Aluminum Die casting Mold Release Agents Market by Type (Water-Based and Solvent-Based)
Industry: Chemicals and Materials
Published Date: March-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 262
Report ID: PMRREP26110
According to research conducted by Persistence Market Research, the Global Aluminum Die Casting Mold Release Agents Market is estimated to top a valuation of US$ 301.3 Million in 2023. The industry is expected to experience a steady growth rate of 4.8% to reach a value of US$ 481.6 Million at the end of the forecast period.
|
Market Valuation (2022A) |
US$ 287.5 Million |
|
Market Estimation (2023E) |
US$ 301.3 Million |
|
Market Projections (2033F) |
US$ 481.6 Million |
|
Value CAGR (2023 to 2033) |
4.8% |
|
Collective Value Share: Top 3 Countries (2023E) |
44.2% |
Mold release agents are film-forming liquids, solid or wax lubricants, or other fluids that prevent materials from sticking to a surface that is underlying. These agents are used to, improve overall surface quality, extend the life of the product, provide lubricity, and simultaneously minimize the scrap and defect rate of molded products. Mold release agents are used for various products such as rubber molding, PU molding, composite molding, die casting, and others.
Aluminum die casting mold release agents are used in numerous end-use industries that use die cast aluminum products for several applications. A key focus is being put on automotive components in order to reduce the overall weight of vehicles. Aluminum die casting finds numerous applications in industrial equipment manufacturing. The automotive industry is estimated to be one the key end user of aluminum die casted products across the globe.
The global aluminum die casting mold release agents market witnessed a compound annual growth rate of 3.1% from 2018 to 2022. Aluminum Die Casting Mold Release Agents exhibit properties such as good spread, low nozzle clogging, and mold polluting, which ensures superb surface quality for aluminum die casting. Increased demand for solvent-based aluminum die casting mold release agents, owing to their several benefits is one of the prominent factors that bolstered product market over the past few years.
Solvent-based mold release agents are fast drying, have superior wetting characteristics and release performance, and are ideal for low/ambient temperatures and humid climates. They are also non-oily, non-dusting, and have excellent material flow in the mold. Solvent-based mold release agents also do not get a freeze during transportation or storage. These several benefits associated with solvent-based mold release agents have significantly driven the overall growth of global aluminum die casting mold release agents market over the historical period.
The global aluminum die casting mold release agents industry is projected to witness a growth rate of 4.8% during the forecast period. Robust growth of the automotive and construction industries, rising production and consumption of aluminum products, and increasing demand for aluminum die casting among several end-use industries are a few prominent factors that bolstered the product market across the globe.
Thriving demand from several end-use industries creates ample space for Aluminum Die casting Mold Release Agents
The automotive industry is a significant and significant end user of aluminum die casted components and products. There are several critical parts of a vehicle that use aluminum die casting mold release agents, including the clutch housing, gearbox, steering box, engine support, turbocharger body, and others. Manufacturing of automotive aluminium die-casting parts is a sub-sector with significant growth potential.
Increasing demand for aluminum die casting in automotive industry, owing to its several advantages is anticipated to drive the growth of the product market. The global automotive industry significantly investing in the research and development to develop lightweight automotive vehicles. The industry is witnessing a surge in the demand of lightweight materials to reduce the overall weight of vehicles to improve vehicle fuel efficiency. Several leading automotive manufacturers are replacing replacing steel components with aluminum, which is expected to boost the global aluminum die casting mold release agents market during the forecast period.
Stringent regulations may constraint the market growth for aluminum die casting mold release agents.
Solvent-based mould release agents are associated to several government stringent regulations, owing to the presence of chlorofluorocarbon (CFC) and other volatile hydrocarbons in these mould release agents. These chlorofluorocarbon (CFC) and volatile hydrocarbons emit VOC-rich fumes (volatile organic compounds). There are several regulations are imposed by governments in North America and Europe for the handling and disposal of these mold release agents.
Mold release agents containing more than 25% diesel or home heating oils are prohibited under EPA (Environmental Protection Agency) clean air and clean water regulations. The Department of Transportation (DOT) also prohibited the utlization of highly combustible and high volatile organic compounds (VOC) containing release agents.
The significant slowdown in the global economy,owing to various macroeconomic and geographical factors is also anticipated to hamper the growth of the global aluminum die casting mold release agents market during the forecast period.
What Is the Growth Outlook of the Aluminum Die casting Mold Release Agents Market in the U.S.?
The United States aluminum die casting mold release agents industry is exhibiting robust spike in growth with a value CAGR of 4.9% during the forecast period. The country is estimated to hold around 18.6% share of the global market in 2023. The country is projected to create an absolute dollar opportunity of USD 35.0 Million at the end of the forecast period. Increasing production and demand for aluminum and aluminum related products among several end use industries has bolstered the demand for aluminum die casting mold release agents in the country.
