Industry Background:
Increasing use of mold release agents in various applications such as die-casting, rubber molding, PU molding, plastic molding, composite molding, and concrete is expected to drive the mold release agents market. Mold release coatings have a significant application in the construction sector. These coatings are used in concrete molds to reduce adhesion of freshly placed concrete to minimize the number of damaged blocks and waste less concrete, providing improved efficiency and lowered production costs. Growing investment in infrastructure and construction industry, in emerging economies, has a huge demand for precast concrete blocks and is expected to rise further in the near future, this, in turn, is anticipated to propel the mold release coatings demand as well.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | LORD Corporation (United States), Chem-Trend L.P. (United States), Shin-Etsu Chemical Co., Ltd. (Japan), McGee Industries, Inc. (United States), Miller-Stephenson, Inc. (United States), Daikin Industries Ltd. (Japan), Croda International Plc (United Kingdom), LANXESS Group (Germany), Henkel AG & Co. KGaA (Germany) and Michelman, Inc. (United States) |
According to AMA, the market for Mold Release Coating is expected to register a CAGR of 6.0% during the forecast period to 2027. This growth is primarily driven by Rapidly Growing Automotive and Construction Industries.
Globally, a noticeable market trend is evident Building and Construction to Dominate the Market
. The Chemicals sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as LORD Corporation (United States), Chem-Trend L.P. (United States), Shin-Etsu Chemical Co., Ltd. (Japan), McGee Industries, Inc. (United States), Miller-Stephenson, Inc. (United States), Daikin Industries Ltd. (Japan), Croda International Plc (United Kingdom), LANXESS Group (Germany), Henkel AG & Co. KGaA (Germany) and Michelman, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In September 2021- Polytek Development Corp. a manufacturer of specialty polymers for coating, mold making, and casting applications, announced the acquisition of Specialty Resin & Chemical. Polytek is a company of Arsenal Capital Partners.
In June 2021- Nanoplas launches the new Dri-Kote mold release spray the spray is made up of an innovative formula designed to reduce the downtime of applying for mold release. Its quick-drying formula bonds to the surface of the metal and last longer in the mold than traditional mold release.
Market Drivers
- Rapidly Growing Automotive and Construction Industries
Market Trend
- Building and Construction to Dominate the Market
- Increasing Demand From Various Applications
Restraints
- Stringent Regulations Regarding the Use of Solvent-Based Mold Release Agents
- Rising Use of Non-Stick Coatings on Molds
Opportunities
Infrastructure Development in Emerging Economies and Low VOC mold release coatings
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Mold Release Coating Study Sheds Light on
The Mold Release Coating Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Mold Release Coating industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Mold Release Coating industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.