Global mold release agents market forecast at $2.7 billion by 2027

Dublin, Ireland – The global mold release agents market will grow to USD 2.6 Billion by 2027, at a CAGR of 5.7% from USD 2.0 Billion in 2022 according to Research and Marketing.

Water-based mold release agents type is projected to be the fastest-growing type of mold release agents market during the forecast period

The water-based mold release agents segment is projected to lead the mold release agents market, in terms of both value and volume, during the forecast period. The larger share is mainly because water-based mold release agents are free of chemicals and VOCs, which make them environmentally friendly. In addition, they are non-flammable and can be diluted easily, enabling shipment in concentrated form. Furthermore, the dominance of water-based mold release agents in the market is expected to continue in the next five years due to the stringent policies and regulations on the use of solvent-based mold release agents.

Die-casting application is estimated to be the largest application in mold release agents market, in terms of value, in 2021

The die-casting application segment dominated the global mold release agents market, accounted for the largest share, in terms of value, in 2021. This is due to huge demand for metals such as aluminum, zinc, and magnesium, globally. Die-casting is used to manufacture small parts made from lower melting metals and alloys such as zinc to casting of very large parts, such as engine blocks. It is a technology used in a variety of fields such as automobile, marine, the aerospace industries, home appliances, office equipment, industrial machinery, and building hardware.

Europe is estimated to be the second-largest mold release agents market, in terms of value, in 2021

Europe is the second-largest market for mold release agents. Germany leads the mold release agents market in the region due to its strong industrial sector. The European industrial segment is diversifying, and the complexities are increasing with the changing demand. The mold release agents market is fragmented in this region. A large number of players including Henkel Ag & Co. KGaA (Germany), Croda International Plc (UK), Chukyo Europe GmbH (Germany), and Marbocote Limited (UK) are headquartered in Europe which drives the demand for mold release agents.