(Our post for this week comes from Mordor Intelligence's description of the global die casting lubricant industry.)
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 Compound Annual Growth Rate of 9.24% through 2020. 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.
The drive for improved fuel efficiencies in the automobile industry has led to continuous developments in the die-casting materials and technologies, as manufacturers strive to reduce the weight of automobiles by replacing steel with light metal components. There has been a significant evolution in automotive die-casting over the last thirty years from relatively small parts to the casting of very large parts, such as engine blocks of a vehicle. The parts are frequently made from relatively high melting alloys of aluminum or magnesium and are cast at very high pressures to ensure complete cavity fill. As die-casting conditions require severity of temperature, pressure and increased part size, the need for lubricants arises to enhance the process.
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.
The market is segmented by type, application, die-casting metal and geography.
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