Asia Pacific Automotive Parts Magnesium Die casting Market - Growth, Trends, Forecast (2020 - 2025)

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Asia Pacific Automotive Parts Magnesium Die casting Market

The market is expected to grow to at a higher CAGR over the forecasted period. Growing small-medium scale die casters in India and China and subsequently, these countries emerging as automobile component manufacture hubs for the western automakers, is driving the former market in this region. Further, lightweight, superior machining, greater die life, large thin-walled near net shape casting, greater mechanical properties and greater general corrosion resistance over aluminium is making the automakers prefer the former. Even the regional die casters for magnesium automotive parts are slowly increasing with the demand from automotive industry.

China produces more than half the world’s magnesium metal. Chinese cheap magnesium has both directly and indirectly contributed to the collapse of the primary supply base of the western world. China Precision Die Casting, Magic Precision Inc., Meridian Lightweight Technologies, MK Group of Companies, Morimura Bros Inc., Ryobi Die Casting Inc., Gibbs Die Casting Group and Georg Fischer Limited are some of the key players 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.

Our Report Offerings

  • This report on Asia Pacific Automotive parts Magnesiumdie casting market, analyzes the current market trends in India, China, Japan, South Korea and Australia 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 Asia Pacific 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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