Global Aluminum Die Casting Market, By Casting Process (High Pressure Die Casting, Low-Pressure Die Casting, Vacuum Die Casting, Gravity Die Casting, Squeeze Die Casting), Chamber Process (Hot Chamber Aluminum Die Casing, Cold Chamber Aluminum Die Casting), End User (Automotive Components, Pumps and Valves, Industrial Component, Engineering Components, Construction, Packaging, Others) – Industry Trends and Forecast to 2029.
Aluminum Die Casting Market Analysis and Size
The castings business has experienced huge growth due to its expanding use in the automotive, construction and packaging industries. In addition, the vehicle industry has experienced rapid expansion, which has considerably boosted the market. In 2018, 95,634,593 automobiles were produced, according to the International Organization of Motor Vehicle Manufacturers (OICA). Moreover, growth of the building and construction sector is another factor boosting the growth of the market. The construction spending in U.S. increased by 1.7% from 2020 to 2021. The active utilization of castings in the military sector is also anticipated to boost the market's growth over the forecasted period.
Global aluminum die casting market was valued at USD 23.70 billion in 2021 and is expected to reach USD 50.07 billion by 2029, registering a CAGR of 9.80% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Aluminum Die Casting Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Casting Process (High Pressure Die Casting, Low Pressure Die Casting, Vacuum Die Casting, Gravity Die Casting, Squeeze Die Casting), Chamber Process (Hot Chamber Aluminum Die Casing, Cold Chamber Aluminum Die Casting), End User (Automotive Components, Pumps and Valves, Industrial Component, Engineering Components, Construction, Packaging, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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ICOA, Inc. (U.S.), Walbro (Italy), Consolidated Metco, Inc. (U.S.), Dynacast. (U.S.), Gibbs International, Inc. (U.S.), Ryobi Limited. (Japan), Aluminum Corporation of China Limited (China), Martinrea International Inc. (Canada), Endurance Technologies Limited. (India), Alcast Technologies. (Canada), Arconic (U.S.), TOYOTA MOTOR CORPORATION. (Japan), Leggett & Platt, Incorporated (U.S.), Rio Tinto (U.K.), RusAL. (Russia), GF Casting Solutions. (Germany), BUVO Castings (Netherlands)
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Market Opportunities
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Market Definition
The aluminum die casting is the process of making complex aluminum parts using a furnace, metal, die casting machine and a specific die. The aluminum alloys for die casting are melted in the furnace and then injected into the dies by the machine. Alloy 380.0 alloy is widely being used for die casting and can also cast aluminum alloys 360, 390 and 413. They also act as a metals' surface coating that display excellent corrosion resistance.
Global Aluminum Die Casting Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Numerous Benefits Of Wood Grain Powder Coating
Wood grain powder coating is basically an environmentally sustainable finish with the appearance of real wood and the tensile strength of aluminum. In contrast to aluminum, real wood is more likely to split, distort, or eventually rot, particularly under extreme circumstances. Aluminum's durability and wood's aesthetic appeal mix in a straightforward specification process. Every project can use a variety of textures, from light to dark and everything in between. Moreover, it doesn't contain any VOCs and meets with AMAA 2065 regulations, it is regarded as being ecologically friendly. Also, it is lightweight, scratch and peel-resistant, environmentally friendly, and does not rot, warp, or split. These beneficial features are estimated to carve a way for market growth.
- High Usage for Constructional Purpose
The aluminum castings are extensive used across construction industries. Aluminum die castings are widely popular among several building and construction industry segments because of their enhanced properties such as high strength and light weight. The aluminum casting are generally used for the window frames and other gazed structures ranging from shop fronts to large roof superstructures for shopping centers and others. They are also used for roofing, siding, curtain walling, and cast door handling. Also, it is lightweight, scratch and peel resistant, environmentally friendly. These beneficiary factors are driving the growth of the market over the forecasted period.
