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 - Global Forecast to 2029
The market size of mold release agents is estimated at USD 2.2 billion in 2024 and is projected to reach USD 2.9 billion by 2029, at a CAGR of 6.1%. Mold release agents play a vital role in various industries, from manufacturing to food processing. They are substances applied to molds, tools, or other surfaces to facilitate the release of finished products. These agents maintain the integrity of the product and the mold by preventing adhesion between the mold and the molded material, facilitating a smooth extraction process. Mold release agents enhance production, quality, and efficiency in manufacturing processes with proper selection and application.
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Market Dynamics
Driver: Rapidly growing automotive and construction industries
Automotive manufacturing stands as a cornerstone of modern industrial economies, driving innovation, employment, and economic growth. The global demand for automobiles is expanding due to factors such as urbanization, population expansion, and rising disposable incomes. Consequently, the automotive industry is always looking for ways to enhance production processes' productivity and efficiency. Mold release agents play a crucial role in the production of complex automotive components with precision and efficiency. The need for mold release agents that minimize waste, lessen environmental effect, and adhere to green building standards is driven by the construction industry's emphasis on sustainability and energy efficiency.
Restraint: Stringent regulations on solvent-based mold release agents
Volatile organic compounds (VOCs), which are frequently found in solvent-based mold release agents, can contribute to air pollution, ozone depletion, and respiratory diseases when inhaled. Furthermore, some of the solvents employed in these agents like chlorinated compounds have been connected to long-term environmental harm and health hazards, which has prompted regulatory bodies to step in. While the regulatory framework surrounding solvent-based mold release agents differs across regions, but always aims to protect human health and the environment by lowering pollution levels. Companies may effectively traverse the dynamic regulatory landscape, minimize risks, and secure a long-term competitive advantage in the mold release agents market by adopting sustainability principles and taking proactive measures to satisfy regulatory requirements.
Opportunity: Infrastructure development in emerging economies
The market for mold release agents has a lot of potential due to the growth of the manufacturing, transportation, and construction industries in emerging economies. Mold release agents are expected to grow much more in demand as these economies experience rapid growth and modernization. This demand will be driven by the requirement for effective and long-lasting solutions in a variety of applications. Through a comprehensive grasp of the distinct dynamics and demands of developing markets, manufacturers can strategically position themselves to achieve success and facilitate the progress of infrastructure development worldwide.
Challenges : Fluctuating raw material prices
The mold release agents market has witnessed a price increase as the market for molding products has increased in the past year due to the COVID-19 pandemic. The increase in the usage of molding products led to a surge in the prices of raw materials. Thus, the fluctuating price of raw materials is a challenge for the players in the mold release agents market.
Mold Release Agents Market Ecosystem
The ecosystem includes companies manufacturing mold release agents, such as Freudenberg Group (Germany), Daikin Industries, Ltd. (Japan), Henkel AG & Co. KGaA (Germany), LANXESS AG (Germany), Shin-Etsu Chemical Co. Ltd. (Japan), Dow Inc. (US), Michelman, Inc. (US), Marbocote Ltd (UK), McGee Industries, Inc. (US), Miller-Stephenson, Inc. (US).
“Solvent-based mold release was the second-largest product type of mold release agents market, in terms of value, in 2023.”
Solvent-based agents are often cheaper to manufacture and consume than their water-based counterparts, despite the costs to the environment and human health that come with using them. Thus, A major aspect supporting solvent-based mold release agents' market share is their cost-effectiveness. Manufacturers can continue to use solvent-based agents while reducing some of the risks involved by implementing control technologies and best practices to ensure compliance.
“Based on application, composite molding was the second-fastest growing segment of the mold release agents market, during the forecast period.”
The composite molding application is estimated to register a CAGR of 6.40%, in terms of value, during the forecast period. There is a growing use of composites in wind energy, fiberglass reinforced plastic (FRP) pipes & tanks, electrical cables that use aluminum conductor composite core (ACCC), and FRP ships and boats in China and Japan. The increasing demand for lightweight and corrosion-resistant materials in the aerospace, marine, and electrical industries, chemical processing plants, pulp & paper converting plants, oil & gas refineries, and water treatment facilities is driving the market for this segment.
“Asia Pacific to account for the largest share of the global mold release agents market, in terms of value, during the forecast period.”
Asia Pacific accounts for the largest share of the mold release agents market, in 2023. The region is home to a significant proportion of the global population. The increased demand for consumer goods, automobiles, and electronics because of this demographic transition drives up demand for the industrial processes that use mold release agents. Numerous local and international companies operate in this space, driving competition and prompting continuous improvement and development of new products. The region’s competitive landscape fosters innovation and market expansion for mold release agents.
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Key Market Players
The key players in this market are Freudenberg Group (Germany), Daikin Industries, Ltd. (Japan), Henkel AG & Co. KGaA (Germany), LANXESS AG (Germany), Shin-Etsu Chemical Co. Ltd. (Japan), Dow Inc. (US), Michelman, Inc. (US), Marbocote Ltd (UK), McGee Industries, Inc. (US), Miller-Stephenson, Inc. (US).
These are the key manufacturers that secured a major market share in the last few years.
