Brazil Automotive Parts Magnesium Die casting Market - Growth, Trends, Forecast (2015-2020)
Rima Group, Maxion Wheels, 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.
The Die Casting industry in Brazil is greatly controlled by the factors such as labor wages and electricity price, which are major issues for the automobile industry. However, in the context of Brazil, there seems to be a plenty of potential in the arena of energy saving and overall cost reduction, which can provide necessary impetus to the die casting industry. Key players such as Dynacast and Gibbs have employed resource tools to overcome these issues and now reap much higher benefits through reduction in their energy costs by almost 30-40%.
Brazil had witnessed a considerable growth in the metallurgy and material die casting market over the past couple of years. Highly matured die casting market in North America and spiking automobile sector in the region were the major driving factors for the increasing Die Casting parts market in the country. Brazil 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 promises of infrastructural investment. This made the OEMs to expand their manufacturing footprint beyond the traditional manufacturing zones in South America and now are found to source the individual parts including die casting parts from the suppliers at cheaper prices. Protectionist policies in Brazil are giving the local suppliers further competitive advantage in the region over suppliers located abroad.
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 Brazilautomotive parts magnesiumdie casting market, analyzes the current market trends in Brazil, 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 Brazilautomotive 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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