A growing urban population, coupled with rising automobile sales, will drive demand for automotive die-casting lubricants. Additionally, renewable energy technologies and measures to conserve energy are expected to enhance automobile die-casting lubricant sales. Future Market Insights projects that the automotive die casting lubricants market size will reach US$ 129.18 million by 2023 and US$ 256 million by 2033, expanding at a CAGR of 7%.
Automotive parts have long been manufactured using die casting. Weight reduction has been achieved by casting engine blocks, transmission cases, and shock towers using this process. Diecast components are becoming larger and more complex, allowing heavier vehicles to be built from larger and more complex components. GRAPHACE lubricants are used in die casting to separate heated metal from molds. Die-casting machines use this material when producing magnesium and aluminum automotive parts. This enhances efficiency and environmental protection.
A common choice for industries that rely on metalworking is die casting. As a result of its versatility, reliability, accuracy, and repeatability, it is widely used. Automotive die-cast parts evolve to become larger and more complex over time, requiring new technologies and equipment for die lubrication. As nations around the world plan to reduce emissions, the automotive industry is being pressed to adopt more sustainable, greener transportation solutions. Engineers are specifically considering how to improve die-casting productivity and quality for large, complex parts. Furthermore, in addition to reducing production costs, manufacturers aim to reduce their die-casting process’ environmental footprint on the environment.
Get an overview of market drivers and challenges affecting this industry! https://www.futuremarketinsights.com/reports/sample/rep-gb-13948
Production lines are becoming increasingly smart and efficient as physical and digital processes intertwine. The rapid development of lighter materials, on the other hand, is forcing manufacturers to contribute to overall production efficiency by making lighter products. It has recently been announced that Tesla, a California-based electric vehicle manufacturer, is switching to die-casting underbody structures instead of a multi-piece welded/stamped assembly. An automobile industry revolution could be ushered in by the world’s largest die-casting machine capable of manufacturing one-piece castings of this size.
Key Takeaways in the Automotive Die Casting Lubricants Market
- By 2033, die-casting lubricants will hold 96% of revenues generated by the segment.
- The water-based lubricant market is expected to grow at a 4.8% CAGR between 2023 to 2033.
- The automotive die casting lubricants market in the United States will grow at a CAGR of 3.9% through 2033.
- Aluminum is expected to dominate the market, accounting for 80% of the market share.
- China is forecast to become an attractive market for automotive die casting lubricants in 2023, with a market valuation of US$ 36.7 million.
- Die-casting lubricants continue to be in high demand in Germany, which accounts for 32% of the European market.
“Government-backed initiatives to boost electric vehicle production will augment market growth, along with an increased focus on research and development to implement sustainable automotive die-casting lubricant materials,” says an FMI analyst.
Competitive Landscape in Automotive Die Casting Lubricants Market
Automotive die casting lubricant manufacturers expand and penetrate new markets both organically and inorganically. The launch of new products, mergers, and partnerships are some examples of these strategies.
The key industry players are:
- Henkel AG & Co.KGaA
- Chem-Trend LP
- Quaker Houghton Inc.
- Moresco Corp
- The Hill and Griffith Company
- Geiger + Co. Schmierstoff-Chemie GmbH
- Ultraseal India Pvt. Ltd,
- CHEMTOOL INCORPORATED
- Condat SA
- Hardcastle Petrofer Pvt. Ltd
- Sunocs LLC
- J&S Chemical Corporation
- Lubgraf Synoils Pvt. Ltd
- Aoki Science Institute Co., Ltd
- Falcon Industrial Inc.
- Lafrance Manufacturing
- Marbo Italia spa
- Sunrise Chemtech Pvt. Ltd
- Acme Refining LLC
For Information On The Research Approach Used In The Report, Ask Analyst: https://www.futuremarketinsights.com/ask-question/rep-gb-13948
Key Market Developments:
- In May 2023, Yeskomalube, India’s Most Promising Brand for Forging Lubricant Manufacturing, launch its new product line, YESKOTE, as part of its expansion into the casting segment. At the global engineering expo 2023 in Pune, the technology was unveiled. A new range of die coatings is available from YESKOTE, designed to be applied to high-pressure, low-pressure, and a variety of other applications in die casting.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global automotive die casting lubricants market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the automotive die-casting lubricants market, the market is segmented on the basis of lubricant type (die-casting lubricants and plunger lubricants), die-casting material (aluminum, magnesium, and zinc), and region (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa).
Automotive Die Casting Lubricants Market by Category
By Lubricant Type:
- Die-Casting Lubricant
- Plunger Lubricant
By Type:
- Water-based
- Solvent Based
- Other
By Die-Casting Material:
- Aluminum
- Magnesium
- Zinc
- Other
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
