Mold Release Agents Market or Mold Release Coating Market - Global Forecast to 2024
The report "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 or Mold Release Coating Market is projected to reach USD 2.5 billion by 2024, at a CAGR of 6.0% from USD 1.8 billion in 2019.
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Browse 105 market data Tables and 38 Figures spread through 142 Pages and in-depth TOC on "Mold Release Agents Market or Mold Release Coating 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"
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Water-based product type is the largest segment of the mold release agents market or Mold Release Coating Market.
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.
Polyurethane (PU) molding application is estimated to be the largest segment of the mold release agents market or Mold Release Coating Marketduring the forecast period.
The PU molding application is estimated to be the largest segment of the mold release agents market or Mold Release Coating 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.
APAC is estimated to be the largest market for mold release agents during the forecast period.
APAC is the largest mold release agents market or Mold Release Coating Market and is expected to continue dominating the global market during the forecast period. The market is largely driven by increased investments in the manufacturing industries. Improving living standard has been driving the growth of the automotive as well as the construction industries, which is expected to drive the mold release agents market.
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The key market players profiled in the report include as Henkel AG & Co. KGaA (Germany), Croda International Plc (UK), Chem-Trend L.P. (US), Marbocote Limited (UK), Shin-Etsu Chemical Co., Ltd. (Japan), LANXESS Group (Germany), Michelman, Inc. (US), McGee Industries, Inc. (US), Daikin Industries Ltd. (Japan), Miller-Stephenson, Inc. (US), LORD Corporation (US), and TAG Chemicals GmbH (Germany).
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