Industry News

About the die casting industry

2023-05-30

There is a surge in demand for lightweight and durable parts across various industries, which is driving the growth of the die casting industry. The die casting process is widely used to create metal parts with complex shapes and high tolerances.
From 2020 to 2025, the die casting market will grow at a Compound Annual Growth Rate (CAGR) of 6.4%, according to a recent report by ResearchAndMarkets.com. Die casting is growing in popularity among the automotive, aerospace, and defense industries due to a growing demand for lightweight parts. Die casting has become more precise and efficient thanks to advances in technology. As a result of the use of computer-aided design (CAD) and simulation tools, the process has become much more accurate and faster. Further, die .00 technology reduces energy and waste consumption while increasing production rates, making it a highly sustainable method of manufacturing. The die casting industry is poised for even greater growth in the years ahead due to the increasing demand for high-performance and lightweight materials. An array of industries will benefit from die casting's combination of technology and innovative processes.

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