Global Mold Release Agent Market Overview
The mold Release Agent Market Size was valued at USD 2.1 billion in 2022. The Mold Release Agent market industry is projected to grow from USD 2.23 billion in 2023 to USD 3.6 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.20%% during the forecast period (2023 - 2032). The key market driver propelling the market is the increased demand for mold release agents in die-casting applications in the automotive and construction industries.Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Mold Release Agent Market Trends
Increased demand from the automotive industry is driving the market growth
The growth of the automobile industry is a key factor in the market CAGR for Mold Release Agent. Mold release agents are primarily used in die casting and rubber molding. In the automotive sector, rubber and diecasting products are primarily used. Mold release agents must be used in the production of tires. The automobile industry uses die casting primarily for the production of metal body parts for vehicles. The manufacture of automobiles is driven by the rise in worldwide vehicle demand. As a result, mold release agents are used more frequently in the sector.
Mold release agents are also commonly utilized in the construction sector because they stop concrete or cement from sticking to plywood, steel, or aluminum surfaces used for molding. Concrete release agents with low viscosity are also known as mold release agents. Non-hazardous raw ingredients are used in their formulation. Mould release oil is a type of chemical release agent that contains chemicals specifically created to aid in the chemical release of the mold from the mold. Mineral-based mold release products don't contain water or solvents and are mineral-based. Because they are carefully prepared to decrease friction and give a good dissolving, they play a significant role in construction and industrial enterprises. They further provide the products' surface with a crisp, clean appearance. Thus, driving the Mold Release Agent market revenue.
Mold Release Agent Market Segment Insights
Mold Release Agent Type Insights
The Mold Release Agent market segmentation, based on product, includes Water-Based, Solvent-Based and Others. Water-based segment is the most popular in the market. Additionally displaying growth, other segments are anticipated to boost the market throughout the projected time. Molded parts can be completely cleaned using simply water and water-soluble mold release. Before painting, hot stamping, or plating the completed pieces, this release is typically not required to be removed. Testing is advised. Its antistatic qualities lessen the accumulation of dirt on molded parts. On the other hand, Various materials and processes use release agents that are solvent-based. Solvent-based coatings offer quicker drying times than their water-based counterparts, which can reduce production time and boost the number of components molded every shift, even though they are generally more dangerous. Additionally, solvent-based coatings have good wetting properties and can be utilized at startup before the substrate reaches operating temperature. This is especially true for molds used at ambient temperature.
Figure1: Mold Release Agent Market, by Type channel, 2022 & 2032(USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Mold Release Agent Product Insights
The Mold Release Agent market segmentation, based on technology channel, includes Internal, External, Semi-Permanent and Others. The Internal category dominated the market's growth. The internal process aid additive's complicated polymeric structure won't obstruct additional procedures like decoration, silk screen printing, painting, bonding, or plating. To achieve integrated release qualities, internal release agents are applied directly to the composite material being molded during mixing. This approach is commonly utilized while molding tires.
Mold Release Agent Application Insights
The Mold Release Agent market segmentation, based on application channel, includes Die-Casting, Polyurethane Molding, Concrete, Rubber Molding, Plastic Molding, Wood-Composite, Composite Molding, Food Processing, and Others. The industry with the highest CAGR and largest market value in 2022 was polyurethane molding. All mold surfaces, including aluminum, steel, urethane, epoxy, and fiberglass, are adhered to by the coatings. They are chemically designed to produce a heat-stable, non-carbonizing layer that evenly moistens the surface of the mold to enable lengthy manufacturing runs without damaging the urethane skin.
Mold Release Agent Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. North America dominated the market ly and contributed more than 45% of revenue in 2022 because of a high penetration rate, the mold-releasing agent market in industrialized countries such as the United States.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: MOLD RELEASE AGENT SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Mold Release Agent Market dominated the mold release market and is expected to continue over the forecast period. The market growth in the area due to its robust industrial sector. The European industrial market is diversifying, and the complexities are increasing as demand changes. Further, the German Mold Release Agent market held the largest market share, and the UK Mold Release Agent market was the fastest-growing market in the European region.
The Asia Pacific Mold Release Market is expected to be the fastest-growing market. Lifestyle changes and enhanced health awareness are decisive factors in boosting baked goods consumption in the emerging nations of China, India, and Malaysia. They can thus generate demand from the launch market. During the forecast period, solid rubber manufacturing bases in Thailand, Indonesia, Malaysia, and Vietnam are expected to drive release agent market expansion. Solid paper and pulp manufacturing bases in Brazil, Mexico, and Indonesia are expected to push market participants to launch their productions. Further, the China Mold Release Agent market held the largest market share, and the India Drone Simulator market was the fastest-growing market in the region.
