the global automotive die casting lubricants market Size reached US$ 1.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.36 Billion by 2027 exhibiting a CAGR of 4.20% during 2022-2027.
Automotive Die Casting Lubricants Market Size, Share, Report and Forecast 2022-2027
The latest research study “Automotive Die Casting Lubricants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group the global automotive die casting lubricants market Size reached US$ 1.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.36 Billion by 2027 exhibiting a CAGR of 4.20% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Industry Definition and Application:
Die casting represents 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.
It can be used for force transmission, transporting foreign objects, heating and cooling surfaces, etc. Automotive die casting lubricants can be primarily categorized into water-based and solvent-based variants. They protect the components from numerous problems, including porosity, in-cavity buildup, cold shut, etc. 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 and Drivers:
The elevating usage of die casting to produce automotive components with high dimensional accuracy and lighter weight is among the key factors stimulating the automotive die casting lubricants market. Additionally, the growing automobile sales and the escalating purchasing power of consumers are also propelling the market growth.
Besides this, the implementation of stringent regulations by government bodies to curb carbon emissions is increasing the demand for lightweight and non-ferrous metals across the automobile sector, which is further fueling the global market. Apart from this, the launch of subsidies and financial aid by various government bodies to promote the production and sales of electric vehicles is also driving the market growth.
Furthermore, the shifting consumer preferences from forged components to products made through die casting, owing to their higher strength-to-weight ratio, are acting as significant growth-inducing factors. Moreover, the widespread research and development (R&D) activities focused on introducing sustainable and eco-friendly product variants are expected to positively influence the automotive die casting lubricants market over the forecasted period.
The report has been segmented the market into following categories:
Breakup by Type:
Breakup by Material Type:
Aluminum and Magnesium
Lead and Zinc
Copper and Brass
Breakup by Application:
Middle East and Africa
List of Major Key Players:
The major players in the market are 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.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Services Private Limited. 30 N Gould St Ste R Sheridan, WY 82801 USA – Wyoming