IMARC Group, a leading market research company, has recently releases report titled “Automotive Die Casting Lubricants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global automotive die casting lubricants market share, size, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Automotive Die Casting Lubricants
Automotive die casting lubricants are designed to facilitate the die casting process, ensuring the smooth and efficient production of high-precision automotive parts. They contribute to the longevity of die casting molds, leading to cost-effective and sustainable manufacturing practices by reducing friction and preventing metal-to-metal contact. They ensure precise casting, resulting in high-quality automotive components with intricate designs and minimal defects. They extend the lifespan of these molds by reducing wear and tear caused by repeated use. These lubricants also help minimize the occurrence of defects and casting imperfections by facilitating smoother casting.
How Big Is the Automotive Die Casting Lubricants Market?
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.
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What are the growth prospects and trends in the automotive die casting lubricants industry?
At present, the growing demand for superior quality and increased efficiency in automobile production represents one of the key factors offering a favorable market outlook. As manufacturers are striving to create lightweight, high-strength components, die casting is becoming a preferred method due to its ability to produce intricate shapes with minimal material waste.
In addition, the growing emphasis on environmental sustainability is positively influencing the market. As automotive companies worldwide commit to reducing their carbon footprint, lubricant manufacturers are responding with eco-friendly formulations. These advanced lubricants not only enhance die casting efficiency but also boast low volatile organic compound (VOC) content, aligning with stringent environmental regulations.
Moreover, the adoption of these eco-friendly lubricants reflects positively on the corporate image of automotive manufacturers, appealing to environmentally conscious consumers around the world.
What is included in market segmentation?
The report has segmented the market into the following categories:
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
Who are the key players operating in the industry?
The report covers the major market players including:
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.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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