining is a manufacturing process that utilizes computer numerical control (CNC) machines to achieve high levels of accuracy and precision in the production of complex parts and components. This advanced technology has revolutionized the manufacturing industry, allowing for faster production times, improved quality control, and enhanced overall efficiency....
Prototype Casting: Exploring the Art of Creating in English
Prototype Casting: Exploring the Art of Creating in English
Prototype casting is a fascinating art form that involves creating models or prototypes of objects using various casting techniques. It is a process that has been used for centuries to bring ideas to life and test their functionality before mass production. In this article, we will delve into the world...
Discover the Precision and Quality of High Pressure Die Casting Products
Discover the Precision and Quality of High Pressure Die Cas…
Introduction:   Highly competitive manufacturing industry, high pressure die casting has emerged as a popular manufacturing process for creating complex and intricately designed metal products. This article aims to explore the precision and quality of high pressure die casting products, highlighting the benefits and applications of this innovative technique.  ...
Application of Magnesium Alloy Material in Die Casting Die Foundry
Application of Magnesium Alloy Material in Die Casting Die …
Magnesium cast metal Magnesium is strong, hard, and fully recyclable, making it the ideal alloy to save weight when you don't want to sacrifice durability. Looking for Lightweight Die Castings? Talk to our engineering team about how to utilize magnesium. Advantages of Magnesium Die Castings There are many benefits to...