North America Automotive Parts Zinc Die Casting Market Size

North America Automotive Parts Zinc Die Casting Market Analysis

The North America Automotive Parts Zinc Die Casting Market is expected to register a CAGR of over 3% during the forecasted period (2020 - 2025).

• Zinc has become one of the most significant metals in the automotive industry, especially for products, like car door lock housing, pawls, retractor gears, and pulleys in seat belt system, and also for the camshaft and sensor components. The usage of zinc die casting in the automotive industry is about 30%.
• The North America automotive parts zinc dies casting market is largely driven by the supply chain complexities in the die casting industry and the expanding automotive market. In order to reduce automobile emissions and increase fuel efficiency, CAFÉ standards and EPA policies are driving the automakers to reduce the weight of the automobile, by employing lightweight non-ferrous metals.
• Employing die-cast parts as a weight reduction strategy is a major driver for the automotive segment of the market studied. Although heavier than aluminum, the lower cost of these parts and higher intricacy allowance make them more suitable in certain applications.
• As compared to other die casting parts, zinc die casting parts are usually equipped with better mechanical properties, like toughness, and also offer higher surface finish and lower thermal shock during casting (as a result of their lower operating temperature).
• The market witnesses opportunities in the form of the increasing electric vehicle sales, which require higher density of lightweight components. Major companies, like Dynacast, are focusing on identifying affordable raw materials and alloys that offer better durability.