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The release coating market size is estimated to grow at a CAGR of 6.76% between 2023 and 2028. The market size is forecast to increase by USD 121.39 million . Several factors play a crucial role in the market's growth, such as the rising popularity of digital label printing and mechanical flexographic printing, the growing demand for solventless coatings, and the increasing focus on efficiency and cost-effectiveness in end-user industries.
The report includes a comprehensive outlook on the Release Coating Market, offering forecasts for the industry segmented by Material (silicone, non-silicone). Additionally, it categorizes Application (labels, tapes, hygiene, industrial and others) and covers Geography regions, including North America, APAC, Europe, South America, and Middle East and Africa. The report provides market size, historical data spanning from 2018-2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rising popularity of digital label printing and mechanical flexographic printing is the key factor driving market growth. Digital label printing and mechanical flexographic printing methods offer advantages in terms of efficiency, customization, and cost-effectiveness, driving their adoption in various industries. Digital label printing, also known as digital printing or digital offset printing, is a printing process that involves the direct transfer of digital /images from a computer onto a label substrate.
Furthermore, the mechanical flexographic printing process uses flexible polymer printing plates wrapped around rotating cylinders to transfer ink onto a label substrate. Flexo printing offers advantages such as high-speed production, excellent print quality, and the ability to print on various types of substrates, including paper, film, and foil. Thus, these factors are expected to boost the demand for release coatings, which will drive the growth of the market during the forecast period.
The emergence of nanotechnology in release coatings for enhanced performance is the primary trend shaping market growth. Nanotechnology has contributed to enhanced performance and efficiency in release coatings by offering superior properties at the nanoscale level. One of the key advantages of nanotechnology in release coatings is the ability to achieve precise control over coating thickness and uniformity. Nanoscale particles can be dispersed evenly in the coating formulation, resulting in a smoother and more consistent coating layer on the surface.
Moreover, nanotechnology-based release coatings also offer enhanced thermal stability and resistance to high temperatures. Additionally, nanotechnology allows for the incorporation of functional additives into release coatings, further enhancing their performance. Therefore, such factors are expected to drive the growth of the global release coating market during the forecast period.
Stringent environmental regulations and policies on release coatings is a challenge that affects market growth. Governments and regulatory bodies across the globe have implemented strict measures to protect the environment, promote sustainability, and reduce the adverse impacts of release coatings on human health and the ecosystem. One of the main objectives of stringent environmental regulations is to reduce the release of VOCs into the atmosphere. VOCs are chemicals that can vaporize and contribute to air pollution when released during the application, curing, and use of release coatings.
Furthermore, environmental regulations promote the use of sustainable and eco-friendly practices in the release coatings industry. There is a growing focus on the development and utilization of renewable resources, bio-based materials, and environmentally friendly alternatives. Manufacturers are encouraged to explore and adopt more sustainable raw materials and production processes that have minimal environmental impacts. Thus, such factors are expected to negatively impact the growth of the market in focus during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Release Coating Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The silicone segment is estimated to witness significant growth during the forecast period. Silicon plays an important role in the global release coating market due to its excellent release properties, high-temperature resistance, and substrate compatibility. Silicones offer high-temperature resistance, making them suitable for applications where release coatings are exposed to elevated temperatures during processing or operation.
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The silicone segment was the largest segment and was valued at USD 150.17 million in 2018. Silicone-based release coatings create a smooth and non-sticky surface, allowing materials to separate easily without damage or residue. This is particularly important in industries where the release of delicate or complex parts is necessary, such as in moldings, castings, or laminations. In addition, the use of silicones in release coatings significantly improves production efficiency, reduces scrap rates, and enhances product quality. Hence, such advantages are expected to boost the demand for silicon, which will drive the growth of the market during the forecast period.
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North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. With a strong presence in industries that depend on release coatings for their manufacturing processes. North America holds a significant share of the global release coating market. The regional demand for release coatings is driven by various factors, including the robust manufacturing sector, technological advancements, and stringent regulations.
In addition, North America's commitment to technological advancements plays an important role in the growth of the release coatings market. Furthermore, North American companies actively seek sustainability and eco-friendly practices, driving the demand for reusable or recyclable release coatings. Thus, such factors are expected to increase the demand for release coatings, which will propel the growth of the market during the forecast period.
In 2020, the COVID-19 pandemic negatively affected the release coating market in North America. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Furthermore, increasing manufacturing activities in the various end-user industries have propelled the demand for release coatings, which will fuel the growth of the regional release coating market during the forecast period.
The release coating market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Release Coating Market Scope |
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Report Coverage |
Details |
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Page number |
158 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.76% |
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Market Growth 2024-2028 |
USD 121.39 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.6 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
North America at 35% |
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Key countries |
US, China, India, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Dow Chemical Co., Duraco Inc., Elkem ASA, Endura Coatings, Evonik Industries AG, HITAC ADHESIVES and COATINGS, Inteplast Group, Jain Chem Ltd., Mayzo Inc., Momentive Performance Materials Inc., OMNOVA Solutions Inc., PPG Industries Inc., Product Release Europe Ltd, Resil Chemicals Pvt. Ltd., Shin Etsu Chemical Co. Ltd., SILIBASE SILICONE, SJA Film Technologies Ltd, Wacker Chemie AG, Synthomer Plc, and A and A Thermal Spray Coatings |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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