Mold Release Agents Market to experience an impressive growth of 5.7% during 2018-2023
February 04, 2020
Mold Release Agents Market offers healthy growth opportunities for the entire ecosystem of the market. The global mold release agents market is projected to grow at a healthy CAGR of 5.7% during the forecast period. Organic growth of end-use industries, such as automobile production and rapid increase in construction activities; advancements in the molding release agents’ technologies; introduction of stringent regulations regarding safety and VOC emissions, and increasing usage of mold release agents in a wide array of applications are the major factors that are proliferating the growth of mold release agents
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Mold Release Agents Market Segment Insights:
By Type:
The mold release agents market is segmented on the basis of the type as Water-based, Solvent-based, and Others. The water-based mold release agents segment currently dominates the market and is expected to maintain its dominance in the foreseen future. Water-based mold release agents find a wide array of applications in die casting and they also restrict the adhesion of molding surfaces to substrates. Furthermore, these release agents offer the benefits of environmental-friendliness and low VOC emissions. Solvent-base mold release agents have continuous been losing the share to water-based ones, owing to the growing stringent regulations during the forecast period.
By Application Type:
Based on the application type, the mold release agents market is segmented into Die Casting, Rubber, Concrete, Plastic, Food Processing, Paper, and Others. Die casting dominates the market with currently accounting for nearly one-fourth of the market. The application type is also likely to remain the largest segment of the market during the forecast period, driven by a higher usage of die casting in the automotive industry. An organic growth of vehicles in the coming years is likely to drive the demand for mold release agents for this segment in the coming years.
The food processing and rubber segments are likely to depict the highest growth in the coming years. Rising population coupled with increasing disposable income, especially in the emerging economies, such as China and India, is spurring the growth of mold release agents in above-mentioned segments.
By Region:
Based on the regions, Asia-Pacific is expected to remain the largest market for mold release agents during the forecast period. China and India are likely to remain the growth engines of the regional demand for mold release agents in the coming years. Organic growth of end-use industries coupled with an increased usage of mold release agents is primarily driving the region’s mold release agents market. The market entry of local/regional players and capacity expansion of existing players are strengthening the supply chain of the region’s market.
North America and Europe, the other two major markets, are also likely to generate sizeable growth opportunities in the coming five years. The USA is the growth engine of the North American market, whereas Germany, France, Spain, and the UK are acting as the growth engines of the European market, driven by the presence of many automobile manufacturing plants.
Key Players:
Some of the key mold release agent suppliers are Chem-Trend L. P., Wacker Chemie AG, Daikin Industries Ltd., Dow Corning, Henkel AG & Co.KGAA, and Momentive Performance Materials. New product development, capacity expansion, and regional expansion are some of the major strategies adopted by key players in order to gain the market share.
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Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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