Mold Release Agent Market Overview to 2023:
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.
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.
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
Industry Segmentation:
The Global Mold Release Agent Industry 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 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.
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