According to a recent report by Future Market Insights (FMI), the global automotive die-casting lubricants market is projected to reach USD 129.18 million in 2023. Growing demand for lightweight automotive vehicles, coupled with increasing research and development initiatives intended at developing eco-friendly automotive die-casting lubricants are identified chief growth factors.
Amid soaring competition, top 5 players comprising Henkel AG & Co. KGaA, Quaker Houghton Inc., Moresco Corp., Condat S.A., and Chemtool Incorporated are estimated to hold 50-60% of the total market share. Die-casting lubricants that are environmentally friendly and sustainable are in greater demand as environmental regulations become stricter.
Oils that are biodegradable and water-based are reducing the impact on the environment and improving worker safety. As die-casting technology advances and the demand for high-quality castings increases, high-performance lubricants are increasingly in demand. Lubricants with these properties provide excellent thermal stability and reduced tool wear.
Aluminum is increasingly being used in die-casting processes for automotive applications due to its lightweight characteristics and improved fuel efficiency. Aluminum die-casting presents lubricant manufacturers with the opportunity to make specialized lubricants that reduce porosity, prevent soldering, and promote heat dissipation. The die-casting process is constantly being improved by manufacturers to increase productivity and efficiency. A variety of innovative lubricant formulations are being developed by lubricant suppliers to speed up cycle times, reduce maintenance downtime, and make processes more stable.
A number of lubricant application methods are becoming more popular in automotive die-casting, such as spray systems and microdosing technologies. By using these techniques, lubricant deposition can be controlled more precisely, waste can be reduced, and complex geometries can be precisely lubricated.
Asia-Pacific and Latin America are experiencing significant growth in the automotive industry. In these regions, the demand for die-casting lubricants is increasing, which presents opportunities for lubricant manufacturers. Automotive OEMs, die cast equipment providers, and lubricant manufacturers are collaborating more often. In these partnerships, lubricant solutions are developed, die-casting processes are optimized, and evolving automotive needs are met.
| Report Attribute | Details |
|---|---|
| Automotive Die-casting Lubricants Market Size (2022) | USD 123.26 Million |
| Automotive Die-casting Lubricants Market Share Value (2023) | USD 129.18 Million |
| Automotive Die-casting Lubricants Market Anticipated Forecast Value (2033) | USD 256 Million |
| Automotive Die-casting Lubricants Market Projected Growth Rate (2023 to 2033) | 7% CAGR |
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Demand for automotive die-casting lubricants grew at a sluggish pace at a 4.8% CAGR between 2018 and 2022. IoT sensors and data analytics are changing the automotive die-casting industry with Industry 4.0 technologies. Manufacturers of lubricants are experimenting with smart lubrication systems with the purpose of optimizing lubricant usage, predicting maintenance requirements, and improving overall process control.
The rising demand for automobiles is driven by increasing economic developments & purchasing power of the consumers. However, growing fuel prices are compelling consumers to adopt fuel-efficient vehicles. Automotive components produced through die-casting provide a greater strength-to-weight ratio as compared to forged components, which in turn is driving automotive die-casting lubricants sales over the forecast period.
The automotive industry creates a huge demand for highly precise and dimensionally accurate designs. The die-casting method is used to produce components with high precision and dimensional accuracy, which is driving its applications in the automotive industry.
The proper management of thermal energy, however, is essential while production. Proper thermal management in the die-casting method requires lubricants to absorb temperature and prevent the process from overheating. Owing to these factors, demand for die-casting lubricants is expected to soar over the assessment period. Shifting focus toward sustainable and eco-friendly products is spurring demand for automotive die-casting lubricants. Stringent regulations regarding carbon emissions are generating demand for lightweight and fuel-efficient automotive vehicles, translating into increased applications of die-casting process.
