Nov 6, 2017   SOURCE: BusinessWire

Global Die Casting Market - Projected to Touch USD 80 Billion by 2022 - Research and Markets

The "Global Die Casting Market - Industry Trends, Size, Shares and Forecast (2017 - 2022)" report has been added to Research and Markets' offering.

The global die casting market was valued at USD 55.47 billion in 2015 and is projected to touch USD 80 billion by 2022. The market is poised to grow at a CAGR of over 6.60% during the forecast period from 2017 to 2022.

Rules levied by OSHA and initiatives by NADCA to improve the technical workforce in the die-casting industry are expected to improve the overall production of the die-casting market. NADCA is working with several community colleges in the United States to create a die-casting farm system. This initiative was undertaken mainly due to the increased automation and a demand for higher skills from the workforce. The end market for die-casting is quite prolific and saw an increase of 17.1 million units in 2015 from 16.3 million units in 2013. The market for magnesium die-casting is expected to grow at a higher CAGR of 10.0% over the coming 5 years, while that of zinc is expected to grow at a slower pace.

The automobile industry is highly dependent on the Environmental Protection Agency regulations, owing to the high emissions of the automotive units. The move by the EPA to raise the mile per gallons standards to 35.5 mpg by 2017 and then 54.5 mpg by 2025 has actually helped the die-casting industry, as the auto industry concluded that the only way they can get to those mileage standards is by light-weighting the vehicles. Aluminum, and specifically aluminum die-castings in many of the power train and engine areas is the one important way in which they could achieve this. This is one of the major reasons for the predicted growth of the industry in the area of structural die-castings as well.

Companies Mentioned

  • Alcoa Inc.
  • Brillcast Manufacturing
  • Citic Die Casting
  • Dynacast
  • Empire Die Casting Company
  • Endurance Group
  • Engtek Group
  • Faist Group
  • Georg Fischer Limited
  • Gibbs Die Casting Company
  • Grupo Antolin-Irausa, S.A.
  • Interplex Holdings Limited
  • Ka Shui Group
  • Kspg Ag
  • Others

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Key Findings of the Study

5. Market Overview and Technology Trends

6. Market Dynamics

7. Global Die Casting Market Segmentation, by Production Process

8. Global Die Casting Market Segmentation, by Application

9. Global Die Casting Market Segmentation, by Raw Material

10. Global Die Casting Market Segmentation, by Geography

11. Competitive Landscape

12. Key Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/k6569h/global_die