San Jose, California - The rising strength of <link _top>aluminum die-castings in recent years is mostly traceable to automotive industry, which has experienced considerable growth in sales of cars and light-duty trucks. These motor vehicles witnessed a significant increase in use of components such as <link _top>die-castings made of aluminum.
Europe is the largest <link _top>aluminum die-castings market in the world and is projected to exceed 4.6 billion pounds by the year 2012, as stated by Global Industry Analysts, Inc. Asia-Pacific region, which has been witnessing increased manufacturing activity of automotives, is projected to register a CAGR of more than 6.6% during the five year analysis period, 2008-2012.
Automotive/internal combustion engines market is the largest and the fastest growing end-use segment in the global <link _top>aluminum die-castings market. The segment is projected to exceed 12.6 billion pounds by the year 2012, reflecting a CAGR of 5.3%, over 2008-2012 period. Demand for <link _top>aluminum die-castings in Industrial, Commercial & Defense market is projected to reach 1.1 billion pounds by 2012.
An emerging trend in <link _top>die-castings is the increasing co-operation between end-users and <link _top>die-casters. Increasing competition, pricing pressures, and faster lead times are necessitating these co-operations. Additionally larger <link _top>die-casters are also being given the role of assembling small parts, and finishing jobs such as painting or plating of parts. The report states that apart from savings realized through such co-operations, the quality of products would also improve as design or quality issues are resolved before commercial production, thereby providing for a healthier business environment.
Key players dominating the global <link _top>aluminum die-castings market include Alcast Company, Alcoa Howmet Castings, Bodine Aluminum Inc., Consolidated Metco Inc., Contech US LLC, Dynacast Inc., Gibbs Die Casting Corp., Honsel GmbH & Co. KG, Intermet Corporation, J. L. French Automotive Castings Inc., Kaiser Aluminum Corporation, Leggett & Platt Inc., Los Angeles Die Casting Company, Rio Tinto Alcan Inc., Rochester Aluminum Smelting Canada Ltd., Ryobi Limited, Shanghai Cosmopolitan Automobile Accessory Co. Ltd., and Trident Components Group Ltd.
The report titled "<link _top>Aluminum Die-Castings: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends and issues, technology barriers, metal casting industry, and aluminum industry. The report also enumerates recent developments, mergers, acquisitions and other strategic industry activities. The study analyzes market data and analytics in volume sales for major geographic markets, including the US, Canada, Japan, France, Germany, United Kingdom, Italy, Spain, Russia, Asia-Pacific, Middle East, and Latin America. End-Use segments analyzed include Automotive/Internal Combustion Engines; Industrial, Commercial & Defense; Consumer OEMs; and Computers and Telecommunications.
