The popularity of aluminum has expanded to many applications in the world today, mainly because of its unique features (such as light weight) and winning a competitive market share. Corrosion resistance, high conductivity and thermal conductivity, high stability and high tensile strength of complex shapes. The transportation industry is the largest end-use area of the industry. Increasingly stringent emission regulations by government regulators and consumer demand for more fuel-efficient cars are making aluminum castings a necessity. An example of increased operations in the industry includes replacing steel components in vehicles with lightweight, high-quality aluminum to improve fuel efficiency. Aluminum die-casting products are ideal for electronic connectors and shell molds, and have excellent electrical and shielding properties even in high temperature environments.
Another industry with demand for aluminum die castings includes the construction industry in developing economies, especially in the Asia-Pacific region. Aluminum die castings are related to the creation of products, including windows, cladding, curtain walls, prefabricated buildings, store partitions and accessories. Moreover, aluminum die-casting products are also used in the aerospace industry or airplanes all over the world. As aircraft sizes and population proportions continue to grow, the aerospace industry hopes to produce higher-density and higher-quality products for these airframe components at a lower cost.
Aluminum castings revenue According to transparent market research, the Asia-Pacific region accounts for more than half of the global aluminum castings market. In the next few years, the region is expected to further increase its share by pulling the highest compound annual growth rate of 5.3% during the forecast period from 2017 to 2025, and China's power will receive the greatest honor. It is estimated that by 2025, the market area will reach 22.67 billion US dollars. Another important driving force includes Europe and North America in the global aluminum casting market. Europe’s compound annual growth rate during the forecast period is expected to reach 5.1%, reaching 9.45 billion U.S. dollars, while North America is expected to grow at a compound annual growth rate of 4.9%, reaching 4.22 billion U.S. dollars in 2004. By the end of 2025. The statistics provided in this article show that the future growth of aluminum die castings is important to meet global production demand.
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