Release Coatings Industry 2018 Market Size, Top Key Players, Industry Share, Rising Trends and Future Scope till 2023

Synopsis of Release coatings Market:-

Release coatings are silicone based coatings consisting of one polymer which is polymerized by a cross linking agent either thermally or under UV light. Release coatings are extensively used to prevent adhesion between surfaces thereby helps in minimizing material loss. The advantages of release coatings such as high tensile strength and excellent tear strength properties make them suitable to be used in various applications. Release coatings are extensively used in applications such as stickers, labels, tapes, hygiene products, medical, food, and beverage, and packaging among others. The growing demand for digital label printing and mechanical flexographic printing is expected to have positive impact on the global release coatings market owing to its extensive use in tapes and films.

Global release coatings Market research report: by material (Silicone, Non-Silicone), Formulation (Solvent-Based, Water-Based, Oil Emulsions and others), by application (Labels, Tapes, Hygiene, Industrial, Medical, Food & Bakery) – Forecast till 2023

Global Key Players:-

Some of the prominent players operating in the global release coatings market are KISCO Limited (Japan), The Dow Chemical Company (U.S.), Cytec Solvay Group (U.S.), and BASF SE (Germany). Dow Corning Corporation (U.S.), Wacker Chemie AG (Germany), Momentive inc. (U.S.), Evonik Industries AG (Germany), Shin-Etsu Chemicals Co., Ltd. (Japan), and OMNOVA Solutions Inc. (U.S.)

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Regional Analysis:-

The release coatings market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to grow an encouraging CAGR. The growing population and the increasing personal disposable income in the developing nations are the major factors driving the growth of release coatings market. Moreover, the pharmaceutical and food industry in countries such as Japan, India, and China is adding to the demand for release coatings. In addition to this, the demand from the automotive industry is another factor positively effecting the market. Furthermore, with the increase in working population the demand for processed and on the go food products are propelling in the region which in turn is adding to the market growth owing to the use of release coatings in label and stickers in the food and beverage industry.

North America is another dominant region for the market of release coatings exhibiting an expanding CAGR. The presence of a well-developed end user industry coupled with the growing adoption rate are the major factors adding to this growth. Moreover, the fast paced lifestyle has augmented the demand for on the go food and beverages which is further expected to propel the growth in this region. In addition to this, the growing demand for hygiene products is also positively effecting the market growth

Intended Audience:-

Release coatings market manufacturers
Traders and Distributors of Release coatings market
Production process industries
Potential investors
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Segmental Analysis:-

The global release coatings market is segmented into material, formulation and application. On the basis of material the market is segregated into silicone and non silicone. The market by formulation is bifurcated into solvent based, water based and oil emulsions. The market by application is further bifurcated into labels, tapes, hygiene, industrial, medical, food & beverages, and others.

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This release was published on openPR.