Mold Release Agents Market - By Type (Water-Based, Solvent-Based, Semi-Permanent, Permanently Bonded), By Material (Polyurethane, Rubber, Plastic, Composite), By Application & Forecast, 2023 - 2032

Mold Release Agents Market - By Type (Water-Based, Solvent-Based, Semi-Permanent, Permanently Bonded), By Material (Polyurethane, Rubber, Plastic, Composite), By Application & Forecast, 2023 - 2032

Mold Release Agents Market size is anticipated to witness 5.5% CAGR from 2023 to 2032, driven by the rapidly expanding plastic sector worldwide along with benefits of versatility and cost-effectiveness in wide range of applications. Mold release agents play pivotal role in plastic molding processes for ensuring the easy removal of plastic components from molds while preserving their quality. As per research published in March 2022 by Earth Day Org., 9.1 billion U.S. tons of plastic has been manufactured since the introduction of plastic. With the demand for plastic products continuing to surge in sectors, such as automotive, packaging, and consumer goods, the market may witness steady growth.

The overall mold release agents market is categorized into type, material, application, and region.

Based on type, the solvent-based mold release agents industry is foreseen to gain significant traction between 2023 and 2032. Solvent-based mold release agents containing VOCs are highly preferred for their effectiveness in various industries as they offer quick and reliable releasing capabilities, especially for complex parts. The increasing environmental regulations and the surging demand for more eco-friendly alternatives for the development of low-VOC and environmentally friendly solvent-based options will also contribute to the market growth.

In terms of application, the wood composite & panel pressing segment accounted for considerable revenue share of the mold release agents market in 2022 and is estimated to witness robust growth through 2032. This is attributed to the widespread application of wood composite and panel pressing processes in the furniture and construction industries to meet the requirements of efficient release agents to ensure the easy removal of wooden components from molds and presses. Additionally, the rising demand for eco-friendly and cost-effective wood composite materials will drive the segment expansion.

Regionally, Europe mold release agents industry is projected to witness steady growth through 2032. The presence of stringent environmental regulations in the region that have spurred the development and adoption of eco-friendly mold release agents. Moreover, the booming automotive as well as well-established aerospace and construction verticals will largely contribute to the market growth.