Booming Construction Sector Call for Mold Release Agents in India

The Indian mold release agents market will grow significantly. The main factors responsible for the growth of the market are the development of the construction industry and, an increase in the demand for die casting for manufacturing the components of automobiles. 

The shift toward water-based mold release agents compared to solvent-based mold release agents is the key trend in the market recently. Water-based mold release agents encompass no harmful chemicals or any solvents threatening to the environment or humans, though, solvent-based mold release agents have a high level of VOCs like N-butane, propane, and isopropyl alcohol. Because of such factors, numerous users are shifting their partiality toward water-based release agents, offering traction to their requirements in the Indian mold release agents market. 

The development of the construction industry in the country is one of the main factors improving the demand for mold release agents, because of its requirement in the formation of concrete bricks. With the snowballing funding and government initiatives in the industry, the requirement for concrete bricks will increase, thus boosting the requirement for mold release agents in the nation. For example, government initiatives like Housing for All, and Smart City Mission will offer a boost to the industry. 

India Mold Release Agents Market

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The electrical & electronics sector has huge growth potential for the huge unexploited Indian mold release agents market. Growing demand for electronic products reflected by increasing disposable income will fuel the growth of the industry. Furthermore, foreign players are aiming to invest in India for R&D and the manufacture of electronics owing to the obtainability of low-cost manpower.  

This in line will increase the demand for mold release agents because of its requirement in making electronic components like white good interiors, electronic machine covers, consumer goods, and numerous other products. 

Water-based mold release agents were the dominators. Water-based mold release agents have a negligible concentration of VOCs, mutagens, and carcinogens different from solvent-based mold release agents. With fast upsurge in ecological concerns, strict guidelines for VOC releases are will be applied in the years to come. This in line is will fuel the growth of these agents. 

Polyurethane processing conquered the Indian mold release agents market in the past. This is credited to the enormous volumetric requirement for polyurethane-based components from industries like footwear, automotive, and construction. With the development of these sectors, the requirement for polyurethane-based products will upsurge, thus creating a huge requirement  for mold release agents as a result of its capability to avert adhesion of products to their molds and let smooth release. 

Concrete will witness the fastest growth in the future. This growth is credited to the increasing acceptance of concrete bricks for the construction of multistorey commercial and residential buildings. Construction dominated the Indian mold release agents market in the past with the largest revenue, and the trend will continue in the years to come. Mold release agents enable the easy release of concrete materials from molds and aid in upholding the texture of bricks of concrete without any damage throughout the procedure of releasing the brick from the mold. 

There is an increasing demand for mold release agents, due to the ever-growing construction market in India. 

SOURCE: P&S Intelligence