Many industry insiders agree that the die casting market will maintain an upward growth trajectory in coming years with recent industry-wide projections painting a particularly positive sales outlook for most aluminum die casting companies in 2023.
At the same time, some unique trends will define the industry this year and for the next five years. From new technological innovations to new die casting methods, regulatory shifts to diversification, it’s a whole bevy of trends and changes. Here are some of the industry trends you should be looking forward to this year:
Automation in Aluminum Die Casting
One of the key trends in aluminum die casting in 2023 is full automation with new automation solutions expected to come to market. Aluminum die casting has always relied on highly efficient and accurate industrial automation solutions. We will see new solutions and partnerships with automation providers, especially on the use of AI and robotics in industry automation with die casting being one of the focus applications.
From a customer’s perspective, the adoption of new automation methods and solutions in aluminum die casting can mean better pricing due to increased efficiency, improved production quality, new applications, etc. For instance, a recent partnership between Toyota and Siemens (both automation solutions providers) aims to use AI to predict abnormalities in production involving aluminum die casting.
Several other players are working on similar technologies with this being the golden age of artificial intelligence, so expect this trend to feature heavily in 2023. As a customer, you can be excited about these new developments and look forward to better things in the industry’s value chain. You can also invest in automation solutions that take advantage of the end product you get from aluminum die casting companies to improve your production process and reduce costs.
New Aluminum Die Casting Methods
Like most other manufacturers, aluminum die casting companies are constantly experimenting with new methods and techniques and looking for new ways to create high-quality metal products. Many die casting stakeholders are investing innovation and R&D owing to market demand. This will definatly improve efficiency, production costs, and the quality of the end product which overall great for everyone including the customers.
In 2023, we will see more and more adoption of modern die casting methods and techniques that will have an impact on the entire aluminum manufacturing value chain. The following are some of the modern die casting methods you are likely to see being used more in 2023 and beyond:
Low-Pressure Die Casting
This is a relatively modern aluminum die casting method where molten aluminum is injected into a die under low pressure using a plunger pump or any other mechanism. Manufacturers today use this method to produce high-strength aluminum parts that incorporate intricate designs and features.
Vacuum Die Casting
Vacuum die casting has gained popularity in recent years, especially in electronics and automotive parts manufacturing. This method involves injecting molten aluminum into a die under a vacuum. The vacuum is used to fill the die cavity thus eliminating the need for external pressure sources. It favored because it minimizes porosity and surface defects.
Thinwall Die Casting
More metal die casting companies are utilizing thinwall die casting for complex thin-walled die-cast aluminum parts that have enjoyed great demand in recent years. Thinwall die casting involves injecting aluminum liquid into a die under pressure. Thinwall aluminum die casting is likely to enjoy great demand in 2023 as electronic and automotive manufacturers rush to meet the demand for parts and new products.
Squeeze Die Casting
Squeeze die casting is another modern method that you are likely going to enjoy a lot of usage in many industries where intricate parts are needed. It involves using a plunger to force liquid aluminum into a die under very high pressure.
Increased Demand for Aluminum Die Cast Products
There is no doubt that demand for aluminum die cast products will hit a record high in 2023 and possibly well into 2024 and beyond. Many manufacturers were adversely hit by the 2019 supply chain crisis occasioned by the 2019 pandemic. Many of them were either forced to scale back or halt production as they were unable to source parts and raw materials for at least two years. As economies recover and supply chain challenges subside, there is bound to be great demand for aluminum die cast parts across industries.
Industry stats show a medium-term surge in the demand for die cast parts mainly driven by the ever-growing electrical auto-manufacturing industry, construction, electronics, and industrial machinery manufacturing. Aluminum still takes about 80 percent of the die casting market according to industry stats from Mordor Intelligence, mainly because it is lightweight and cost-effective.
Expanding Aluminum Die Cast Market
Big economies in the west have been the dominant players in the aluminum die cast market with countries like the United account for close to a third of total sales. However, data indicates an ever-expanding market for lightweight aluminum die cast products, especially in emerging markets in the Middle East, parts of Asia and Africa. To cater to these new markets, we’ll likely see more aluminum die casting companies establishing a presence beyond their traditional markets.
Increased Diversification
Diversification to new product and service lines in aluminum die casting is one trend that will continue in 2023 as new technologies come to market. Increasingly, innovative aluminum die casting companies are diversifying into CNC machining, tooling, parts manufacturing, and related areas to cater to the demand and increase revenues.
All in all, every trend in the die casting industry points to a busy and exciting 2023 for aluminum die casting companies and their clients alike. New technologies, increased automation, demand growth for die cast products, and other developments will shape the industry this year.
Sunrise Metal is your one-stop precision aluminum die casting company in China. With years of experience and a global customer base, Sunrise Metal has the potential to deliver on any project, both big and small.