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 governments 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
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