France Automotive Parts Zinc Die casting Market - Analysis of Growth, Trends, and Forecast (2018 - 2023)
The France automotive parts zinc die casting Market is expected to register a high CAGR during the forecast period, 2018 to 2023.
The growing market for light weight vehicles to reduce CO₂ emissions is identified as one of the primary drivers for growth in this market. European Commission has targeted to reduce the vehicle emissions to an average fleet emission of 175g CO2/km by 2017 and 147g CO2/km by 2020 for the light vehicle segment. Manufacturers were mandated to meet the emission targets of 175g CO2/km in 70% of the commercial vehicle fleet in 2014 and are expected to do so in 75% of their LCVs in 2015, 80% in 2016, and 100% of their fleet by 2017. As a result, major OEMs shifted their focus on manufacturing lightweight automobiles. In addition, the demand for sturdy, corrosion-resistant and stable automotive components has driven the demand for aluminum, magnesium and zinc die-cast components.
The introduction of simulation-based castings is one of the key trends that will drive the growth prospects for the global die casting market in the forthcoming years. The simulation-based casting process is used to produce components that are cost-effective, have high-precision, and reliable. This casting process involves various benefits such as it ensures an easy and accurate fault detection. Simulation-based manufacturing results in reduced wastage and operational costs. Additionally, they can also predict defects and their location easily and more precisely than the conventional method.
Zinc has become one of the major metals employed in the automotive industry. Strength, ductility and weight management in an automobile are made easy by employing zinc die castings. The price of zinc raw material is expected to escalate over the next few years, which could be attributed supply shortage caused due to the closure of one of the world’s largest zinc. Major Players: ACME REFINING, CHEM TREND, CHEMTOOL, HENKEL, CROSS CHEMICAL, HILL AND GRIFFITH, QUACKER, MACLUBE, J&S CHEMICAL CORP
Key Developments in the Market
December 2017: Sandhar Technologies and Daeshin Machinery form joint venture
January 2017: Dynacast acquires Taurus ’80, a precision zinc die casting company.
Reasons to Purchase this Report
1. The report analyses how the rising emission norms in EU will impact automotive die casting industry.
2. Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
3. Identify the latest developments, market shares and strategies employed by the major market players.
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