Mold Release Coating Market Scope
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 |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | Asia Pacific |
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) |
CAGR | 6.0% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Mold Release Coating market throughout the predicted period.
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) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Marbocote Limited (United Kingdom) and TAG Chemicals GmbH (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Mold Release Coating market by Type and Region with country level break-up.
On the basis of geography, the market of Mold Release Coating has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
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.
Influencing Trend:
Building and Construction to Dominate the Market and Increasing Demand From Various Applications
Market Growth Drivers:
Rapidly Growing Automotive and Construction Industries
Challenges:
Fluctuating Raw Material Prices
Restraints:
Stringent Regulations Regarding the Use of Solvent-Based Mold Release Agents and Rising Use of Non-Stick Coatings on Molds
Opportunities:
Infrastructure Development in Emerging Economies and Low VOC mold release coatings
Key Target Audience
Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others