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Future Market Insights projects that the automotive die-casting lubricants industry size will reach USD 129.18 million by 2023 and USD 256 million by 2033, expanding at a CAGR of 7%. A growing urban population, coupled with rising automobile sales, will drive demand for automotive die-casting lubricants. Additionally, renewable energy technologies and measures to conserve energy are expected to enhance automobile die-casting lubricant sales.
Automotive parts have long been manufactured using die casting. Weight reduction has been achieved by casting engine blocks, transmission cases, and shock towers using this process. Diecast components are becoming larger and more complex, allowing heavier vehicles to be built from larger and more complex components. GRAPHACE lubricants are used in die casting to separate heated metal from molds. Die-casting machines use this material when producing magnesium and aluminum automotive parts. This enhances efficiency and environmental protection.
A common choice for industries that rely on metalworking is die casting. As a result of its versatility, reliability, accuracy, and repeatability, it is widely used. Automotive die-cast parts evolve to become larger and more complex over time, requiring new technologies and equipment for die lubrication. As nations around the world plan to reduce emissions, the automotive industry is being pressed to adopt more sustainable, greener transportation solutions. Engineers are specifically considering how to improve die-casting productivity and quality for large, complex parts. Furthermore, in addition to reducing production costs, manufacturers aim to reduce their die-casting process’ environmental footprint on the environment.
Production lines are becoming increasingly smart and efficient as physical and digital processes intertwine. The rapid development of lighter materials, on the other hand, is forcing manufacturers to contribute to overall production efficiency by making lighter products. It has recently been announced that Tesla, a California-based electric vehicle manufacturer, is switching to die-casting underbody structures instead of a multi-piece welded/stamped assembly. An automobile industry revolution could be ushered in by the world’s largest die-casting machine capable of manufacturing one-piece castings of this size.
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