Mold Release Agents Market worth $2.5 billion by 2024 | Key players Henkel AG & Co. KGaA, Croda International Plc, Chem-Trend L.P., LANXESS Group, Michelman

According to recent market research "Mold Release Agents Market by Product Type (Water-Based, Solvent-Based), Application (Die-Casting, Rubber Molding, Plastic Molding, PU Molding, Concrete, Wood Composite & Panel Pressing, Composite Molding), and Region - Global Forecast to 2024", The mold release agents market is projected to reach USD 2.5 billion by 2024, at a CAGR of 6.0% from USD 1.8 billion in 2019.

Browse 105 market data Tables and 38 Figures spread through 142 Pages and in-depth TOC on "Mold Release Agents Market - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/mold-release-agents-market-39429520.html

The water-based mold release agent product type segment is estimated to lead the market, in terms of value, in 2019. The demand for water-based mold release agents is growing, because the absence of volatile organic compounds (VOCs) and other harmful chemicals makes them friendlier to the environment and omits risks in terms of health and safety when compared to solvent-based mold release agents.

The PU molding application is estimated to be the largest segment of the mold release agents market, in terms of value, during the forecast period. The growing use of PU in applications such as furniture, bedding, automotive interiors, carpet underlay, construction, and packaging among others have driven its demand which in turn drives the demand for mold release agents in their molding process.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=39429520

The mold release agents market size is projected to reach USD 2.5 billion by 2024 from USD 1.8 billion in 2019, at a CAGR of 6.0% between 2019 and 2024. Rising growth in the automotive industry and growing demand for composite materials are driving the demand for mold release agents market. Increasing governmental regulations regarding the use of mold release agents which contain CFC and other volatile hydrocarbons are restraining the growth of the mold release agents market. On the other hand, infrastructure development in emerging economies such as China, Dubai, Myanmar, Thailand, and India, among other countries, drive the demand for mold release agents. The players in the mold release agents market are mainly concentrating on expansions, new product launches, acquisitions, and agreements to meet the growing demand in various applications. New product launches help companies strengthen their product portfolio and meet the specific demands of customers.

The growth of the mold release agents market has been largely influenced by expansions, new product launches, acquisitions, and agreements that took place between 2015 and 2019. Chem-Trend L.P. (US), Henkel AG & Co. KGaA (Germany), Croda International Plc (UK), Shin-Etsu Chemical Co., Ltd. (Japan), and Michelman, Inc. (US) adopted expansions, new product launches, agreements, and acquisitions to remain competitive in the mold release agents market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=39429520

Chem-Trend L.P. (US) is developing its mold release agents business by launching new products, acquisition, and expanding in countries such as Germany and the US. In January 2019, the company opened an advanced research and development (R&D) laboratory space in Maisach, Germany. The expansion helped the company to enhance its existing R&D capabilities. In November 2017, the company launched Zyvax MPP 1006W, a mold release agent and Zyvax Sealer 1050 for aerospace composite molding applications. These new products broadened the company’s product portfolio. In October 2017, the company launched a water-based, silicone-free mold release agent, Zyvax 1070W, for molding composite materials for aerospace. Chem-Trend L.P. also acquired release agents business of its distribution partner, Rubio Trading & Consulting SRL (Romania), in March 2017. The acquisition helped the company to establish a strong foothold in Eastern European mold release agents market.

Henkel AG & Co. KGaA (Germany) focuses on new product launches so that it can meet the growing demand for mold release agents, globally. In January 2016, the company launched Bonderite L-CA CP release agents for the high-pressure die casting of powertrain and structural parts. The strong supply chain and distribution network help the company to have a competitive edge over its competitors.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/mold-release-agents.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/mold-release-agents-market.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.