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New York, August 16, 2021/PRNewswire/ - During the forecast period from 2021 to 2031, the global automotive die-casting lubricants market is expected to grow steadily at a compound annual growth rate of more than 4%.

The growth in automobile production in Asia-Pacific, Europe and North America is expected to drive demand for automotive die-casting lubricants. Asia-Pacific countries such as China, India and ASEAN are expected to focus on supporting domestic lubricant manufacturing and serving the local market.

As the Environmental Protection Agency (EPA) and other regulatory agencies continue to increase environmental regulations on vehicle emissions, the demand for more fuel-efficient vehicles is growing at a considerable rate. This is expected to increase the demand for lightweight auto parts produced by die-casting of aluminum, magnesium and other metals and other non-ferrous metals.

However, the cost of lightweight materials with the same strength as traditional metals used to manufacture automotive parts is relatively high, which forces manufacturers to reduce profit margins to provide competitive prices and gain a competitive advantage in the market.

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Persistence Market Research analysts said: "It is expected that the demand for automotive die-casting lubricants will be significantly driven by the growth of car sales and the growing global demand for light vehicles."

According to market research analysis, Henkel AG & Co. KGaA, Chem-Trend LP, Quaker Houghton Inc., Moresco Corp., The Hill and Griffith Company, Geiger Co. Schmierstoff-Chemie GmbH, Ultraseal India Pvt. Co., Ltd., CHEMTOOL Company, Condat SA, Hardcastle Petrofer Pvt. Co., Ltd., Sunocs LLC, J&S Chemical Company, Lubgraf Synoils Pvt. Co., Ltd., Aoki Scientific Research Institute Co., Ltd., Falcon Industrial Inc, Lafrance Manufacturing, Marbo Italia spa, Sunrise Chemtech Pvt. Ltd and Acme Refining LLC. are automotive die-casting lubricants The main manufacturer.

The main participants participate in research and development activities and provide them with tailor-made products according to the needs of consumers, thereby gaining a competitive advantage in the market.

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Affected by various factors such as the growth of automobile sales and the growth of demand for lightweight automobiles, the global automotive die-casting lubricants market is expected to witness substantial growth. However, the high cost of materials related to the lightweight metals used in the production of automotive parts, such as aluminum, magnesium, zinc, etc., has hindered the growth of the market to a certain extent.

Persistence Market Research, a research and consulting company, has released a market research report on the automotive die-casting lubricants market, which includes a global industry analysis for 2016-2020 and an opportunity assessment for 2021-2031. The report provides an in-depth analysis of the market through different market segments, namely lubricants, types, die casting materials and regions. The report also provides an overview of supply and demand trends and the mother market.

Persistence Market Research (PMR), as a 3rd party research organization, does indeed operate through the exclusive merger of market research and data analysis to help companies succeed regardless of the turbulence faced by the financial/natural crisis.

Persistent market research is always ahead of the times. In other words, it develops market solutions by intervening in the company/customer's shoes before the company/customer enters the market secretly. The proactive approach adopted by the experts of Persistence Market Research can help companies/customers acquire technical business insights in advance so that they can simplify the follow-up course of action.

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