Metals such as aluminum, magnesium, zinc, and other non-ferrous metals that can provide a greater strength-to-weight ratio are used in manufacturing lightweight vehicles. These metals require die-casting to be cast in complex shapes used in the production of automobiles. This is expected to drive the demand for automotive die-casting lubricants over the forecast period. Owing to the aforementioned factors, Future Market Insights is anticipates the global automotive die-casting lubricants market is expected to expand at a CAGR of 7% during the assessment period.
Various governmental regulations to promote the production and sales of automobiles in emerging economies like Mexico, Turkey, India, and other South-East Asian countries are anticipated to create ample opportunities for automotive die-casting lubricants manufacturers.
Push towards energy efficiency in vehicles and electric vehicle adoption is propelling demand for lightweight material-based components such as aluminum, resulting in lucrative growth opportunities for the automotive die-casting lubricants market players. Various government-led investments in countries such as India, Turkey, Iran, and Morocco make will create attractive opportunities for players looking for production facility expansions.
Owing to these initiatives and growing foreign investments in the emerging economies, sales of automotive die-casting lubricants is projected to grow in the forthcoming years.
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Increasing Sales of Passenger Vehicles are expected to Grow Demand for Automotive Die-casting Lubricants Market
Die-casting lubricants are expected to grow at a CAGR of 3.9% in the United States through 2033. Across North America, the total sales of automotive die-casting lubricants are expected to reach 4,459 Tons.
North America is predicted to remain one of the most attractive markets during the forecast period, according to Future Market Insights. The United States is expected to continue its dominance in the North American automotive die-casting lubricants market over the forecast period.
As the United States continues to sell more passenger vehicles, government policies are creating opportunities for expansion. Hence, die-casting lubricants sales are expected to grow. The American Society of Mechanical Engineers and the American National Standards Institute (ANSI) have set the highest quality standards for the die-casting industry in the world. As a result of these factors, the United States offers a promising market for die-casting automotive die-casting lubricants market.
Chinese Electric Vehicle Sales are Likely to Grow in Demand in the Market
China is one of the most attractive markets for automotive die-casting lubricants. The Chinese automotive die-casting lubricants market is expected to witness a market growth of USD 36.7 million. Rapid urbanization and population growth in China are boosting demand for automotive vehicles in the country, which is boosting demand for automotive die-casting lubricants.
Moreover, China is one of the leading producers of automobiles across the globe. The country produced almost 22 million vehicles in 2021. With the presence of a well-established automotive industry and ancillary components, China is anticipated to emerge as a highly attractive automotive die-casting lubricant market.
A rise in demand for electric vehicles and a greater demand for lightweight components are driving the automotive die-casting market. Due to the high level of domestic automobile production, automobile component production in China is increasing.
The Growth of Small-scale Automotive Component Manufacturers will Drive Consumption of Automotive Die-casting Lubricants
Germany currently holds dominance in the European Automotive Die-casting Lubricants market, accounting for approximately 32% of the European market share. A strong presence of numerous automotive component manufacturers in the country is consistently attracting manufacturers to expand their production facilities in Germany.
Intensive research and development activities, along with access to cutting-edge technology and resources in the country are anticipated to bode well for the automotive die-casting lubricants market. Besides this, increasing sales of electronic vehicles (EV) will continue fostering sales of automotive die-casting lubricants. EVs require lighter-weight automotive components to reduce the load on motors and increase Km run per charge capacity of the vehicles. This factor is expected to boost demand for automotive die-casting lubricants over the forecast period, opines FMI.
Increased demand for Die-casting Lubricant Services will Fuel The Die-casting Lubricant Demand
Based on lubricant type, automotive die-casting lubricants are segmented into two types: die-casting lubricants and plunger lubricants. As per FMI’s analysis, sales of die-casting lubricants is projected to increase at a healthy pace over the forecast period, capturing 98% of the overall revenue generated.
Future Market Insights projects the dominance of die-casting lubricants, as the segment will add 30 more BPS points over the forecast period. According to forecasts, the automotive die-casting lubricants market is predicted to expand by 4.5% by 2023.
