Mold Release Agents Market- Rapidly Growing from Automotive and Construction Industries

Mold Release Agents are a type of chemical used to prevent material from sticking to the surface of a mold. It is used in many industries such as automotive, aerospace, consumer products and food processing. The demand for Mold Release Agents is increasing due to its ability to reduce costs and improve production efficiency. In addition, its usage in various industries makes it an attractive option for companies looking for ways to increase their productivity. This article will discuss the uses and demand of Mold Release Agents and how they can help businesses achieve their goals. The global Mold release agents market size is projected to reach USD 2.6 billion by 2027 from USD 2.0 billion in 2022 growing at a CAGR of 5.7%.

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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.

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.

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 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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China dominates the Asia Pacific region, which is the world's largest market for mould releasing agents. The Asia Pacific region has a sizable industrial sector, which contributes to the region's high need for mould releasing agents. Due to the region's expanding economy and accelerated urbanisation, mould release agents are in high demand in the Asia Pacific region in sectors like PU, die-casting, rubber, plastic, composite, concrete, consumer durables, and wood, among others. The demand for materials like wooden panels, iron & steel, PU foams, cement & concrete, and consumer durables is predicted to increase due to rapid urbanisation and the growing need for homes, businesses, furniture, consumer goods, and automobiles. This demand is then predicted to increase the need for mould release agents.

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.