Press release
Growth of Automotive Die Casting Lubricants Market Projected to Amplify During 2017 - 2025
The automotive die casting lubricants are required for high pressure die-casting machines while manufacturing. It is a substance introduced to reduce friction between moving parts in the automotive metal casting process. Developing technological trends have led to the modification of highly engineered automotive die casting lubricants to overcome the problems faced while casting (such as air bubble formation, lube formation, irregular finishing) and to enhance the quality of die casting process. Significant evolution has been observed in the automotive die castings lubricants market over the past few years. For instance, automotive parts made from high melting alloys of magnesium or aluminum are cast at high pressures for thorough cavity filling. Thus, high quality automotive die casting lubricants are required to withstand severity of high pressures and temperatures.
High Pressure Die Casting (HPDC) technology is expected to gain prominence in near term. It aids in complex and high quality casting at high temperatures, hence offering higher productivity. Thus, a new market shift is anticipated in the automotive die casting lubricants market over the forecast period. In the near future, die casting is expected to expand across all prominent markets where casting is required in a wide range of sizes and shapes. This anticipated increase in manufacturing is projected to push demand for the automotive die casting lubricants market.
Automotive Die Casting Lubricants Market: Drivers and restraints
Automotive manufacturers are inclined towards reducing the weight of vehicle by using light weight metal components in place of steel, so as to improve fuel efficiency. This trend is prompting automotive die casting lubricants manufacturers to develop new die-casting lubricant composition materials and technologies – hence acting as driver for the market. Manufacturers are also looking for developing eco-friendly automotive die casting lubricants to comply with Environment Protection Agency Toxic Release Inventory (EPA TRI) and reduce scrap accumulation, metal fumes and combustion byproducts. In order to meet environment regulations, water-based lubricants containing lower Volatile Organic Compounds (VOCs) are preferred over other counterparts. This is forecasted to drive the automotive die casting lubricants market over the forecast period.
However, efficiency of the automotive die casting lubricant depends upon the effectiveness of functional additives used in the formulation of it. Also, inability to adapt to temperature variations in the casting process may affect the efficiency of the automotive die casting lubricant.
Automotive Die Casting Lubricants Market: Segmentation
Automotive die casting lubricants can be classified on the basis of the type of additives used as:
Metal Flow Additives
Surfactants
Rust Preservatives
Hydrodynamic and Extreme Pressure Additives
Anti-Solder Additives
Automotive die casting lubricants can be classified on the basis of the type of application as:
Cold Chambers Machines
Hot Chamber Machines
Automotive die casting lubricants can be classified on the basis of the type as:
Die Lubricant
Plunger Lubricant
Trim Lubricants
Automotive Die Casting Lubricants Market: Region wise outlook
Among these regions, Europe is forecasted to dominate the automotive die casting lubricants market over the forecast period. Die casting has become significantly popular globally with the increase in demand for car parts, internal combustion engines, oil pumper bodies, transmission cases, clutch housings and valves and fitting applications, among others. The Asia Pacific region is expected to offer better opportunities for the automotive die casting lubricants market owing to rapid growth in industrialization in the coming future. The U.S. is expected to account for significant market share in the automotive die casting lubricants market during the forecast period due to intense competition with overseas production in the automotive casting market.
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