India Mould Release Agents Market, by Product Type (Water-Based, Solvent-Based), Application (Die-Casting, Rubber Molding, Plastic Molding, PU Molding, Concrete, Wood Composite & Panel Pressing, Composite Molding); Trend Analysis, Market Competition Scenario Share & Forecast, 2016-2026
- Published Date: August 2020
- Report ID: BWC20113
- Available Format: PDF
- Page: 0
India Mould Release Agents Market – Market Outlook & Trends
The development of the construction segment in India is one of the main points increasing the demand for mould release agents, owing to its necessity in concrete brick formation. With the increasing savings and government initiatives in the sector, the demand for concrete bricks is likely to increase, thereby enhancing the demand for mould release agents in India.
Industrial electronic is another primary sector using mould release agents. Growing requests for electronic products reflected by increasing disposable incomes are expected to fuel the development of the sector. Besides, foreign players are proposing to make investments in India for R&D and manufacture of electronics owing to the accessibility of low-cost workforce. It, in turn, is likely to surge the request for mould release agents due to its necessity in industrial electronic components such as white interiors of goods, electronic machine covers, many consumer goods, and numerous other products.
The change towards water-based mould release agents over solvent-based mould release agents is the primary trend witnessed in the market in the current years. Water-based mould release agents do not contain harmful chemicals or any solvents that cause harm to the environment or humans. In contrast, solvent-based mould release agents contain a high proportion of volatile organic compounds (VOCs), such as propane, N-butane, isopropyl alcohol. Therefore, several end-users have inclined toward water-based release agents, offering traction to their request in the market.
India Mould Release Agents Market – Overview
Mould release agents refer to the substance extensively used for preventing the other uptight objects from being trapped or bonded to the surface. They can be quickly cooled and transferred directly into mould hollows, also known as external release agents. Moreover, they can even be deployed in conjunction with the polymer, also known as the internal release agent.
Mould release agents usually come in a dry form such as stearates, lecithin, silicone, or clay. Most of this dust is somewhat hydrophobic and tend to be hard to disseminate. It, in turn, might cause numerous glitches, especially for the builders of mould release agents. The first uses of mould release agents include rubber, die-casting, food processing, plastics, concrete, paper, and others. The die casting end-user application section in the global mould release agents market accounts for the highest share currently due to its large-scale use in ever-increasing construction and automotive industries across the sphere.
Shift towards Water-based Mould Release Agents over Solvent-based Mould Release Agents
Water-based mould release agents do not comprise any damaging chemicals or any solvents that can be a threat to the environment or humans. However, solvent-based mould release agents contain a high level of volatile organic compounds (VOCs), such as propane, N-butane, isopropyl alcohol. Hence, several end-users are shifting their taste toward water-based release agents, enhancing their demand in the market.
Increased Use in Many End-Use Industries
The accelerated growth in the use of mould release agents in some end-use industries such as food processing, construction, automotive, and manufacturing amongst others, is one of the main elements contributing to the development of this market. The use of mould release agents is essential in some applications, for instance, die-casting. The global automotive sector is considered one of the primary end-users of die casting products, and its fast growth is directly proportional to the rising demand of mould release agents in this segment.
Growing Demand for Die-casting for the Manufacturing of Automotive Components
The second major contributor to the Indian mould release agents market is the soaring demand for die casting in the manufacturing of automotive components. These agents are used in the die casting process to evade the adhesion of the constituents to the mould. The various parts of automobiles, such as valve covers, carburetors, wheels, cylinder heads, engine parts, handlebars, and the die casting process, pistons need these agents in their manufacturing process. Growing automobile production and the rising adoption of electric vehicles, lead to the growing application for mould release agents.
India Mould Release Agents Market: Segmentation
Water-based mould release agents dominated the market based on type. Water-based mould release agents comprise an insignificant concentration of VOCs, mutagens, and carcinogens opposed to solvent-based mould release agents. Stringent guidelines for VOC emissions are likely to be implemented in the coming years due to rising environmental concerns. It, in turn, is likely to affect the market of water-based mould release agents favorably.
Based on application, polyurethane processing dominated the market with a substantial share of 24.6% in 2018. It is ascribed to the massive volumetric demand for polyurethane-based constituents from industries such as automotive, footwear, and construction. With the growth of these sectors in the country, the demand for polyurethane-based products is likely to increase, thereby creating an enormous demand for mould release agents owing to its ability to stop adhesion of products to their moulds and allow continuous freedom.
The concrete segment is predicted to witness the most robust growth during the prediction period as an outcome of the universal adoption of concrete bricks for the construction of high-rise housing and commercial buildings in the country.
The major players in this market are Fosroc International Ltd., Chem-Trend L.P., TAG Chemicals GmbH, Dow Inc., Wacker Chemie AG, BASF SE, Lanxess AG, ITW Chemin, Chem-Verse Consultants (India) Private Limited, Technomark, BuildCore Chemicals, and 3M India Ltd. and others.
In January 2018, Michelman, Inc. unwrapped Michelman Sustainability Center (MSC) in China. The new China-based center is part of Michelman’s aggressive development plan in the APAC region.
Ø Rubber Molding
Ø Plastic Molding
Ø PU Molding
Ø Wood Composite & Panel Pressing
Ø Composite Molding
The objective of the Study:
Ø To analyze and forecast the India Mould Release Agents Market size of the market in terms of value.
Ø To examine the market segmentation and estimate the market size, in terms of value, based on the region by segmenting.
Ø To outline, categorize, and project the India Mould Release Agents Market based on the Type and Application.
Ø To examine competitive developments like by Type, By Application within the India Mould Release Agents Market.
Ø To highlight the impact analysis of the factors affecting the market dynamics such as growth drivers.
Ø To provide a detailed competitive landscape, including major players, strategic profiles, and market shares.
Business Questions Answered by the Report
Ø How will the market drivers, restraints, and opportunities affect the market dynamics?
Ø What will be the market size in terms of value and volume and market statistics with a detailed classification?
Ø Which segment dominates the market or region, and which one will be the fastest-growing, and why?
Ø Who are the key players in the market, and what is their share?
Ø What is the strategy adopted by key players, and how does it affect the existing and new players?
Customization Scope for the Client
Client satisfaction is our first and last priority, and that is why BlueWeave Consulting offers customization as per client’s specific needs. The following customization options are available for the report:
Ø Additional Company Information
Ø Detail Analysis of five additional companies
Ø Additional country analysis
Ø Detailed segment analysis
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