Global Mold Release Agents Market - Global Forecast To 2024
Water-based mold release agents are expected to lead the mold release agents market during the forecast period.
On the basis of product type, the mold release agents market has been segmented into water-based mold release agent, solvent-based mold release agent, and others. The water-based mold release agent product type is estimated to lead the mold release agents market in terms of value. The awareness about the use of environmentally friendly products has increased, and this leads to its growing demand. In addition, water-based mold release agents are non-flammable, which is increasing its demand.
The PU molding segment is projected to be the largest application of mold release agents during the forecast period.
The PU molding segment is projected to dominate the mold release agents market during the forecast period in terms of value. The growing demand for PU in various applications such as furniture, bedding, automotive seating, interior spaces of automobiles, and footwear soles is driving its demand.
APAC is expected to account for the largest share of the mold release agents market during the forecast period.
APAC is expected to account for the largest market share in mold release agents during the forecast period, in terms of value. The presence of various mold release agents players, such as TAG Chemical India Pvt. Ltd. (India), Shin-Etsu Chemical Co., Ltd. (Japan), and Daikin Industries Ltd. (Japan), has a positive impact the market. In addition, growth in die-casting, PU molding, rubber molding, plastic molding, composite molding, wood composite & panel pressing, and concrete applications in the region is increasing the demand for mold release agents.
Key Market Players
The key market players profiled in the report include as LORD Corporation (US), Chem-Trend L.P. (US), Shin-Etsu Chemical Co., Ltd. (Japan), McGee Industries, Inc. (US), Miller-Stephenson, Inc. (US), Daikin Industries Ltd. (Japan), Croda International Plc (UK), LANXESS Group (Germany), Henkel AG & Co. KGaA (Germany), Michelman, Inc. (US), Marbocote Limited (UK), and TAG Chemicals GmbH (Germany).
Chem-Trend L.P. (US) is developing its mold release agents business by launching new products, expanding its R&D capabilities, and by acquiring smaller companies. Chem-Trend acquired release agents business of its distribution partner, Rubio Trading & Consulting SRL (Romania). The acquisition has helped the company to establish a strong foothold in the eastern European mold release agents market. It also acquired Huron Technologies, Inc. (US), a manufacturer of mold release agents and related products, for molding applications.
Henkel AG & Co. KGaA (Germany) focuses on new product launch to remain competitive in the mold release agents business. The strong supply chain and distribution network of the company help it to have a competitive edge over its competitors. The company launched Bonderite L-CA CP release agents for the high-pressure die casting of powertrain and structural parts.
- In January 2018, Michelman, Inc. opened Michelman Sustainability Center (MSC) in China. The new China-based center is part of Michelman’s aggressive growth plan in the APAC region.
- In October 2018, Shin-estsu Chemical Co., Ltd. expanded its production capacity by investing USD 990 million in its silicone business in Japan and globally. This expansion helped the company to strengthen its product range from silicone monomer to end products.
- In September 2018, Croda International Plc opened its new Innovation & Customer Experience Centre and Speciality Polymer Plant at its manufacturing site in Campinas (São Paulo State), Brazil. This expansion has strengthened Croda’s R&D in the region to include their Performance Technologies sector, and its Coatings & Polymers, Polymer Additives, Home Care & Water, and Lubricants divisions.
- In October 2017, Chem-Trend L.P. launched a water-based, silicone-free mold release agent, Zyvax 1070W used for molding composite materials for aerospace.
2 Research Methodologies
3 Executive Summaries
4 Premium Insights
4.1 Significant Opportunities in Mold Release Agents Market
4.2 Mold Release Agents Market, By Type
4.3 Mold Release Agents Market, By Application
4.4 Mold Release Agents Market, By Region
5 Market Overview
5.2 Market Dynamics
6 Industry Analysis
6.2 Porter’s Five Forces Analysis
6.2.1 Threat of New Entrants
6.2.2 Threat of Substitutes
6.2.3 Bargaining Power of Suppliers
6.2.4 Bargaining Power of Buyers
6.2.5 Intensity of Competitive Rivalry
6.3 Value Chain Analysis
7 Mold Release Agents Market, By Type
7.2 Water-Based Mold Release Agents
7.3 Solvent-Based Mold Release Agents
8 Mold Release Agents Market, By Application
8.2 Die Casting
8.3 Rubber Molding
8.5 Plastic Molding
8.6 PU Molding
8.7 Wood Composite & Panel Pressing
8.8 Composite Molding
9.2 North America
9.5 Middle East & Africa
9.6 South America
10 Competitive Landscapes
11 Company Profiles
(Business Overview, Products & Services, Financials, Key Developments)*
11.2 Chem-Trend L. P.
11.3 Michelman Inc.
11.4 Mcgee Industries, Inc.
11.5 Henkel AG & Co. KGaA
11.6 Croda International PLC
11.7 Daikin Industries Ltd.
11.8 Shin-Etsu Chemical Co., Ltd.
11.9 Marbocote Ltd.
11.10 Lanxess Group
11.11 Miller-Stephenson Inc
11.12 Lord Corporation
11.13 Tag Chemicals GmbH
11.14 Other Key Market Players
*Details Might Not Be Captured in Case of Unlisted Companies.