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Automotive Die Casting Lubricants Market

Global Market Study on Automotive Die Casting Lubricants: Rising Demand for Lightweight Vehicles Aiding Market Growth

Global Automotive Die Casting Lubricants Market by Lubricant type (Die-Casting Lubricants and Plunger Lubricants)

Global Automotive Die Casting Lubricants Market Snapshot

PMR has estimated the global automotive die casting lubricants market to reach a valuation of US$ 127.7 Mn in 2023. Sales prospects of Automotive Die Casting Lubricants is expected to witness a steady growth rate of 3.8% and is expected to top a valuation of US$ 185.4 Mn by 2033.

Demand for Automotive Die Casting Lubricants from various end use industries is growing substantially over the past few decades and the growth is expected to continue in next few years due to increasing demand for vehicles globally.

Attributes Key Insights

Automotive Die Casting Lubricants Sales (2022A)

US$123.0 Mn

Automotive Die Casting Lubricants Demand (2023E)

US$ 127.7 Mn

Automotive Die Casting Lubricants Market Projections (2033F)

US$ 185.4 Mn

Value CAGR (2023-2033)

3.8%

Collective Value Share: Top 3 Countries (2023E)

30%- 35%

In an automated process known as die casting, a liquid melt is pressed with great pressure and speed into a mould. A chemical used to lessen friction between surfaces during the metal casting process is referred to as an "automotive die casting lubricant."

Water-based and solvent-based automobile die casting lubricants fall under the same general classification. These lubricants shield the parts against a variety of issues, including porosity, in-cavity accumulation, cold shut, etc. Furthermore, automotive die casting lubricants reduce corrosion and pitting of the mould surface and offer bright castings with reduced gas production.

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Automotive Die Casting Lubricants Market Outlook (2017-2022) vs (2023-2033) Forecast

The market for Automotive Die Casting Lubricants witnessed a CAGR of 1.5% over the historical period of 2017 and 2022. The automotive and electric vehicles are the largest consumers of Automotive Die Casting Lubricants globally, and due to the COVID-19 crisis, these industries have experienced a significant decline in 2019.

The electric vehicle industry is dealing with a sudden and widespread cessation of economic activity as workers are ordered to stay at home, grind production chains to a halt, and close factories. The conclusion of the pandemic at the end of 2020 will allow the market's demand and growth to return to pre-pandemic levels, which is what drove the sharp rise in CAGR.

However, as per the current survey conducted by PMR, the forecast growth outlook for Automotive Die Casting Lubricants is to remain around 3.8% for the period of 2023 to 2033. Increasing utilisation of Automotive Die Casting Lubricants among its applications is expected to drive the demand for Automotive Die Casting Lubricants over the forecast period.

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Increasing preference for lightweight automotive components are boosting the sales of Automotive Die Casting Lubricants

To control emissions from vehicles to reduce pollution and increase air quality index (AQI) worldwide, various regional governments and environmental protection agencies like the U.S. Environment Protection Agency (EPA), United Nations and various others have put stringent regulations over the emissions from vehicles, especially in the US and European countries. For this, many vehicle manufacturers are demanding lightweight automotive components.

Lightweight automotive components are manufactured using aluminum, magnesium, zinc and other non-ferrous metals with the help of die casting.

Moreover, demand for fuel-efficient vehicles is experiencing a significant rise in emerging economies, which also requires lightweight components to increase fuel efficiency

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The High Cost Of Using Lightweight Materials Is A Major Factor Impeding The Sale Of Automotive Die Casting Lubricants

Lightweight materials that possess good strength, like aluminum, magnesium, zinc and other non-ferrous metals, are comparatively costlier as compared to conventional metals. High cost associated with the materials reduces the profit margins and hinder automotive manufacturers from offering competitive pricing to gain a competitive edge in market.

This increase in cost is expected to hinder the global automotive die casting lubricants market over the forecast period.

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Trend In Automotive Die Casting Lubricants Market

With the growing awareness about environmental protection and reducing pollution to ensure good health worldwide, eco-friendly products are becoming a critical choice for the consumers.Owing to low emissions in lightweight vehicles, demand for lightweight vehicles is expected to experience a significant rise.

Moreover, various stringent regulations imposed to promote the use of eco-friendly products are compelling manufacturers to shift their productions towards more sustainable manufacturing techniques and produce more sustainable products. Manufacturers are adopting strategic mergers and acquisitions to enhance the geographical footprint and revenue. Key manufacturers are adopting an expansion strategy as a key strategy to boost the sales in the market.

What are the Opportunities for Automotive Die Casting Lubricants Market?

According to PMR, the global market for Automotive Die Casting Lubricants is being driven by a number of factors, including the rising demand for consumer electronics products, 5G technology, and hybrid electric cars. These factors are also expected to contribute to the market's expansion. Due to the rising demand for electrodeposited copper foil in electric vehicles, printed circuit boards are the most frequently purchased area.

Manufacturing thin, high-performance electrodeposited copper foil grades that offer superior physical properties to finished products and selling them at competitive prices, as well as creating environmentally friendly methods of producing copper foil, such as finding a substitute for arsenic acid in the process, The manufacturing of new-generation products for end-use industries is anticipated to be beneficial to manufacturers in the global market for Automotive Die Casting Lubricants.

Various key manufacturers are investing a strong percentage of their revenues to provide tailored products to the consumers in order to get a competitive edge in the market and increase the consumer base to relish maximum opportunity.

Country-wise Insights

Role Of Asia Pacific Region In The Global Electrodeposited Copper Foil Market

China is anticipated to rule both the East Asian and global markets for automotive die casting lubricants. More than 67% of the market share for the East Asian market is anticipated to go to the nation.

