Global Automotive Die Casting Lubricants Market report from Global Insight Services is the single authoritative source of intelligence on Automotive Die Casting Lubricants Market The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Automotive die casting lubricants are special oils or greases that are used to lubricate the dies and molds used in die casting. These lubricants help to reduce friction and wear on the dies and molds, and they also help to protect the dies and molds from corrosion. Automotive die casting lubricants are typically made from synthetic oils or greases, and they are designed to withstand the high temperatures and pressures involved in die casting.
Key Trends
The key trends in automotive die casting lubricants technology are the development of new and improved lubricants and the increased use of environmentally friendly lubricants. New and improved lubricants are being developed to improve the efficiency of die casting operations and to reduce the environmental impact of die casting.
Environmentally friendly lubricants are being developed to reduce the emissions of volatile organic compounds (VOCs) and to meet the requirements of the European Union’s REACH regulation.
Key Drivers
The main drivers of this market are the increasing demand for lightweight vehicles, the need for energy-efficient vehicles, and the stringent emission norms.
The automotive industry is shifting its focus from traditional gasoline and diesel-powered vehicles to electric and hybrid vehicles. This is because electric and hybrid vehicles are more fuel-efficient and emit less carbon dioxide than traditional gasoline and diesel-powered vehicles. The rising awareness about the harmful effects of carbon emissions is one of the major factors driving the demand for electric and hybrid vehicles. In addition, the increasing prices of gasoline and diesel are also fuelling the demand for electric and hybrid vehicles.
The governments of various countries are also promoting the use of electric and hybrid vehicles through various incentives and subsidies. For instance, the Chinese government offers a subsidy of up to 60,000 yuan (US$8,818) for the purchase of an electric vehicle. Similarly, the Indian government offers a subsidy of up to Rs 1.5 lakh (US$2,178) for the purchase of an electric vehicle. These subsidies and incentives are expected to boost the sales of electric and hybrid vehicles in the coming years.
The increasing demand for lightweight vehicles is another factor driving the growth of the automotive die casting lubricants market. Lightweight vehicles consume less fuel and emit less carbon dioxide than traditional vehicles. The rising fuel prices and the stringent emission norms are the major factors driving the demand for lightweight vehicles.
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Restraints & Challenges
The automotive die casting lubricants market is expected to grow at a moderate pace during the forecast period. The growth of the market is restrained by the volatile prices of raw materials and stringent environmental regulations.
The automotive die casting lubricants market is expected to be challenged by the increasing adoption of electric vehicles. The growth of the market is also challenged by the declining demand for passenger cars in developed markets.
Market Segmentation
The Automotive Die Casting Lubricants Market is segmented by type, application type, die casting material and region. On the basis of type, the automotive die casting market is segmented into, solvent-based, water-based and others. On the basis of application type, the automotive die casting market is segmented into, die slick, plunger slick, ladle slick and others. On the basis of die casting material, the automotive die casting market is segmented into, aluminum and magnesium, tin, lead, and zinc, copper and brass and others. By region, the market is classified into North America, Europe, Asia-Pacific and rest of the world.
Key Players
The automotive die casting lubricants market is fragmented in nature. The key players in the Automotive Die Casting Lubricants Market are Acme Refining, Chem Trend, Chemtool, Henkel, Hill and Griffith, J&S Chemical Corp, Quacker, Sunocs, Sunrise Chem-Tech, and Moresco Corp.
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