Market Size of Automotive Die Casting Lubricants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automotive Die Casting Lubricants Market Analysis
Automotive Die Casting Lubricants Market is expected to register a CAGR of over 7% during the forecast period.
- The requirement of lightweight components in the automotive industry has led to an increase in the application of die-cast components in vehicles. Further, the use of lightweight metals, such as aluminum and magnesium, has increased in the automotive industry, and are likely to continue the high growth rate in the forecast period. For the manufacturing of components, with these materials, manufacturers are increasingly opting for HPDC, due to its compliance with features, like high-quality and ease of manufacturing complex shapes.
- The market for plunger lubricants is forecast to be the fastest-growing market under die casting lubricants, fueled by the spike in demand for high-pressure die casting, especially from the automotive industry.
- Die-based lubricants are estimated to account for the majority of the market, due to the extensive usage of die release lubricants.
