Mold Release Agents Market

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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Scope of the Report

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.

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