The global release coatings market is estimated to be USD 157 million in 2020 and is projected to reach USD 225 million by 2025, at a CAGR of 7.5%, between 2020 to 2025.
The rising awareness of health, increase consumer spending, growth of e-commerce, and increase of women workforce and the key factors driving sectors such as packaging, hygiene, consumer products, cosmetics, households, retails, and pharmaceuticals. The growth of these sectors determines the growth of applications in the release coating such as the labels, tapes, hygiene, industrial, medical, food bakery, and others, which includes graphics and envelope. Some of these sectors, such as label and hygiene, are growing in double digits in developing markets like India, Indonesia, Malaysia, and other South East Asian countries.
Non-silicone release coating: the fastest-growing type of release coating in the material segment
The increasing environmental regulations are restraining the growth of silicone release coating in North America and Europe, while lenient regulatory standards in the APAC drives the silicone release coating to grow faster than other regions. The strict regulatory standards are driving the non-silicone release coating to register the fastest growth in the material segment during the forecast period.
Hygiene applications is the fastest growing application in the release coating market
Increasing penetration of hygiene products such as baby diapers, sanitary napkins, and adult incontinence products in the developing countries and increased consumption of premium hygiene products in the developed countries is expected to drive the global release coating market during the forecast period. The growing awareness, increasing consumer spending, and growth of e-commerce are the factors that are driving the hygiene application in the release coating market.
APAC estimated to be the fastest-growing market for release coating
Asia-Pacific is estimated to be the fastest-growing market for release coating. This high growth is associated with the increasing penetration of hygiene products in the APAC countries. China is projected to be the largest market for release coating in APAC, followed by Japan. India, South Korea, Indonesia, Taiwan, and Malaysia are other major countries contributing to the growth of the release coating market in the region. The growing pharmaceutical, retail, consumer goods, cosmetics, and household segments in the region drive the packaging industry, and with it, the label application grows, which holds the largest share in the APAC release coating market.
The semiconductor industry in the region is anticipated to pick growth with the increasing adoption of disruptive technologies such as Artificial Intelligence (AI) and 5G during the forecast period. This growth drives the demands of tapes application in the release coating market. Countries such as Taiwan, China, Japan, and South Korea are the front runners in this upcoming development.
The release coatings market is expected to decline amid the COVID-19 pandemic
The impact of COVID-19 has been severe, with the release coating market estimated to decline by 15.4% in 2020 in terms of value. End-use applications such as hygiene and medical are estimated to register positive growth in 2020 due to panic buying of hygiene products at the start of COVID-19 and the increased medical attention in 2020 due to the COVID-19 pandemic. All the other end-use applications in the release coating market are estimated to register negative growth due to factors such as lockdown, supply chain disruption, and decline in consumer spending affecting end-use industries such as packaging, electrical & electronics, logistics, hygiene & personal care, consumer goods, and retail.
This research report categorizes the release coating market on the basis of material, formulation, release liner, application, and region. The report includes detailed information regarding the major factors influencing the growth of the release coating market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into business overviews, products & services, key strategies, expansions, new product developments, agreements, and recent developments associated with the market.
The companies profiled in this market research report include Dow (US), Wacker Chemie AG (Germany), Elkem (Norway), Evonik Industries AG (Germany), Shin-Etsu Chemical Co. Ltd. (Japan), Omnova Solutions Inc. (US), Momentive Performance Materials Inc. (US), Mayzo Inc. (US), HITAC Adhesives and Coatings (US) and SOLV Inc. (US) are some of the other leading companies in this market.
Extensive primary interviews were conducted to determine and verify the market size for several segments and sub-segments and information gathered through secondary research.
The break-up of primary interviews is given below:
- By Company Type: Tier 1 - 50%, Tier 2 - 37%, and Tier 3 - 13%
- By Designation: C-level - 46%, Director-level - 31%, and Others* - 23%
- By Region: Asia-Pacific - 22%, Europe - 28%, South America - 11%, and Middle East & Africa - 6%
Note: The tiers of the companies are defined on the basis of their total revenue, as of 2019: Tier 1 = >USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 = <USD 1 billion
*Others include sales managers, marketing managers, and product managers
Reasons to Buy the Report
The report will help market leaders/new entrants in this market in the following ways:
- This report segments the release coating market comprehensively and provides the closest approximations of market sizes for the overall market and sub-segments across verticals and regions.
- The report will help stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities.
- This report will help stakeholders understand the major competitors and gain insights to enhance their position in the business. The competitive landscape section includes expansions, new product developments, and agreements.
- The report includes the COVID-19 impact on the release coating market.