- Rising urbanization and population
The expansion of end use industries, coupled with the increase in urbanization and population, will further propel the growth rate of aluminum coatings market. Additionally, the rapid urbanization and industrialization in emerging countries, such as India, China, and Southeast Asia, will drive market value growth.
Opportunities
- Regulations boosting Demand for Die Casting
The favorable initiatives by government associated with environmental regulations to increase demand for aluminum die castings will further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. The European Commission and other federal government agencies create new laws and regulations, such as the Eco-product Certification Scheme (ECS). These regulations guarantee low or no harmful VOC emissions and a green and sustainable environment. Moreover, these regulations also state the use of light or reduced vehicular weight in order to reduce vehicular emissions. Government regulations in the US and Western Europe, especially those pertaining to air pollution, will also continue to support the use of cutting-edge, low-pollution coating technology.
Restraints/Challenges
- Easy availability of Substitutes
The easy availability of substitutes is the primary factor creating hindrances for the markets growth over the forecasted period. Magnesium is the best alternative available in the market in the place of aluminum which resolves vehicular weight related issues and reduces greenhouse gases emissions. This factor will obstruct the growth of the market over the forecasted period.
- Fluctuations in Raw Material Prices
The inconsistent raw material prices have a direct negative impact on the overall market’s growth. As a result, these fluctuations will pose as a major challenge the aluminum die casting market growth rate.
This aluminum die casting market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the aluminum die casting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Aluminum Die Casting Market
The recent outbreak of coronavirus had a negative impact on the aluminum die casting market. It seriously damaged the market due to the disruption of production activities and supply chains across the chemical industries due to the lockdown restrictions. The market faced disruption in supply chains, lesser availability of workforce, fluctuations in prices and availability of raw materials which hampered the market largely. However, with the gradual upliftment of restriction and restoration of business operations, the overall casting industry is expected to grow steadily. Also, the market is estimated to revive as individual regulatory bodies begin to relax these enforced lockdowns. The suspended and canceled operations will continue, and the market is estimated to expand.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent developments
- In 2020, Yoshiaki Muarakami fun launched JPY 25.9 billion hostiles bid for the Toshiba machine. The government promotes corporate governance to enhance management systems and make them more accountable to the investors.
Global Aluminum Die Casting Market Scope
The aluminum die casting market is segmented on the basis of casting process, chamber process and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Casting Process
- High Pressure Die Casting
- Low Pressure Die Casting
- Vacuum Die Casting
- Gravity Die Casting
- Squeeze Die Casting
Chamber Process
- Hot Chamber Aluminum Die Casing
- Cold Chamber Aluminum Die Casting
End User
- Automotive Components
- Pumps and Valves
- Industrial Component
- Engineering Components
- Construction
- Packaging
- Others
Aluminum Die Casting Market Regional Analysis/Insights
The aluminum die casting market is analyzed and market size insights and trends are provided by casting process, chamber process and end user as referenced above.
The countries covered in the aluminum die casting market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increasing use of aluminum coatings in various applications within the region.
Asia-Pacific is estimated to show lucrative growth over the forecast period of 2022-2029, due to the rapid economic development in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aluminum Die Casting Market Share Analysis
The aluminum die casting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to aluminum die casting market.
Some of the major players operating in the aluminum die casting market are
- ICOA, Inc. (U.S.)
- Walbro (Italy)
- Consolidated Metco, Inc. (U.S.)
- Dynacast. (U.S.)
- Gibbs International, Inc. (U.S.)
- Ryobi Limited. (Japan)
- Aluminum Corporation of China Limited (China)
- Martinrea International Inc. (Canada)
- Endurance Technologies Limited. (India)
- Alcast Technologies. (Canada)
- Arconic (U.S.)
- TOYOTA MOTOR CORPORATION. (Japan)
- Leggett & Platt, Incorporated (U.S.)
- Rio Tinto (U.K.)
- RusAL. (Russia)
- GF Casting Solutions. (Germany)
- BUVO Castings (Netherlands)
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