Press release
Automotive Die Casting Lubricants Market will Register a CAGR of 5.1 % through 2025
Among type of lubricants, water based die casting lubricants segment is expected to expand at a significant CAGR in terms of value over the forecast period because of the additional cooling and thermal stability caused due to the high evaporation rate of water. Among die casting metal type, aluminium continues to be the most commonly used material for die casting of automotive parts and requiring significant amount of lubricants for proper release, finish and strength of the die casted part. Considering the lubricant type segment, die lubricants are projected to show relatively high growth over the forecast period. This is because complex dies for casting are being designed in single castings to reduce the assembly and joining procedure. The complexity of dies leads to uneven cooling thus requiring lubricants for thermal management and for the proper uniformity and finish of the casted part. In order to reduce the problems of porosity, uneven finish and non-uniformity, various technological advancements are being done to deduce methods that could improve the quality and efficiency of the die casting process. One such method is vacuum assisted die casting. Moreover, new grade alloys that can be die casted are also being developed as these provide better mechanical strength and thermal stability. Increasing local and foreign investments in the automotive sector especially in regions such as Latin America and Middle East and Africa is also anticipated to drive the market growth.
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The use of betaine anhydrous in food & beverages sector has led to significant investments in Research & Development department in order to research on its novel applications in supplements and dietary products, as betaine anhydrous market is expected to be largely driven by this industry. The significant value addition to the food supplements for muscle strength and athletic performance has increased the demand for health beneficiary products across the world that in turn bolsters betaine anhydrous market growth over the forecast period. Another major driving factor observed is the increasing demand for adding natural nutritive ingredients in beauty and personal body care products, which results in a considerable rise in demand for betaine anhydrous. The use of betaine anhydrous in animal feed additives help in enhancing the metabolism of animals and thereby the demand for betaine anhydrous is expected to witness steady growth in this sector, over the forecast period. Considering all the aforementioned factors, significant opportunities are expected to emerge for the betaine anhydrous market in the above mentioned fields over the forecast period.
However, despite the approval from the U.S. Food & Drug Association (FDA) for the treatment of disease in humans, named homocysteine, intake of betaine anhydrous beyond permissible limits has caused certain side effects and is detrimental to health of living beings. Also, other substitutes available in the market such as DL-Methionine and Dimethylthetin are expected to hinder the growth of betaine anhydrous market, thus creating intense competition among the players over the forecast period.
Based on geography, betaine anhydrous is estimated to be highly demanded in the European nations over the forecast period. The regulatory authorities such as European Food Safety Authority in this region have approved the usage of betaine anhydrous in animal staple food, which is expected to drive the potential economic growth of manufacturers in betaine anhydrous market. North America region is expected to witness potential growth in betaine anhydrous market in the coming future. The rising awareness among public about health benefits also has led to an increase in consumption of nutritional supplements containing betaine anhydrous. India and China, for its increasing demand for natural ingredients in cosmetic industry is projected to be fast growing markets of betaine anhydrous over the forecast period.
Some of the examples of market players in betaine anhydrous market are mentioned below: Crystal Pharma, Penta Manufacturing Company, Sunwin Biotech Shandong Co., Ltd., American Crystal Sugar Company, Aako, Sisco Research Laboratories Pvt. Ltd.,
Foodchem International Corporation, Shaoxing Marina Biotechnology Co., Ltd., Orison Chemicals Limited, The Agrocapital Ukraine.
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