The Release Coatings Market report published by Stratview Research offers wide-ranging analysis of key growth strategies, drivers, opportunities, key segments, and competitive landscape, etc. This detailed study is a useful source of information for prominent market players, new entrants, investors, and stakeholders to gain a thorough understanding of the market and determine measures to be taken to gain a competitive advantage.

Market Insights

The release coatings market was estimated at USD 172.48 million in 2021 and is likely to grow at a CAGR of 7.32% during 2022-2028 to reach USD 283.89 million in 2028.

Some key takeaways from this report –

The report offers key drivers that trigger the growth in the Release Coatings Market. The insights mentioned in this report helps market players in formulating strategies to gain market presence or to sustain during the hard times. The research also mentions restraints of the market. Critical data on growth opportunities, current and upcoming trends are mentioned to assist market players in taking further steps by determining the potential in untapped regions.

The research offers segment wise analysis of the Release Coatings Market. Extensive analysis of sales, revenue, growth rate, and market share of each for the historic period and the forecast period is offered with the help of tables, graphs, pie charts and more.

The release coatings market is segmented based on coating type as silicone and non-silicone. Silicone is projected to remain the largest segment in the release coatings market during the forecast period. It is also projected to grow at a faster rate during the forecast period. Silicone-release coatings are relatively inexpensive and offer better resistance to chemicals, abrasion, and moisture. It is gaining traction in many applications, such as barcode labels, diaper tabs, packaging tapes, and postage stamps.

The market is further segmented based on formulation type as solvent-based, water-based, emulsions, and others. The solvent is the most commonly used formulation type in release coatings; however, there would be a continuous shift from solvent-based to water-based, driven by safety, health, and environmental regulations. The usage of different release coating formations varies from region to region. For instance, water-based release coatings dominate North America and Europe, whereas solvent-based dominate Asia-Pacific.

The market is also segmented based on application type as labels, graphical, film & tapes, hygiene, and others. The label is projected to remain the most dominant application type in the global release coatings market during the forecast period, driven by the increasing use of self-adhesive labels in packaging applications. The label segment is also the fastest-growing application type in the release coatings market, driven by an increasing preference in the fast-moving consumer goods and packaging industries.

The market is segmented based on end-use industry type as transportation, aerospace & defense, medical, food & bakery, packaging, pulp & paper, and others. Packaging is expected to remain the largest end-use industry for release coatings during the forecast period, whereas medical is expected to witness the fastest growth in the same period. The high use of release coatings in healthcare products and the increasing use of release coatings in surgical and analytical instruments will drive the demand for it in the medical industry.

Asia-Pacific is expected to remain the largest market during the forecast period. It alone occupied more than 50% of the release coatings market in 2021. The region is also expected to witness the highest growth over the next five years. China, Japan, Korea, India, and Taiwan are acting as the growth engines of the Asia-Pacific release coatings market. There would be a good shift from solvent-based to water-based release coatings in the Asia-Pacific region in the same period.

Key Players

The following are the key players in the Release Coatings Market- 

  • Dow Corning Corporation
  • Momentive Performance Materials
  • Evonik Industries AG
  • Mayzo Inc
  • OMNOVA Solutions Inc.
  • Shin-Etsu Chemicals Co. Ltd.
  • Wacker Chemie AG.

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