The report “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 2027″, Mold release agents market size is projected to reach USD 2.6 billion by 2027 from USD 2.0 billion in 2022 growing at a CAGR of 5.7%.
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• 248 Market data Tables
• 62 Figures
• 241 Pages and in-depth TOC on “Mold Release Agents Market – Global Forecast to 2027”
Some of the prominent key players are:
- Freudenberg Group (Germany)
- Henkel AG & Co. KGaA (Germany)
- Croda International Plc (UK)
- LANXESS AG (Germany)
- Shin-Etsu Chemical Co. Ltd. (Japan)
- Daikin Industries, Ltd. (Japan)
Opportunity: Infrastructure development in emerging economies
The emerging economies are seeking foreign investments along with increasing trade relationships. According to the OECD, China’s trade flow with South America has increased up to 22 times since 2000. China is the biggest trading partner of Brazil, Argentina, Peru, and Chile, investing in everything ranging from energy to aircraft and infrastructure. Agreements have been signed between India and China for the development in sectors such as railways, renewable energy, and industrial parks. Many Southeast Asian countries, including Thailand and Myanmar, have invested in the domestic infrastructural development, in their own countries. These factors are expected to drive the demand for materials which are used in construction and aerospace, which, in turn, will create an opportunity for manufacturers in mold release agent’s market.
Solvent-based mold release agents is the second-largest mold release agents material of mold release agents market.
Solvent-based mold release agents are diluted in an appropriate amount of petroleum solvent and then applied to the mold surface with the help of spray, brush, or a cloth. Solvent-based mold release agents have simpler technology and therefore are easy to manufacture and apply. They have a higher evaporation rate when compared to water-based mold release agents and thus facilitate film formation and get adjusted on the mold very easily. They can be used for molding of rubber, silicone, plastic, metal casting, composite parts, and others.
South America is projected to be the second fastest growing market for mold release agents during the forecast period
The mold release agents market in South America includes Brazil, Argentina, and Rest of South American countries. South America is an emerging market, as its economy is growing rapidly. The region offers significant growth opportunities for the mold release agents’ manufacturers due to the favorable demographic trends including low cost of production, rising income of the middle class, and growth in the construction industry. The continuous investments in the construction, transportation, and automotive industries have led to economic growth in South America. The growing demand from rubber and PU molded products is also expected to drive the market for mold release agents in South America.
