Technavio's latest report on the global mold release agents marketprovides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171103005718/en/
Technavio has published a new report on the global mold release agents market from 2017-2021. (Graphic: Business Wire)
The market in North America was the largest market for mold release agent in 2016 in terms of consumption and production. The increase in automotive manufacturing, growth in food processing, and growth in the paper manufacturing industries are the factors expected to augment the growth in the mold release agents market during the forecast period.
Hitesh Bhatia, a lead analyst from Technavio, specializing in research on metals and minerals sector, says, "Water- based mold release agents are used in various end-use applications such as die casting, concrete, and others. The high adoption of the water-based mold release agents can attribute to its excellent properties such as high performance and eco-friendliness. Die casting is one of the most predominantly used methods of manufacturing small and medium size spare parts of automotive vehicles. This is also used in the construction industry where the concrete is molded in various forms."
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free
The top three emerging trends driving the global mold release agents marketaccording to Technavio research analysts are:
- Fluctuation in crude oil prices
- Preference for water-based release agents by OEMs
- New technological change helping market growth
Looking for more information on this market? Request a free sample report
Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Fluctuation in crude oil prices
Solvent-based mold release agents are mainly manufactured using crude oil derivatives. Solvent-based mold release agents are used in the form of epoxy and oil emulsions. These epoxy and oil emulsions are manufactured from petrochemicals. Petrochemicals prices are dependent on crude oil prices, as these are the byproducts of crude oil.
"With the fluctuation of prices in the crude oil market, the manufacturing cost will fluctuate, and thereby, will directly impact the prices of mold release agents in the global market. The change in the oil prices has compelled vendors to implement various cost-cutting measures," according to Hitesh
Preference for water-based release agents by OEMs
Mold release agents play a vital role in applications related to die casting, concrete, rubber, and others. The factors on the choice of release agents are used as per cost, environmental impact, and efficiency.
The mold-release agent industry is opting for ways to reduce the environmental impact, improve in-use economics, and maintain the efficiency of mold release agents as per the applications. The pressure to shift from solvent-based to water-based release agents is increasing.
New technological change helping market growth
New mold release agents technology in the market which will reduce VOCs for green sand. Such technological advances are initiated to decrease the VOC content in the mold release agents. New release agents, such as ZIP-SLIP LR57HP, have been manufactured by ASK Chemicals to reduce many problems associated with harmful effects of mold release agents on the environment.
In addition, as compared with other release agents, ZIP-SLIP LR57HP is cost-effective. As far as the quality is concerned, the new green sand release agent has excellent release characteristics, superior mold definition, low scope for scrap, sharper corners, and cleaner radiuses.
Key vendors:
- Chem-Trend
- DAIKIN INDUSTRIES
- Dow Corning
- Henkel
- Wacker Chemie
Browse Related Reports:
- Global Calcium Nitrate Market 2017-2021
- Global Magnesium Oxide Nanoparticle Market 2017-2021
- Global Calcium Carbide Market 2017-2021
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171103005718/en/
Contacts:
Technavio Research
Jesse Maida
Media Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com
