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  • Release Coatings Market Growth Analysis | 2022-2028

    Release Coatings Market Growth Analysis | 2022-2028

    Release Coatings Market Growth Analysis | 2022-2028
    Report code - SRAM142 Delivery - 2 Weeks
    Release Coatings Market Size, Share, Trend, Forecast, & Growth Analysis- 2022-202 See more...

    Market Insights

    The release coatings market was estimated at USD 172.48 million in 2021 and is likely to grow at a CAGR of 7.32% during 2022-2028 to reach USD 283.89 million in 2028.

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    The growth of the release coatings market is primarily driven by-

    • Increasing penetration of silicone labels in the packaging industry,
    • Introduction of more stringent standards related to environment and safety,
    • Organic growth of the end-use industries, such as transportation, aerospace & defense, and food & bakery.

    Release Coatings Market Highlights

    Market Size in 2021

    USD 172.48 million

    Market Size in 2028

    USD 283.89 million

    Market Growth (2022-2028)

    7.32% CAGR

    Base Year of Study

    2021

    Trend Period

    2017-2020

    Forecast Period

    2022-2028

    Segments Covered

    By Coating Type (Silicone and Non-Silicone), 

    By Formulation Type (Solvent-based, Water-based, Emulsions, and Others), 

    By Application Type (Labels, Graphical, Film & Tapes, Hygiene, and Others), 

    By End-Use Industry (Transportation, Aerospace & Defense, Medical, Food & Bakery, Packaging, Pulp & Paper, and Others),

    By Region (North America, Europe, Asia-Pacific, and the Rest of the World)

    Segments' Analysis

    By Coating Type

    The release coatings market is segmented based on coating type as silicone and non-silicone. Silicone is projected to remain the largest segment in the release coatings market during the forecast period. It is also projected to grow at a faster rate during the forecast period. Silicone-release coatings are relatively inexpensive and offer better resistance to chemicals, abrasion, and moisture. It is gaining traction in many applications, such as barcode labels, diaper tabs, packaging tapes, and postage stamps.

    By Formulation Type

    The market is further segmented based on formulation type as solvent-based, water-based, emulsions, and others. The solvent is the most commonly used formulation type in release coatings; however, there would be a continuous shift from solvent-based to water-based, driven by safety, health, and environmental regulations. The usage of different release coating formations varies from region to region. For instance, water-based release coatings dominate North America and Europe, whereas solvent-based dominate Asia-Pacific.

    By Application Type

    The market is also segmented based on application type as labels, graphical, film & tapes, hygiene, and others. The label is projected to remain the most dominant application type in the global release coatings market during the forecast period, driven by the increasing use of self-adhesive labels in packaging applications. The label segment is also the fastest-growing application type in the release coatings market, driven by an increasing preference in the fast-moving consumer goods and packaging industries.

    By End-Use Industry Type

    The market is segmented based on end-use industry type as transportation, aerospace & defense, medical, food & bakery, packaging, pulp & paper, and others. Packaging is expected to remain the largest end-use industry for release coatings during the forecast period, whereas medical is expected to witness the fastest growth in the same period. The high use of release coatings in healthcare products and the increasing use of release coatings in surgical and analytical instruments will drive the demand for it in the medical industry.

    Regional Insights

    Asia-Pacific is expected to remain the largest market during the forecast period. It alone occupied more than 50% of the release coatings market in 2021. The region is also expected to witness the highest growth over the next five years. China, Japan, Korea, India, and Taiwan are acting as the growth engines of the Asia-Pacific release coatings market. There would be a good shift from solvent-based to water-based release coatings in the Asia-Pacific region in the same period.

    Release-Coatings-Market-Regional-Insights

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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market. 

    The market is segmented in the following ways-

    By Coating Type

    • Silicone
    • Non-Silicone

    By Formulation Type

    • Solvent-based
    • Water-based
    • Emulsions
    • Others

    By Application Type

    • Labels
    • Graphical
    • Film & Tapes
    • Hygiene
    • Others

    By End-Use Industry Type

    • Transportation
    • Aerospace & Defense
    • Medical
    • Food & Bakery
    • Pulp & Paper
    • Packaging
    • Others

    By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
    • Rest of the world (Country Analysis: Brazil, Argentina, and Others)

    Release-Coatings-Market-Segmentation

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    Key Players

    Some of the major players in the market are-

    • Dow Corning Corporation
    • Momentive Performance Materials
    • Evonik Industries AG
    • Mayzo Inc
    • OMNOVA Solutions Inc.
    • Shin-Etsu Chemicals Co. Ltd.
    • Wacker Chemie AG.

    High investment in R&D activities to develop new products meeting unmet market needs, a wide geographical network, and collaboration with customers are some of the key strategies adopted by major companies to gain a competitive edge over others.

    Report Features

    This report, from Stratview Research, studies the release coatings market over the period 2022 to 2028. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities in the market.

    The following are the key features of the report-

    • 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.

    Report Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    We leverage a multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentations, white papers, and articles to gather the data.

    More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3)
    • SWOT analysis of key players (up to 3)

    Market Segmentation

    • Current market segmentation of any one of the application type by coating type 

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The release coatings market was estimated at USD 172.48 million in 2021.

    The release coatings market is likely to reach USD 283.89 million in 2028.

    The release coatings market is expected to witness an impressive growth of 7.32% CAGR during 2022 to 2028.

    Dow Corning Corporation, Momentive Performance Materials, Evonik Industries AG, Mayzo Inc, OMNOVA Solutions Inc., Shin-Etsu Chemicals Co. Ltd., and Wacker Chemie AG are among the key players in the market.

    Asia-Pacific is expected to remain the largest market.

    Silicone is expected to remain the largest segment in the market.

    The label is expected to remain the dominant application in the market.

    Packaging is expected to remain the largest end-use industry in the market.

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