Asia Pacific Automotive Parts Die Casting Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The Asia-Pacific automotive parts die casting market is expected to register a CAGR of over 6% during the forecasted period (2020 - 2025)

• The Asia-Pacific automotive industry is one of the largest with China, South Korea, Japan, and India leading the production industry. Die casting is an effective and economical process which could be moulded into various forms. High-speed production, high dimension accuracy and stability, strength, and simple assembly is the reason for wide use of die casting materials in automotive industry. Most of the applications in automotive industry are fulfilled by this die casting process.
• To meet the emissions regulations and policies OEMs are trying to reduce weight of automobiles by employing lightweight non-ferrous metals. Die casting process has been adapted as the main strategy. Die casting process has many advantages compared to traditional methods. High speed production, accuracy, stability, strength to weight ratio, better finish, and simple assembly.
• The high cost associated with metal dies means large capitals are required and this process is profitable only to high-volume production. This process is limited to metals with high-fluidity, and casting weight must be between 30 grams and 10 kilograms. This process might result in porosity. This prevented usage of any heat treatment or welding process on the surface. Also, this process is only for parts in which softness is required, parts with hardening and tempering cannot be made with this process. OEMs are working on improving the technology and this market is expected to grow during the forecasted period.

Scope of the report

The Asia-Pacific automotive parts die casting market report contains the latest trends and technological developments in the market and demand by metal type, production process type, application type, Countries, and share of major players across the region.

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Key Market Trends

Aluminium is Expected to Grow With Highest CAGR

With technological advancements, manufacturers are expected to see a rise in demand for car exports which intern will increase demand for Aluminium die casting automotive materials as manufacturers are looking to reduce car weight to keep up with emission norms across the world. 

Aluminum has the highest growth rate in terms of metals used in the automotive industry. Aluminum has achieved this high growth rate because it was largely supported by the substitution of many parts of the powertrain with die casting parts. With the introduction of electric automobiles in the market, the growth rate is expected to grow during the forecasted period. 90% of the Aluminium used in the automobiles can be recycled, which is proving to be more profitable for the OEMs as compared to steel. Recycling Aluminium can save the equivalent of 108 million barrels of crude oil.

As world is racing towards reducing energy usage, the Aluminium dies casting market is expected to grow during the forecasted period. Die casting industries are focusing on developing conformal cooling, joining technologies, heat treatment, and hybrid components. Recently, Intelligent temperature control for die casting has been developed which helps in reduction of porosity in the surface which results in higher casting quality, process stability, and high tool life.

China and India ranked top two in list of primary aluminium production in the world with 33,000 and 3,700 metric tons produced in 2018. With increasing manufacturing capacity, these two regions are expected to fulfil global aluminium die casting demand.  Most OEMs are preferring to import Aluminium die casting parts from these two countries because they are cheaply available and help to keep up with the government pollution norms. A slowdown in global economic growth, and structural change in the automotive industry are hurting this market.

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