India's market for mold release agents has a bright future since there are prospects in the rubber, die casting, tire, plastic, concrete, and food processing industries. Mold release agents are increasingly being used in die casting, tire, and plastic applications, which is one of the main development factors for this industry.
Emerging trends like the increasing switch to water-based release agents and the rising popularity of baked goods made without gluten directly influence the dynamics of the mold release agent market.
Influencing Factors for Indian Mold Release Agents
The main trend in the industry over the past few years has been moving away from solvent-based mold release agents and water-based mold release agents. Water-based mold release solutions don't include any solvents or dangerous chemicals that might endanger the environment or people.
However, VOCs, including N-butane and propane, are present in high concentrations in solvent-based mold release agents. Many end users are switching to water-based release agents as a result of these considerations, which is supporting demand.
The need for mold release agents in the production of concrete bricks is one of the main causes driving the expansion of the Indian construction industry. The need for concrete bricks is anti**ted to rise as a result of rising investments and government efforts in the industry, which would also raise India's need for mold release agents.
Because there is such a sizable untapped market in India, the electrical and electronics industry there has tremendous development potential. The sector is anticipated to increase as a result of rising disposable incomes and increasing demand for technological goods.
Due to the accessibility of cheap labor, global players are also looking to invest in India for electronics R&D and manufacturing.
Owing to their necessity in the production of electronic components, including electronic machine covers, white goods interiors, consumer goods, and numerous other items, this is predicted to raise the need for mold release agents.
Indian Mold Release Agent Segmentation Analysis
Mold release agents that are water-based predominate on the market in terms of kind. In contrast to solvent-based mold release agents, water-based mold release agents have a low concentration of mutagens, VOCs, and carcinogens.
In the upcoming years, strict limits for VOC emissions are anticipated due to the rapid rise in environmental concerns. This will certainly encourage the development of water-based mold release agents.
Historically, the market was controlled by polyurethane processing. This is attributed to the significant volumetric need for polyurethane-based products from sectors including the construction, automotive, and footwear industries.