Releasing Agents Market

The global releasing agents market is expected to register a CAGR of 4% by 2023. A release agent is a chemical used to prevent other materials from bonding to surfaces. It can provide a solution in processes involving mold release, die-cast release, plastic release, adhesive release, and tire and web release.

Market Dynamics

The global demand for releasing agents is increasing mainly due to the rise in demand for baked foods, which is a result of the changing lifestyles and growing health awareness among consumers. Convenience stores observed that consumers prefer bakery products over meat and other packaged foods.  This growing demand for bakery foods and items has resulted in an increased demand for baking assistants such as release agents.

The food industry, majorly baking, has been facing problems with the stickiness of food products, which resulted in material loss and obstructions in production. Manufacturers have begun to use essential oils as release agents, but these oils remained on the surface of the product, resulting in low-quality products.

Rising demand for freshly baked goods, due to the increasing health awareness about the nutritional benefits, and changing lifestyles are expected to promote the consumption of release agents. Moreover, rising demand for frozen desserts from key European countries, including Switzerland, Denmark, and Sweden owing to product innovation by baked goods manufacturers on a domestic level, is likely to increase the demand for release agents over the forecast period.

Market Segmentation

The release agents market is segmented by application into bakery & confectionery, meat, processed food, and others. The market is also divided by composition into emulsifiers, vegetable oil, wax & wax esters, and antioxidants. By type, it is segmented into fluid, solid, and others (water-based, multifunctional, specialty release agents). The market is also fragmented by regions into North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW); which have been further segmented by their leading countries.

Regional Analysis

The release agents market is broadly segmented into four regions North America, Europe, Asia-Pacific, and Rest of the World. North America is the largest market for mold agents, followed by Europe. Asia-Pacific is expected to be the fastest-growing market during the forecast period. The primary factors driving the mold release market in Asia-Pacific is the growing industries in emerging economies like China and India.

The key players of global releasing agents market includes Archer Daniels Midland Company, Avatar Corporation, AAK AB, Münzing Chemie GmbH, Par-Way Tryson Company, Associated British Foods PLC, IFC Solutions, Inc., Lecico GmbH, Malletoil & Company and Masterol Foods Pty Ltd. amongst others.

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