Mold Release Agents Market Size to Grow by $ 455.58 mn through 2020-2024
The mold release agents market is expected to grow by $ 455.58 mn, accelerating at a CAGR of almost 6% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View Free Sample Report
Mold Release Agents Market: Segmentation by Type
This report provides a detailed analysis of the market by Type (Water-based and Solvent-based), Geography (APAC, North America, Europe, MEA, and South America), and Application (Die casting, Rubber, Concrete, Plastics, and Others). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Mold Release Agents Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ASK Chemicals GmbH, Chem-Trend LP, Chukyo Yushi Co. Ltd., Croda International Plc, Daikin Industries Ltd., Dow Inc., Henkel AG & Co. KGaA, Parker Hannifin Corp., Shin-Etsu Chemical Co. Ltd., and Wacker Chemie AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Mold Release Agents Market: Segmentation by Type
During 2019, the segment_title1 segment accounted for the major share of the Mold Release Agents Market. Water-based mold release agents are less toxic, environment-friendly, and safer than solvent-based ones. These mold release agents rely on water as the primary component. The market growth of water-based release agents is due to the decrease in VOC content in release agents. The market for these mold release agents is expected to grow due to the fact that VOC emissions can be reduced by more than 75% by replacing solvent-based mold release agents with water-based ones.
Mold Release Agents Market: Segmentation by Geography
APAC was the largest Mold Release Agents Market market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The need for energy-efficient buildings and the increased consumption of release agents in the growing automotive and construction industries will significantly drive mold release agents market growth in this region. China and India are the key markets for mold release agents in APAC. Market growth in this region will be faster than the growth of the market in other regions.
.Mold Release Agents Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ASK Chemicals GmbH, Chem-Trend LP and Chukyo Yushi Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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