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Mold Release Agents Market size was valued at over USD 2.3 billion in 2023 and is set to record 8.6% CAGR over 2024-2032 driven by expanding demand in the automotive and aerospace industries.
These features are critical for complex components made of materials, such as plastics, rubber, alloys as they ensure that parts are removed from molds safely and cleanly without damage. The increasing preference for lightweight and high-performance materials in the automotive and aerospace industries is necessitating advanced mold removal systems to improve manufacturing efficiency. The shift towards automation and high-volume production processes will further propel the demand for effective mold release agents.
Report Attribute | Details |
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Base Year: | 2023 |
Mold Release Agents Market Size in 2023: | USD 2.34 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 8.6% |
2032 Value Projection: | USD 4.82 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 295 |
Tables, Charts & Figures: | 225 |
Segments covered: | Type, Material, Application |
Growth Drivers: |
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Pitfalls & Challenges: |
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In the construction industry, mold release agents are significantly used in the production of concrete and other building materials to prevent sticking and ensure smooth surfaces. Rising infrastructure, especially in emerging economies, is also increasing the product demand. To cite an example, in March 2024, Cold Jet launched a dry ice cleaning technology to offer composite manufacturers various solutions for cleaning tooling, surfaces, and preparing parts for painting or bonding. The advancements of mold removal technologies, such as the development of eco- friendly waterproofing products is further gaining momentum due to rising regulatory pressure and consumer demand for sustainable products.
However, environmental and health concerns associated with certain chemical components, including volatile organic compounds (VOCs), which are increasingly subject to stringent regulations, may deter the product uptake. Compliance with these regulations requires significant investment in the development and validation of eco- friendly alternatives, which can be expensive and demand extensive R&D activities. The high cost of advanced mold releases, especially those designed to be eco- friendly or highly specialized, can also be prohibitive for small and medium-sized businesses.
The development and adoption of eco- friendly and sustainable products will favor the market growth. Manufacturers are increasingly focusing on water-resistant mold release to meet stringent environmental regulations and the growing consumer demand for eco-friendly solutions dealing with surroundings. For instance, in May 2024, Wetwall introduced the Pro Plus Collection for commercial projects for providing efficiency, durability, and aesthetic appeal for large-scale spaces. There is also an increasing trend of features that enhance mold efficiency, such as reducing multiple stops per application and improving mold finish. Innovations in nanotechnology are enabling the development of corrosion-releasing materials with improved properties like thermal stability and low residue.
Based on type, the industry value from the solvent-based segment recorded more than USD 795.7 million in 2023 and will generate over USD 1.6 billion by 2032 due to its effectiveness in achieving excellent mold release properties across a wide range of materials and applications. Solvents providing firm adhesion to the mold surface offer a smooth coating and even release of the mold, which is essential for the manufacture of complex or sophisticated molds. They also provide quick drying times, resulting in faster processes and increased efficiency in manufacturing.
Based on application, the mold release agents market value from the plastic segment will reach over USD 2.1 billion by 2032. This is due to the increasing demand for molded plastic components across various industries, such as automotive, electronics, and packaging. Mold extraction systems are essential in plastic molds to ensure that the parts from the mold can be removed efficiently and without damage or defects for increasing productivity. With the demand for lightweight and durable plastic products rising, manufacturers are increasingly relying on efficient mold release agents to improve production efficiency and reduce downtime.
North America mold release agents market size was valued at over USD 691.6 Million in 2023 and is expected to reach over USD 1.3 billion by 2032. The growth can be attributed to the robust manufacturing base, particularly in automotive and aerospace industries, where mold release agents are important for producing high-quality components efficiently. The influx of stringent regulations is also encouraging the use of advanced eco- friendly chemicals that meet safety and environmental standards to provide market demand for maximizing eco- friendly mold removal solutions.
Leading mold release firms are focusing on continuous R&D activities to innovate and improve product formulations, particularly emphasizing eco- friendly and high-performance solutions. Strategic collaboration with key industry stakeholders is helping them to expand their market reach and customer base. These companies are also investing on enhancing manufacturing and distribution to ensure better supply chain management and customer service.
Major players operating in the mold release agents industry include:
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The above information is provided for the following regions and countries:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa