Mold Release Agents Market Growth Analysis

Market Insights

The Mold Release Agents Market was estimated at US$ 2.48 billion in 2022 and is expected to grow at a healthy CAGR of 5.6% during 2023-2028 to reach US$ 3.45 billion in 2028.

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What are Mold Release Agents?

Mold-release agents are substances used to prevent materials from sticking to molds during the manufacturing process. They are applied to the surface of the mold to create a barrier between the mold and the material being molded, such as plastics, rubber, or composites. Mold release agents facilitate easy and efficient demolding by reducing friction and adhesion between the mold and the molded part. They help prevent damage to the molded part and maintain the integrity of the mold. Mold release agents can be in the form of sprays, liquids, or semi-solid materials, and they play a crucial role in various industries, including automotive, aerospace, and manufacturing.

Market Dynamics

The market for mold release agents is influenced by various factors that shape its dynamics. Here are some key aspects driving this market:

• Surging Demand: The market for mold release agents is experiencing a robust expansion fueled by escalating industrial production and manufacturing activities across diverse sectors.

• Technological Breakthroughs: Continuous advancements in formulating and developing mold release agents are resulting in remarkable enhancements in performance, efficiency, and environmental sustainability, driving the market forward.

• Industry-Specific Applications: Mold release agents find wide-ranging applications in various industries, including automotive, aerospace, plastics, and rubber, igniting substantial demand and propelling market growth.

• Stringent Regulatory Landscape: Regulatory compliance concerning the environmental impact and worker safety significantly influences the market dynamics, compelling the development of eco-friendly formulations with low Volatile Organic Compounds (VOC) levels.

• Intense Competition: The market thrives in a highly competitive environment, with numerous prominent players offering a diverse range of mold release agent products. This fierce competition fosters price rivalry and fuels innovation within the industry.

Segments Analysis

By Type

The mold release agents market is segmented based on 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 during the forecast period. 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-based mold release agents have continuously been losing their 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 currently accounting for nearly one-fourth of the market. The application type is also likely to remain the market’s largest segment during the forecast period, driven by a higher usage of die casting in the automotive industry. 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. The rising population coupled with increasing disposable income, especially in emerging economies, such as China and India, is spurring the growth of mold release agents in the above-mentioned segments.  

Regional Analysis

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 increased usage of mold release agents is primarily driving the region’s mold release agents market. The market entry of local/regional players and the 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.

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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
• Momentive Performance Materials.

New product development, capacity expansion, and regional expansion are some of the major strategies adopted by key players to gain market share.

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 Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Option

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Company Profiling

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

Competitive Benchmarking

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

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