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Development trend of high pressure casting

  • Author:ZHOU YUAN
  • Source:www.xy-global.com
  • Release on:2021-10-16
High pressure casting is a metal casting process characterized by the application of high pressure to molten metal using a die cavity. Molds are usually machined from stronger alloys, a process somewhat similar to injection molding. Most die castings are iron-free, such as zinc, copper, aluminum, magnesium, lead, tin, and lead-tin alloys and their alloys. Depending on the type of die casting, either a cold chamber die casting machine or a hot chamber die casting machine is required.

In 2019, the global aluminum alloy high pressure casting market was about $41.3 billion. According to the statistics of ResearchAndMarkets, the global market space of aluminum alloy high pressure casting is about 41.3 billion US dollars in 2019. The market is expected to grow to 59.7 billion yuan in 2024, with a five-year CAGR of 7.7%.

According to the announcement of each company, the current global automotive high die casting aluminum parts industry pattern is more scattered, the global high die casting aluminum leading Nemak and George Fischer in 2019 market share is less than 10%, mainly high die casting aluminum parts variety, supply chain level is more, and there is a strong local supporting demand. However, with the contraction of overseas leading enterprises' investment in the heavy asset industry and the further increase of labor costs in Europe and the United States, the global penetration space of domestic high-pressure casting enterprises opens up, ushering in the replacement window period.