Global Die Casting Market to Surge to $120B by 2034, Driven by EV and 3C Demand

Published: Jun 17, 2025 11:36

Save

[SMM Magnesium News] Global die casting market to grow from $82B (2024) to $120B by 2034 (4.7% CAGR), fueled by lightweight demand in EVs/3C sectors. Mg/Al die-casting gains traction for battery housings/aerospace components, with Asia-Pacific as key growth hub. Integrated casting tech & recycled metal applications are transforming the industry.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

8 hours ago

Tungsten Market Transaction Recovery Provided Support, Tungsten Prices Showed Signs of Stopping Falling After Over Two Months of Decline Exceeding 61% [SMM Commentary]

8 hours ago

13 hours ago

【SMM Analysis】Ferrochrome Mill Tenders Closed Flat; Market Remains Weak and Stable

On May 22, TISCO announced its tender purchase price for high-carbon ferrochrome for June at 8,295 yuan per 50 metric base tons. Tsingshan Group set its price at 8,495 yuan per 50 metric base tons simultaneously. Both prices were unchanged month-on-month from May, largely in line with market expectations. Market sentiment has stabilized, and retail prices of ferrochrome have halted their decline and leveled off.

13 hours ago

14 hours ago

Tungsten Raw Material Transaction Center Rebounded Slightly, End-Use Demand Still Needs Attention Going Forward [SMM Tungsten Daily Review]

[SMM Tungsten Daily Review: Transaction Center of Tungsten Raw Materials Rebounded Slightly, End-Use Demand Still Requires Attention Going Forward] SMM May 27: Today, the tungsten market saw moderate trading activity, with increased market inquiries. The transaction center for upstream ore and APT spot orders shifted upward, and market transaction prices gradually converged toward mainstream long-term contract prices in the industry. Some APT enterprises chose to seal their offers and hold back from selling, actively tightening market circulation. The overall market exhibited a slight rebound, but attention still needs to be paid to industry inventory clearing conditions going forward.

14 hours ago