Aluminum Die Casting Mold Release Agents Market Trends

  • Report ID: 6124
  • Published Date: Jun 06, 2024
  • Report Format: PDF, PPT

Aluminum Die Casting Mold Release Agents Market Trends

Growth Drivers

  • Growing demand for aluminum die cast products in the automobile sector - The automotive market is one of the biggest end-user markets for aluminum die cast products and their components. Aluminum die casting mold release agents are used in several important automotive components, such as the engine support, turbocharger body, gearbox, clutch housing, and steering box.

    According to the European Automobile Manufacturer’s Association,
     
  • Integration of advanced dispensing technology for enhancing efficiency and reducing waste - Various technological advancements are introduced in application methods such as robotic spray systems and advanced dispensing techniques which are used to improve overall productivity by reducing waste and increasing efficiency. After applying mold-release agents, the highest accuracy in robotic spray systems can be achieved.

    Additionally, in order to maintain quality, increase the rate of productivity, and reduce the harmful effects on the environment in the manufacturing sector, robotic spray systems and state-of-the-art dispensing technology were used while applying mold release agents to aluminum die castings. These changes provide accuracy and sustainability of the die casting process.

    According to the International Federation of Robotics, the

Challenges

  • Strict regulations for environmental protection - Various solvent-based mold release agents contain volatile hydrocarbons and chlorofluorocarbons due to which the government has laid down strict regulations. These agents release VOC-rich vapours (volatile organic compounds) into nature. The government has introduced several laws which state the use and disposal of these mold-releasing agents. This will hamper the market growth of aluminum die casting mold release agents. 
     
  • Disruption in the supply chain due to improper management - There are various reasons including trade disputes, delays in transportation, and price fluctuations that can have a notable effect on the market growth of aluminum die casting mold release agents.

Aluminum Die Casting Mold Release Agents Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

5.2 %

Base Year Market Size (2023)

USD 352.06 Million

Forecast Year Market Size (2036)

USD 7.23 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Rajrani Baghel


  • Report ID: 6124
  • Published Date: Jun 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of aluminum die casting mold release agents was over USD 352.06 million.

The market size for aluminum die casting mold release agents is projected to cross USD 7.23 billion by the end of 2036 expanding at a CAGR of 5.2% during the forecast period i.e., between 2024-2036.

The major players in the market are Merck KGaA, FUCHS LUBRITECH GmbH, Vesuvius, Chem-Trend L.P., METAL FLOW SA, ACMOS CHEMIE KG, Quaker Chemical Corporation, Lubrochem Srl, The HILL, Henkel AG and Company, and others.

The water-based segment is anticipated to garner a share of 60% during 2024-2036.

The North America aluminum die casting mold release agents sector is poised to hold a 35% share by the end of 2036.
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