Mold Release Agent Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Mold Release Agent market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Mold Release Agent industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Mold Release Agent industry to benefit clients and increase the market sector. In recent years, the Mold Release Agent industry has offered some of the most significant advantages in chemicals. Major players in the Mold Release Agent market include Chem‑Trend L.P. US, Michelman, inc. US, Henkel AG & Co. KGaA Germany, Wacker Chemie AG Germany, Croda International Plc UK, DAIKIN INDUSTRIES, Ltd Japan, Shin-Etsu Chemical Co., Ltd Japan, McGee Industries, Inc. US, Cresset Chemical US, Grignard Company, LLC US, REXCO (US), Marbocote Ltd UK, CHUKYO Europe, GmbH Germany.
Chem-Trend is the world's leading supplier of mold release agents and application expertise. Many manufacturing processes need the use of release agents. Specialty mold release agents can help you boost productivity, lengthen tool/die/mold life, increase cycle times, improve part/surface quality, and lower scrap and defect rates, among other things. They aim to optimize your process by customizing mold release agents for your unique use while adhering to strict sustainability guidelines. Mold release agents are intended to provide value to the operation by simplifying the process and eliminating difficult typical molding problems that can waste time and money. Typical mold release agents include, Depending on the application, water-based or solvent-based formulations are available.
Michelam Inc. mold release chemicals and sprays are specifically intended to provide easy and clean release of all types of rubber, plastic, composites, wood fiber composites/panel pressing, concrete, stone veneers, and polyurethane parts. Where high-temperature lubricity is required, a wide range of wax types is employed in die lubricants and mold releases for plastics, metals, and concrete.
Key Companies in the Mold Release Agent market include
- Chem‑Trend L.P. US
- Michelman, inc. US
- Henkel AG & Co. KGaA Germany
- Wacker Chemie AG Germany
- Croda International Plc UK
- DAIKIN INDUSTRIES Ltd japan
- Shin-Etsu Chemical Co., Ltd Japan
- McGee Industries, Inc. US
- Cresset Chemical US
- Grignard Company, LLC US
- REXCO (US)
- Marbocote Ltd UK
- CHUKYO Europe
- GmbH Germany
Mold Release AgentIndustry Developments
October 2018: Chem-Trend L.P., a Freudenberg Group company, announced the debut of the Zyvax series of release agents designed for use in aerospace composite materials in October 2018. These include Zyvax TakeOff and 1070W agents.
September 2018: Croda International Plc extended its business in September 2018 by opening an innovation & customer experience center and specialty polymer facility at its production site in Campinas (Sao Paulo State), Brazil. This growth boosted the company's R&D activity in the region.
Mold Release Agent Market Segmentation
Mold Release Agent Type Outlook
Mold Release Agent Product Outlook
Mold Release Agent Application Outlook
- Polyurethane Molding
- Rubber Molding
- Plastic Molding
- Composite Molding
- Food Processing
Mold Release Agent Regional Outlook
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Middle East
- Latin America
||USD 2.1 billion
|Market Size 2023
||USD 2.23 billion
||USD 3.60 billion
|Compound Annual Growth Rate (CAGR)
|Market Forecast Period
|Market Forecast Units
||Value (USD Billion)
||Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
||Type, Product, Application and Region
||North America, Europe, Asia Pacific, and the Rest of the World
||The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
|Key Companies Profiled
|| Chem‑Trend L.P. US, Michelman, inc. US, Henkel AG & Co. KGaA Germany, Wacker Chemie AG Germany, Croda International Plc UK, DAIKIN INDUSTRIES, Ltd Japan, Shin-Etsu Chemical Co., Ltd Japan, McGee Industries, Inc. US, Cresset Chemical US, Grignard Company, LLC US, REXCO (US), Marbocote Ltd UK, CHUKYO Europe, GmbH Germany.
|Key Market Opportunities
||Mold Release Agents are in greater demand in the automotive industry.
|Key Market Dynamics
||Increasing demand in the construction sector.
Frequently Asked Questions (FAQ) :
The Mold Release Agent market size was valued at USD 2.1 Billion in 2022.
The Mold Release Agent market is projected to grow at a CAGR of 6.20 % during the forecast period, 2023-2032.
North America had the largest share of the Mold Release Agent market
The key players in the Mold Release Agent market are Chem‑Trend L.P. US, Michelman, inc. US, Henkel AG & Co. KGaA Germany, Wacker Chemie AG Germany, Croda International Plc UK, DAIKIN INDUSTRIES, Ltd Japan, Shin-Etsu Chemical Co., Ltd Japan, McGee Industries, Inc. US, Cresset Chemical US, Grignard Company, LLC US, REXCO (US), Marbocote Ltd UK, CHUKYO Europe, GmbH Germany.
The Water-based category dominated the Mold Release Agent market in 2022.
The internal category had the largest share of the Mold Release Agent market.
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