U.S Automotive Parts Die Casting Market - Analysis of Growth, Trends, and Forecast (2018 - 2023)
The U.S automotive parts die casting market is expected to register a significant CAGR during the forecast period, 2018 to 2023.
The United States has one of the largest automotive markets in the world and is home to over 13 major auto manufacturers. Recent regulations, such as, the decision of environmental protection agency (EPA) to raise mile per gallon standards to 35.5 miles per gallon by 2016, and then 54.5 mpg by 2025 have induced automotive to source components for manufacturing lightweight vehicles. This in turn is expected to drive the market for automotive parts die casting industry in the country.
Rules imposed by occupational safety and health administration (OSHA) to develop the technical workforce in the die casting industry are expected to improve the overall production of the market. Moreover, initiatives by national air duct cleaners association (NADCA) to advance the technical workforce in the industry of die casting are also anticipated to foster the market growth.
One major challenge in the die casting industry is uneven die protection resulting from the temperature variation on the die surface. To overcome this, Quaker chemical corporation formulated smart polymer technology based on heat activated polymers. DIE SLICK die release agents formulated with smart polymer technology form a tough barrier on hot areas of the die, while lightly coating cooler, less demanding areas.
Key Developments in the Market
January 2017: Dynacast acquires Taurus ’80, a precision zinc die casting company. Major Players: DYNACAST, ENDURANCE GROUP, TEXAS DIE CASTING, CASTWEL AUTOPARTS, DIE CASTING SOLUTIONS GMBH, MINO INDUSTRY
Reasons to Purchase this Report
The report analyses how the rising emission norms 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 US automotive die casting industry.
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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