- The report includes the release coating market size in terms of the release liners, in both value and volume.
1.1 Market Scope
1.1.1 Market Definition
1.1.2 Market Covered
184.108.40.206 Release Coating Market, by Material
220.127.116.11 Release Coating Market, by Release Liner
18.104.22.168 Release Coating Market, by Formulation
22.214.171.124 Release Coating Market, by Application
126.96.36.199 Release Coating Market, by Region
1.1.3 Years Considered for the Study
1.1.5 Package Size
1.1.8 Summary of Changes
2 Research Methodology
2.1 Market Size Estimation
2.1.1 Bottom-up Approach
2.1.2 Top-down Approach
2.2 Market Share Estimation
2.2.1 Key Data from Secondary Sources
2.2.2 Key Data from Primary Sources
188.8.131.52 Key Industry Insights
184.108.40.206 Breakdown of Primary Interviews
2.3 Data Triangulation
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities for Release Coating Market
4.2 Top Region in Release Coating Market
4.3 Release Coating Market, by Material
4.4 Release Coating Market, by Release Liner
4.5 Release Coating Market, by Formulations
4.6 Release Coating Market, by Application
4.7 Release Coating Market, by Region
5 Market Overview
5.2 Market Dynamics
5.3 Porter's Five Forces
5.4 Coating Ecosystem
5.5 Coatings Trade Analysis
5.6 Average Selling Price Analysis
5.7 Technology Analysis
5.8 Regulatory Landscape
5.9 Innovation (Patent Analysis)
5.10 Value Chain Analysis
5.11 Forecast Factors Impacting Growth
5.12 YC, YCC Shift
5.13 COVID19 Impact Analysis
5.14 Macro-Economic Indicators
6 Release Coating Market, by Material - Forecast Till 2025 (in Tons and USD Thousand)
7 Release Coating Market, by Release Liner - Forecast Till 2025 (in Tons and USD Thousand)
7.2 Paper Liners
7.3 Filmic Liners
8 Release Coating Market, by Formulation - Forecast Till 2025 (In Tons and USD Thousand)
9 Release Coating Market, by Application - Forecast Till 2025 (in Tons and USD Thousand)
9.2.1 Impact of Megatrends in the Labels
9.3.1 Impact of Megatrends in Tapes
9.4.1 Impact of Megatrends in Hygiene
9.5.1 Impact of Megatrends in Industrial
9.6.1 Impact of Megatrends in Medical
9.7 Food Bakery
9.7.1 Impact of Megatrend in Food & Bakery
9.8 Others (Envelope, Graphic Arts)
10 Release Coatings Market, by Region - Forecast Till 2025 (in Tons and USD Thousand)
10.2 North America
10.3.6 Rest of Europe
10.4.4 South Korea
10.4.8 Rest of APAC
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 South Africa
10.5.3 Rest of Middle East & Africa
10.6 South America
10.6.3 Rest of South America
11 Competitive Landscape
11.2 Company Evaluation Matrix Definition and Technology
11.2.1 Market Share & Industry Tier Structure Analysis
11.2.2 Product Footprint
11.2.4 Emerging Leader
11.3 Company Evaluation Matrix 2019
11.4 Competitive Scenario
11.4.3 New Product Launches
11.4.4 Market Strategy Analysis
11.4.5 Revenue Analysis of Top Players
12 Company Profiles
(Business Overview, Financials, Impact of COVID-19 on Business Segment, Products & Services, Recent Developments and Analyst's View)*
12.1.2 Wacker Chemie AG
12.1.3 Momentive Performance Materials Inc.
12.1.5 Evonik Industries AG
12.1.6 Shin-Etsu Chemical Co. Ltd.
12.1.7 Omnova Solutions Inc. (Synthomer plc.)
12.1.9 Rayven Inc.
12.1.10 Product Release Europe Ltd.
12.1.11 HITAC Adhesives & Coatings Inc.
12.1.12 SOLV Inc.
12.1.13 Silibase Silicone
12.1.15 PT Lautan Luas Tbk
12.1.16 Ulterion International
13.1 Discussion Guide
13.2 Knowledge Store: The Subscription Portal
- Evonik Industries AG
- HITAC Adhesives & Coatings Inc.
- Momentive Performance Materials Inc.
- Omnova Solutions Inc. (Synthomer plc.)
- Product Release Europe Ltd.
- PT Lautan Luas Tbk
- Rayven Inc.
- Shin-Etsu Chemical Co. Ltd.
- Silibase Silicone
- SOLV Inc.
- Ulterion International
- Wacker Chemie AG