The release agents from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Release Agents Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The release agents market size has grown strongly in recent years. It will grow from $1 billion in 2023 to $1.06 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to automotive industry growth, construction boom, food processing industry expansion, advancements in chemical formulations, industrial automation and efficiency, and environmental regulations.
The release agents market size is expected to see strong growth in the next few years. It will grow to $1.31 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to pharmaceutical industry growth, biotechnology advancements, regulatory changes, aging population, chronic disease prevalence, and patent expirations. Major trends in the forecast period include increased demand for natural ingredients, growing emphasis on health and wellness, the rise of clean-label products, technological advancements in formulations, and a focus on convenience and efficiency.
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Scope Of Release Agents Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Release Agents Market Overview
Market Drivers –
The rise in the bakery and confectionery industries is expected to propel the growth of the release agents market going forward. The bakery and confectionery industries encompass the production and sale of baked goods, such as bread, pastries, cakes, candies, and other sweet treats. The expansion of the food service industry, including cafes, restaurants, and quick-service restaurants, has increased demand for bakery and confectionery products. Release agents are commonly employed in bakery operations to prevent baked goods from sticking to baking surfaces, facilitating easy removal and maintaining product integrity. For instance, in February 2024, according to the Government of Canada, a Canada-based body responsible for the federal administration, the retail sales of baked goods in the United States (U.S.) saw a compound annual growth rate (CAGR) of 5.9%, reaching US$82.9 billion in 2022, with projections indicating a CAGR of 3.1% from 2023 to 2027, with an anticipated value of US$97.7 billion by 2026. Therefore, the rise in the bakery and confectionery industries is driving the growth of the release agents market.
Market Trends –
Major companies operating in the release agent market are increasing their focus on developing innovative solutions, such as water-based release agents, to gain a competitive edge in the market. Water-based release agents are substances used in various industrial processes, particularly molding and casting operations, to prevent the adhesion of materials to molds or equipment surfaces. For instance, in January 2021, Chem-Trend, a US-based chemical company, launched Chemlease 2754W, a new sustainable release agent. This is a semi-permanent, water-based release agent designed for composite molding of various thermosets, including polyester, vinyl ester, epoxy, and phenolic resins in bulk molding compound (BMC), sheet molding compound (SMC), prepreg, and cast form. It offers minimal transfer of release agent and high-temperature stability and can be used for multiple releases. Chemlease 2754W can be applied to molds with varying temperatures, and there’s no need to let the mold cool down, as is often required with other release agents.
The release agents market covered in this report is segmented –
1) By Product: Emulsifiers, Vegetable Oils, Antioxidants, Wax And Wax Esters
2) By Form: Liquid, Solid
3) By Sales Channel: Direct Sales And Wholesalers, Independent Grocery Retailer, Non-Store Retailers, Other Sales Channels
4) By Application: Bakery, Confectionery, Processed Meat, Convenience Food, Other Applications
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Regional Insights –
North America was the largest region in the release agents market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the release agents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the release agents market are BASF SE, DuPont de Nemours Inc., Daikin Industries, Henkel AG, Shin-Etsu Chemical Co. Ltd., Evonik Industries AG, AkzoNobel N.V., Wacker Chemie AG, Clariant AG, Croda International plc, Lord Corporation, Momentive Performance Materials, Michelman Inc., Chem-Trend L.P., Stoner Inc., AFT Fluorotec Ltd, MÜNZING Chemie GmbH, Rexco, Axel Plastics Research Laboratories Inc., Miller-Stephenson Chemical Co., McLube, Franklynn Industries Limited, Münch Chemie International GmbH, Marbo America Inc, Cresset Chemical Co
Table of Contents
1. Executive Summary
2. Release Agents Market Characteristics
3. Release Agents Market Trends And Strategies
4. Release Agents Market – Macro Economic Scenario
5. Global Release Agents Market Size and Growth
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32. Global Release Agents Market Competitive Benchmarking
33. Global Release Agents Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Release Agents Market
35. Release Agents Market Future Outlook and Potential Analysis
36. Appendix
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