Mold release agents are film forming waxes, solid or liquid lubricants, or others fluids that prevent materials from sticking to a surface that is underlying. Mold release agents extend life of the product, improve overall surface quality, and also provide lubricity and simultaneously minimize scrap and defect rate of molded products. Methods of application of mold release agents are by brushes, spray, or by wiping the surface. Mold release agents are used for various products such as for PU molding, rubber molding, composite molding, die casting, and others.
Aluminum die casting mold release agents are used in several end-use industries that use die cast aluminum products for various applications. Key focus is being put on automotive components in order to reduce the overall weight of vehicles. All these factors bode well for the expansion of the aluminum die casting mold release agents market size over the years ahead.
Significance of Mold Release Agents in Die Casting, Especially in Aluminum, Driving Market
Release agents are of central significance in die casting technology. They affect the quality of cast parts, lifetime of molds, and the length of casting cycles. Mold release agents must be matched with respective casting materials and should meet high requirements in terms of economic efficiency and environmental compatibility.
Release agents are indispensable for a trouble-free production process in a die casting foundry. Increasing demand for aluminum die casting and growing adoption of aluminum die casting in several end-use industries are expected to create huge demand, thereby bolstering the growth of the global aluminum die casting mold release agents market.
Water-based Aluminum Die Casting Mold Release Agents Gaining Traction
The most widely used release agents for die casting are water-based chemicals. They form a separating film between the casting mold and the casting material during the casting process and cool the casting mold, which has a strongly elevated surface temperature after a casting process.
In the long run, such temperature load – in the case of aluminum, for example, up to 500°C – would cause severe wear of the mold. Therefore, release agents also protect casting molds.
A release agent, in many cases, a wax or water emulsion, is sprayed onto the shaping surface of the mold by a spraying device that moves into the opened mold between two casting cycles.
Increasing Adoption in Automotive Industry Bolstering Market Growth
The automotive industry is one the significant and major end users of aluminum die casted components and products. There are several vital parts of a vehicle, such as the gearbox, clutch housing, steering box, turbocharger body, engine support, and others that prominently use aluminum die casting mold release agents.
Automotive aluminum die casting part manufacturing is a sub-sector, which has exhibited significant growth potential. As a result of high demand from the automotive sector, the aluminum die casting mold release agents market is gaining substantial pace.
Manufacturers’ Focus: Economic Range of Products
The global aluminum die casting mold release agents market is a competitive market space, where end users demand economic range of products for their end products. In order to meet this demand, manufacturers are developing high quality and affordable products. This factor is also responsible for product innovation, which increases the demand for and sale of aluminum die casting mold release agents. In addition, end users prefer products with low carbon emission so that overall spending cost on waste disposal is reduced, which simultaneously increases profits.
Aluminum Die Casting Mold Release Agents Market: Fairly Competitive Space
The global market for aluminum die casting mold release agents market is a moderately fragmented space, with several number of global as well as medium- and small-scale players are operating in the market. Owing to the presence of a number of regional and domestic players, the market is intensely competitive. Some of the key players who have a noteworthy aluminum die casting mold release agents market share are Henkel AG & Company, KGaA, FUCHS LUBRITECH GmbH, Vesuvius, Chem Trend L.P, METAL FLOW SA, ACMOS CHEMIE KG, Quaker Chemical Corporation, Lubrochem Srl, The HILL and GRIFFITH Company., Lubgraf Synoils Pvt. Ltd., Daikin Industries, Thermal-Lube Inc, Deaho Industries Ltd., Miller-Stephenson, Inc., Ultraseal India Pvt. Ltd. Baraldi S.r.l., Genesee Polymers Corporation, J&S Chemical, General Chemical Corp, Saish Metaflow, Marbo Italia SpA, Maax Lubrication Pvt Ltd, OxoChem Kimya San. ve Dis Tic. Ltd. ?ti, SMIT SARI METAL TREAT CO., LTD, Wellco Silicone & RnD Co, Nutech Company, LLC, WEICON GmbH & Co. KG, Fusoni, NEOS COMPANY LIMITED, Buehler Ltd. Michelman, Inc, Qualiserv (Group), and HANANO Co., Ltd, among others.
COVID-19 Impact on Aluminum Die Casting Mold Release Agents Market
The COVID-19 pandemic has adversely affected most sectors across the world, and this holds true for the global aluminum die casting mold release agents market as well. With major part of demand coming from the automotive sector, which has been hit hard by the pandemic as a result of trade restrictions and lockdowns, the growth of the aluminum die casting mold release agents market is expected to get impeded in the near term.
Manufacturers will look to strengthen their global supply systems and continue meeting robust demand from Asia Pacific. Significant demand from applications such as automotive components and industrial equipment will set the path for market growth in the coming years. The positive economic outlook of various countries, increasing investments, and availability of raw materials are expected to create numerous opportunities for the growth of the aluminum die casting mold release agents market over the coming decade.
Aluminum Die Casting Mold Release Agents Market – Report Scope
Persistence Market Research (PMR) recently published a study report on the global aluminum die casting mold release agents market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the aluminum die casting mold release agents market structure. This market research report presents exclusive facts and figures about how the aluminum die casting mold release agents market will grow over the forecast period.
Key indicators of market growth, such as value chain analysis, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the aluminum die casting mold release agents market over the forecast period.
The study is relevant for stakeholders in the aluminum die casting mold release agents market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the aluminum die casting mold release agents market can leverage the information and statistics presented in PMR’s research report.
The report includes facts and figures related to the micro- as well as macro-economic factors that are impacting the growth of the aluminum die casting mold release agents market. The study also offers actionable insights based on the future trends in the aluminum die casting mold release agents market. Furthermore, regional players and new entrants in the aluminum die casting mold release agents market can also use the information presented in this report to make business decisions and gain momentum in the market.
Key Segments of Aluminum Die Casting Mold Release Agents Market
PMR’s study on the aluminum die casting mold release agents market is divided into three significant segments - type, application, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.
Key Questions Answered in PMR’s Aluminum Die Casting Mold Release Agents Market Report
Aluminum Die Casting Mold Release Agents Market: Research Methodology
In PMR’s research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the aluminum die casting mold release agents market, and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by analysts to ensure the precision and reliability of the conclusions.
Secondary resources are referred to by analysts during the evaluation of the aluminum die casting mold release agents market, which comprises facts and figures from OEM websites, government websites, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, and production managers, to provide insightful information.
Comprehensive information acquired from primary and secondary resources is validated from companies operating in the market, to make PMR’s projections on the growth prospects of the aluminum die casting mold release agents market more accurate and reliable.