| Press Release
North America & Asia Aluminum Die Casting Market Report 2020-2027: Analysis & Forecasts by Production Process - Pressure Die Casting, Others
ResearchAndMarkets.com s offering. The North America and Asia aluminum die casting market size is anticipated to reach USD 33.49 billion by 2027, expanding at a CAGR of 7.1% from 2020 to 2027.
Increasing demand from the transportation industry for lightweight elements is anticipated to propel market growth.
The market growth is propelling owing to the benefits of both aluminum alloy and die casting process. Aluminum is alloyed with copper or silicon in die casting as it is prone to cracking or shrinking at high temperatures. Characteristics of aluminum, such as lightweight and high corrosion resistance, make it applicable in producing components with thin walls and complex shapes and those that will face exposure to electrical or thermal energy. Benefits of die casting include enhanced quality, delivering a long service