Technavio's latest market research report on the global release agents market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technaviodefines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
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Technavio has published a new report on the global release agents market from 2017-2021. (Graphic: Business Wire)
The report segments the global release agents market based on application (bakery and confectionery, food packaging, meat, and others) and geography (EMEA, APAC, and the Americas).
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The top three emerging market trends driving the global release agents market according to Technavio research analysts are:
- Increasing value of gluten-free baked products
- Rising shift to water-based release agents
- Increasing market advances
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Increasing value of gluten-free baked products
Industrial expansion and diversifying lifestyle have transformed the social and economic structure of the society. Modernization of lifestyle has led to the production of many goods on a large scale. The change in the standard of living has marked a shift toward gluten-free bakery products, especially bread, cakes, biscuits, pastries, pizza, and donuts due to increasing disposable income.
According to Kshama Upadhyay, a lead additives, adhesives, and sealants research analyst at Technavio, "The global gluten-free foods market is estimated to grow at a CAGR of approximately 12% during the forecast period. Since the increased preference of gluten free foods has led to extensive use of release agents, especially in the food and beverage industry, for detaching the bond between the product and surface, it is anticipated to boost the demand for release agents, globally."
Rising shift to water-based release agents
Refined microcrystalline, which is derived from crude oil, is used in the preparation of confectioneries, such as chewing gums, jellies, and dried fruits as a viscosity agent. The global oil production is decreasing by approximately 4.53% in recent years and is expected to continue during the forecast period. The increasing depletion of crude oil resources has resulted in manufacturers switching their focus upon water-based release agents. These are likely to meet volatile organic compounds (VOC) specifications, besides offering a benefit of more cost saving than the petroleum-based release agents. For instance, ProKote 5935-NT which is offered by the key vendor Avatar is a water-based release agent, in the form of an opaque liquid, likely to reduce the VOC emissions. This trend is expected to continue during the forecast period.
Increasing market advances
The global release agents market has encountered several technological advances in recent years, leading to larger industrial food production. The vendors in the market are competitive in acquiring a technological advantage over each other, in order retain their share in the market. For instance, development in the release agent spraying, such as modular spray systems by spray technology manufacturers, has been undertaken by many end-users in order to achieve cost cuttings.
"Several end-user industries have intensified the consumption of release agents for detaching the bonding and enhancing the ease of application. Hence, advances in technology integrated with the outrageous utilization of release agents in various applications are expected to propel the overall growth of the global release agents market during the forecast period," addsKshama
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