Chem-Trend (U.S.) is one of the key players in the global mold release agents market
The global mold release agents market is estimated to be worth USD 1.1 billion in 2014 and is projected to reach USD 1.5 billion by 2020, at a CAGR of 6.1% between 2015 and 2020. Key strategies such as new product development, expansion, and R&D are adopted by the major players to meet the demand of end users. The maximum developments took place in North America with the region holding 66.6% share of all the strategic developments undertaken from 2011 to 2015. North America is followed by Europe and Asia-Pacific with each region accounting for 16.7% share of all the strategic developments witnessed during the period.
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Major players operating in the global mold release agents market are Chem-Trend L. P. (U.S.), Michelman Inc. (U.S.), Cresset Chemical Company (U.S.), and MCGee Industries, Inc. (U.S.).
Chem-Trend L.P. (U.S.) is one of the leading mold release agents manufacturer in the world. The company accounted for the having maximum number of developments from 2011 to 2015, with a share of 33.3% of all the strategic developments undertaken. The company has made maximum developments in the North American region. Chem-Trend has been focusing on new product development, expansion, and R&D to maintain its leading position in the market. For instance, Chem-Trend L.P. introduced new water based release agent for the back foaming industry to improve molding processes. This development will promote the use of water based mold release agents in the back foaming industry.
Michelman Inc. (U.S.) is another major player in the global mold release agents market. The company accounted for 25% of all the strategic developments recorded during the period from 2011 to 2015. The company has been focusing on new product launches. In September 2015, Michelman Inc. (U.S.) launched two new environment friendly water based mold release agents designed, especially, for ceramic and metal molded parts. This new launch aims to attract more customers and capture additional market share.
This report provides a detailed analysis of the mold release agents market and segments the same on the basis of types, application, and geography. Based on application, the market has been segmented into die casting, rubber, concrete, plastic, paper, food processing, and others. Based on geography, the market has been segmented as North America, Europe, Asia-Pacific, and Rest of the World.
Rapidly growing automotive and construction industries expected to drive applications of mold release agents
The global mold release agents market is estimated at USD 1.1 billion in 2014 and is, projected to reach USD 1.5 billion by 2020, at a CAGR of 6.1% from 2015 to 2020.
The report analyses the mold release agents market with respect to type, application, and geography. The application segment is subdivided into die casting, rubber, concrete, plastic, paper, food processing, and others. The others segment include mining, electronics, medical, and customer goods. Die casting application is the leading segment, contributing over 26% to the overall mold release agents market in 2014. The food processing segment is in the initial stage of mass and long-term use of mold release agents for the production of processed food such as packaged food, fruits, vegetable, roasted groundnuts, coffee beans, and others.
Water based mold release agents accounts for the major market share in overall mold release agents market. Stringent government regulations restrict the use of solvent based release agents and, hence, are driving the market for water based release agents in 2014. Water based mold release agent is expected to dominate the market during the forecast period.
North America holds the biggest share of the global mold release agent market in 2014. Asia-Pacific is the fastest-growing region for mold release agents market. The presence of rapidly growing industries like automotive and construction is driving the market for mold release agents in Asia-Pacific region.
Some of the major players operating in the global mold release agents market are Chem-Trend L. P. (U.S.), Henkel AG & Co. KGaA (Germany), Wacker Chemie AG (Germany), Croda International Plc (U.K.), Michelman Inc. (U.S.), Cresset Chemical Company (U.S.), Daikin Industries (Japan), MCGee Industries, Inc. (U.S.), Marbocate (U.K.), Grignard LLC (U.S.), Chukyo Europe GmbH (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), REXCO (U.S.). Most of the companies have adopted new product development, expansion, and R&D as their development strategies to sustain in the global mold release agents market.
