Aluminum Alloy Die Casting Industry Status

As an important part of the manufacturing industry, aluminum alloy die casting industry has shown a strong momentum of development and broad market prospects in recent years.

As an important producer and consumer market of aluminum die casting parts, China's market scale continues to expand. In recent years, the market size of China's aluminum die casting industry has continued to expand, increasing from 393 million yuan in 2019 to 450 million yuan in 2020, with a growth rate of about 14.1%. It is predicted that in the next few years, China's aluminum die casting market will continue to grow.

Because of its light weight, corrosion resistance, high strength and other characteristics, aluminum alloy die casting is widely used in automotive, aerospace, electronics, construction and other fields. Especially in the context of increasing demand for lightweight automotive and aerospace high-performance parts, the market demand for aluminum die casting continues to grow.

With the continuous progress of die casting technology and industrial upgrading, the quality and performance of aluminum die casting parts have been significantly improved, further promoting the expansion of market demand. For example, in the field of new energy vehicles, aluminum alloy die casting has become an important choice for key parts because of its high strength, wear resistance, fatigue resistance and corrosion resistance.

At present, the competitive pattern of China's aluminum die casting industry shows the characteristics of decentralization, and the market concentration is relatively low. The industry is filled with a large number of smes, while there are also some companies with technological advantages and brand influence gradually emerging, such as LTH Castings, KPSNC, Jaya Hind Industries and others.

The Chinese government has always attached importance to the development of the aluminum die casting industry, and has introduced a series of relevant policies to support the healthy development of the industry. These policies include technological innovation support, environmental policy support and market expansion support.