The automotive application is anticipated to dominate the worldwide die casting market during the anticipated timeframe. More than 30% of all materials utilised in autos as of 2020 were polymers and non-ferrous metals. Currently, 30–40% of a car's components are made of aluminium alloys, which are mostly produced using the high pressure die casting technique. Die casting sales are anticipated to grow significantly as a result of rising automotive market advancements, expanding use of die casting components in industrial machinery, and high-speed manufacturing in the car industry.
The global Die Casting Market was valued at US$ 62.3 Bn in 2020 and is expected to reach US$ 106.5 Bn by 2028 at a CAGR of 7.2% between 2021 and 2028.
Market Leaders in the Die Casting industry:
1. Alcast Technologies
Alcast Technologies Ltd. was formed as a subsidiary of Saltfleet Aluminum Foundry in 1994. It has headquarters situated in Ontario, Canada.
2. Arconic
Arconic Corporation manufactures and sells fabricated aluminum sheets, plates, extrusions, and architectural products and systems in the United States and internationally. Arconic Corporation was founded in 1888 and is headquartered in Pittsburgh, Pennsylvania. In November, 2022 Arconic Corporation announced that its Board of Directors approved a two-year share repurchase program authorizing the repurchase of up to $200 million of common stock.
3. Consolidated Metco, Inc.
Founded in 1964, ConMet is a leading global manufacturer of components for the commercial vehicle industry. The company has headquarters situated in Vancouver, WA.
4. Dynacast International Inc.
In 1912, Dynacast, a Form Technologies' company, works with organizations all over the world, helping bring their ideas to life with the highest quality die cast components on the planet. The company has headquarters situated in Charlotte, NC.
5. Gibbs Die Casting
In 1965, Gibbs was established by Bob Gibbs deliver technically challenging, high volume and complex cast, machined, and assembled products to our global customers. It has headquarters situated in Henderson, KY.
6. Leggett & Platt
Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide. The company was founded in 1883 and is based in Carthage, Missouri.
7. Endurance Technologies Ltd.
Founded in 1985, Endurance Technologies Ltd. grown to have 27 strategically located manufacturing facilities near our OEMs. The company has headquarters situated in Aurangabad, India.
8. Empire Die Casting Company
Empire is an Aluminum & Zinc Die Cast Company that was founded in 1948. The company has headquarters situated in Macedonia, OH.
9. Alcoa Inc.
Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company was founded in 1886 and is headquartered in Pittsburgh, Pennsylvania.
10. Nemak S.A.B. de C.V.
Nemak, S. A. B. de C. V. develops, manufactures, and sells aluminum components for powertrain, e-mobility, and structural applications to the automotive industry in North America, Europe, and internationally. Nemak, S. A. B. de C. V. was incorporated in 1979 and is based in Garcia, Mexico. Nemak, S. A. B. de C. V. opearates as a subsidiary of Ford Motor Company.
*Definition- Die casting is a manufacturing process that produces intricately shaped metal components using reusable moulds called dies.
