Global Mold Release Agents Market is Segmented By Product(Water-based Mold Release Agents, Solvent-based Mold Release Agents, Others), By Application(Die-Casting, PU Molding, Concrete, Rubber Molding, Plastic Molding, Wood Composites & Panel Pressing, Composite Molding, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Mold Release Agents Market Overview
The Global Mold Release Agents Market is estimated to reach at a high CAGR during the forecast period (2023-2030).
Most materials stick to mold surfaces if heated at high pressure and temperature when cast in molds because they are generally nasty and have some inherent fiction. Mold release agents protect mold surfaces from damaging compounds and quickly release parts from complex dies. Mold-release agents are typically electrostatically or pneumatically sprayed to reduce waste and create a uniform surface. Mold-release agents create a physical barrier and add mechanical strength to the molded parts. Using mold release agents significantly reduces the cycle time for each molding process. Mold release agents allow for the free flow and dispersion of filled polymers, improved surface finish, and reduced porosity.
Mold Release Agents Market Scope
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Metrics |
Details |
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Market CAGR |
High |
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Segments Covered |
By Product, By Application, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Mold-release agents work by adhering to the plastic and tool area. Certain fluoropolymers, for example, do not blend or dissolve well in polymer, but they have a strong affinity for the die or mold surface. Other mold-release agents’ dissolves in hot polymer but escape during the extrusion or molding process. Mold-release agents can serve multiple purposes. Some remain on the plastic surface and grease it. Others bring other additives with them as they move over the contour or surface of the portion. It is advantageous for surface-active additives like biocides and some UV stabilizers.
Mold Release Agents Market Dynamics
The rising use of mold release agents in different applications such as die-casting, rubber molding, PU Molding, plastic molding, composite molding, and concrete is expected to drive the market. Organic growth of end-use industries like automobile production and rapid increase in construction activities; advancements in molding release agent technologies; implementation of stringent regulations regarding safety and VOC emissions; and increasing usage of mold release agents in a wide range of applications are the significant factors driving mold release agent growth.
Increasing productivity from mold release agents
Mold-release agents reduce operational costs and time while increasing output by several magnitudes. Aside from that, mold release agents improve surface smoothness and eliminate porosity. Mold-release agents can also help mold last longer.
Complex dies necessitate more release agents to ensure uniform cooling and proper part release in sculpting and casting applications. Aside from that, mold release agents improve surface finish and eliminate the problem of porosity. To increase the mold's lifespan, mold release agents can also be employed.
Growing construction and automotive industries
The growing construction and automotive sectors and increased demand for mold release agents from various application areas are driving the market. The rapidly rising use of mold release agents in numerous applications, including die-casting, rubber molding, PU Molding, plastic molding, composite molding, and concrete, is projected to boost the market.
Molds are designed to achieve maximum throughput in single castings and molding cycles to increase molded parts assembly productivity. As a result, heavier weights are injected into more extensive and complex molds. Complex dies need more release agents for uniform cooling and proper component release in sculpting and casting applications.
Easy availability of alternatives and volatility in raw material price
One of the significant difficulties in the global market for mold release agents is the accessible variety of accessible non-stick coatings that offer a higher surface polish and minimize porosity. The government has established strict regulations on the emission of dangerous, volatile organic compounds, placing pressure on producers to use alternative release agents.
Another issue limiting the market growth for mold release agents is the volatility of raw material costs, which significantly impacts manufacturers' and distributors' profit margins.
COVID-19 Impact on Mold Release Agents Market
The COVID-19 pandemic has harmed most industries worldwide, including the global mold release agents market. With the automotive sector being hit hard by the pandemic due to trade restrictions and lockdowns, the market of mold release agents is expected to be hampered soon.
Manufacturers will strengthen their global supply systems to meet robust demand for mold release agents. Strong demand for industrial equipment and automotive components will lead to market expansion in the upcoming years.
Mold Release Agents Market Segmentation Analysis
By product, the mold release agents market is segmented into water-based mold release agents, solvent-based mold release agents, and others.
Environmental friendliness and low VOC emissions of water-based mold release agents
The market for water-based mold release agents is currently dominated and is expected to remain so in the foreseeable future. Environmentally friendly products are becoming more popular, driving up demand. Furthermore, water-based mold release agents are non-flammable, increasing their popularity.
