The usage of zinc-die casting is almost 28% in the automotive industry, for applications like inertia disks, retractor gears etc., followed by the building and hardware sectors. Along with merits like resistance, versatility, toughness, and being low priced, zinc-die casting produces a low-level emission in air or water. Asia-Pacific is the largest market for automotive parts zinc die casting, and is forecasted to grow with a CAGR of 1.74%.
Owing to the India’s and China’s growth as automotive component suppliers to rest of the automobile industry, the Asia-Pacific region occupied a share of 53.03% in 2016. Despite Aluminum-die casting industry capturing majority of the market in die casting industry, Zinc is still utilized by majority of the companies in Asian and South American Markets. Electronics, hardware are some of the industries that produce Zinc-die casted parts significantly higher in volume than compared to automotive industry.
Growing Demand for Fuel Efficient and Light-weight Vehicles
The global miniature zinc-die casting parts market is largely driven by the supply chain complexities in the die casting industry and the expanding automotive market. CAFÉ standards and EPA policies, in order to cut down automobile emissions and increase fuel efficiency, are driving the automakers to reduce the weight of the automobile by employing lightweight non-ferrous metals.
Employing die-cast parts as a weight reduction strategy is a major driver for die-casting market in the automotive segment. Though it is heavier than aluminum its lower cost and higher intricacy allowance make it more suitable in certain applications. Compared to other die casting parts, zinc-die casting parts are usually equipped with better mechanical properties like toughness, and also offer higher surface finish because lower thermal shock during casting as a result of its lower operating temperature.
The global automotive parts zinc-die casting market witnesses opportunities coming in the form of increasing electric vehicle sales which require higher density of lightweight components. Major companies, such as Dynacast, are focusing on identifying affordable raw materials and alloys that offer better durability.
Source: Mordor Intelligence Analysis
As of 2017, Asia-Pacific was the largest market for miniature zinc-die casting parts market and is expected to slow down while that in the European Union is expected to gain significant pace over the forecast period. This is due to the fact that the die casting market in the APAC region is losing its competitive advantage, owing to high labor costs and other production costs. The market for zinc-die casting in automotive sector is fairly high in the European countries of Czech Republic, Germany, Italy, Turkey, Spain, and Ukraine owing to the stringent emission norms like EEA, EMEP CAFÉ standards in place.
In comparison to other alloys such as aluminum, zinc alloys allow the designer to create smaller draft angles, thinner wall sections and smaller cored holes. Also, the casting costs are comparatively low and there is a saving in terms of tools owing to their much longer life. These merits of zinc being used in manufacturing the automotive parts are driving the investments in the automotive parts zinc-die casting industry. In Aug, 2017, Ontario’s Eastern Ontario Development Fund rewarded, over USD137,000, to help Dynacast die-casting company with four new state-of-the-art zinc-die cast machines. This move is intended to bring more export business to Peterborough.
Major Players: Dynacast, AMT Die casting, Brillcast Manufacturing, C palmer Die casting, Dart Casting Inc. among others.
Base Year for Estimation
2018 – 2023
Revenue in USD million and CAGR from 2018 – 2023
Revenue forecast, market share analysis, and market dynamics
Reasons to Purchase this Report
- Various perspectives of the market with the help of Porter’s five forces analysis
- The application type that is expected to dominate the market
- The countries that are expected to witness the fastest growth during the forecast period
- The latest developments, market shares, and strategies employed by the major market players
- 3 months analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
1.1 Scope of the Market
1.2 Executive Summary
2. RESEARCH METHODOLOGY
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Methodology
3. MARKET OVERVIEW
3.1 Current Market Scenario
3.2 Technology Trends
3.3 Industry Attractiveness – Porter’s Five Forces Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Competitive Rivalry Within the Industry
4. MARKET DYNAMICS
5.MARKET SEGMENTATION BY APPLICATION (MARKET SIZE, GROWTH, AND FORECAST)
5.4 General Hardware
5.5 Other Applications
6. REGIONAL SEGMENTATION ((MARKET SIZE, GROWTH, AND FORECAST)
6.1 North America
6.1.1 United States
6.1.4 Rest of North America
6.2.1 United Kingdom
6.2.4 Rest of Europe
6.3.4 Rest of Asia-Pacific
6.4 Rest of the World
7. COMPETITIVE LANDSCAPE
7.2 Market Share Analysis**
8. COMPANY PROFILES (OVERVIEW**, PRODUCTS**, AND KEY DEVELOPMENTS**)
8.1 AMT Die casting
8.2 Ashok Minda Group
8.3 Brillcast Manufacturing Llc
8.4 C Palmer Die Casting
8.5 Carteret Die Casting Corporation
8.6 Cascade Die Casting Group, Inc.
8.7 Chamundi Die Cast (P) Ltd
8.8 Continental Casting Llc
8.9 Dart Casting Inc.
8.10 Dor, Ltd.
8.12 Ikd Co. Ltd
*List not Exhaustive
**Subject to Availability on Public Domain