Mold release agents refer to those additives which are widely used for prevention of concerned molded object apart from being stuck to the surface of the mold. Mold release agents can be easily cooled and poured directly into mold cavities, also known as external release agents. Moreover, they can even be brought in contact with the polymer, also known as the internal release agent. Mold release agents generally come in a dry form such as lecithin, silicone, stearates or clay. Most of these powders are somewhat hydrophobic in nature and tend to be difficult to disperse. This, in turn, might cause several problems associated with it, especially for the manufacturers of mold release agents. The key applications of mold release agents include rubber, die casting, plastics, concrete, paper, food processing and others. In the global mold release agents market, the die casting end user application segment is accounting for the highest share currently owing to its large scale use in ever increasing construction and automotive industries across the globe. One of the other key aspects fueling the growth of global mold release agents is its increasing use in diverse manufacturing industries around the world.
The rapid growth in the use of mold release agents in some end use industries such as construction, automotive, food processing and manufacturing among others is one of the major elements contributing to the growth of this market. The use of mold release agents is strongly essential in some applications, for instance, die casting. The global automotive sector is considered to be one of the largest end users of die casting products and a rapid growth of automotive industry is directly proportional to the growing demand of mold release agents in this sector.
The global mold release agent market can be segmented on the basis of type, application and region. On the basis of type, the global mold release agents market can be segmented into water based and solvent based. On the basis of application, the global mold release agents market can be segmented into rubber, die casting, plastic, concrete, food processing, paper and others. On the basis of region, the global mold release agents market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific. The healthy demand in APAC is expected to be the key driving factor for the growth of mold release agents market, globally. China is anticipated to account for the largest share and lead the overall demand for mold release agents owing to the increasing industrial production over last few years. The markets in other developing countries such as Brazil, Russia, Poland, Indonesia, New Zealand, Argentina and India are anticipated to grow rapidly throughout the forecast period.
Major players operating in the global mold release agents market are focusing on some key market strategies such as mergers and acquisitions to keep hold in the ever competitive market. Moreover, they are concentrating on collaborating with local players to increase their market reach as well as strengthen their goodwill in the global market. Some of the major players in global mold release agents market include Chem-Trend L. P., Henkel AG & Co. KGaA, Wacker Chemie AG, Croda International Plc, Michelman Inc., Cresset Chemical Company, Daikin Industries and MCGee Industries, Inc. among others.
Market by Type
· Water based
· Solvent based
Market by Application
· Die casting
· Food processing
Market by Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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