Growth of Die Casting Market Analysis and Forecasts to 2021

MarketResearchNest.com adds “Global Die Casting Market 2017-2021” new report to its research database. The report spread across 77 pages with table and figures in it.
Research analysts forecast the global die casting market to grow at a CAGR of 4.99% during the period 2017-2021.

About Die Casting
Casting is a process, in which the liquid metal is poured into a mold that contains a hollow cavity of the desired shape. It is then allowed to solidify and is removed from the mold. Casting materials are usually metals or cold setting materials like epoxy, plaster, or clay that cure when mixed with other components. Casting helps in making complex shapes that are otherwise difficult to make by using other processes. Die casting is a process that can manufacture geometrically complex shaped metal parts using reusable molds (known as dies).

Covered in this report
The report covers the present scenario and the growth prospects of the global die casting market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Browse full table of contents and data tables at
https://www.marketresearchnest.com/global-die-casting-market-2017-2021.html

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Die Casting Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio recognizes the following companies as the key players in the global die casting market: Alcoa, Dynacast, and Precision Castparts.

Other Prominent Vendors in the market are: Alcast Technologies, Arconic, Brantingham Manufacturing (BMF), Cast-Rite, Consolidated Metco, Diecasting Solutions, Endurance Technologies, Georg Fischer, Gibbs Die Casting, GIS, Global Autotech, Gnutti Carlo, Hitachi Metals, JPM Group, Kurt Die Casting, Lakeshore Die Cast, Leggett & Platt, Linamar, Martinrea Honsel, MCL (MINDA), Meridian Lightweight Technologies, Montupet, Nemak, Newcast Die Casting, Pace Industries, QINGDAO TIAN HUA YI HE FOUNDRY FACTORY, Rane Holdings, Rockman Industries, Ryobi Die Casting, Samvardhana Motherson Group, Sandhar Technologies, Shiloh Industries, Sundaram Clayton, Texas Die Casting, Trident Components, TRIMET Aluminium, UCAL Fuel System, and VANAZ ENGINEERS.

Commenting on the report, an analyst from Research team said: “One trend in the market is X-ray casting defect recognition. Metalcasting industries have been utilizing the automatic or assisted defect recognition (ADR) in X-ray applications for many years. With the X-ray technology undergoing several technological upgrades in its tubes or the software incorporated with improved algorithms, it is slowly gaining impetus in the production process.”

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According to the report, one driver in the market is growing demand from aerospace and defense and telecom industries. Aluminum die casting process, along with forging techniques, is widely used in the aerospace and defense industry. Aluminum and other lightweight alloys are increasingly being preferred over steel for use in the manufacture of aircraft bodies and the equivalent parts, as these metals reduce the weight of the overall aircraft. In 2015, IBC Advanced Alloy delivered the first beryllium-aluminum “azimuth gimbal housing casting” to Lockheed Martin for use in the F-35 Lightning II Electro-Optical Targeting System.

Further, the report states that one challenge in the market is modern alternative casting processes gaining momentum. As a principle, the conventional high-pressure die casting (HPDC) process is considered to be very violent and turbulent. The alloy is poured into the cavities at a pressure that ranges anywhere from 2,845 psi to 14,223 psi. The molten aluminum can enter the die cavity at speeds ranging from about 0.01 miles/sec to 0.03 miles/sec. The extreme pressure and speed of the metal flow result in a lot of turbulence, and causes the entrapment of air. As the injection of the alloy takes place in a matter of milliseconds, the air in the cavity has insufficient time to escape.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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