Surging International Trade Volumes Have Primarily Driven The Growth Of The Port And Material Handling Equipment Vehicle Market

Global release coating sales are projected to witness promising growth as most of the basic application segments hold potential to expand further. Demand from labels & tapes, hygiene, and other sectors is following an upward curve. Due to their low surface tension, less roughness, high flexibility, and unique processing advantages, silicone release coatings are highly sought-after across geographies.

While the industrial sector got battered by the COVID-19 pandemic earlier in 2020, it's on its way to recovery, and expected to pave new paths for release coating manufacturers. As per the findings by Fact.MR's study, recovery in the industrial sector will be a major driving factor for release coating sales in 2021.With the commencement of vaccination and adoption of the 'new normal', players in the release coatings industry are optimistic of coming across new opportunities. According to Fact.MR, the global release coatings market is anticipated to expand at close to 4.5% CAGR during the forecast period of 2021 to 2031.

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The report offers actionable and valuable market insights of Release Coatings Market. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Release Coatings Market across various industries and regions.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Release Coatings Market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Release Coatings Market

This newly published and insightful report sheds light on Market Insights of Release Coatings Market, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Release Coatings Market.

Key Takeaways from Study
• Silicone material continues to be a top-selling category
• High requirement from tapes & labels and hygiene products to fuel sales
• China to remain at the forefront of the world's largest release coatings market - Asia Pacific
• The United States to emerge dominant in North America for release coatings
• Germany to take the spotlight in Europe regarding sales of release coatings
• The United Kingdom, France, Japan, and Canada, to emerge lucrative for stakeholders in the release coatings industry

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Advancements in Medical Sector Remain Key to Market Growth
With advancements in the medical sector and growing investments by key players, sales of release coatings are expected to witness steady growth over the coming years. As stated in a report titled "Medical Technology Spotlight- The Medical Technology Industry in the United States", published by the Select USA, the United States is the largest medical device market in the world with an estimated value of US$ 156 billion, which is 40% of the global devices market as in 2017. As per the report, the U.S. medical devices industry is expected to grow to US$ 208 billion by 2023. Though manufacturing units suffered a temporary setback due to the onset of COVID-19 in 2020, the sector holds high potential to exhibit impressive growth. These figures give a glimpse of the growing opportunities for release coating suppliers across the globe.

Increasing Requirement from Hygiene Sector Fuelling Sales of Release Coatings
Release coatings are extensively used in a wide variety of hygiene and personal care products. For instance,

• Smooth and easy release force of release coatings guarantees noiseless manipulation of sanitary napkins
• Excellent anchorage of release coatings for machine-finished craft paper or non-wovens makes them highly efficient in hygiene products
As a result, surge in demand from the hygiene sector is driving sales of release coatings.

According to a report titled "Cosmetics and Personal Care Industry Overview", published by the Cosmetics Europe, the personal care association, valued at EUR 79.8 billion at retail sales price in 2019, the European cosmetics, hygiene, and personal care industry is largest in the world. As stated in the report, it is estimated that this industry brings at least EUR 29 billion in added value to the European economy annually.

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Segmentation by Category
Application
• Tapes and Labels
• Hygiene
• Industrial
• Medical
• Other Applications

Material
• Silicone
• Non-silicone

Region
• North America
• Latin America
• Europe
• Middle East and Africa (MEA)
• East Asia
• South Asia
• Oceania

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Report Benefits & Key Questions Answered
• Release Coatings Market Company & brand share analysis: The report offers brand-share analysis on Release Coatings Market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
• Release Coatings Market Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
• Release Coatings Market Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
• Release Coatings Market Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
• Release Coatings Market Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
• Post COVID consumer spending on Release Coatings Market: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Release Coatings Market sales.

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