Die casting is the method of producing the metal parts formed by the die(mould). The products are made with high degree accuracy and reliability with mass scale of production. Products which are formed by the zinc die casting are used in many ways like door locks, inertia disks, retractor gears, pigeon gears and the sensor components and others. Ductility, strength and weight management are making zinc products unique from others. However, zinc dies casting parts small when compared to the aluminium and magnesium when observed as a whole.
APAC Automotive Parts Zinc Die Casting Market Size & Growth:
APAC Automotive parts zinc die casting market valued at $2.62 billion in 2018 and estimated to reach a value of $3.10 billion in 2024 at CAGR of 2.89 %. Key points like a rapidly growing automotive industry with the rise in the demand for lightweight materials, energy saving trend and the favorable government initiatives are accelerating this market and the factors like price of zinc is expected to escalate over next five years and to run out of the ores in the zinc mines are hampering
APAC Automotive Parts Zinc Die Casting Market Share:
APAC Automotive parts zinc die casting market classified by type, by raw material, by application, and by geography. By the type, they are segmented as vacuum die casting, pressure dies casting, squeeze die casting and semi-solid casting. By raw material, they are segmented as aluminium, magnesium, zinc, and others. By application, they are segmented into engine parts, passenger car, body assemblies, transmission parts, commercial car and other applications. By geography, they are segmented as China, Japan, India, Australia & New Zealand. APAC is having the tremendous growth in the forecast period as has got plenty of resources around China and India is growing market for the providence of the raw material to the manufacturing companies, giving the other reason to the dominance of this region.
APAC Automotive Parts Zinc Die Casting Market Trends:
APAC Automotive Parts Zinc Die Casting Market Research Reports Includes:
Starting from $2700
Starting from $2700
Starting from $2700
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