7:10 AM Release Coatings Market likely to witness an impressive CAGR of 5.9% by 2022, as estimated by Stratview Research |
Stratview Research in its recent report has offered an overlook of the current Release Coatings Market scenarios and has also estimated the Release Coatings Market size to reach grow at CAGR of 5.9% by 2022. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis. Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2017-2022, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.
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The global release coatings market is segmented based on coating type as silicone and non-silicone. Silicone is projected to remain the largest segment in the release coatings market during the forecast period. It is also projected to grow at a faster rate during the forecast period. Silicone release coatings are relatively inexpensive and offer better resistance to chemical, abrasion, and moisture. It is gaining traction in many applications, such as barcode labels, diaper tabs, packaging tapes, and postage stamps. The global release coatings market is further segmented based on formulation type as solvent-based, water-based, emulsions, and others. Solvent is the most commonly used formulation type in release coatings; however, there would be a continuous shift from solvent based to water based, driven by safety, health, and environmental regulations. The usage of different release coating formations varies from region to region. For instance, water-based release coatings dominate North America and Europe, whereas solvent-based dominates Asia-Pacific.
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The global release coatings market is also segmented based on application type as labels, graphical, film & tapes, hygiene, and others. The label is projected to remain the most dominant application type in the global release coatings market during the forecast period, driven by increasing use of self-adhesive labels in the packaging applications. The label segment is also the fastest growing application type in the release coatings market, driven by an increasing preference in the fast-moving consumer goods and packaging industries. The global release coatings market is segmented based on end-use industry type as transportation, aerospace & defense, medical, food & bakery, packaging, pulp & paper, and others. Packaging is expected to remain the largest end-use industry for release coatings during the forecast period, whereas medical is expected to witness the fastest growth in the same period. High use of release coatings in healthcare products and increasing use of release coatings in the surgical and analytical instruments will drive the demand for it in the Medical industry. Asia-Pacific is expected to remain the largest release coatings market during the forecast period. It alone occupied more than 50% of global release coatings market in 2015. The region is also expected to witness the highest growth over the next five years. China, Japan, Korea, India, and Taiwan are acting as the growth engines of the Asia-Pacific release coatings market. There would be a good shift from solvent-based to water-based release coatings in the Asia-Pacific region in the same period.
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Highlights of the Report: The global release coatings market is projected to witness a healthy CAGR of 5.9% during the forecast period of 2017 to 2022, driven by increasing penetration of silicone labels in the packaging industry, introduction of more stringent standards related to environment and safety, and an organic growth of the end-use industries, such as transportation, aerospace & defense, and food& bakery. Dow Corning Corporation, Momentive Performance Materials, Evonik Industries AG, Mayzo Inc, OMNOVA Solutions Inc., Shin-Etsu Chemicals Co. Ltd., and Wacker Chemie AG are major players in the global release coatings market. High investment in R&D activities to develop new products meeting unmet market needs, wide geographical network and collaboration with customers are some of the key strategies adopted by major companies to gain a competitive edge over others.
Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Release Coatings Market analysis report discusses the following heads in great detail:
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