Europe Automotive Parts Die Casting Market Growing in Revenue Making CAGR of 7% by 2023 with Acme Refining, Chem Trend, Chemtool, Henkel, Cross Chemical, Hill And Griffith, Quacker, Maclube and More

The Europe automotive parts die casting market is expected to touch USD 12 billion by 2020. The market is expected to register a CAGR close to 7% during the forecast period. Germany accounted for the largest market share over 25% in 2017.

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Environmental Regulations

The growing market for light weight vehicles to reduce COu2082 emissions is identified as one of the primary drivers for growth in this market. European Comission has targeted to reduce the vehicle emissions to an average fleet emission of 175g CO2/km by 2017 and 147g CO2/km by 2020 for the light vehicle segment. Manufacturers were mandated to meet the emission targets of 175g CO2/km in 70% of the commercial vehicle fleet in 2014 and are expected to do so in 75% of their LCVs in 2015, 80% in 2016, and 100% of their fleet by 2017. As a result, major OEMs shifted their focus on manufacturing lightweight automobiles. In addition, the demand for sturdy, corrosion-resistant and stable automotive components has driven the demand for aluminum, magnesium and zinc die-cast components.

Key Developments in the Market

December 2017: Sandhar Technologies and Daeshin Machinery form joint venture

January 2017: Dynacast acquires Taurus ’80, a precision zinc die casting company.

Major players:

ACME REFINING, CHEM TREND, CHEMTOOL, HENKEL, CROSS CHEMICAL, HILL AND GRIFFITH, QUACKER, MACLUBE, J&S CHEMICAL CORP

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Technology Trends

The introduction of simulation-based castings is one of the key trends that will drive the growth prospects for the global die casting market in the forthcoming years. The simulation-based casting process is used to produce components that are cost-effective, have high-precision, and reliable. This casting process involves various benefits such as it ensures an easy and accurate fault detection. Simulation-based manufacturing results in reduced wastage and operational costs. Additionally, they can also predict defects and their location easily and more precisely than the conventional method.

Reasons to Purchase this Report
• The report analyses how the rising emission norms in Europe will impact automotive die casting industry.
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
• The report analyses which raw material will dominate the Europe automotive die casting industry.
• The regions that are expected to witness fastest growth during the forecast period.
• Identify 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

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