CHICAGO, Nov. 4, 2022 /PRNewswire/ -- According to the new market research report "Mold Release Agents Market by Product Type (Water-based, Solvent-based), Application (Die-casting, Rubber Molding, Plastic Molding, PU Molding, Concrete, Wood Composite & Panel Pressing, Composite Molding), and Region- Global Forecast to 2027", will grow to USD 2.6 billion by 2027, at a CAGR of 5.7% from USD 2.0 billion in 2022
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According to the Rubber Manufacturers Association, "Mold release agents are film forming lubricating oils, solid lubricants, waxes, or fluids that prevent materials from sticking to an underlying surface". Mold release agents are composed of various materials such as wax or stearate; silicones; petroleum or mineral oil; molybdenum or metal sulfide; graphite; fluoropolymer or polytetrafluoroethylene (PTFE); and ester or diester among other materials. Application of mold release agents causes easy, clean, and smooth separation of two surfaces. While selecting mold release agents, some factors are taken into consideration, such as mold material, cycle time, secondary finishing, temperature, and pressure.
Solvent-based mold release agents is the second-largest mold release agents material of mold release agents market.
Solvent-based mold release agents are diluted in an appropriate amount of petroleum solvent and then applied to the mold surface with the help of spray, brush, or a cloth. Solvent-based mold release agents have simpler technology and therefore are easy to manufacture and apply. They have a higher evaporation rate when compared to water-based mold release agents and thus facilitate film formation and get adjusted on the mold very easily. They can be used for molding of rubber, silicone, plastic, metal casting, composite parts, and others.
PU molding is projected to be the fastest-growing application of the mold release agents market, in terms of value, during the forecast period.
PU are made by the exothermic reactions between alcohols with hydroxyl (-OH) groups and isocyanates. A broad spectrum of materials can be produced to meet the needs of specific applications in PU because a wide variety of isocyanates and polyols are used to produce PU. There are different types of finished products made from PU. This includes foam for seating and furniture, insulation backing foams, visco-elastic PU products, rigid foams for insulation and refrigeration panels, dual & single density shoe soles, and cast elastomers among other products.
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South America is projected to be the second fastest growing market for mold release agents during the forecast period
The mold release agents market in South America includes Brazil, Argentina, and Rest of South American countries. South America is an emerging market, as its economy is growing rapidly. The region offers significant growth opportunities for the mold release agents' manufacturers due to the favorable demographic trends including low cost of production, rising income of the middle class, and growth in the construction industry. The continuous investments in the construction, transportation, and automotive industries have led to economic growth in South America. The growing demand from rubber and PU molded products is also expected to drive the market for mold release agents in South America.
The key market players profiled in the report include Freudenberg Group (Germany), Henkel AG & Co. KGaA (Germany), Croda International Plc (UK), LANXESS AG (Germany), Shin-Etsu Chemical Co. Ltd. (Japan), Daikin Industries, Ltd. (Japan), Michelman, Inc. (US), Marbocote Ltd (UK), Mcgee Industries, Inc. (US), Miller-Stphenson, Inc. (US), and others.
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