What is the market scenario of Aluminum Die casting Mold Release Agents in the Chinese market?
China is anticipated to account for a sizeable portion of the global Aluminum Die casting Mold Release Agents market in terms of volume and value due to the increasing demand from end use industries such as automotive, electrical and electronics, and other industrial industries. The country is estimated to hold around 18.4% share of the global market in 2023 and is estimated to reach a value of USD 92.3 Million at the end of 2033.
Robust population growth and rising urbanization have led to an increase demand for residential and commercial buildings in the country. Significant growth of building and construction industry along with the increasing production and sales of automotive vehicles is expected to bolstetr the demand for aluminum die casting mold release agents market during the forecast period.
What is the demand outlook for water-based aluminum die casting release agents?
Water-based segment is estimated to dominate the global aluminum die casting mold release agents market in 2023 and is estimated to continue this trend during the forecast period. The segment is projected to witness a growth rate of 4.9% to reach a value of USD 370.3 Million at the end of 2033.
Water based mold release agents are used in large scale for aluminum die casting owing to its various significant properties. Water based mold release agents dry slower than solvent based mold release agents but, it is safe in order to prevent from health and safety concerns. Water based mold release agents are less expensive to transport due to its non-flammable nature and also satisfies most plant safety goals.
How does the automotive components segment fairing in the aluminum die casting mold release agents market?
The automotive component segment is estimated to lead the global aluminum die casting mold release agents market in 2023 and is estimated to witness a steady growth rate of 5.0% during the forecast period. The segment is estimated to hold a significant share of 81.2% in the global aluminum die casting mold release market at the end of 2033.
Robust growth of automotive industry among various developing and developed countries, such as India, Indonesia, Malaysia, China, the U.S., and others is estimated to accelerate the product market during the forecast period.
The industrial equipment segment is projected to witness a significant CAGR during the forecast period. Significant growth of industrial sector various Asia Pacific countries, such as China, India, and Indonesia is one of the key prominent factors bolstering the demand for aluminum die casting mold release agents in the segment.
The global market for aluminum die casting mold release agents market is a moderately fragmented space, with several number of global as well as medium- and small-scale players are operating in the market. Owing to the presence of a number of regional and domestic players, the market is intensely competitive. Mold release agents manufacturers are focusing on strong profitability from the existing product portfolio with comprehensive cost reductions.
Few of the key players who have a noteworthy aluminum die casting mold release agents market share are Henkel AG and Company, KGaA, FUCHS LUBRITECH GmbH, Vesuvius, Chem Trend L.P, METAL FLOW SA, ACMOS CHEMIE KG, Quaker Chemical Corporation, Lubrochem Srl, The HILL and GRIFFITH Company, and others.
|
Attribute |
Details |
|
Forecast Period |
2023 to 2033 |
|
Historical Data Available for |
2018 to 2022 |
|
Market Analysis |
|
|
Key Countries Covered |
|
|
Key Segments Covered |
|
|
Key Companies Profiled |
|
|
Report Coverage |
|
|
Customization and Pricing |
Available Upon Request |
By Type, the market is segmented as:
By Application, the market is segmented as:
By Region:
To know more about delivery timeline for this report Contact Sales
The global market of Aluminum Die casting Mold Release Agents is estimated to reach a valuation of US$ 301.3 Million in 2023.
The Aluminum Die casting Mold Release Agents demand is anticipated to witness a growth rate of 4.8% over the forecast period of 2023 and 2033 in terms of value.
According to PMR analysis, Henkel AG and Company, KGaA, FUCHS LUBRITECH GmbH, Vesuvius, Chem Trend L.P, METAL FLOW SA, ACMOS CHEMIE KG, Quaker Chemical Corporation, Lubrochem Srl, The HILL and GRIFFITH Company., Lubgraf Synoils Pvt. Ltd., Daikin Industries, Thermal-Lube Inc, Deaho Industries Ltd., Miller-Stephenson, Inc., Ultraseal India Pvt. Ltd. Baraldi S.r.l., Genesee Polymers Corporation, JandS Chemical, General Chemical Corp, Saish Metaflow, Marbo Italia SpA, Maax Lubrication Pvt Ltd, OxoChem Kimya San. ve Dis Tic. Ltd. ?ti, SMIT SARI METAL TREAT CO., LTD, Wellco Silicone and RnD Co, Nutech Company, LLC, WEICON GmbH and Co. KG, Fusoni, NEOS COMPANY LIMITED, Buehler Ltd. Michelman, Inc, Qualiserv (Group), and HANANO Co., Ltd, among others are identified as the key manufacturers in the Aluminum Die casting Mold Release Agents market.
The top countries driving the global Aluminum Die casting Mold Release Agents demand are the U.S., China, and India.
