Automotive die casting lubricants are specialized lubricants used in the die casting process of automotive manufacturing. These lubricants help reduce friction and heat during the casting process, improving surface finish, reducing defects and prolonging the life of the die.
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:
Report Attribute | Details |
---|---|
Base Year | 2022 |
Historic Years | 2018 - 2022 |
Forecast Years | 2023 - 2030 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2023 to 2030 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
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.
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.
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.
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.
FrequentlyAsked Questions
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. Also, shift toward light weight vehicles has also increased the demand for automotive die casting lubricants market.
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.
The 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.
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