The global Mold Release Agents market was valued at USD 1.23 billion in 2016 and is projected to reach USD 2.07 billion by 2025, growing at a CAGR of 11.4% from 2017 to 2025.
Mold Release Agents are material that are used to ease the process of extraction from the mould. Initially, the consumption of these products was high in die casting and plastic manufacturing. However, the increasing application in the food industry is expected to augment market demand for these products.
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1. Market Drivers
1.1 Rapidly growing automotive and construction industry
1.2 Growing usage in end-use applications
2. Market Restraints
2.1 Growing demand for non-sick coatings
2.2 Stricter government regulations
The global Mold Release Agentsmarket is segmented on the product, applicationand region.
1. By Product:
1.1 Water based Mold Release Agents
1.2 Solvent Based Mold Release Agents
2. By Application:
2.3 Die casting
2.6 Food Processing
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Chem-Trend LP
2. Michelman Inc.
3. Mcgee Industries Inc.
4. Cresset Chemical Company
5. Henkel AG & Co. KGAA
6. Wacker Chemie AG
7. Croda International PLC
8. Daikin Industries Ltd.
9. Shin-Etsu Chemical Co. Ltd.
10. Chukyo Europe GmbH
11. Grignard LLC
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Mold Release Agentsmarket was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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