Market Size of Latin America Automotive Parts Zinc Die Casting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Latin America Automotive Parts Zinc Die Casting Market Analysis
The Latin America automotive parts zinc die casting market is anticipated to register a CAGR of over 3%, during the forecast period (2020 - 2025).
- The usage of zinc die casting is almost 28% in the automotive industry, for applications, like inertia disks, retractor gears, etc., followed by the building and hardware sectors. Along with merits, like resistance, versatility, toughness, and low cost, zinc die casting produces low-level emissions in air and water.
- 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. 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 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
Latin America Automotive Parts Zinc Die Casting Industry Segmentation
The Latin America automotive parts zinc die casting market contains the latest trends and technological developments in the market, demand by production process type, application type, and geography.
| Production Process Type | |
| Pressure Die Casting | |
| Vacuum Die Casting | |
| Other Productino Process Types |
| Application Type | |
| Body Assemblies | |
| Engine Parts | |
| Transmission Parts | |
| Other |
| Geography | |
| Brazil | |
| Mexico | |
| Argentina | |
| Rest Of Latin America |
Latin America Automotive Parts Zinc Die Casting Market Size Summary
The Latin America automotive parts zinc die casting market is experiencing growth driven by the increasing demand for lightweight components in the automotive industry. Zinc die casting is favored for its resistance, versatility, toughness, and cost-effectiveness, making it a suitable choice for applications such as inertia disks and retractor gears. The market is further propelled by the need to comply with stringent emission norms and fuel efficiency standards, prompting automakers to adopt lightweight non-ferrous metals. Despite being heavier than aluminum, zinc die casting offers better mechanical properties and surface finish, making it an attractive option for various automotive applications. The rise in electric vehicle sales also presents opportunities for the market, as these vehicles require a higher density of lightweight components.
Mexico plays a dominant role in the Latin America automotive parts zinc die casting market, benefiting from strong domestic and external demand for high-quality, cost-effective components. The region's market is supported by the expanding industrial and manufacturing sectors, as well as the adoption of advanced production processes like vacuum die casting, which offers better mechanical strength and lower gas porosity. Key players in the market, such as Dynacast, Brillcast Manufacturing LLC, and Sandhar Technologies Ltd, are investing in research and development to enhance product quality and maintain competitive pricing. These companies are also focusing on technical innovations and process standardization to meet the growing demands of the automotive industry, while contributing to global efforts to reduce carbon emissions and combat climate change.
Latin America Automotive Parts Zinc Die Casting Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Production Process Type
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2.1.1 Pressure Die Casting
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2.1.2 Vacuum Die Casting
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2.1.3 Other Productino Process Types
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2.2 Application Type
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2.2.1 Body Assemblies
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2.2.2 Engine Parts
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2.2.3 Transmission Parts
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2.2.4 Other
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2.3 Geography
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2.3.1 Brazil
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2.3.2 Mexico
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2.3.3 Argentina
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2.3.4 Rest Of Latin America
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Latin America Automotive Parts Zinc Die Casting Market Size FAQs
What is the current Latin America Automotive Parts Zinc Die Casting Market size?
The Latin America Automotive Parts Zinc Die Casting Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Latin America Automotive Parts Zinc Die Casting Market?
Sadhar Technologies Ltd, Brillcast Manufacturing LLC, Dynacast, Pace Industries and Ashok Minda Group are the major companies operating in the Latin America Automotive Parts Zinc Die Casting Market.
