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Automotive Die Casting Lubricants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A6179
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Market Overview:
The global automotive die casting lubricants market size reached US$ 1.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.
Die casting is an automated method in which a liquid melt is forced into a mold at a fast filling speed and under high pressure. An automotive die casting lubricant refers to a substance introduced to reduce friction between surfaces during the metal casting process. Additionally, it may be used for force transmission, transporting foreign objects, or heating or cooling surfaces. Automotive die casting lubricants can be primarily categorized into water-based and solvent-based automotive die casting lubricants. These lubricants protect the components from several problems like porosity, in-cavity buildup, cold shut, etc. Additionally, automotive die casting lubricants also provide bright castings with less gas generation and decrease the corrosion and pitting of the mold surface.
Automotive Die Casting Lubricants Market Trends:
The elevating usage of die casting to produce automotive components with high dimensional accuracy and lighter weight is primarily driving the global automotive die casting lubricants market. In addition to this, the rising automobile sales, backed by the continuous economic development and increasing purchasing power of consumers, are also propelling the growth of the market. Moreover, the implementation of stringent government regulations to curb carbon emissions has catalyzed the demand for lightweight, non-ferrous metals in the automobile industry, which, in turn, is creating a positive outlook for the automotive die casting lubricants market. Besides this, various government bodies are offering numerous subsidies and financial aids to promote the production and sales of electric vehicles, thereby stimulating the product demand. Furthermore, the shifting consumer preferences from forged components to products made through die casting owing to the higher strength-to-weight ratio is acting as another significant growth-inducing factor. Apart from this, the emerging popularity of high-pressure die casting is also fueling the adoption of plunger lubricants, thereby bolstering the market growth. Additionally, the extensive R&D activities aimed at introducing sustainable and eco-friendly product variants are expected to drive the global automotive die casting lubricants market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive die casting lubricants market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, material type and application.
Breakup by Type:
- Water-based
- Solvent-based
- Others
Breakup by Material Type:
- Aluminum and Magnesium
- Tin
- Lead and Zinc
- Copper and Brass
- Others
Breakup by Application:
- Die Slick
- Plunger Slick
- Ladle Slick
- Assembly Slick
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Chemtool Incorporated (The Lubrizol Corporation), Chem-Trend LP (Freudenberg & Co. KG), Condat SA, Falcon Industrial Inc, Geiger + Co. Schmierstoff-Chemie GmbH, Hardcastle Petrofer Pvt. Ltd, Hill and Griffith Company, Lubgraf Synoils Pvt. Ltd, MORESCO Corporation, Petróleo Brasileiro S.A. and Quaker Houghton Inc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Type, Material Type, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Chemtool Incorporated (The Lubrizol Corporation), Chem-Trend LP (Freudenberg & Co. KG), Condat SA, Falcon Industrial Inc, Geiger + Co. Schmierstoff-Chemie GmbH, Hardcastle Petrofer Pvt. Ltd, Hill and Griffith Company, Lubgraf Synoils Pvt. Ltd, MORESCO Corporation, Petróleo Brasileiro S.A. and Quaker Houghton Inc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global automotive die casting lubricants market was valued at US$ 1.1 Billion in 2022.
We expect the global automotive die casting lubricants market to exhibit a CAGR of 4% during 2023-2028.
The rising adoption of automotive die casting lubricants to produce components with high dimensional accuracy and lighter weight is primarily driving the global automotive die casting lubricants market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for automotive die casting lubricants.
Based on the type, the global automotive die casting lubricants market can be categorized into water-based, solvent-based, and others. Currently, water-based holds the majority of the total market share.
based on the material type, the global automotive die casting lubricants market has been segregated into aluminum and magnesium, tin, lead and zinc, copper and brass, and others. Among these, aluminum and magnesium currently exhibits a clear dominance in the market.
Based on the application, the global automotive die casting lubricants market can be bifurcated into die slick, plunger slick, ladle slick, assembly slick, and others. Currently, die slick accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global automotive die casting lubricants market include Chemtool Incorporated (The Lubrizol Corporation), Chem-Trend LP (Freudenberg & Co. KG), Condat SA, Falcon Industrial Inc, Geiger + Co. Schmierstoff-Chemie GmbH, Hardcastle Petrofer Pvt. Ltd, Hill and Griffith Company, Lubgraf Synoils Pvt. Ltd, MORESCO Corporation, Petróleo Brasileiro S.A., and Quaker Houghton Inc.
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