Australia Automotive Parts Magnesium Die Casting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Australia Automotive Parts Magnesium Die Casting Industry Overview

Australian automotive parts magnesium die casting market is dominated by several key layers such as A.F. Dicasters, Dicast Australia Pty Ltd., Magnium Australia, Bühler AG, and others. Several key players are investing in the country to enhance the manufacturing facilities, which in turn is likely to witness major growth for the market during the forecast period.

For instance, in May 2022, the Australian government made a significant commitment by allocating USD 25.75 million to support Magnium Australia in the construction of a magnesium plant located in Rockhampton. This state-of-the-art facility will employ CSIRO-patented technology to efficiently produce a remarkable annual output of up to 120,000 tonnes of pure magnesium metal.

Meridian Light Weight Technologies emerged as the single largest supplier of magnesium automotive die-cast components in 2019. The key players in the market have focused their revenues on R&D to come up with better production processes and alloys. This strategy will assist in the production of premium quality die-cast parts for the automotive and industrial sectors. The key players have also expanded their reign globally through various mergers, expansions, and acquisitions.