Release Coatings Market Rising at 5.6% CAGR to 2021 Led by Silicone Materials
The global release coatings market is projected to reach USD 6.20 billion by 2021, at a CAGR of 5.6% between 2016 and 2021 while silicone to be fastest-growing material segment of the global release coatings market.
Pune, India – January 31, 2017 /MarketersMedia/ —
Increased demand for water-based coatings and emergence of digital label printing technology act as key driving factors influencing the growth of the global release coatings market. However, differences in release control that may result in the failure of release coatings act as a restraint to the growth of the market.
Complete report on global release coatings market spread across 173 pages, profiling 11 companies and supported with 117 tables and 56 figures is now available at http://www.reportsnreports.com/reports/834425-release-coatings-market-by-material-silicone-non-silicone-formulation-solvent-based-water-based-oil-emulsions-application-labels-tapes-hygiene-industrial-medical-food-bakery-and-region-global-fo-st-to-2021.html .
The medical segment is estimated to be the fastest-growing application segment of the global release coatings market. Release coatings are widely utilized in various medical applications, such as analytical and surgical instruments as well as packaging of healthcare products. Release coatings are particularly useful with implantable instruments, such as orthopedic and respiratory devices, due to their low friction qualities and ease of insertion. Factors contributing to the growth of the medical application segment in this market include increasing population, growing income level of consumers, high growth in the implantable device market, and increasing demand for single-use disposable products.
Based on material, the silicone segment is projected to grow at the highest CAGR between 2016 and 2021. The inexpensive nature of silicone-based release coatings is a major factor driving the growth of this segment. Silicone, as additives, helps provide resistance to slip, moisture, and abrasion improved adhesion, anti-blocking properties, gloss and foam control among several other benefits. In addition, various characteristics of silicone-based materials increase the durability of coatings.
The companies profiled in this market research report are Dow Corning Corporation (U.S.), Wacker Chemie AG (Germany), Momentive Performance Materials Inc. (U.S.), Evonik Industries AG (Germany), Shin-Etsu Chemicals Co., Ltd. (Japan), OMNOVA Solutions Inc. (U.S.), Mayzo Inc. (U.S.), Product Release Europe Limited (U.K.), and Rayven, Inc. (U.S.).
Request a discount on a copy of Release Coatings Market by Material (Silicone, Non-Silicone), Formulation (Solvent-Based, Water-Based, Oil Emulsions), Application (Labels, Tapes, Hygiene, Industrial, Medical, Food & Bakery), and Region – Global Forecast to 2021 research report at http://www.reportsnreports.com/contacts/discount.aspx?name=834425 .
Asia-Pacific is projected to be the largest as well as the fastest-growing market for release coatings. The release coatings market in this region is expected to register the highest growth, owing to high demand for release coatings from countries, such as Japan, China, and India. China is estimated to be the largest market for release coatings in the Asia-Pacific region, followed by India and Japan. However, India and Taiwan are projected to be the fastest-growing markets for release coatings in the Asia-Pacific region. Growth of prominent industries such as consumer durables, packaging, and manufacturing has increased the demand for release coatings in this region.
Ask for a representative sample copy of this research at http://www.reportsnreports.com/contacts/requestsample.aspx?name=834425 .
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