The latest report by IMARC Group, titled “Aluminum Die Casting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” finds that the global aluminum die casting market size reached US$ 28.2 Billion in 2019. Die casting is the process in which metals are molten under high pressure in the mold cavities to manufacture products of different shapes, sizes and thickness. Aluminum alloys have excellent durability, stiffness, electromagnetic interference (EMI) and radio frequency interference (RFI) shielding properties, and high electrical and thermal conductivity. Owing to these properties, they are widely used for non-expendable die casting. These alloys can be used in single or multiple cavity dies, unit die or a combination of dies, depending on the production requirement.
Global Aluminum Die Casting Market Trends:
Cast aluminum is versatile, corrosion-resistant and can retain high dimensional stability with thin walls. It also helps in creating lighter parts with more surface finishing options than other die cast alloys. On account of these characteristics, aluminum die casting has gained rapid traction across the globe. Apart from this, aluminum castings find applications across various industrial verticals. They are utilized in a broad range of networking and infrastructure equipment, handheld devices, and electronic connectors and housings in the telecom and computing industries. Besides this, due to the strict regulations implemented by the environmental protection agencies, the leading manufacturers are using aluminum casts in lightweight vehicles as a weight reduction strategy to control automobile emissions. Moreover, with the advent of latest technologies, more sophisticated and modern machines are being used to provide consistent quality control for the manufacturing of commercial, consumer and industrial products. Looking forward, the market value is projected to reach US$ 52.1 Billion by 2025, expanding at a CAGR of 10.6% during 2020-2025.
Market Summary:
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