FMI Report Forecasts Global Automotive Die-Casting Lubricants Market to Surpass US$ 256 Million by 2033

Automotive Die-casting Lubricants

Future Market Insights projects that the automotive die-casting lubricants industry size will reach US$ 129.18 million by 2023 and US$ 256 million by 2033, expanding at a CAGR of 7%. A growing urban population, coupled with rising automobile sales, will drive demand for automotive die-casting lubricants. Additionally, renewable energy technologies and measures to conserve energy are expected to enhance automobile die-casting lubricant sales.

Automotive parts have long been manufactured using die casting. Weight reduction has been achieved by casting engine blocks, transmission cases, and shock towers using this process. Diecast components are becoming larger and more complex, allowing heavier vehicles to be built from larger and more complex components. GRAPHACE lubricants are used in die casting to separate heated metal from molds. Die-casting machines use this material when producing magnesium and aluminum automotive parts. This enhances efficiency and environmental protection.

A common choice for industries that rely on metalworking is die casting. As a result of its versatility, reliability, accuracy, and repeatability, it is widely used. Automotive die-cast parts evolve to become larger and more complex over time, requiring new technologies and equipment for die lubrication. As nations around the world plan to reduce emissions, the automotive industry is being pressed to adopt more sustainable, greener transportation solutions. Engineers are specifically considering how to improve die-casting productivity and quality for large, complex parts. Furthermore, in addition to reducing production costs, manufacturers aim to reduce their die-casting process’ environmental footprint on the environment.

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Production lines are becoming increasingly smart and efficient as physical and digital processes intertwine. The rapid development of lighter materials, on the other hand, is forcing manufacturers to contribute to overall production efficiency by making lighter products. It has recently been announced that Tesla, a California-based electric vehicle manufacturer, is switching to die-casting underbody structures instead of a multi-piece welded/stamped assembly. An automobile industry revolution could be ushered in by the world’s largest die-casting machine capable of manufacturing one-piece castings of this size.

Key Takeaways in the Automotive Die Casting Lubricants Market

  • By 2033, die-casting lubricants will hold 96% of revenues generated by the segment.
  • The water-based lubricant market is expected to grow at a 4.8% CAGR between 2023 to 2033.
  • The automotive die-casting lubricants market in the United States will grow at a CAGR of 3.9% through 2033.
  • Aluminum is expected to dominate the market, accounting for 80% of the market share.
  • China is forecast to become an attractive market for automotive die-casting lubricants in 2023, with a market valuation of US$ 36.7 million.
  • Die-casting lubricants continue to be in high demand in Germany, which accounts for 32% of the European market.

Government-backed initiatives to boost electric vehicle production will augment market growth, along with an increased focus on research and development to implement sustainable automotive die-casting lubricant materials,”  – says an FMI analyst.

Competitive Landscape in Automotive Die-Casting Lubricants Market

Automotive die-casting lubricant manufacturers expand and penetrate new markets both organically and inorganically. The launch of new products, mergers, and partnerships are some examples of these strategies.

The key industry players are:

  1. Henkel AG & Co.KGaA
  2. Chem-Trend LP
  3. Quaker Houghton Inc.
  4. Moresco Corp
  5. The Hill and Griffith Company
  6. Geiger + Co. Schmierstoff-Chemie GmbH
  7. Ultraseal India Pvt. Ltd,
  9. Condat SA
  10. Hardcastle Petrofer Pvt. Ltd
  11. Sunocs LLC
  12. J&S Chemical Corporation
  13. Lubgraf Synoils Pvt. Ltd
  14. Aoki Science Institute Co., Ltd
  15. Falcon Industrial Inc.
  16. Lafrance Manufacturing
  17. Marbo Italia spa
  18. Sunrise Chemtech Pvt. Ltd
  19. Acme Refining LLC

Key Market Developments:

  • In May 2023, Yeskomalube, India’s Most Promising Brand for Forging Lubricant Manufacturing, launched its new product line, YESKOTE, as part of its expansion into the casting segment. At the global engineering expo 2023 in Pune, the technology was unveiled. A new range of die coatings is available from YESKOTE, designed to be applied to high-pressure, low-pressure, and a variety of other applications in die casting.

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global automotive die-casting lubricants market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the automotive die-casting lubricants market, the market is segmented on the basis of lubricant type (die-casting lubricants and plunger lubricants), die-casting material (aluminum, magnesium, and zinc), and region (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa).

Automotive Die Casting Lubricants Market by Category

By Lubricant Type:

  • Die-Casting Lubricant
  • Plunger Lubricant

By Type:

  • Water-based
  • Solvent Based
  • Other

By Die-Casting Material:

  • Aluminum
  • Magnesium
  • Zinc
  • Other

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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