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

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).