(EnergyIndustry.Net, July 24, 2021 ) Increased use of mold release agents in various applications such as die-casting, rubber molding, PU molding, plastic molding, composite molding, and concrete is expected to boost the growth of the market. On the basis of product type, the mold release agents market has been segmented into water-based mold release agent, solvent-based mold release agent, and others. During the forecast period, water-based mold release agent is projected to lead the market in terms of value, owing to increased awareness about the use of environmentally friendly products. In addition its non-flammable properties increased its usage in the market.
The PU molding is projected to remain the largest segment among others in the mold release agents market during the forecast period. Applications such as furniture, bedding, automotive seating, interior spaces of automobiles, and footwear soles demand for PU molding and hence fuel the growth of mold release agents market.
APAC is expected to dominate the market, holding the largest share in mold release agents during the forecast period, in terms of value. The presence of major mold release agents players, such as TAG Chemical India Pvt. Ltd., Shin-Etsu Chemical Co., Ltd., and Daikin Industries Ltd., has lead the growth in the region. Furthermore, growth in die-casting, PU molding, rubber molding, plastic molding, composite molding, wood composite & panel pressing, and concrete applications in the region is increasing the demand for mold release agents.
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