Release Agents Market Report 2024-2033: Research, Insights, Demand Forecast

"The Business Research Company recently released a comprehensive report on the Global Release Agents Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The release agents market size has grown strongly in recent years. It will grow from $1 billion in 2023 to $1.06 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to automotive industry growth, construction boom, food processing industry expansion, advancements in chemical formulations, industrial automation and efficiency, and environmental regulations.

The release agents market size is expected to see strong growth in the next few years. It will grow to $1.31 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to pharmaceutical industry growth, biotechnology advancements, regulatory changes, aging population, chronic disease prevalence, and patent expirations. Major trends in the forecast period include increased demand for natural ingredients, growing emphasis on health and wellness, the rise of clean-label products, technological advancements in formulations, and a focus on convenience and efficiency.

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Market Drivers and Trends:

The rise in the bakery and confectionery industries is expected to propel the growth of the release agents market going forward. The bakery and confectionery industries encompass the production and sale of baked goods, such as bread, pastries, cakes, candies, and other sweet treats. The expansion of the food service industry, including cafes, restaurants, and quick-service restaurants, has increased demand for bakery and confectionery products. Release agents are commonly employed in bakery operations to prevent baked goods from sticking to baking surfaces, facilitating easy removal and maintaining product integrity. For instance, in February 2024, according to the Government of Canada, a Canada-based body responsible for the federal administration, the retail sales of baked goods in the United States (U.S.) saw a compound annual growth rate (CAGR) of 5.9%, reaching US$82.9 billion in 2022, with projections indicating a CAGR of 3.1% from 2023 to 2027, with an anticipated value of US$97.7 billion by 2026. Therefore, the rise in the bakery and confectionery industries is driving the growth of the release agents market.

Major companies operating in the release agent market are increasing their focus on developing innovative solutions, such as water-based release agents, to gain a competitive edge in the market. Water-based release agents are substances used in various industrial processes, particularly molding and casting operations, to prevent the adhesion of materials to molds or equipment surfaces. For instance, in January 2021, Chem-Trend, a US-based chemical company, launched Chemlease 2754W, a new sustainable release agent. This is a semi-permanent, water-based release agent designed for composite molding of various thermosets, including polyester, vinyl ester, epoxy, and phenolic resins in bulk molding compound (BMC), sheet molding compound (SMC), prepreg, and cast form. It offers minimal transfer of release agent and high-temperature stability and can be used for multiple releases. Chemlease 2754W can be applied to molds with varying temperatures, and there's no need to let the mold cool down, as is often required with other release agents.

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Major Key Players of the Market:

BASF SE, DuPont de Nemours Inc., Daikin Industries, Henkel AG, Shin-Etsu Chemical Co. Ltd., Evonik Industries AG, AkzoNobel N.V., Wacker Chemie AG, Clariant AG, Croda International plc, Lord Corporation, Momentive Performance Materials, Michelman Inc., Chem-Trend L.P., Stoner Inc., AFT Fluorotec Ltd, MÜNZING Chemie GmbH, Rexco, Axel Plastics Research Laboratories Inc., Miller-Stephenson Chemical Co., McLube, Franklynn Industries Limited, Münch Chemie International GmbH, Marbo America Inc, Cresset Chemical Co

Release Agents Market 2024 Key Insights:

• The release agents market size is expected to see strong growth in the next few years. It will grow to $1.31 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.
• Rise In The Bakery And Confectionery Industries Drives Release Agents Market Growth
• Innovative Solutions Driving Growth In The Release Agent Market
• North America was the largest region in the release agents market in 2023

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