Argentina Automotive Parts Magnesium Die casting Market - Growth, Trends, Forecast (2015-2020)
The growth in the automotive parts magnesium die casting market is witnessed as the automakers continue to drive down the weight of the produce. This has become an emergency agenda to meet the tough new emission standards. The domestic auto parts promotion law in Argentina included benefits for purchases of locally manufactured parts for domestic automobile manufacturing, internal combustion engines, gearboxes and axis differential. Programa de Desarrollo de la Industria Autopatista Nacional – a national program launched to foster the local auto parts industry is a significant step for the future of automotive parts die casting industry in Argentina, as the automotive industry is seeking parts of lighter weight and which are durable to enhance fuel efficiency.Argentina state and local governments have lured foreign investors by providing auto manufacturing industry with a variety of incentives such as free land, tax incentives, government-funded education programs and promise of infrastructural investment. This has led to OEMs expanding their manufacturing footprint beyond the traditional manufacturing zones in Latin America are sourcing the individual parts including die casting parts from the suppliers at cheaper prices.
Pace Industries, Magic Precision Inc., Meridian Lightweight Technologies, Morimura Bros Inc., Ryobi Die Casting Inc., Gibbs Die Casting Group and Georg Fischer Limited are some of the key players in the market.
Magnesium being a low-density metal can be used to create very low-weight castings. Boasting of its non-corrosive nature, magnesium casting can be used as under body materials in automobiles while are exposed to harsh environmental conditions. Ability to form casting with RFI and EMI shielding, high electrical conductivity, full recyclability, high impact & dent resistance, exceptional damping capacity, low inertia, higher scope of application as alternative to thermoplastics due to light-weight feature are some of the major factors driving the growth of magnesium market in the automotive parts die casting industry. The single-piece die-cast engine cradle in Chevrolet Corvette Z06, 2011 made it one of the lightest-high performance models available in the market.
The market is segmented based on the production process type, by application type and by geography type. In a nutshell, automobile makers are now focusing on collaborating with the part die casting manufacturers in order to produce fuel-efficient and lightweight automobiles.
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This report on Argentinaautomotive parts magnesiumdie casting market, analyzes the current market trends in Argentina, in detail. This report offers the technical aspects and economic data of the market and its forecast to the next 5 years (2015-2020). It also discusses the latest technologies in the Argentinaautomotive magnesiumdie castingalloys and parts that are under development and in research pipeline. This report provides the list of major players in the market and gives an in depth analyst perspective of what makes the products and strategies of these players stand out.
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