Market Overview:
Mold Release Agents are used to
control the adhering of molding surface and substrate. Mold Release Agents can
be easily cooled and poured directly into mold cavities, as an external release
agents. Mold Release Agent is formulated especially for mold making and
casting, and works with most liquid rubber and liquid plastic products. Mold
release agents’ major use is to release plastics, rubber, concrete, and
different substrate.
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Some of the prominent factors
that positively influence the growth of Mold Release Agent Market are
increasing rubber production owing to the rising automobile manufacturing
units, rising demand for plastic products in food processing and storing
applications. Additionally, increasing construction activities resulting in the
use of mold release agents to prevent adhesion of concrete to plywood or any
metal surfaces. Increasing urbanization along with rising per capita disposable
income in developed and emerging economies are predicted to drive the growth of
the market over the forecast period, 2017 to 2023. Moreover, continuous
expansion of paper packaging industry as well as shifting manufacturers’ focus
towards green packaging are estimated to fuel the growth of the market during
the review period, 2017 to 2023. However, growing environmental concerns
regarding the toxic effect of chemicals used in mold release agent along with
the implementation of strict regulations are predicted to hinder the market
growth over the assessment period, 2017 to 2023.
Industry Segmentation:
The Global Mold Release Agent
Market is categorized based on type, application, and region. Based on type,
the market is bifurcated into solvent based and water based. Based on
application, the Mold Release Agent Market is categorized into concrete,
rubber, plastics, food processing, paper, and others. On the basis of region,
the market is categorized into Asia Pacific, Europe, Latin America, North
America, and the Middle East & Africa.
Regional Analysis:
Asia Pacific is estimated to be
the largest Mold
Release Agent Market Analysis followed by North America and
Europe due to strong existence of rubber raw materials. In Europe, Germany,
Russia, and Spain are predicted to register a strong growth on account of
tremendous demand for Mold Release Agents in paper packaging manufacturing. In
Asia Pacific, countries such as China, India, and South Korea are the fastest
growing market for Mold Release Agent, and is estimated to grow with the same
pace over the forecast period. Improving living standards along with the
flourishing growth of mold plastics sector is predicted to contribute to the
regional market growth. In North America, the U.S and Mexico are among the
major contributors in the regional market growth due to expansion and
renovation housing projects as well as increasing innovations. In South
America, Mexico is expected to register strong growth due to robust presence of
automobile manufacturers.
Global Key Players:
·
Chem-Trend L.P.
·
Michelman, Inc.
·
Henkel AG & Co. KGaA
·
Wacker Chemie AG
·
Croda International plc
·
Daikin Industries, Ltd.
·
Shin-Etsu Chemical Co., Ltd.
·
Mcgee Industries Inc
·
Cresset Chemical Company
·
Grignard Company, LLC
·
REXCO
·
Marbocote Ltd
·
CHUKYO Europe GmbH
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