x

Global Automotive Die Casting Lubricants Market to reach US$1997.1 mn by 2026 as it Reduces Assembly and Joining Procedure

Author: QYResearch  |   Published Date: 2020-02-17   |   Views: 248



Los Angeles, February 17, 2020 - Rapid development in automotive development has reported rising adoption of high-strength and lightweight metal castings to improve efficiency, increasing demand for automotive die casting lubricant. QY Research published a report titled, “Global Automotive Die Casting Lubricants Market Research Report 2020” to study its growth and subsequent driver. The global automotive die casting lubricants market is valued at US$1723.8 mn in 2020 is expected to reach US$1997.1 mn by the end of 2026, rising at a CAGR of 2.1% during 2021-2026.


Global Automotive Die Casting Lubricants Market-01.jpg


To request a PDF sample copy of this report:https://www.qyresearch.com/sample-form/form/1421935/global-automotive-die-casting-lubricants-market


Efficiency and Effectiveness to Boost Die Casting Lubricants Market


Thriving automotive industry is observing several developments and innovation to improve performance and efficiency of the vehicle in affection to adhering to governmental regulation. This has increased the adoption of die casting as it increases its strength and reduces its weight. In order to effectively use die casting, die casting lubricant is utilized to reduce friction, porosity problems, uneven finishing, and non-uniformity. It also functions by transporting foreign particles, transmitting force, and heat and cool the surfaces.


Furthermore, to reduce the assembly and joining procedure, complex dies are being designed in single castings. These factors will significantly accelerate the demand of automotive die casting lubricants.


Hot Chamber Machines Segment to Observe Significant Market Demand for Lubricants


The metals in hot chamber machines face uneven cooling that require die casting lubricants for thermal management, reducing porosity problems, uneven finishing, and non-uniformity. Furthermore, it enhances the quality and efficiency of the die casting process. These factors will significantly affect the market growth in forecast years.


Asia Pacific to Hold Largest Growth in Global Market


Rising automotive industry in developing countries including India and China is expected to boost the demand for automotive die casting lubricants. Furthermore, heavy investments for major automotive manufacturers around the world is expected to hold boost the market in Asia Pacific region.


Manufacturers to Focus on Strategic Expansion in Developing Countries


In 2015, Shell announced the opening of it’s a new lubricants blending plant in Tianjin with an aim to grow its lubricants business in China. The estimates capacity of the new plant its 330 million litres of finished lubricants per year. Along with the new plant their strategy will concentrate on downstream footprint through strong relationships with distributors, collaboration with key vehicle, and equipment manufacturers.

The major players in the market include Sinopec, Shell, Quacker, Exxon Mobil, Petrobras, Total, Henkel, PetroChina, FUCHS, JX MOE, Houghton, Chem Trend, CAM2, Berkshire, LUKOIL, and others.


About Us:

QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.


Contact US

QY Research, INC.

17890 Castleton, Suite 218,

Los Angeles, CA – 91748

USA: +1 626 428 8800

China: +86 1082 945 717

Japan: +81 9038 009 273

India: +91 9766 478 224

Emails – enquiry@qyresearch.com



QYR Clients

  • csl
  • croozer
  • crital alert
  • cristal
  • corveneng
  • coperion
  • contijpi medical
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
More Clients...