Release Coatings Market to Perceive Substantial Growth During 2016- 2024
Owing to its several favorable characteristics such as chemical and corrosion resistance, durability, anti-stick, dielectric and chemical insolation, heat resistance, dry lubrication, and abrasion, release coatings have been used for several purposes including baking, food packaging, and other industrial applications. After approvals from the U.S. Food and Drug Administration (FDA) and Canadian Food Inspection Agency (CFIA), the demand for release coatings has escalated. Consequently, the global release coatings market is projected for a healthy growth rate during the forecast period of 2016 to 2024.
This report on the global market for release coatings is an in-depth analysis of the all the major factors that are expected to influence the demand over the course of next few years, positively or negatively. The report is aimed at providing quantitative and qualitative insights on the market for release coatings to the buyers, aspiring to help them make more informed choices. One of the key feature of the report is the section on company profiles, wherein several key players have been analyzed for their market shares, product portfolio, geographical presence, and recent strategic developments. The global release coatings market can be segmented on the basis material, formulation, application, and region. By material, the market can be divided into silicone and non-silicone. By formulation, it can be categorized into solvent-based, water-based, and oil emulsions. On the basis of application, the market can be segmented into labels, tapes, hygiene, industrial, medical, food and bakery, and others. Geographically, the report studies the opportunities available in the regions of North America, Europe, Asia Pacific, and Rest of the World.
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Global Release Coatings Market: Trends and Opportunities
The flourishing packaging industry, in which release coatings find applications in the fields of labels, industrial, medical, and food and bakery, is the primary driver for this market. This is owing to the reason that release coatings can be applied as well as peeled off on paper or film quite easily. The demand for water-based coatings, in particular, is escalating at a rapid rate, backed up by the emergence of digital printing technology. Moreover, medical is anticipated to be the fastest growing segment during the forecast period, as release coatings are now widely applicable in surgical and analytical instruments besides packaging of healthcare products.
The healthcare industry is at an all-time peak and release coating market is gaining from it. Owing to their properties of low friction and ease of insertion, release coatings are highly useful with implantable instruments, such as respiratory and orthopedic devices. By material, silicone is fastest growing segment, as they are inexpensive as additives and provides resistance to slip, abrasion, and moisture. Conversely, difference in release control, which can result in the failure of release coatings, is expected hinder the growth rate during the forecast period.
Global Release Coatings Market: Region-wise Outlook
Currently, Asia Pacific serves the maximum demand for release coatings, with China, Japan, India, and Taiwan as the dominant country-wide markets. This is a reflection of the growth of several progressive industries such as packaging, consumer durables, and manufacturing, wherein release coating is frequently used. Vast population base in India and China also contribute towards making Asia Pacific a highly lucrative region. North America and Europe are next two important regions in the global release coatings market.
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Companies mentioned in the research report
Dow Corning Corporation, Evonik Industries AG, Wacker Chemie AG, Momentive Performance Materials Inc., Shin-Etsu Chemicals Co., Ltd., Mayzo Inc., OMNOVA Solutions Inc., Product Release Europe Ltd., and Rayven, Inc.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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