For better productivity, molded parts are designed the way they are, to achieve high throughput in molding cycle and single castings. This has prompted instillation of more weights in complex and larger molds, which require higher number of release agents for even cooling and effective release of parts in casting and sculpting applications. In short, the escalating utilization of mold release agents in sculpting and casting application can be a huge catalyst for the market growth in the years ahead.
Mold release agents Market enjoy strong demand as they help bring down the operational time and cost, while significantly boosting the output. Apart from this, these agents offer better surface finish and also curb the issue associated with porosity. Their use also helps improve the mold life. Experts believe that these appealing properties are expected to bolster the demand for mold release agents across a slew of end-use industries in the upcoming years. The mold release agents market can however, face a roadblock in the form of unstable raw material prices, which could discourage distributors and manufacturers with relatively lower budgets.
On the brighter side, the surge in environmental regulations to control the growing carbon emission has forced manufacturers to come up with eco-friendly mold release agents. Manufacturers are also focusing on developing mold release agents that cater to tailor specific and diversified applications. This development bolsters the scope for improvement, in terms of efficiency. In this regard, companies are allocating substantial funds to carry out intensive RD for development of products with enhanced features.
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Market Segmentation:
Mold release agent industry has been segmented with regard to type, product and application.
The key types of mold release agents in the worldwide market are solvent-based, water-based, and more.
Product-based categories discussed in the report are semi-permanent, external, internal, and others.
Some significant applications of mold release agent are polyurethane molding, composite molding, rubber molding, concrete, wood composite, plastic molding, food processing, die-casting, and others.
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Regional Analysis:
The extensive regional study of the global market covers Asia Pacific/APAC, Latin America, North America, MEA/Middle East Africa and Europe.
The APAC market emerged as the most successful market in 2018 and is presumed to record the highest growth rate over the assessment period. The impressive market growth has been the result of the rapidly growing construction, automotive and rubber industries that are the key end-users of mold release agents. The availability of abundant yet low priced raw materials in the region also contributes immensely to the market growth. China is the biggest gainer in the region, based on the expansive consumer base and the presence of thriving metal fabrication and die-casting industries. On the other hand, India, South Korea, Japan, along with several countries in South Asia like Thailand, Malaysia and Indonesia are gearing up to be lucrative markets as well, taking into account the relentless expansion of the industrial base in these countries.
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