Due to the country's enormous population, there is a high demand for cars there. One of the major vehicle makers in the world is this nation. China is a profitable market for automotive die casting lubricants thanks to the nation's enormous vehicle production capability.

Automobile manufacturers are also employing lightweight vehicle components to minimize emissions as a result of a shift in customer demand towards environmentally friendly products, which is opening up a lot of potential prospects for the nation.

Is the US a Lucrative Market for Automotive Die Casting Lubricants?

The US market for automotive die casting lubricants is predicted to expand by 3.2% annually in 2023, defying early concerns about how the business would fare in the event of a worldwide pandemic.

The US-based manufacturers of automobile die casting lubricants benefit from the nation's strong research and development skills and facilities. The producers may take full advantage of the opportunities generated by the global market thanks to access to cutting-edge technology and techniques.

Category-wise Insights

Which is the most selling Lubricant Type of Automotive Die Casting Lubricants?

On the basis of lubricant type, the global Automotive Die Casting Lubricants market is segmented as die-casting lubricants and plunger lubricants. Die-casting lubricants is dominant in global Automotive Die Casting Lubricants, which accounts for 94% of market value shares.

The automotive die-cast lubricants market's most popular lubricant type is die-cast lubricants. In the Automotive Die Casting Lubricants market, revenues from Die Casting Lubricants are anticipated to expand strongly by 4% in 2022.

According to a Persistence Market Research analysis, the demand for the Plunger Lubricant category is anticipated to rise 3.2% between 2022 and 2023, resulting in combined Automotive Die Casting lubricants market annual growth of 4.1% in 2022.This rise can be attributed to the greater usage of die casting to create lightweight, highly accurate automobile components.

Which is the most selling Type of Automotive Die Casting Lubricants?

On the basis of type, the global automotive die casting lubricants market is segmented as solvent based, water based and others. Water based die-casting lubricants is dominant in global automotive die casting lubricants, which accounts for more than 82% of market value shares.

According to Persistence Market Research, Water-based lubricants are the most widely used lubricants owing to the high vaporization capacity of water compared to other solvents. When temperature increases water evaporates and produces a cooling effect and results in maintenance of temperature during production.

Owing to this water-based lubricants are expected to carry dominance in the automotive die casting lubricants market during the forecast period with growing at a CAGR of 4.5% during the 2023-2033 period.

Which material is commonly used in Automotive Die casting?

On the basis of material, the global automotive die casting lubricants market is segmented as die casting materials aluminium, magnesium, zinc and others. Aluminium based die-casting material is dominant in global automotive die casting lubricants, which accounts for more than 75% of market value shares.

The most commonly used metal in the production of vehicle parts is aluminum. When compared to other materials on the market, aluminium is less expensive and offers great strength-to-weight ratios. Aluminum can be easily and accurately formed into intricate geometrical designs. Additionally, aluminium is readily accessible in nature, making it the ideal metal for producing lightweight car components.

Competitive Landscape

The majority of companies engaged in actions including strategic partnerships, capacity expansion, new product development, acquisitions, and the formation of new organisations to increase production. For the purpose of expanding their customer base, market leaders are also concentrating on acquiring rival companies.

For instance:

  • In December 2020, a privately held U.S. manufacturer of metal finishing fluid solutions, Coral Chemical Company, was acquired by Quaker Houghton Inc.
  • In May 2020, The lubricants and engineering business Tel Nordic ApS, which is principally specialised in high-pressure aluminium die casting across Europe, the Middle East, and Africa, was bought by Quaker Houghton Inc.

Scope of Report

Attribute Details

Forecast Period

2023-2033

Historical Data Available for

2018-2022

Market Analysis

  • USD Million for Value
  • Tons for Volume

Key Countries Covered

  • China
  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • BENELUX
  • Russia
  • Japan
  • South Korea
  • India
  • ASEAN
  • ANZ
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key Segments Covered

  • Lubricant Type
  • Type
  • Die casting materials
  • Region

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,
  • Sunocs LLC,
  • J&S Chemical Corporation,
  • Lubgraf Synoils Pvt. Ltd.,
  • Aoki Science Institute Co., Ltd,
  • Falcon Industrial Inc,
  • Lafrance Manufacturing,
  • Marbo Italia spa,
  • Sunrise Chemtech Pvt. Ltd,
  • Acme Refining LLC

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

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Automotive Die Casting Lubricants 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

- Companies Covered in This Report -

  • 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
  • Sunocs LLC
  • J&S Chemical Corporation
  • Lubgraf Synoils Pvt. Ltd.
  • Aoki Science Institute Co., Ltd
  • Falcon Industrial Inc
  • Lafrance Manufacturing
  • Marbo Italia spa
  • Sunrise Chemtech Pvt. Ltd
  • Acme Refining LLC

- Frequently Asked Questions -

The global market of Automotive Die Casting Lubricants is estimated to reach a valuation of US$ 127.7  Mn in 2023.

The Automotive Die Casting Lubricants demand in Batteries/Energy Storage is anticipated to witness a growth rate of 3.8% over the forecast period of 2023 and 2033 in terms of value.

According to PMR analysis, Henkel AG & Co. KGaA, Chem-Trend LP, Quaker Houghton Inc., Moresco Corp., The Hill and Griffith Company, Ultraseal India Pvt. Ltd, CHEMTOOL INCORPORATED,  Condat SA and Hardcastle Petrofer Pvt. Ltd,  , are identified as the key manufacturers in the Automotive Die Casting Lubricants market.

Key players in the global Automotive Die Casting Lubricants market are expected to account for about 45%-50% of the overall market share.

The top countries driving the global Automotive Die Casting Lubricants demand are China, Taiwan, Japan, U.S., Germany and India.

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