Market Size of Automotive Die Casting Lubricants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automotive Die Casting Lubricants Market Analysis
Automotive Die Casting Lubricants Market is expected to register a CAGR of over 7% during the forecast period.
- The requirement of lightweight components in the automotive industry has led to an increase in the application of die-cast components in vehicles. Further, the use of lightweight metals, such as aluminum and magnesium, has increased in the automotive industry, and are likely to continue the high growth rate in the forecast period. For the manufacturing of components, with these materials, manufacturers are increasingly opting for HPDC, due to its compliance with features, like high-quality and ease of manufacturing complex shapes.
- The market for plunger lubricants is forecast to be the fastest-growing market under die casting lubricants, fueled by the spike in demand for high-pressure die casting, especially from the automotive industry.
- Die-based lubricants are estimated to account for the majority of the market, due to the extensive usage of die release lubricants.
Automotive Die Casting Lubricants Industry Segmentation
Automotive Die Casting Lubricants Market is segmented by Type (Solvent-based, Water-based, and Others), By Application Type (Die Slick, Plunger Slick, Ladle Slick, Assembly Slick, and Others), By Die-casting Type (Aluminum and Magnesium, Tin, Lead and Zinc, Copper and Brass, and Others) and By Geography.
| Application Type | |
| Die Slick | |
| Plunger Slick | |
| Ladle Slick | |
| Assembly Slick | |
| Others |
| Material Type | |
| Aluminum and Magnesium | |
| Tin, Lead, and Zinc | |
| Copper and Brass | |
| Others |
| Geography | |||||||
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Automotive Die Casting Lubricants Market Size Summary
The automotive die casting lubricants market is poised for significant growth, driven by the increasing demand for lightweight components in the automotive sector. The shift towards using lightweight metals like aluminum and magnesium has been a key factor, as these materials are favored for their properties and are extensively used in vehicle manufacturing. High-pressure die casting (HPDC) has gained popularity due to its ability to produce high-quality components with complex shapes, further boosting the demand for die casting lubricants. Among these, plunger lubricants are expected to experience the fastest growth, spurred by the rising demand for high-pressure die casting. Die-based lubricants are anticipated to dominate the market, largely due to their widespread application as die release lubricants.
Regionally, the Asia-Pacific market is a major driver of the die casting lubricant industry, with countries like China, Japan, Korea, and India leading the charge. The burgeoning automobile manufacturing industry in these regions, particularly in China, is a significant contributor to market expansion. South Korea's robust domestic vehicle production supports the growth of both original equipment and aftermarket parts. In India, increased investments in the automotive sector, supported by government initiatives like 'Make in India,' are expected to propel the market further. The market is characterized by a high level of consolidation, with a few key players such as Acme Refining, ChemTrend, and Henkel dominating the landscape. These developments collectively indicate a promising outlook for the automotive die casting lubricants market over the forecast period.
Automotive Die Casting Lubricants Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters 5 Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Application Type
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2.1.1 Die Slick
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2.1.2 Plunger Slick
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2.1.3 Ladle Slick
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2.1.4 Assembly Slick
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2.1.5 Others
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2.2 Material Type
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2.2.1 Aluminum and Magnesium
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2.2.2 Tin, Lead, and Zinc
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2.2.3 Copper and Brass
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2.2.4 Others
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Spain
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2.3.2.5 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 Rest of Asia-Pacific
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2.3.4 Latin America
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2.3.4.1 Mexico
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2.3.4.2 Brazil
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2.3.4.3 Argentina
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2.3.5 Middle-East and Africa
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2.3.5.1 United Arab Emirates
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle-East and Africa
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Automotive Die Casting Lubricants Market Size FAQs
What is the current Automotive Die Casting Lubricants Market size?
The Automotive Die Casting Lubricants Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Automotive Die Casting Lubricants Market?
Acme Refining , Chem Trend , Chemtool, Hill and Griffith and Quacker are the major companies operating in the Automotive Die Casting Lubricants Market.
