The global automotive die casting lubricants market is reached US$ 120 million in 2021 and is anticipated to grow at a CAGR of 4.3% during the forecast period of 2023 to 2030. Chief growth reasons have been highlighted as a growing demand for environmentally friendly automotive die casting lubricants and an increase in the number of research and development projects aimed at creating environmentally friendly automotive die casting lubricants. The increasing economic advancements and the rising purchasing power of customers are the primary drivers of the rising demand for automobiles. Nevertheless, rising prices at the pump are driving people to choose automobiles with better gas mileage. When compared to forged components, the strength-to-weight ratio of automotive components produced through die casting is significantly higher. This, in turn, is driving sales of automotive die casting lubricants over the projection period.In addition, the automotive industry generates a significant need for designs that are extremely precise and accurate in terms of dimensions. Die casting is a technology that can produce components with high precision and dimensional accuracy, which is pushing its uses in the automobile sector. Die casting is also known as investment casting.

Key Market Drivers Impacting the Market Growth Positively

Lubricants are necessary for effective thermal management in the die casting procedure because they absorb temperature and prevent the process from becoming too hot. As a consequence of these aspects, it is anticipated that the demand for die casting lubricants will skyrocket during the course of the evaluation period.Additionally, there has been an increased emphasis placed on producing sustainable and environmentally friendly goods, which has led to an increase in the market for automotive die casting lubricants. Because of increasingly stringent rules on carbon emissions, there is a growing need for automobiles that are both lightweight and fuel-efficient. This desire has led to a growth in the number of applications for the die casting technique.Metals such as aluminium, magnesium, and zinc, along with other non-ferrous metals, are employed in the production of light-weight vehicles because of their ability to deliver a higher strength-to-weight ratio. Die casting is required for the casting of these metals into the intricate shapes that are utilised in the construction of automobiles. Over the course of the forecast period, this is anticipated to be a primary factor driving demand for automotive die casting lubricants.

Significant Opportunities during the Forecast Period

Automotive die casting lubricants manufacturers are anticipating the creation of numerous opportunities as a result of the myriad of governmental regulations designed to encourage the manufacturing and retail sale of automobiles in developing economies such as Mexico, Turkey, India, and other South-East Asian nations.Demand for lightweight material-based components, such as aluminium, is being driven by the push toward energy efficiency in automobiles and the adoption of electric vehicles. This is creating a lucrative growth prospects for industry players in the automotive die casting lubricants market. A number of different government-led projects in countries such as India, Turkey, Iran, and Morocco will make it possible for players wishing to expand their production facilities to take advantage of potentially lucrative prospects.It is anticipated that the market for automotive die casting lubricants would expand during the forecast period as a result of the aforementioned initiatives as well as the growing number of foreign investments in emerging nations.

In-depth Segment Analysis

• Die-casting lubricants and plunger lubricants are the two lubricant categories covered in the report. According to the findings of the report, the market for die-casting lubricants held about 95% of the revenue share in 2021. Die-casting lubricants are anticipated to continue this dominance even during the forecast period of 2023 to 2030.
• It is anticipated that the demand for water-based lubricants will increase at a CAGR of 4.3% during the forecast period of 2023 to 2030as a result of a changing trends with respect to customer preference toward environmentally friendly products. Governments across the globe has created increased awareness about eco-friendly solutions and have framed stringent regulations pertaining to decarbonization.
• Aluminium is abundantly available which contributes to the metal's lower cost in comparison to its competitors. Aluminium’s widespread use in casting components is being propelled by the material's exceptional strength-to-weight ratio.As a consequence of this, it is anticipated that aluminium will become the most popular type of material to use, owning 75% of the revenue share in 2021.

North America Market Dominates in Terms of Market Revenues

North America held the largest revenue share in 2021. It is also anticipated that North America will continue to be one of the most appealing markets during the forecast period. It is expected that the U.S. will maintain its position as the dominant player in the automotive die casting lubricants market in North America.  With respect to European market Germany was responsible for around 25% of the market share (within Europe) in 2021. A significant presence of a large number of manufacturers of automobile components in the country is continually encouraging more manufacturers to establish or expand their production facilities in Germany. It is projected that the intensive research and development activities, in addition to the country's availability to cutting-edge technology and resources, will bode well for the automotive die casting lubricants industry.

It is anticipated that Asia-Pacific will register the highest CAGR during the forecast period of 2023 to 2030. The expanding vehicle manufacturing business in Asia Pacific is the primary force propelling the die casting lubricant industry there. This is especially true in nations such as China, Japan, Korea, and India. The rapid increase in the number of automobiles that are being driven in China is the primary factor propelling the country's market. When it comes to automobile die casting lubricants, China is one of the most promising markets in the world. It is anticipated that the Chinese market for automotive die casting lubricants will evidence a CAGR of 4.3% during the forecast period. In addition to this, China is currently among the top makers of autos across the entire world. In the year 2021, the nation manufactured over 22 million motor cars. It is projected that China would emerge as a highly attractive market for automotive die casting lubricants due to the presence of a well-established automotive sector and ancillary components in the country. It is anticipated that South Korea will be a viable market for both original equipment parts and aftermarket parts in the near future. The high level of domestic vehicle production in the country is the primary factor driving the expansion of the original equipment manufacturer (OEM) segment in the automobile component manufacturing industry.

Market Consolidation Presents Cut-Throat Competition

The industry is extremely consolidated, with only a few companies holding the majority of market share.The primary market participants in the worldwide automotive die casting lubricants market are concentrating their efforts on product development, the introduction of new and innovative products, and the expansion of their market share in developing economies through strategic acquisitions and mergers. Top five market players that include Henkel AG & Co. KGaA, Quaker Houghton Inc., Moresco Corp., Condat S.A., and Chemtool Incorporated hold more than 50% of the market share.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Automotive Die Casting Lubricants market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Automotive Die Casting Lubricants market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Automotive Die Casting Lubricants market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Automotive Die Casting Lubricants market?
• Which is the largest regional market for Automotive Die Casting Lubricants market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Automotive Die Casting Lubricants market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Automotive Die Casting Lubricants market worldwide?