Detroit, Aug. 28, 2018 (GLOBE NEWSWIRE) -- Stratview Research announces the launch of a new market research report on Mold Release Agents Market by Type (Water, Solvent, and Others), by Application Type (Die Casting, Rubber, Concrete, Plastic, Food Processing, Paper, and Others), by Product Type (Internal, External, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
The Global Mold Release Agents Market: Highlights
As per Stratview Research, the global mold release agent market is projected to grow at a healthy CAGR of 5.7% during the forecast period. Organic growth of end-use industries, such as automotive and construction, advancements in molding release agent’ technologies, introduction of stringent regulations regarding safety and VOC emissions, and increasing usage of mold release agents in a wide array of applications are the major factors driving growth of the market.
Based on the application type, die casting dominates the market with currently accounting for nearly one-fourth of the market. The application type is also likely to remain the largest segment of the market during the forecast period, driven by higher usage of die casting in the automotive industry.
Water-based mold release agents segment currently dominates the market and is expected to maintain its dominance in the foreseen future. Solvent-base mold release agents have continuously been losing the share to water-based ones, owing to the growing stringent regulations.
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In terms of region, Asia-Pacific is expected to remain the largest market for mold release agents during the forecast period. China and India are likely to remain the growth engines of the regional demand for mold release agents in the coming years. Organic growth of end-use industries coupled with an increased usage of mold release agents is primarily driving the region’s market.
Some of the key mold release agent suppliers are Chem-Trend L. P., Wacker Chemie AG, Daikin Industries Ltd., Dow Corning, Henkel AG & Co.KGAA, and Momentive Performance Materials.
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Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences and Oil & Gas.