Mexico 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. Magnesium die casting market in Mexico is expected to grow substantially with a large proportion of the magnesium diecasting migrating to Mexico in the wake of the US anti-dumping duties on imports of magnesium metal.
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 Mexico automotive parts magnesiumdie casting market, analyzes the current market trends in Mexico, 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 Mexico automotive 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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