Water-based mold release agents have numerous applications in die casting and limit the adhesion of molding surfaces to substrates. Furthermore, these release agents have low VOC emissions and allow mold to be cooled due to the high evaporation rate of water, which aids in thermal management.
Mold Release Agents Market Geographical Share
The growing end-use industries in Asia-Pacific
Asia-Pacific is expected to have the fastest growth in mold release agents during the forecast period. The market benefits from different mold release agent companies, such as Shin-Etsu Chemical Co., Ltd., Daikin Industries Ltd., TAG Chemical India Pvt. Ltd., and Shin-Etsu Chemical Co., Ltd. Furthermore, the region's growth in die-casting, PU Molding, rubber molding, plastic molding, composite molding, wood composite & panel pressing, and concrete applications is driving the demand for mold release agents.
China and India will continue to drive regional demand for mold release agents in the coming years. Organic growth in end-use industries and increased mold release agents primarily drive the region's mold release agents market. With China as a significant player in the market, the rapid growth of end-use industries such as construction, machinery, automotive, grew PU, die-casting, rubber, plastic, composite, concrete, consumer durables and wood is propelling the mold release agents market in Asia-Pacific.
Mold Release Agents Companies and Competitive Landscape
Mold-release agents are a competitive market with several players. Mergers, acquisitions, collaboration, partnerships, and innovation are expected to prioritize significant firms. Henkel AG & Co. KGaA (Germany) focuses on new product launches to stay competitive in the mold release agents market. Its strong supply chain and distribution network gives it a competitive advantage. Bonderite L-CA CP release agents were introduced for high-pressure die-casting powertrain and structural parts.
Shin-Etsu Chemical Co., Ltd. increased its production capacity in October 2018 by investing USD 990 million in its silicone business in Japan and globally. The expansion aided the company in broadening its product offering, which now includes silicone monomers and end products.
Croda International Plc opened its Innovation & Customer Experience Centre and Speciality Polymer Plant in Campinas (State of So Paulo), Brazil, in September 2018. Croda's R&D in the region has been strengthened due to this expansion, including the Performance Technologies sector and its Coatings & Polymers, Polymer Additives, Home Care & Water, and Lubricants divisions.
Michelman, Inc. inaugurated the Michelman Sustainability Center (MSC) in China in January 2018. The new China-based center is part of Michelman's aggressive Asia-Pacific growth strategy.
Chem-Trend L.P. introduced Zyvax 1070W, a water-based, silicone-free mold release agent used for molding composite materials for aircraft, in October 2017.
Key companies operating in the global mold release agents market include LANXESS Group, Chem-Trend L.P., Henkel Ag & Co. KGaA, Croda International PLC, Shin-Etsu Chemical Co., Ltd., Daikin Industries, Ltd., Michelman, Inc., Marbocote Limited, Abrasive Supply Company, Inc. and Miller-Stephenson, Inc.
Chem-Trend L.P.
Overview: It began modestly. Peer Lorentzen, a chemical engineer, and his wife Birgit, a chemist, experimented with the development of release agents for polyurethane foam in their kitchen. Best-in-class acquisitions also aided the company's growth: GreenChem. PERMA-MOLD®, The Pura®, Chemlease®. Zyvax®. Huron Technology. Ultra PurgeTM is its product line. The company's portfolio covers many high-performance release agents and related processing aids used in die casting, polyurethane, rubber, tire, composites, thermoplastics, and wood composite industries.
It has offices and production facilities across North America, South America, Asia, and Europe. They provide a wide range of release agents for various industrial applications. Chem-specialty Trend's release agents provide compounders with distinct advantages such as increased productivity, lower scrap rates, and improved component quality. Other benefits include low-to-no VOC emissions, cleaner molds, optimized cycle time, and material flow promotion.
Product Portfolio: The company offers various conventional (use-every-cycle) mold release agents. They are water-based or solvent-based, ready-to-use or dilutable depending on the application, suitable for multiple types of spray equipment, capable of "tailored" dilution rates depending on the application and amount of slip required, excellent for molded parts with highly complex geometry and deficient in in-mold buildup/mold fouling.
Key Development: Chem-Trend L.P. expands its mold release agents business by introducing new products, expanding R&D capabilities, and acquiring smaller companies. Chem-Trend purchased the release agents business of Rubio Trading & Consulting SRL, its distribution partner (Romania). The acquisition aided the company in establishing a solid foothold in the market for mold release agents in Eastern Europe. It also bought Huron Technologies, Inc., making mold release agents and other products for molding applications.
