Release Coatings Market, Covid-19 Outbreak, Segmentation, Industry Scenario, Competitive Analysis, Overview and Forecast to 2023

Market Scenario:

The silicon based release coatings material segment is anticipated to observe a higher CAGR during the forecast period. The enhanced and superior qualities of these release coatings such as resistance to moisture, abrasion and slip, improved adhesion and anti-blocking properties find application in postage stamps, bar code, envelopes and others. Moreover, the growing demand from medical, packaging and automotive is also significantly adding to the growth of the segment.

The global release coatings market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing region at an exponential CAGR. The presence of the most populated countries of the world such as India and China has augmented the demand for various sectors such as food and beverage, personal care, home care, and automotive among others, which, in turn, is anticipated to fuel the demand for release coatings in the region. Moreover, the growing processed food demand mainly in Japan, India and China owing to the growing working population and changing lifestyle is also expected to contribute to the market.

Market Segmentation

Global Release Coatings Market is segmented into material, formulation, and application. On the basis of material, the market is segregated into silicone and non-silicone. The market by formulation is bifurcated into solvent based, water based and oil emulsions. The market by application is further segregated into labels, tapes, hygiene, industrial, medical, food & beverages, and others.

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Competitive Analysis:

Some of the prominent players operating in the global release coatings market are KISCO Limited (Japan), The Dow Chemical Company (U.S.), Cytec Solvay Group (U.S.), and BASF SE (Germany). Dow Corning Corporation (U.S.), Wacker Chemie AG (Germany), Momentive inc. (U.S.), Evonik Industries AG (Germany), Shin-Etsu Chemicals Co., Ltd. (Japan), and OMNOVA Solutions Inc. (U.S.).

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.