The Global Mold Release Agents Market Size collected USD 2.0 Billion in 2022 and is set to achieve a market size of USD 3.4 Billion in 2032 growing at a CAGR of 5.6% from 2023 to 2032.
Mold Release Agents Market Report Statistics
Mold release agents refer to those additives which are widely used for the prevention of concerned molded objects 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 their increasing use in diverse manufacturing industries around the world.
Global Mold Release Agents Market Dynamics
Mold Release Agents Market Report Coverage
|Market||Mold Release Agents Market|
|Mold Release Agents Market Size 2022||USD 2.0 Billion|
|Mold Release Agents Market Forecast 2032||USD 3.4 Billion|
|Mold Release Agents Market CAGR During 2023 - 2032||5.6%|
|Mold Release Agents Market Analysis Period||2020 - 2032|
|Mold Release Agents Market Base Year||2022|
|Mold Release Agents Market Forecast Data||2023 - 2032|
|Segments Covered||By Product, By Type, By Application, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Chem-Trend L. P., Cresset Chemical Company, Croda International Plc, Daikin Industries, Henkel AG & Co. KGaA, Kao Corporation, LANXESS Group, MCGee Industries, Inc., Michelman Inc., and Wacker Chemie AG.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis|
Mold Release Agents Market Growth Factors
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 the rapid growth of the automotive industry is directly proportional to the growing demand for mold release agents in this sector.
Mold Release Agents Market Segmentation
The worldwide mould release agents market is categorized based on product, type, application, and geography.
Mold Release Agents Market By Product
According to the mold release agents market forecast, the semi-permanent mold release agents have been dominating the market in recent years and will continue to do so in the coming years. These mold release agents have several advantages over others, including greater durability, longer life, and better release properties. Semi-permanent mold release agents are used in a variety of end-use industries, including automotive, aerospace, and construction. They're also used to make composites and other high-performance materials.
Mold Release Agents Market By Type
In recent years, water-based mold release agents have dominated the mold release agent market. Water-based mold release agents have several advantages over solvent-based mold release agents, including lower toxicity, lower environmental impact, and improved worker safety. Water-based mold release agents are also easier to clean and work better with certain materials like plastics and rubbers. However, solvent-based mold release agents continue to have a significant market share, particularly in applications where they are more effective or economical. Solvent-based mold release agents, for example, may be preferred in applications where the required release properties are very specific or where the release agent must be applied in a specific manner.
Mold Release Agents Market By Application
Die-casting, rubber molding, and composite molding also have a significant share of the mould release agents market, according to an industry analysis. These applications are also widely used in a variety of industries, and mold release agents are critical to ensuring efficient and high-quality manufacturing processes. However, plastic molding is one of the applications that is expected to grow at a rapid pace during the forecasted timeframe. This is due to the widespread use of plastic molding in industries such as automotive, packaging, construction, and others. Mold release agents are required in plastic molding to ensure that the molded products are easily and without mold damage. Mold release agents also aid in improving the surface finish of molded products and reducing deposit buildup on the mold surface.
Mold Release Agents Market Regional Outlook
The Middle East & Africa
Mould Release Agents Market Regional Analysis
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 the 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 the 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.
Mold Release Agents Market Players
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 global mold release agents companies profiled in the report include Chem-Trend L. P., Cresset Chemical Company, Croda International Plc, Daikin Industries, Henkel AG & Co. KGaA, Kao Corporation, LANXESS Group, MCGee Industries, Inc., Michelman Inc., and Wacker Chemie AG.
The market size of mold release agents was USD 2.0 Billion in 2022.
The CAGR of mold release agents market is 5.6% during the analysis period of 2023 to 2032.
The key players operating in the global market are include Chem-Trend L. P., Cresset Chemical Company, Croda International Plc, Daikin Industries, Henkel AG & Co. KGaA, Kao Corporation, LANXESS Group, MCGee Industries, Inc., Michelman Inc., and Wacker Chemie AG.
Asia-Pacific held the dominating position in mold release agents market during the analysis period of 2023 to 2032.
North America region exhibited fastest growing CAGR for mold release agents market during the analysis period of 2023 to 2032.
The current trends and dynamics in the mold release agents industry include growing demand from various industries, increasing use of composites, rising demand for high-quality products.
The water-based type held the maximum share of the mold release agents market.