IMARC Group, a leading market research company, has recently releases report titled “Automotive Die Casting Lubricants Market Report by Type (Water-based, Solvent-based, and Others), Material Type (Aluminum and Magnesium, Tin, Lead and Zinc, Copper and Brass, and Others), Application (Die Slick, Plunger Slick, Ladle Slick, Assembly Slick, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the global automotive die casting lubricants market.
How Big is the Automotive Die Casting Lubricants Market?
The global automotive die casting lubricants market size reached US$ 1.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.5% during 2024-2032.
Industry Overview of Automotive Die Casting Lubricants
Automotive die casting lubricants are specialized chemical formulations that are carefully crafted for application in the automotive manufacturing sector. They play a vital role in ensuring the smooth and efficient operation of die-casting machinery. They facilitate the release of intricate and high-precision molds and dies and prevent friction, wear, and damage during the casting process. They act as a protective shield that reduces the risk of defects and ensures the production of improved automotive parts. As they assist in the production of high-quality and reliable vehicles, the demand for automotive die casting lubricants is increasing across the globe.
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What are the growth prospects and trends in the automotive die casting lubricants industry?
At present, the rising demand for lightweight and fuel-efficient vehicles among individuals around the world represents one of the primary factors supporting the growth of the market.
Besides this, the increasing development of eco-friendly lubricants with low environmental impact is providing lucrative growth opportunities to industry investors. Additionally, the growing demand for automotive die-casting lubricants, as they have extended die life and provide improved performance, is positively influencing the market.
Apart from this, the rising need for enhanced surface finish of the vehicles among individuals is bolstering the growth of the market. Furthermore, the increasing preference for electric vehicles (EVs) among individuals is propelling the growth of the market.
Leading Companies Operating in the Global Automotive Die Casting Lubricants Industry:
- 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.
- Quaker Houghton Inc.
Automotive Die Casting Lubricants Market Report 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
Market 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
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