South Korea Automotive Parts Zinc Die casting Market 2021-2026 soaring demand in future scenario CAGR of 3% with Sandhar technologies Ltd, Brillcast Manufacturing LLC

Latest research on South Korea Automotive Parts Zinc Die casting Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the South Korea Automotive Parts Zinc Die casting market. This report included a special section on the Impact of COVID19. Also, South Korea Automotive Parts Zinc Die casting Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the South Korea Automotive Parts Zinc Die casting industry.

South Korea Automotive Parts Zinc Die casting market is growing at a CAGR of 3% during the forecast period (2021-2026).

The South Korea Automotive Parts Zinc Die casting market is highly competitive and consists of a number of major players. Top Companies like Sandhar technologies Ltd, Brillcast Manufacturing LLC, Empire Casting Co, Dynacast, Pace Industries, Ningbo Die Casting Company, Kemlows Diecasting Products Ltd, Cascade Die Casting Group Inc, Ashook Minda Group

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Scope of the Report

- 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 low cost, zinc dies casting produces low-level emissions in air and water.

- In order to reduce automobile emissions and increase fuel efficiency, CAF standards and EPA policies 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 the automotive segment of the market. Although heavier than aluminum, the lower cost of these parts and higher intricacy allowance make them more suitable in certain applications.

- As compared to other die casting parts, zinc die casting parts are usually equipped with better mechanical properties, like toughness, and offer higher surface finish and lower thermal shock during casting (as a result of their lower operating temperature).

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Key Market Trends

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. Japan is in the process of introducing new emission norms that are based on the Euro VI norms. As South Korea is leading exporter of cars, these norms have impacted on the industry

South Korea - Leading the Market Growth

The automotive parts zinc die casting market is dominated by Asia-Pacific, followed by Europe and North America. With the growth in vehicle light-weight and broader energy-saving trends, as well as the expanding industrial and manufacturing sectors, the automotive parts zinc die casting market has grown substantially in the Asia-Pacific region. South Korea is consolidating its position, with strong domestic and external demand for high-quality zinc die-cast components at lower prices. The aforementioned factors are driving the market for automotive parts zinc die casting in the Asia-Pacific region

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: South Korea Automotive Parts Zinc Die casting Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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