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Mold Release Agents Market Size

Report ID: GMI6457
Published Date: Aug 2023
Report Format: PDF

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Mold Release Agents Market Size

Mold Release Agents Market size was valued at around USD 2.2 billion in 2023 and will grow at a CAGR of 5.4% from 2024 to 2032. The primary function of mold release agents is to facilitate the easy release of molded parts from the mold surface. They help prevent adhesion or sticking of the molded material to the mold, ensuring smooth and efficient demoulding. Mold release agents contribute to faster and more efficient production cycles by reducing the time and effort required for demoulding. This leads to increased productivity in manufacturing processes.

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The use of mold release agents can lead to cost savings by reducing scrap rates and minimizing the need for mold maintenance or repairs caused by excessive sticking or mold fouling.

Mold Release Agents Market Report Attributes
Report Attribute	Details
Base Year:	2023
Mold Release Agents Market Size in 2023:	USD 2.2 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	5.4%
2032 Value Projection:	USD 3.6 Billion
Historical Data for:	2018 to 2023
No. of Pages:	150
Tables, Charts & Figures:	191
Segments covered:	Type, Material, Application, Region
Growth Drivers:	Increasing industrial activities Increasing construction activities Rapid urbanisation
Pitfalls & Challenges:	Product Compatibility Residue and Contamination Environmental Concerns

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Choosing the right mold release agent that is compatible with the specific molding material and mold surface is crucial. Incompatibility can lead to poor mold release, reduced product quality, or surface defects. In some cases, mold release agents may leave residues on the molded parts, affecting surface finish and adhesion of coatings or adhesives if further processing is required. The mold release agents market must navigate complex regulations related to chemical safety, environmental protection, and workplace safety. Thus, the risks associated with Mold release agents may drive down the acceptance rate, further hampering the business growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for mold release agents was worth USD 2.2 billion in 2023 and is projected to reach USD 3.6 billion by 2032, driven by increasing need for productivity in manufacturing processes worldwide.

Water-based mold release agents size was valued at USD 0.7 billion in 2022 and is expected to witness high demand through 2032 owing to rising number of regulations restricting the use of solvent-based agents with higher VOC emissions.

U.S. mold release agents industry recorded USD 0.5 billion in 2022 and is anticipated to witness significant growth through 2032 due to growing presence of well-established manufacturing sector in the region.

Some of the top mold release agents companies are Chem-Trend L.P., Henkel Corporation, LORD Corporation, Wacker Chemie AG, Croda International Plc, Daikin Industries, Ltd., Shin-Etsu Chemical Co., Ltd., REXCO, Grignard Company, LLC, Michelman, Inc., and Zyvax, Inc.