Global Mold Release Agent Market was valued US$ XX Bn in 2019 and is expected to reach US$ 2.6 Bn by 2027, at CAGR of XX % during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Factors behind the growth of market include organic growth of end-user industries like automobile production and rapid increase in construction activities, rising demand for mold release coated plastics, and increasing expenditure on research activities. Also, demand for Mold Release Agents is predicted to witness significant growth during the forecast period. Rising crude oil production across the globe is also predicted to be an important driver for mold release agent market. Increasing automobile production and sales along with rising consumption of lubricants are likely to drive the growth of the market.
Additionally, the use of mold release agents significantly reduces operational cost and time and also, mold release agents provide greater surface finish and also remove the problem of porosity. Fast urbanization coupled with an increasing income of the middle class in the emerging economies is predicted to push the growth of the market during the forecast period, 2019 to 2026.
At the same time, implementation of strict regulations by various government bodies has restricted the use of toxic organic chemicals used in the production of mold release agent, which is expected to limiting the growth of the market. One of the major challenges in the global mold release agents market is the easy availability of alternative non-stick coatings which provide better surface finish and reduce the problem of porosity. Another factor limiting the growth of the global mold release agents market is the fluctuating raw material prices, which is significantly impacting the success of manufacturers and distributors.
The die casting segment accounted for the major shares during 2016 and it is expected to continue during the forecast period. This segment is dominating because of its wide-scale usage in the rapidly growing automotive and construction industries to help improve the manufacturing efficiency and reduce the overall costs.
Among the regions, Asia Pacific holds the maximum market share during the forecast period. The rapid growth of end-user industries, such as construction, machinery, automotive and other different kinds of processing applications drive the growth of the market. Growing industries in developing economies like China, India, and South Asia countries are the major factor for driving the mold release market. Countries such as North America and Europe, also represent a significant market share. But, these regions are likely to grow at a relatively slower pace due to the relatively mature market for end-use industries, especially the automotive industry.
The presence of a number of players in the mold release agents market appears to be highly fragmented and competitive. To increase their revenue shares, the players in this market space are focusing on the expansion of their production facilities and new product launches. To compete with the existing large players, the new entrants are focusing on developing new technologies and ideas.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding the Global Mold Release Agent Market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Mold Release Agent Market.
Scope of Global Mold Release Agent Market:
Global Mold Release Agent Market, By Material Type:
• Water Based
• Solvent Based
Global Mold Release Agent Market, By Product Type:
Global Mold Release Agent Market, By Application:
• Die Casting
• Food Processing
Global Mold Release Agent Market, By Region:
• North America
• South America
• Middle East & Africa
Key Players Operated in Market Include:
• DAIKIN INDUSTRIES, Ltd.
• Dow Corning
• Henkel AG & Co. KGaA
• Wacker Chemie
• Aerol Formulations
• ASK Chemicals
• Axel Plastics Research Laboratories
• Chem-Verse Consultants
• CHUKYO YUSHI
• Croda International Plc
• Michelman Inc.
• Cresset Chemical Company
• MCGee Industries, Inc.
• Marbocat Ltd.
• Grignard Company, LLC
• Quaker Chemical Corporation
• Moresco Corporation
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