IMARC Group has recently released a new research study “Automotive Die Casting Lubricants Market Report Covers : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of automotive die casting lubricants market?
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 on by 2027, exhibiting a growth rate (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.
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What is a the Automotive Die Casting Lubricants Market ?
Automotive die casting lubricants are substances used to minimize friction between surfaces during the metal casting process. They can be used for surface heating or cooling, force transmission, or transporting foreign objects.
They are commonly available in solvent-based and water-based variants. These lubricants protect automotive parts from problems such as cold shut, porosity, and in-cavity accumulation.
Since they provide bright castings with less gas production and reduced corrosion and pitting of mold surfaces, automotive die casting lubricants are gaining immense traction across the globe.
What are the major market drivers in a Automotive Die Casting Lubricants Market ?
The global automotive die casting lubricants market is primarily driven by the rising product usage in manufacturing automotive components with high dimensional accuracy and lighter weight. Moreover, governments of numerous countries are implementing stringent policies to reduce carbon emissions.
In line with this, the rising demand for lightweight, non-ferrous metals in the automobile industry is positively influencing market growth. Additionally, the increasing automobile sales owing to ongoing economic development and inflating consumer disposable incomes is another major growth-inducing factor.
Besides this, the provision of various government subsidies and financial aids to promote the production and sales of electric vehicles (EVs) has catalyzed market growth.
Furthermore, the surging adoption of plunger lubricants due to the rising popularity of high-pressure die casting is contributing to the market growth.
Other factors, including ongoing research and development (R&D) activities, shifting consumer preferences from forged components to products made through die casting, and the launch of eco-friendly product variants, are also anticipated to drive the market further.
|Automotive Die Casting Lubricants Market Report Scope|
|Market size value in 2021||US$ 1.05 Billion|
|Market forecast in 2027||US$ 1.36 Billion|
|Growth Rate||CAGR of 4.20% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||type, material type and application|
|Regional scope||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Key companies profiled||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.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization purview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
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:
- Die Slick
- Plunger Slick
- Ladle Slick
- Assembly Slick
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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.
𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• 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.
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