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Mold Release Agents Market Size
- Report ID: GMI6457
- Published Date: Jul 2024
- Report Format: PDF
Mold Release Agents Market Size
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 |
|---|---|
| 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.
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Mold Release Agents Market Scope
