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The Mold Release Agents Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Mold Release Agents is the increasing demand for Mold Release Agents in various industries.
This report on the Mold Release Agents Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Mold Release Agents Market. The report intends to present a thorough analysis of the Mold Release Agents Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Mold Release Agents Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Mold Release Agents Market are-
Chem-Trend L. P.
Wacker Chemie AG
Daikin Industries Ltd.
Dow Corning
Henkel AG & Co.KGAA
Momentive Performance Materials
Growth drivers and Market Value:
This report, from Stratview Research, studies the Mold Release Agents Market value and growth drivers over the trend period of 2018-23. According to the report -
The mold release agents market offers healthy growth opportunities for the entire ecosystem of the market. The global mold release agents market is projected to grow at a healthy CAGR of 5.7% during the forecast period. Organic growth of end-use industries, such as automobile production and rapid increase in construction activities; advancements in the molding release agents’ 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 that are proliferating the growth of mold release agents.
Segment Analysis:
Based on Type:
The mold release agents market is segmented on the basis of the type as Water-based, Solvent-based, and Others. The water-based mold release agents segment currently dominates the market and is expected to maintain its dominance in the foreseen future. Water-based mold release agents find a wide array of applications in die casting and they also restrict the adhesion of molding surfaces to substrates. Furthermore, these release agents offer the benefits of environmental-friendliness and low VOC emissions. Solvent-base mold release agents have continuous been losing the share to water-based ones, owing to the growing stringent regulations during the forecast period.
Based on Region:
Based on the regions, 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 mold release agents market. The market entry of local/regional players and capacity expansion of existing players are strengthening the supply chain of the region’s market.
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