Global Mold Release Agent Market

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Global Mold Release Agent Market

Description:

Global Mold Release Agent Market was valued US$ 1.48 Bn in 2017 and is expected to reach US$ 2.6 Bn by 2026, at CAGR of 7.3% during forecast period.

Global Mold Release Agent Market

Factors behind the growth of market include organic growth of end-user industries like automobile production and rapid increase in construction activities, rising demand for mold release coated plastics, and increasing expenditure on research activities. Also, demand for Mold Release Agents is predicted to witness significant growth during the forecast period. Rising crude oil production across the globe is also predicted to be an important driver for mold release agent market. Increasing automobile production and sales along with rising consumption of lubricants are likely to drive the growth of the market.

Additionally, the use of mold release agents significantly reduces operational cost and time and also, mold release agents provide greater surface finish and also remove the problem of porosity. Fast urbanization coupled with an increasing income of the middle class in the emerging economies is predicted to push the growth of the market during the forecast period, 2017 to 2026.

At the same time, implementation of strict regulations by various government bodies has restricted the use of toxic organic chemicals used in the production of mold release agent, which is expected to limiting the growth of the market. One of the major challenges in the global mold release agents market is the easy availability of alternative non-stick coatings which provide better surface finish and reduce the problem of porosity. Another factor limiting the growth of the global mold release agents market is the fluctuating raw material prices, which is significantly impacting the success of manufacturers and distributors.

The die casting segment accounted for the major shares during 2016 and it is expected to continue during the forecast period. This segment is dominating because of its wide-scale usage in the rapidly growing automotive and construction industries to help improve the manufacturing efficiency and reduce the overall costs.

General details:

Sold by: pallavi narwade (0 / # 0) Grade pallavi narwade
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Ad Details

Ad id: 395145
Ad views:126
Ad expires: 2019.12.19 (in 11 days)
Added: 2019.11.19
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