The Growing use of mold release agents in various applications is expected to drive the global mold release agents market
The global Mold Release Agent market size is projected to reach USD 5,085.94 million by 2028. The rising demand for mold release agents in die casting applications in the automotive & construction industries is expected to be the key factor driving the global mold release agents market. It permits free flow and dispersion of the filled polymers and improves the surface finish while reducing porosity. Moreover, complex dyes need more release agents for even cooling and enhanced release of parts in casting and sculpting applications. Furthermore, the use of mold release agents considerably decreases operational price and time and further upsurges the output by several times, which further augments the target industry growth. Also, mold release agents offer a cleaner finish, and the mold life can also be better with the use of this product. Additionally, rising infrastructural development in the developed countries of Asia-Pacific is expected to generate lucrative opportunities for the key players in the construction and plastic industries. However, strict rules and laws related to the use of solvent-based mold release agents may hamper the global market over the forecast periods.
The global mold release agent market is segmented water-based and solvent-based. Based on the application, the market is segmented into die-casting, rubber molding, plastic molding, PU molding, concrete, wood composite & panel pressing, and composite molding. The water-based mold release agent product type is projected to lead the mold release agents market in terms of revenue. The rising awareness about the use of environmentally friendly products has augmented, and this leads to its growing demand. Also, water-based mold release agents are non-flammable, which is further raising its demand.
The global mold release agent market has strong competition among the well-established and new emerging players. These key players aim to attain a competitive advantage over the other players by joining in mergers, partnerships, and acquisitions and escalating their businesses.
The global mold release agent market finds its scope in North America, Europe, APAC, South America, and the Middle East & Africa. The Asia Pacific is anticipated to attain the largest market share in the global mold release agents in the given timeframe, in terms of revenue. The presence of leading key players operating in the market, such as Shin-Etsu Chemical Co., Ltd. (Japan), TAG Chemical India Pvt. Ltd. (India), and Daikin Industries Ltd. (Japan), has a positive impact on the market. Moreover, growth in die-casting, rubber molding, PU molding, composite molding, wood composite & panel pressing, plastic molding, and concrete applications in the region is growing the demand for mold release agents.
The major players of the global mold release agent market are LORD Corporation, Chem-Trend L.P., Shin-Etsu Chemical Co., Ltd. (Japan), McGee Industries, Inc., Miller-Stephenson, Inc., Daikin Industries Ltd., Croda International Plc, LANXESS Group, Henkel AG & Co. KGaA, Michelman, Inc., Marbocote Limited, and TAG Chemicals GmbH.
Key Segments of the Global Mold Release Agent Market
Product Type Overview, 2018-2028 (USD Million)
Application Overview, 2018-2028 (USD Million)
- Rubber Molding
- Plastic Molding
- PU Molding
- Wood Composite & Panel Pressing
- Composite Molding
Regional Overview, 2018-2028 (USD Billion)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of the Middle East and Africa
- South America
- Rest of South America