Demand For Water-Based Automotive Die Casting Lubricants Market To Remain High From 2021-2031

The global automotive die casting lubricants market is expected to expand at a steady CAGR of over 4% during the forecast period of 2021-2031. Growth in production of automobiles across Asia Pacific, Europe, and North America is projected to drive demand for automotive die casting lubricants. Countries in Asia Pacific such as China, India, and ASEAN, among others, are expected to focus on supporting domestic lubricant manufacturing to serve local markets. Due to increasing environmental regulations on vehicle emissions by various regulatory bodies such as the Environment Protection Agency (EPA), demand for more fuel-efficient vehicles is increasing at a substantial rate. This is anticipated to elevate demand for lightweight automotive components that are produced using metals such as aluminium, magnesium, and other nonferrous metals using die casting. However, comparatively high cost of lightweight materials that provide the same strength as conventional metals used in the manufacturing of automotive components is compelling manufacturers to reduce profit margins to provide competitive pricing and gain a competitive edge in the market.

To remain ‘ahead’ of your competitors, request for a samples@ https://www.persistencemarketresearch.com/samples/15307

Key Takeaways from Market Study
• Sales of automotive die casting lubricants is anticipated to grow due to increasing demand from the automotive industry.
• China is one of the largest markets for automotive die casting lubricants owing to the vast urbanized population driving vehicle sales and the strong presence of automobile manufacturers.
• Water-based lubricants are the most widely used due to their high vaporization capacity.
• Aluminum is the most preferred die casting material as this metal provides an impressive strength-to-weight ratio.

For critical insights on this market, request for customization here @ https://www.persistencemarketresearch.com/request-customization/15307

Competitive Landscape
According to the market research analysis, 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, and Acme Refining LLC., are key manufacturers of automotive die casting lubricants. Key players are involved in research & development activities to provide tailored products to consumers according to their needs, so as to gain a competitive edge in the market.

Conclusion
Owing to various factors such as growth in automobile sales and rising demand for lightweight vehicles, the global market for automotive die casting lubricants is expected to witness substantial growth. However, high cost of materials associated with lightweight metals used in the production of automotive components, such as aluminum, magnesium, zinc, and various others is hindering market growth to some extent.

For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/15307

Read More Trending “PMR Exclusive Article”
• Global Market Study on Industrial Lubricants: https://www.persistencemarketresearch.com/market-research/industrial-lubricants-market.asp
• Global Market Study on White Oil: https://www.persistencemarketresearch.com/market-research/white-oil-market.asp

Contact us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com

About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.

This release was published on openPR.