DUBLIN--(BUSINESS WIRE)--The "Mold Release Agents Market by Product Type (Water-Based, Solvent-Based), Application (Die-Casting, Rubber Molding, Plastic Molding, PU Molding, Concrete, Wood Composite & Panel Pressing, Composite Molding), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global market size of mold release agents was USD 1,741.6 million in 2018 and is projected to reach USD 2,462.8 million by 2024, at a CAGR of 6%, between 2019 and 2024.
The key players profiled in the report include Henkel AG & Co (Germany), Chem-Trend (US), LANXESS Group (Germany), Shin-Etsu Chemical Co. (Japan), Croda International (UK), Daikin Industries (Japan), McGee Industries (US), Michelman (US), Miller-Stephenson (US), Marbocote Limited (UK), TAG Chemicals (Germany), and LORD Corporation (US).
Increasing product use of mold release agents in various applications is expected to drive the mold release agents market
It is largely driven by the increasing use of mold release agents in various applications such as die-casting, PU molding, composite molding, concrete, rubber molding, and wood composite & panel pressing. Mold release agents enhance productivity, extend the life of die or mold, improve the surface quality, and reduce scrap and defect rates of molded products, thereby adding value to molded products.
Water-Based mold release agents are expected to be the fastest-growing product type segment of the mold release agents market, in terms of value, between 2019 and 2024
The water-based mold release agents segment is expected to witness the highest growth in terms of value during the forecast period. The growing concern towards the use of environmentally friendly products properties to release materials from the mold easily has driven its growth. In addition, lack of VOC and their non-flammable nature are important driving factors.
Composite molding application segment is estimated to witness the highest growth rate, between 2019 and 2024
The composite molding application segment is estimated to witness the highest growth rate, in terms of value, between 2019 and 2024. This is owing to the increasing demand for composites in aerospace, windmill blades, appliances, and marine due to the low weight.
Rising demand from die-casting, rubber molding, plastic molding, and concrete manufacturing is likely to drive the demand for mold release agents in APAC
The APAC mold release agents market is estimated to witness significant growth during the forecast period. The growing production of composites, plastics, concrete, PU, and die-casting in China and increasing urbanization and industrialization are driving the mold release agents market in the region. In addition, the presence of major manufacturers such as Shin-Etsu Chemical Co. (Japan), Daikin Industries (Japan), and TAG Chemicals (India) has positively influenced the demand trend for mold release agents in the region.
- Rapidly Growing Automotive & Construction Industries
- Increasing Demand from Various Applications
- Stringent Regulations Regarding the Use of Solvent-Based Mold Release Agents
- Rising Use of Non-Stick Coatings on Molds
- Infrastructure Development in Emerging Economies
- Fluctuating Raw Material Prices
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Mold Release Agents Market, By Product Type
7 Mold Release Agents Market, By Application
8 Mold Release Agents Market, By Region
9 Competitive Landscape
10 Company Profiles
- Abrasive Supply Company, Inc.
- AGC Seimi Chemical Co. Ltd.
- Ampacet Corporation
- BCC Products Inc.
- Chem-Trend L.P.
- ChUKyo Group
- Cresset Chemical Company
- Croda International PLC
- Daikin Industries Ltd.
- Dow Inc.
- Henkel Ag & Co. KGaA
- Illinois Tool Works Inc.
- Jet-Lube LLC
- Kao Group
- LANXESS Group
- LORD Corporation
- Marbocote Limited
- McGee Industries Inc.
- Michelman Inc.
- Miller-Stephenson Inc.
- Moresco Corporation
- Peri Group
- Shin-Etsu Chemical Co. Ltd.
- Sika Group
- Smooth-On Inc.
- Spick N Clean Pty. Ltd.
- Sumico Lubricant Co. Ltd.
- TAG Chemicals GmbH
- Teknik Kimya Donatim Makine Enerji San. Ve Tic. A..
- Unimatec Co. Ltd.
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