Biodegradable Materials and Eco-friendly Lubricants Demand will Drive the Market
Owing to shifting consumer preference towards eco-friendly products due to stringent government regulations regarding decarbonization is anticipated to spur demand for water-based lubricants. The segment is projected to grow at a steady 4.6% CAGR through 2033.
Die-casting lubricants based on water are the most dominant in the global automotive market, accounting for over 84% of market value shares. Compared to other solvents, water has a high vaporization capacity, which makes it the most widely used lubricant. Water evaporates at higher temperatures, causing a cooling effect that maintains the temperature in the production area.
Reduced Emissions and Increased Fuel Efficiency will Grow Demand for Aluminum Die-casting Lubricant Market
Aluminum is abundantly present in the earth’s crust which makes the metal cheaper than its counterparts. The excellent strength-to-weight ratio of aluminum is driving its adoption in casting components. Aluminum’s lightweight and durable properties make it attractive in various industries, such as aerospace and automotive.
The growing focus on incorporating lightweight materials into vehicle production, such as aluminum, is likely to contribute to the market's growth.
As a result, aluminum is projected to emerge as the most-preferred material type during the assessment period, holding 78% of the total market share. By designing innovative aluminum die-casting technologies that are more precise, faster to produce, and more energy efficient, manufacturers can gain a significant advantage over their competitors.
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Trends in business are constantly changing due to changing market conditions and technological advancements. A growing startup ecosystem is emerging around the automotive die-casting lubricants industry. The following are some key automotive die-casting lubricants startups:
Key market participants in the global automotive die-casting lubricants market are focusing on product development, launching new and innovative products, and expanding their market in emerging economies through strategic acquisitions and mergers. For instance:
In May 2023, Shanghai Yongmaotai Automotive die-casting products met the technical requirements for mass production. Furthermore, the company will be able to meet die-casting performance requirements with its technology, which uses a high percentage of secondary aluminum, thereby conforming to the trend of reducing carbon emissions and protecting the environment. Marketing efforts will be intensified by the company to reach a large-scale production and sales of materials that cannot be heat treated.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for value and Kilo Tons for Volume |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia; East Asia; Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, Malaysia, Singapore, Thailand, China, Japan, South Korea, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Kay Segments Covered | Lubricant Type, Type, Die-Casting, Region |
| Key Companies Profiles | 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 |
| Customization & Pricing | Available Upon Request |
The market is expected to generate revenue of USD 129.18 million in 2023.
The market is expected to expand at a CAGR of 7% through 2033.
Increasing preference for lighter vehicles and regulations for carbon emissions are propelling the market growth.
Green technologies and high-performance lubricants are enhancing the lucrativeness of the market.
Aluminum is a highly preferred die-casting material.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Lubricant Type 5.1. Die-Casting Lubricant 5.2. Plunger Lubricant 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 6.1. Water-based 6.2. Solvent Based 6.3. Other 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Die-Casting Material 7.1. Aluminium 7.2. Magnesium 7.3. Zinc 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Henkel AG & Co.KGaA 18.2. Chem-Trend LP 18.3. Quaker Houghton Inc. 18.4. Moresco Corp. 18.5. The Hill and Griffith Company 18.6. Geiger + Co. Schmierstoff-Chemie GmbH 18.7. Ultraseal India Pvt. Ltd 18.8. CHEMTOOL INCORPORATED 18.9. Condat SA 18.10. Hardcastle Petrofer Pvt. Ltd 18.11. Sunocs LLC 18.12. J&S Chemical Corporation 18.13. Lubgraf Synoils Pvt. Ltd. 18.14. Aoki Science Institute Co., Ltd 18.15. Falcon Industrial Inc 18.16. Lafrance Manufacturing 18.17. Marbo Italia spa 18.18. Sunrise Chemtech Pvt. Ltd 18.19. Acme Refining LLC 19. Assumptions & Acronyms Used 20. Research Methodology
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Automotive Die-casting Lubricants Market
