Market Trends of Japan Automotive Parts Zinc Die Casting Industry
This section covers the major market trends shaping the Japan Automotive Parts Zinc Die Casting Market according to our research experts:
Rising Demand for Vacuum Die Casting and Enactment of Stringent Emission Regulations
Globally, countries have formulated stringent emission norms to cater to the cause of reducing global warming. Efforts are being made by governments worldwide, to minimize the negative effects of global warming and reduce the carbon footprint.
The European Union introduced the Euro VI norms in 2014, according to which, nitrogen oxide emissions must be below 0.4g/KWh and particulate emissions must be below 0.01g/KWh.
Earlier, pressure die casting was the majorly employed production process. However, the vacuum die casting process has been gaining popularity over the past couple of years, due to its better welding characteristics, higher mechanical strength, and lower gas porosity.
Passenger Vehicle Sales Driving Growth
Despite of a decline in demand for a couple of years in the region, owing to the factors such as the socio-political situation in the country, and uncertainty over future environmental regulation, the Japan passenger vehicle market still remains important market in the world. The market is well diverse with several different models available for end users with different fuel types.
Die casters in Italy now focusing on sourcing for better technologies to improve and enhance the quality of the castings. Further, the country's foundry industry is being recognized and endorsed by foreign enterprises resulting in a full swing development of foreign trade. All these factors together are expected to maintain a steady growth in the power train parts zinc die casting market in Japan.
