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Release Agent Market Top Key Industry Players: DuPont, Mallet, Dow Corning, Masterol Foods, Munzing Chemie and Lecico
Global Market Insights, Inc.
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Changing lifestyle among consumers now are shifting to bakery food over packaged food. Pizza, gourmet, donuts and specialty breads are fastest consumed product in this category which in turn has raised the demand for release agent in food and baking industry. Former non-food applications of product market were plastic & tire molds, pharmaceutical, paper and rubber industry. Earlier, baking industries were facing difficulties in baking products but using these products have revolutionized the outlook of release agent market.
Hectic schedule, lack of time management and health conscious people are persuading process food coupled with safety and easy storage. Processed meals including dried, fried, cooked, frozen and canned food need some release agent to avoid the direct bonding between two surfaces. Easy application by spraying on this materials will further enhance the release agent market.
Release agent is used to control bonding of materials to surfaces. It can deliver a solution in processes including die-cast, mold, adhesive, plastic, and tire & web release. They are moist and sticky covered with Teflon coatings which makes it easier in releasing bakery products like rolls, cakes and breads. Raw materials used for making these products are getting costlier which may hamper the industry growth. Also, growing awareness in consumers regarding baked over packaged food and meat food will reinforce the market.
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Asia-Pacific is expected to be the fastest growing release agent market over the forecasted years. Emerging economies with growing population including China and India, will support the market growth owing to high consumption of processed and packaged food in the region. Low land and labour cost will attract many food processing units in turn creating huge opportunities for the product market. Also, improving economic conditions and high disposable income in middle class population will strengthen the market growth during the forecasted period.
Global release agent market is moderately fragmented in nature with presence of various local and international manufacturers including AAK, Bunge, Avatar, Par-Way Tryson, Archer Daniels Midland and Associated British Foods. Other leading companies across the globe are DuPont, Mallet, Dow Corning, Masterol Foods, Munzing Chemie and Lecico.
New product launches and mergers & acquisitions are key strategies adopted by these companies. In March 2017, Chem-Trend acquired Rubio Trading & Consulting a Romanian based company which will help them provide greater service to their local and international customers expanding their market growth. Combining both the companies will strengthen their market position and will maximize the operational productivity.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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