Pune, India – The global release coatings market stands at US$ 189.9 million in 2023. Worldwide demand for release coatings is projected to reach a market value of US$ 312.25 million by the end of 2033, expanding at a CAGR of 5.1% over the assessment period (2023 to 2033) according to Fact.MR
Release coatings are based on silicone chemicals and are generally applied to plastic and paper substances. They work as release agents and allow adhesives for early release. Silicone is significantly used in coatings due to its improved adhesion and resistance to abrasion, moisture, and slip. In industrial processes, release coatings are used on paper, peel-of-stickers, and labels.
Rising demand and application of release coatings in different sectors, including food & bakery, hygiene, and labels are estimated to serve as crucial drivers for market growth. The emergence of digital label printing techniques and the requirement for water-based coatings are also boosting growth opportunities in the target market.
Sales of silicone-based release coatings are predicted to increase rapidly at a CAGR of 6.1% and reach a market value of US$ 246.7 million by the end of 2033.
Demand for release coatings in the United States is forecasted to rise at a CAGR of 5% and reach US$ 105.23 million by the end of 2033.
The medical industry is contributing to the increasing requirements for silicone as well as non-silicone release coatings. Moreover, the growing demand for silicone-based release coatings across different applications, including hygiene products, tapes & labels, etc., is generating lucrative opportunities for market players. End users of release coatings are looking for the customization of these products according to their requirements. Also, the development and production of PDMS (polydimethylsiloxane)-based release coatings are anticipated to offer excellent growth opportunities for industry players.
Fact.MR, a market research and competitive intelligence provider, in its recently published research report, provides a detailed analysis of market aspects. The report provides highly analytical insights about new developments, growth drivers, key trends, regional analysis, key limitations, industry players, and various other aspects to readers.
The Japan Export Government published a report on September 6, 2019. According to the report, the top United States imports from Japan are industrial machines, medical devices, pharmaceuticals, civilian aircraft and related parts, natural gas, etc.
Sales of release coatings are predicted to advance at a CAGR of 3.2% and reach a value of US$ 12.8 million by the end of 2033 in Japan. Release coatings are widely used to produce enteric coatings, tablet coating solutions, and others in pharmaceutical and medical sectors, which are further estimated to contribute to market growth.
Prominent suppliers of release coatings are concentrating on offering more user-friendly and effective coatings to target end users. They take efforts to attract trustworthy consumers. Industry players are incorporating various advanced production techniques, which help them to ensure product standards and product quality. The availability of effective supply chain management systems also ensures the safe and timely delivery of release coatings to respective end users.
Manufacturers of release coatings are strengthening their infrastructure and increasing investment capabilities to supply various silicone as well as non-silicone coatings.
For instance, In May 2020, Shin-Etsu Chemical Co. Ltd. developed a new technology to reduce the platinum amount, which is utilized in silicone-based release coatings. Key applications of these release coatings are labels, adhesive tapes, stickers, and release films. They are also used to manufacture process-release liners.
In November 2019, Wacker Chemie AG opened its new facility for silicon metal production in Holla, Norway. The company made an investment of US$ 111 million in this plant, which is one of the prominent plants across the globe.