February 21, 2023 09:04 ET | Source: Polaris Market Research & Consulting LLP Polaris Market Research & Consulting LLP

New York, NY, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Polaris Market Research has published a new research report titled “Mold Release Agents Market Share, Size, Trends, Industry Analysis Report, By Product (Water-based, Solvents-based, and Others); By Application; By Type; By Region; Segment Forecast, 2023 – 2032” in its research database.

According to the research report, the global mold release agents market size & share was valued at USD 2,027.78 Million in 2022 and is expected to reach USD 3,467.00 Million by 2032, growing at a CAGR of 5.5% during the forecast period.

What are Mold Release Agents? How Big is Mold Release Agents Market Size & Share?

The mold release agent is a chemical agent that can be used to prevent the bonding of materials to any specific surface. This is an ideal solution for any situations that could occur with a molding process with mold, plastic, adhesive, and web releases during any cycle. The rapidly rising demand for mold release agents market can be attributed to the fact that they prevent a substrate from bonding to a molding surface, without which the materials being cast would fuse to the mold.

Growth in the demand for the market, especially in developing economies such as India and China, its growing usage for a wide range of end-user applications such as die casting, rubber, concrete, plastic, food processing, papers, and other end-user applications, increasing investment by the government for research and development activities and surge in industrialization, particularly in developing countries are the major factors attributable to the growth of the market.

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Key data covered in the market report

Some of the Top Market Players Are:

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Key factors driving market growth

The market is projected to be driven by the increased use of mold release agents in several applications, such as die casting, rubber molding, PU molding, and plastic molding. The mold release agents market size is expanding as composite molding and concrete mold is being designed to generate maximum throughput in single casting and molding cycles to boost productivity in the assembly of molded parts. Thus, larger and more complex molds are being injected with heavier weights. For uniform cooling and appropriate component release in sculpting and casting applications, complex dies need more release agents.

The usage of mold release agents reduces operational costs and time while simultaneously increasing output by several times. These agents also improve surface smoothness and eliminate the issue of porosity. Mold release agents market sales are soaring as these agents also help extend the life of the mold. The easy availability of alternative non-stick coatings that offer a better surface finish and minimize porosity is one of the significant issues in the market.

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Recent trends influencing the market

Growing environmental regulations on the emission of harmful VOCs to drive the market

Based on the product, the water-based segment is expected to witness the fastest growth. Growth is attributed to the wide range of beneficial properties, including non-flammable, easy dilution, and enabling shipment in concentrated form. Mold release agents market demand is on the rise as its growth is likely to gain high traction and grow rapidly over coming years because of several strict policies and regulations on the use of solvent-based release agents as it is free of chemicals or VOCs that make them environmentally friendly.

Based on applications, the die-casting segment accounted for the largest market share. Wide utilization of die casting to manufacture small parts through lower melting metals and alloys like zinc for casting extensive parts, including engine blocks. Mold release agents market trends include increasing demand for metals such as aluminum and magnesium worldwide are the major factors driving the direction and growth of the market.

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Mold Release Agents Market: Report Scope

Asia Pacific held the largest mold release agents market share due to the rapidly growing rate of urbanization and increased prevalence and need for commercial and residential buildings, consumer durables, furniture, and automobiles in countries such as China, South Korea, Malaysia, India, and Indonesia.

North America is projected to register the fastest growth rate over the anticipated period. Growing focus on the expansion of production facilities and the launch of more developed and innovative products into the market by key companies in the region are primary factors influencing the market growth. Early adoption of advanced production technologies and implementation of several regulatory norms handled by government bodies across the region are opening new market growth economies.

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Polaris Market Research has segmented the mold release agents market report based on product, application, type, and region:

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