ALUMINUM DIE CASTING PRODUCT SEGMENTATION from buzai232's blog

ALUMINUM DIE CASTING PRODUCT SEGMENTATION
The popularity of aluminum has expanded to many applications around the world today, driving competitive market shares primarily for its distinctive features such as lightweight; corrosion resistance, high electrical and thermal conductivity, high stability for complex shapes and high tensile strength. The transportation sector is the largest end-use segment for this industry. The increasing emission laws by the government regulatory authorities, along with consumer demand for a higher fuel-efficient vehicle is developing a necessity for aluminum casting. An example of increased operations for the industry includes the replacement of iron and steel components in a vehicle with lightweight high-quality aluminum in order to increase the fuel efficiency. The Aluminum die cast product is ideal for electronic connectors and housings die to its excellent electrical performance and shielding properties, even in high-temperature environments.aluminum die casting process

Another sector regarding the aluminum die casting demand includes building and construction in developing economies particularly in the Asia Pacific region. Aluminum Die Casting is associated with the creation of products including windows, cladding, curtain walling, prefabricated buildings, shop partitions, and fittings. Also, aluminum die casting products are used in aerospace operations or airplanes all around the world. The aerospace industry wants to produce a more dense and larger quality product at lower costs for these air-frame components as aircraft continue to grow in size along with population rates.

aluminum casting revenueAccording to Transparency Market Research, the Asia Pacific region accounts for over the half the share in the global market for aluminum castings. In the years ahead, the region is expected to further increase its share by pulling in the maximum Compound Annual Growth Rate of 5.3% during the forecast period between 2017 and 2025, and the powerhouse of China taking most of the credit. This market region is expected to become US $22.67 bn by 2025. Another important driving force includes the regions of Europe and North America in the global market for aluminum castings. While Europe is expected to register a Compound Annual Growth Rate of 5.1% during the forecast period to become worth US $9.45 bn, and the North America regions is expected to rise at a Compound Annual Growth Rate of 4.9% to become worth US $4.22 bn by the end of the year 2025. The statistics provided in this article express the importance in future Aluminum Die Casting growth for global production needs.