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

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China Automotive Parts Magnesium Die casting Market

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.

Chinese production capacity of magnesium, even today, is spread across relatively small plants, with consolidation mainly occurring at a corporate level. Out of the world’s top 10 magnesium suppliers, 8 hail from China, each exceeding 50ktpy. This large scale availability of raw material and higher demand from the western automakers, encouraged a large number of small-medium scale die casers to enter the China automotive parts magnesium die casting market. Vast resources, high profitability and increased scope of application in the automotive sector are the major factors driving the market in the country.

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 China Automotive parts Magnesium die casting market, analyzes the current market trends in China 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 Chinaautomotive 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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