South Korea Automotive Parts Zinc Die Casting Market Size (2024 - 2029)

The South Korea automotive parts zinc die casting market is projected to experience growth over the forecast period, driven by advancements in technology and the increasing demand for lightweight components in the automotive industry. This market's expansion is supported by the automotive sector's significant share of zinc die casting applications, alongside its use in building and hardware sectors. The market's growth is further fueled by the rising popularity of high-pressure die casting and the development of new technologies that enhance automotive parts. Opportunities are emerging from the growing electric vehicle market, which necessitates a greater use of lightweight materials.

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Market Size of South Korea Automotive Parts Zinc Die Casting Industry

South Korea Automotive Parts Zinc Die Casting Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 0.17 Billion
Market Size (2029) USD 0.22 Billion
CAGR (2024 - 2029) 5.00 %
Market Concentration Medium

Major Players

South Korea Automotive Parts Zinc Die Casting Market Major Players

*Disclaimer: Major Players sorted in no particular order

South Korea Automotive Parts Zinc Die Casting Market Analysis

The South Korea Automotive Parts Zinc Die Casting Market size is estimated at USD 0.17 billion in 2024, and is expected to reach USD 0.22 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).

The automotive industry occupies almost 28% share of zinc die casting usage 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.

The market for zinc die-casting machines is expanding due to technological advancement and the rising popularity of high-pressure die-casting, which contribute to the market's expansion. With the development of new technologies, automotive parts have seen advancement and innovation in recent years. Among them, auto component manufacturing using lightweight materials received widespread attention.

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 (due to their lower operating temperature).

The market witnesses opportunities in the form of increasing electric vehicle sales, which require a higher density of lightweight components. Major companies like Dynacast focus on identifying affordable raw materials and alloys that offer better durability.

South Korea Automotive Parts Zinc Die Casting Industry Segmentation

Die casting is the process of pouring molten metal into a mold cavity under high pressure to produce a part in a specific shape. Zinc metal is easy to cast as compared to aluminum and magnesium metal. Zinc die casting offers a high level of production efficiency, superior quality, and cost-effectiveness. Zinc die casting is used to manufacture vehicle products such as seat belts, windshield wipers, sunroofs, and chassis.

The study on the South Korean automotive parts zinc die-casting market offers the latest trends and technological developments, as well as the demand by production process type and application type.

Based on the production process type, the market is segmented into pressure die casting, vacuum die casting, and other production process types. Based on the application type, the market is segmented into body assemblies, engine parts, transmission parts, and other application types. For each segment, the market sizing and forecasts will be provided based on value (USD).

Production Process Type
Pressure Die Casting
Vacuum Die Casting
Other Productino Process Types
Application Type
Body Assemblies
Engine Parts
Transmission Parts
Other Aplication Types
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South Korea Automotive Parts Zinc Die Casting Market Size Summary

The South Korean automotive parts zinc die-casting market is poised for significant growth, driven by the automotive industry's substantial demand for zinc die-casting applications. This market is characterized by its use in various automotive components such as inertia disks and retractor gears, benefiting from the material's resistance, versatility, and cost-effectiveness. The shift towards electric vehicles, which require lightweight components, is further propelling the market's expansion. Technological advancements in high-pressure and vacuum die-casting processes are enhancing the mechanical properties and surface finish of zinc parts, making them increasingly attractive for automotive applications. The South Korean automotive sector, a crucial contributor to the nation's GDP, is embracing these innovations to meet global emission standards and improve fuel efficiency.

The market landscape is dominated by key players like Dynacast and Brillcast Manufacturing LLC, who are investing in research and development to enhance product quality and expand their global footprint. The integration of zinc die casting in automotive transmission systems offers benefits such as weight reduction and improved durability, aligning with the industry's focus on efficiency and sustainability. The growing trend of vehicle electrification and the adoption of hybrid powertrains are driving the demand for zinc castings in battery compartment housings and powertrain components. As South Korea continues to strengthen its position as a major automobile exporter, the market for zinc die casting is expected to experience robust growth, supported by competitive technology adoption and strategic collaborations with international partners.

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South Korea Automotive Parts Zinc Die Casting Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Growth of the Automotive Industry to Drive Demand in the Die Casting Market

    2. 1.2 Market Restraints

      1. 1.2.1 High Processing Cost May Hamper Market Expansion

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Production Process Type

      1. 2.1.1 Pressure Die Casting

      2. 2.1.2 Vacuum Die Casting

      3. 2.1.3 Other Productino Process Types

    2. 2.2 Application Type

      1. 2.2.1 Body Assemblies

      2. 2.2.2 Engine Parts

      3. 2.2.3 Transmission Parts

      4. 2.2.4 Other Aplication Types

South Korea Automotive Parts Zinc Die Casting Market Size FAQs

The South Korea Automotive Parts Zinc Die Casting Market size is expected to reach USD 0.17 billion in 2024 and grow at a CAGR of greater than 5% to reach USD 0.22 billion by 2029.

In 2024, the South Korea Automotive Parts Zinc Die Casting Market size is expected to reach USD 0.17 billion.

South Korea Automotive Parts Zinc Die Casting Market Report Snapshots

South Korea Automotive Parts Zinc Die casting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)