Automotive Die Casting Lubricants Market Size, Share, Growth Report 2030

Global Automotive Die Casting Lubricants Market: Overview

The die casting method is mainly used to produce complex structures using different metals. However, to get precise shapes and excessive dimensional accuracy during the die casting method, proper management of the thermal condition of the components is important. Which is where the die casting lubricants are used. The prime reason to use lubricants during the forming processes is to minimize friction and remove or reduce heat. The die lubrication process makes sure an appropriate film of lubricant at the interface between the workpiece and tool to eradicate damage to the die and marks on the part. In the automobile industry, carefully planned and executed die lubrication strategies can significantly benefit an entire manufacturing operation.

Report Scope:

Global Automotive Die Casting Lubricants Market: Growth Factors

The global automotive die casting lubricants market is anticipated to grow at a healthy rate over the forecast period. Some of the key factors that are driving the growth of the market include the increasing focus of automobile makers to produce lightweight vehicles. Major automobile manufacturers such as Volkswagen, Toyota, Ford, etc. are implementing strategies to manufacture lightweight vehicles to offer better fuel efficiency. Moreover, looking at the present scenario, consumers are shifting toward eco-friendly products with rising awareness about environmental protection and health hazards. This has positively influenced the use of lightweight metals such as aluminum and magnesium which in turn is fueling the demand for die casting lubricant in automotive sectors. Besides, growth in disposable income in highly populated countries is also contributing to the significant rise in automobile sales, which is again increasing the demand for die casting. On the other hand, issues with lubricant disposal, high prices, and low awareness regarding proper use of lubricant may hamper the growth of the global automotive die casting lubricants market. However, the increasing trend of producing lightweight cars with rising demand for eco-friendly vehicles from customers will offer better growth opportunities to the global automotive die casting lubricants market   

The onset of the COVID-19 pandemic has severely affected the automobile industry and a similar effect can be seen on every other sector connected to the automobile. With the restrictions on manufacturing, many automobile companies temporarily shut their manufacturing plant all over the world. Also, with the limitations on transportation, the availability of components reduced drastically which directly affected the overall growth of the automotive die casting lubricants market. However, the restrictions are lifted from many countries and automobile manufacturing facilities are expected to start with full capabilities which in turn will stabilize the market growth over the forecast period.

Global Automotive Die Casting Lubricants Market: Segmentation

The global market for automotive die casting lubricants is categorized into a lubricant, type, die casting material, and region. Based on lubricants, the global automotive die casting lubricants market is differentiated into die casting lubricants and plunger lubricants. By type the, global automotive die casting lubricants market is categorized as water-based die casting lubricants, solvent based die casting lubricants, and others. The die-casting material segment is bifurcated as aluminum die casting lubricants, magnesium die casting lubricants, zinc die casting lubricants, and others.

Global Automotive Die Casting Lubricants Market: Regional Analysis

Asia Pacific is projected to remain the largest regional market for automotive die casting lubricants during the forecast period. Factors such as the presence of a large number of automotive manufacturers, increasing investments in the automobile sector by foreign automobile brands, and well-established die casting lubricant brands are expected to drive regional market growth. The major revenue contributor in the Asia Pacific market is expected to be China followed by India. China and India have well-established automobile sectors and also the demand for lightweight vehicles is increasing in these countries at a rapid speed. North America is estimated to remain the second-largest regional market. Big brands in the United States are largely utilizing lightweight metals such as aluminum and magnesium in their advanced automobiles which has directly increased the demand for automotive die casting and subsequently die lubricants. The automotive die casting lubricants market in Europe is also projected to grow at a healthy rate. Major automotive manufacturing countries in the region such as Germany, UK, and France are likely to contribute a large share in the regional market.

Global Automotive Die Casting Lubricants Market: Competitive Players

Prominent players in the global automotive die casting lubricants market hold maximum shares of the market. These players are focusing on new product launches, mergers & acquisitions to expand the business. Some of the key players operating in the global automotive die casting lubricants market include Henkel AG & Co. KGaA, Quaker Houghton Inc., Chem-Trend LP, Moresco Corp., Ultraseal India Pvt. Ltd, The Hill and Griffith Company, Geiger + Co. Schmierstoff-Chemie GmbH, Hardcastle Petrofer Pvt. Ltd, CHEMTOOL INCORPORATED, Condat SA, and Sunocs LLC, among others.

Global Automotive Die Casting Lubricants Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.