Dublin, June 07, 2024 (GLOBE NEWSWIRE) -- The "Global Mold Release Agents Market by Type (Water-based, Solvent-based), Application (Die-casting, Rubber Molding, Plastic Molding, Concrete, PU Molding, Wood Composite & Panel Pressing, Composite Molding, Others), & Region - Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The mold release agents market is poised for steady growth, with a projected value of USD 2.9 billion by 2029, exhibiting a robust CAGR of 6.1% from its 2024 value of USD 2.2 billion. The need for high precision and quality in automotive components necessitates the use of advanced mold release agents that can ensure flawless surfaces and facilitate complex mold designs. The growing trend towards lightweight materials, such as composites and plastics, in automotive manufacturing further drives the demand for mold release agents market. 
Water-based mold release agents segment to be the fastest growing type for mold release agents market, in terms of value, during the forecast period
The water-based mold release agents are the most used type in the mold release agents market, in terms of value, in 2023. This segment is projected to lead the mold release agents market, in terms of both value and volume, during the forecast period. The low VOC content of water-based mold release agents is in line with the increasing environmental awareness. They meet the strict environmental standards set by governments and regulatory agencies worldwide. These factors collectively contribute to water-based mold release agents being the largest type of mold release agents market.
Die-casting application is estimated to be the largest application in mold release agents market, in terms of value, in 2023.
The die-casting application segment accounted for the largest share, in terms of value, in 2023 and dominated the global mold release agents market. High melting point metals, such as alloys of zinc, magnesium, and aluminum, are frequently used in die-casting techniques. These materials have better mechanical qualities, but they also impose a lot of demand on the release agents to perform well even under extreme heat and pressure.
Europe is estimated to be the second-largest mold release agents market in 2023, in terms of value.
Europe is the second-largest market for mold release agents, in 2023. The robust manufacturing sector in Europe, especially in areas like consumer products, automotive, and aerospace, is closely associated with the market's significance in mold release agents. Mold release agents are widely used in these industries and are necessary for procedures like rubber molding, die-casting, and many more. The automotive industry demands precise engineering and superior manufacturing standards, requiring the use of mold release agents that can function under demanding circumstances.
The report provides insights on the following:
- Analysis of key drivers (Rapidly growing automotive and construction industries, Increasing demand from various applications), restraints (Stringent regulations on solvent-based mold release agents, Rising use of non-stick coatings on molds), opportunities (Infrastructure development in rising economies), and challenges (Fluctuating raw material prices)
- Market Penetration: Comprehensive information on mold release agents offered by top players in the global mold release agents market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the mold release agents
- Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for mold release agents across regions.
- Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global mold release agents market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the mold release agents market
- Impact of recession on mold release agents
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 244 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $2.2 Billion |
| Forecasted Market Value (USD) by 2029 | $2.9 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
Key Topics Covered:
Executive Summary
- Water-based Type to Lead Market During Forecast Period
- Die-Casting Application to Lead Market During Forecast Period
- Asia-Pacific to Witness Highest CAGR During Forecast Period
Premium Insights
- Attractive Opportunities for Players in Mold Release Agents Market - Growth of Construction Industry to Drive Market During Forecast Period
- Mold Release Agents Market, by Region - Asia-Pacific to Witness Fastest Growth During Forecast Period
- Asia-Pacific Mold Release Agents Market, by Country and Application -China and Die-Casting Dominated Market in 2023
- Mold Release Agents Market, by Type and Region -Water-based Mold Release Agents Dominated Market in 2023
- Mold Release Agents Market, by Key Country -China to Register Highest CAGR During Forecast Period
Key Market Dynamics
Drivers
- Rapid Growth of Automotive and Construction Industries
- Increasing Demand from Automotive and Furniture Applications
Restraints
- Stringent Regulations on Solvent-based Mold Release Agents
- Rising Use of Non-Stick Coatings on Molds
Opportunities
- Infrastructure Development in Emerging Economies
Challenges
- Fluctuating Raw Material Prices
Case Study Analysis
- Optimizing Automobile Seating Foam Production with Sprayiq and Advanced Release Agents
- Reducing Costs and Enhancing Production Efficiency with Mold Release Agents
- Improving Efficiency and Safety of Dental Manufacturing with Releasys Eco-W
Technology Analysis
- Key Technology
- Technomelt Low-Pressure Molding
- Fluoro
- Complementary Technology
- Nanomold
Companies Featured
- Freudenberg Group
- Daikin Industries, Ltd.
- Henkel AG & Co. KGaA
- Lanxess AG
- Shin-Etsu Chemical Co. Ltd.
- Dow Inc.
- Michelman Inc.
- Marbocote Ltd.
- Mcgee Industries, Inc.
- Miller-Stephenson, Inc.
- Tag Chemicals GmbH
- Parker-Hannifin Corporation
- Agc Inc.
- Ampacet Corporation
- Polytek Development Corp.
- Chukyo Yushi Holdings Co. Ltd.
- Cresset Chemical
- Illinois Tool Works Inc.
- Csw Industrials, Inc.
- Kao Corporation
- Moresco Corporation
- Peri SE
- Sika AG
- Sumico Lubricant Co. Ltd.
- Momentive Performance Materials, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/wz9o5f
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