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Report Metric |
Details |
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Years considered for the study |
2018–2029
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Base year considered |
2023 |
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Forecast period |
2024–2029 |
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Units considered |
Value (USD Million) and Volume (Kiloton) |
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Segments Covered |
Type, Application, and Region |
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Regions covered |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
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Companies profiled |
Freudenberg Group (Germany), Daikin Industries, Ltd. (Japan), Henkel AG & Co. KGaA (Germany), LANXESS AG (Germany), Shin-Etsu Chemical Co. Ltd. (Japan), Dow Inc. (US), Michelman, Inc. (US), Marbocote Ltd (UK), McGee Industries, Inc. (US), Miller-Stephenson, Inc. (US). |
This report categorizes the global Mold release agents market based on type, application, and region.
Based on type, the mold release agents market has been segmented as follows:
- Water-based mold release agents
- Solvents-based mold release agents
- Other mold release agents
- Paste
- Lubricating oil
- Petroleum jelly
Based on application, the mold release agents market has been segmented as follows:
- Die-Casting
- PU Molding
- Rubber Molding
- Composite Molding
- Plastic Molding
- Wood Composite & Panel Pressing
- Concrete
- Other applications
- Mining
- Electronics
- Paper
- Glass
Based on region, the Mold release agents market has been segmented as follows:
- Asia Pacific
- Europe
- North America
- Middle East & Arica
- South America
Recent Developments
- In February 2024, LANXESS AG successfully finished and started up its Rhenodiv production line extension in Jhagadia.
- In November 2023, Chem-Trend L.P., a subsidiary of Freudenberg Group announced its acquisition of the Mavcoat brand of mold release products from Maverix Solutions, Inc.
- In January 2019, Michelman, Inc. entered into a distribution agreement with Safic-Alcan (France) to distribute its broad range of coating additives, surface modifiers, and paper & packaging coating solutions in Central Europe, Poland, and Turkey.
- In October 2018, Shin-Etsu Chemical Co., Ltd. expanded its business by increasing its production capacity by investing USD 990 million in its silicone business in Japan and globally.
Frequently Asked Questions (FAQ):
Which are the major players in the mold release agents market?
The key players profiled in the report include Freudenberg Group (Germany), Daikin Industries, Ltd. (Japan), Henkel AG & Co. KGaA (Germany), LANXESS AG (Germany), Shin-Etsu Chemical Co. Ltd. (Japan), Dow Inc. (US), Michelman, Inc. (US), Marbocote Ltd (UK), McGee Industries, Inc. (US), Miller-Stephenson, Inc. (US).
Who are the top 4 players in the market?
Freudenberg Group (Germany), Daikin Industries, Ltd. (Japan), Henkel AG & Co. KGaA (Germany), LANXESS AG (Germany) are the major manufacturers of the mold release agents market.
What are the drivers and opportunities for the mold release agents market?
Rapid growth of automotive and construction industries, increasing demand from various applications, infrastructure development in rising economies
What are the various strategies key players are focusing on within the mold release agents market?
New acquisitions, expansion, and product launches are some of the strategies adopted by key players to expand their global presence.
What are the major factors restraining the mold release agents market growth during the forecast period?
Fluctuating raw material prices .
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The study involved four major activities in estimating the market size for mold release agents market. Intensive secondary research was done to gather information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Primary Research
The mold release agents market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized from key opinion leaders in various applications for the Mold release agents market. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Breakdown of Primary Participants
Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2023 available in the public domain, product portfolios, and geographical presence.
Other designations include consultants and sales, marketing, and procurement managers.
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COMPANY NAME |
DESIGNATION |
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Freudenberg Group |
Global Strategy & Innovation Manager |
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Daikin Industries, Ltd. |
Technical Sales Manager |
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Henkel AG & Co. KGaA |
Senior Supervisor |
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LANXESS AG |
Production Supervisor |
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Shin-Etsu Chemical Co., Ltd. |
Production Manager |
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the mold release agents market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry have been identified through extensive secondary research.
- The supply chain of the industry has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Mold release agents Market: Bottom-Up Approach
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Mold release agents Market: Top-Down Approach
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into respective segments and subsegments. To realize the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying several factors and trends from both the demand and supply sides in the mold release agents industry.
Market Definition
Mold release agents are film-forming lubricating oils, solid lubricants, waxes, or fluids that prevent materials from sticking to an underlying surface. They are applied to the mold surfaces for easy removal of the molded parts and to avoid stick-ups. They provide lubricity and extend mold life, improve surface quality, and reduce scrap & defect rates of the molded parts. Mold release agents may be wiped, sprayed, or brushed on the surface.
Key Stakeholders
- Mold release agents manufacturers
- Raw material manufacturers
- Government planning commissions and research organizations
- Industry associations
- End-use industries
- R&D institutions
Report Objectives
- To analyze and forecast the size of the mold release agents market in terms of value and volume
- To provide detailed information regarding key factors, such as drivers, restraints, challenges, and opportunities influencing the growth of the market
- To define, describe, and segment the mold release agents market based on type, and application
- To forecast the size of the market segments for regions such as Asia Pacific, North America, Europe, South America, and the Middle East & Africa
- To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
- To identify and analyze opportunities for stakeholders in the market
- To strategically profile key players and comprehensively analyze their core competencies
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country or additional product type or type
Company Information
- Detailed analysis and profiles of additional market players (up to five)
Generating Response ...
Growth opportunities and latent adjacency in Mold Release Agents Market
Market size data, market trends, market size by application, market shares of major suppliers, year wise changes in market shares over 5 years in India