Mold Release Agents Market is Forecasted to Reach US$ 3.45 Billion in 2028, Says Stratview Research

The global mold release agents market is projected to witness a growth rate of 5.6% annually from 2023 to 2028, with an anticipated size of US$ 3.45 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global mold release agents market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 3.45 billion
Growth (CAGR): 5.6% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Mold Release Agents Market:

The global mold release agents market is segmented based on type, application type, product type, and region.

Based on type - The mold release agents market is segmented into Water-based, Solvent-based, and others. The water-based mold release agents segment currently dominates the market and is expected to maintain its dominance during the forecast period. Water-based mold release agents find a wide array of applications in die casting and they also restrict the adhesion of molding surfaces to substrates. Furthermore, these release agents offer the benefits of environmental-friendliness and low VOC emissions. Solvent-based mold release agents have continuously been losing their share to water-based ones, owing to the growing stringent regulations during the forecast period.

Based on application type - The mold release agents market is segmented into Die Casting, Rubber, Concrete, Plastic, Food Processing, Paper, and others. Die casting dominates the market currently accounting for nearly one-fourth of the market. The application type is also likely to remain the market's largest segment during the forecast period, driven by a higher usage of die casting in the automotive industry. Organic growth of vehicles in the coming years is likely to drive the demand for mold release agents for this segment in the coming years.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/358/Mold-Release-Agents-Market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest market for mold release agents during the forecast period. This growth outlook is majorly attributed to the following-

• China and India are likely to remain the growth engines of the regional demand for mold release agents in the coming years.
• Organic growth of end-use industries coupled with increased usage of mold release agents is primarily driving the region's mold release agents market. The market entry of local/regional players and the capacity expansion of existing players are strengthening the supply chain of the region's market.
• North America and Europe, the other two major markets, are also likely to generate sizeable growth opportunities in the coming five years. The USA is the growth engine of the North American market, whereas Germany, France, Spain, and the UK are acting as the growth engines of the European market, driven by the presence of many automobile manufacturing plants.

Mold Release Agents Market Drivers:

Some of the key drivers listed in the report are given below.
• Surging Demand: The market for mold release agents is experiencing a robust expansion fueled by escalating industrial production and manufacturing activities across diverse sectors.
• Technological Breakthroughs: Continuous advancements in formulating and developing mold release agents are resulting in remarkable enhancements in performance, efficiency, and environmental sustainability, driving the market forward.
• Industry-Specific Applications: Mold release agents find wide-ranging applications in various industries, including automotive, aerospace, plastics, and rubber, igniting substantial demand and propelling market growth.
• Stringent Regulatory Landscape: Regulatory compliance concerning the environmental impact and worker safety significantly influences the market dynamics, compelling the development of eco-friendly formulations with low Volatile Organic Compounds (VOC) levels.
• Intense Competition: The market thrives in a highly competitive environment, with numerous prominent players offering a diverse range of mold release agent products. This fierce competition fosters price rivalry and fuels innovation within the industry.

Top Companies in the Mold Release Agents Market:

Stratview Research has identified the following companies as the top market players.
• Chem-Trend L.P.
• Wacker Chemie AG
• Daikin Industries Ltd.
• Dow Corning
• Henkel AG & Co.KGAA
• Momentive Performance Materials.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Mold Release Agents Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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