Releasing Agents Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global Releasing Agents Market is anticipated to register a CAGR of 4% during the forecast period 2020-2025.

Key Highlights

• 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.
• 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, which in turn is boosting the releasing agents market globally.

Key Market Trends

Growing Demand for Baked Goods

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.

North America Holds a Prominent Share

North America is the dominant region in this market followed by Europe, owing to the high demand for baked goods, the presence of major players in these regions, and awareness about the benefits of using release agents. However, Asia Pacific is projected to be the fastest-growing market during the forecast period, due to greater awareness and an increase in the production of processed food in the region. Asian countries, especially China, have also emerged as leading destinations, thereby facilitating the market shift from developed economies to developing economies. In relatively saturated markets such as the US and Europe, value-based pricing and raw material sourcing have emerged as major strategies for companies looking to establish a strong foothold in these markets.

Competitive Landscape

The key players of the global releasing agents market include Archer Daniels Midland Company, Avatar Corporation, AAK Foods, Dupont, IFC Solutions, Inc., Sonneveld Group BV, Puratos Group NV, Lecico GmbH among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
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