Latin America Aluminum Die Casting Market Size & Outlook

Pressure die casting was the largest segment with a revenue share of 77.66% in 2022. Horizon Databook has segmented the Latin America aluminum die casting market based on pressure die casting covering the revenue growth of each sub-segment from 2017 to 2030.

Central & South America is anticipated to witness the lowest CAGR compared to other regions of the global aluminum die casting market. The growth in the region was impacted in 2020, with the emergence of the COVID-19 pandemic, which can be reflected in the GDP of Central & South America that contracted by around 8% in the same year.

With governments initiatives toward economic recovery, the impact of the COVID-19 pandemic is expected to deteriorate, which is anticipated to augment the demand for aluminum die casting over the coming years. FDI is also likely to benefit market growth in the region.

Moreover, the increasing solar installations and upcoming construction projects are anticipated to augment the aluminum die casting market growth in the region in the coming years. Brazil, Argentina, Chile, Peru, and Uruguay are the prominent countries in the region, which are leading solar power generation owing to the favorable climatic conditions of high irradiation.