Technological advancements have led to the development of highly engineered die lubricants that can be tailored to enhance the die-casting process, allowing them to gain additional efficiency. The market is expected to grow at a CAGR of 9.50% and touch USD 1.45 billion by the end of the forecast period. Die lubricants provide their effectiveness where they can be engineered to optimize wetting and spreading times, promote metal flow, quickly cool die surfaces and maintain a die temperature within a narrow band, all of which allow for faster cycle times and longer die life.
Cost Issues and Resource Inefficiences to slowdown the die casting sector?
Price fluctuations of non-ferrous metals pose a serious threat to the growth of the automotive parts die casting market, as it puts pressure on the supply side, resulting in increased production cost. The shortage of raw material supply and the increasing demand of the automobile industry has adversely affected the market sentiment.
Price of Aluminium Alloy (USD per metric ton) 2016
Price of Zinc Alloy (USD per metric ton) 2016
A high-pressure die-casting machine has many moving parts that require lubrication. The main types of lubricants required for the die-casting machinery are- die lubricants, plunger lubricants, and trim press lubricants. These are the areas where thermal stresses are maximum as a result of exposure to the molten metal. Unique, robust and formulated products are developed to serve as plunger lubricants and die lubricants that meet the needs of extremely harsh conditions faced by the machinery.
Water-based lubricants, called emulsions, are the most commonly used lubricants because of environmental and safety reasons. These types of lubricants are useful since if the water in the solvent is properly treated to remove all minerals from it, it will not leave any by-product in the dies, unlike mineral based solvents. The negative health implications of solvents and compliance with local environmental standards have enabled advanced water-based lubricant products.
The market is primarily dominated by Asia-Pacific countries, followed by Europe. The market is quite fragmented with the presence of many regional players.
Some of the key players in the market are:
Chem Trend Henkel J&S Chemical Corp MacLube IFrame