Automotive Die Casting Lubricants Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Afr

Automotive Die Casting Lubricants Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

A recent market study conducted by Fairfield Market Research estimates that the global automotive die casting lubricants market will reach a valuation of US$ 131 million in 2024. By 2031, the market is expected to exceed US$ 180 million.

Key Market Insights:

1. Die Casting Process: Automotive die casting lubricants play a crucial role in the die casting process, reducing friction between surfaces during metal casting.

2. Types of Lubricants: These lubricants are available in both water-based and solvent-based forms, serving to protect parts, reduce corrosion, and enhance the quality of castings.

3. End-Use Industries: Automotive and electric vehicles are the primary consumers of these lubricants, though the market witnessed a decline due to the COVID-19 pandemic's impact on these industries.

Impact of COVID-19: The automotive and electric vehicle industries faced disruptions during the pandemic, causing a temporary decline in the market. Recovery is expected as the pandemic subsides, restoring demand and growth.

Lightweight Components: Increasing demand for lightweight automotive components, driven by emissions regulations and environmental concerns, contributes to the demand for automotive die casting lubricants.

Challenges in Cost: The high cost of lightweight materials, like aluminum and magnesium, can affect profit margins and hinder automotive manufacturers from offering competitive pricing.

Trends in the Market: Eco-friendly products are gaining popularity worldwide, driven by environmental awareness and pollution reduction efforts. The demand for lightweight vehicles is expected to rise due to low emissions.

Opportunities in the Market: Growing demand for consumer electronics, 5G technology, hybrid electric cars, and electrodeposited copper foil in electric vehicles presents opportunities for market expansion.

Asia Pacific Dominance: China is expected to lead both the East Asian and global markets for automotive die casting lubricants.

The Role of the US: The US benefits from strong research and development capabilities, allowing manufacturers to capitalize on global opportunities with advanced technology and techniques.

Competitive Landscape: Leading companies are focusing on strategic partnerships, capacity expansion, new product development, acquisitions, and customer base expansion.

Key Companies Profiled:
• Henkel AG & Co. KGaA
• Chem-Trend LP
• Quaker Houghton Inc.
• Moresco Corp.
• The Hill and Griffith Company
• Geiger + Co. Schmierstoff-Chemie GmbH
• Ultraseal India Pvt. Ltd
• CHEMTOOL INCORPORATED
• Condat SA
• Hardcastle Petrofer Pvt. Ltd
• Sunrise Chemtech Pvt. Ltd
• Acme Refining LLC
• And more.

Market Segmentation

By Lubricant Type:
• Die-Casting Lubricants
• Plunger Lubricants

By Type:
• Solvent Based
• Water Based
• Others

By Die Casting Materials:
• Aluminium
• Magnesium
• Zinc
• Others

By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa

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