The global die casting market size was US$ 61.1 billion in 2021. The global die casting market size is forecast to reach US$ 96.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2022 to 2030.

Die casting is an automated casting method in which a liquid melt flows into a mold at a fast-filling speed (up to 540 km/h) and under high pressure (150 to 1200 bar). Typically, low-melting-point alloys are employed. Because, unlike sand casting, this casting process is particularly well suited to the series and bulk production of components. There are two types of die casting components: hot-chamber dies casting and cold chamber die casting. Prior to the casting process in both manufacturing techniques, the mold is sprayed with a release agent to guarantee that the subsequently cast item may withdraw easily from the mold.

Factors Influencing Market Growth

• Among the factors driving the global market include the development of the automotive market, growing penetration of die casting parts in industrial machinery, increasing construction sector, and utilizing aluminum casts in electrical and electronics.
• Disturbance in raw material supply, a spike in raw material prices, and environmental restrictions on emissions for the metallurgy industries may slow down the overall market growth.
• With the major development of the automotive sector and the rising beginning in supply chain complexness, this factor is forecast to fuel the global market growth.

Impact Analysis of COVID-19 

The COVID-19 pandemic had a negative impact on the global market growth. The government worldwide imposed a lockdown in order to curb the spread of the COVID-19. As a result, a shortage of workforce and raw materials disturbed the supply of die casting components and has negatively influenced the market. Nevertheless, the gradual opening of production facilities and the introduction of vaccines for COVID-19 disease are forecast to recover the die casting market during the forecast period.

Regional Insights

Europe garnered the fastest growth in 2021 and is forecast to have lucrative growth in the market during the forecast period. The rising demand for fuel efficiency and the government’s emission norms drive the die casting market growth. With the growing demand for luxury automobiles, light metal castings, especially aluminum high-pressure die cast parts, fuel the regional market growth. In addition, increasing demand for lightweight auto parts in the automotive industry is likely to drive market growth in the region.

Leading Competitors

The leading prominent companies profiled in the global die casting market are:

• Form Technologies Inc. (Dynacast)
• Nemak
• Endurance Technologies Limited
• Sundaram Clayton Ltd.
• Shiloh Industries
• Georg Fischer Limited
• Koch Enterprises (Gibbs Die Casting Group)
• Bocar Group
• Engtek Group
• Rheinmetall AG
• Rockman Industries,
• Ryobi Die Casting Ltd.
• Linamar Corporation,
• Meridian Lightweight Technologies
• Sandhar Group
• Alcoa Corporation
• Other Prominent Players

Scope of the Report

The global die casting market segmentation focuses on Application, Process, Raw Materials, and Region.

Segmentation based on Application

• Automotive
• Electrical and Electronics
• Industrial
• Other Applications

Segmentation based on Process

• Pressure Die Casting
• Vacuum Die Casting
• Squeeze Die Casting
• Other Processes

Segmentation based on Raw Materials

• Aluminum
• Magnesium
• Zinc

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America