Release Coating Market by Material (Silicone, Non-Silicone), Formulation (Water-based, Solvent-based, Emulsions), and Application (Food & Beverages, Pharmaceutical, Personal Care, Electronics, Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026757 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 182 million mark in 2022 and is expected to hit US$ 332 million by 2030, recording a CAGR of 7.8% during the forecast period.

Healthcare awareness is expanding the end-use markets 

The release coating is useful with implantable instruments such as orthopedic and respiratory devices due to their low friction qualities and ease of insertion. More than 75% of costs in healthcare facilities are from people suffering from chronic diseases, which in turn helps the growth of the medical device and equipment market. Various medical applications benefit from release coating, ranging from analytical and surgical instruments to sterilization equipment and packaging of pharmaceutical products. Thus, the demand for release coating is increasing and is further expected to propel the market growth.

Within the report, the market is segmented into material, formulation, application, and geography. By material, the market is segmented into silicone and non-silicone. By formulation, the market is divided into water-based, solvent-based, and emulsions. By application, the market is categorized into food & beverages, pharmaceutical, electronics, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Growing demand of Polydimethylsiloxane (PDMS) based release coating

The silicone polymer may be selected based on specific release capabilities and other desired properties depending upon the end applications. The preferred silicone polymers are the PDMS polymers, although organo-modified polymers may be used. Coatings made from PDMS offer excellent anchorage to many different substrates and are compatible with a wide variety of adhesives. Furthermore, PDMS-based release coating can be cured quickly, and they are easy to adjust. It enhances the processing, release performance, and cost-effectiveness of the substrate on which the coating is applied.

Increasing uses of release coatings across various application areas

The demand for release coatings will increase across various application areas such as medical, hygiene, tapes, labels, food and beverages, and industrial. The demand is growing on account of the various favorable characteristics of release coatings such as their resistance to chemicals, resistance to corrosion, resistance to heat, anti-stick, durability, chemical insulation, dielectric, and dry lubrication. Release coatings are also finding their use in food packaging and baking, receiving an impetus from the approval by the Canadian Food Inspection Agency (CFIA) and the US Food and Drug Administration (FDA). Thus, increasing applications of release coating is further expected to drive the market growth in the forecast period.

Recent strategic developments in the release coating market

The release coating market has undergone several significant developments, and a few of these have been mentioned below:

  • In May 2020, Shin-Etsu Chemical Co. Ltd. developed a new technology for reducing the amount of platinum used in silicone release coatings by about one-half. The main applications are primarily as coated release paper for stickers, labels, and adhesive tapes as well as for release films and manufacturing process release liner.
  • In November 2019, Wacker Chemie AG opened a new silicon metal production facility in Holla, Norway. The company invested USD 111 million in the new plant. The new furnace in this location is one of the largest in the world.

The release coating market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Dow, Wacker Chemie AG, Elkem, Evonik Industries AG, Shin-Etsu Chemical Co. Ltd. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • release coating manufacturer
  • packaging related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists, private equity firms, and start-up companies
  • Research institutes, organizations, and consulting companies

 

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Resins Type
  • Silicone
  • Non-Silicone
  • Formulation
  • Water-based
  • Solvent-based
  • Emulsions
  • Application
  • Food & Beverages
  • Pharmaceutical
  • Personal Care
  • Electronics
  • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • Dow
  • Wacker Chemie AG
  • Elkem
  • Evonik Industries AG
  • Shin-Etsu Chemical Co. Ltd.

The List of Companies
- Dow
- Wacker Chemie AG
- Elkem
- Evonik Industries AG
- Shin-Etsu Chemical Co. Ltd.

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