Internal Mould Release Agent (IMR) Market Size, Share, Growth, And Industry Analysis by Type (Solvent-based IMR, Water-based IMR) by Application (Rubbers, Thermosetting Resin, Thermoplastics & Others), Regional Insights and Forecast to 2031

Updated On: 29 April 2024

Internal Mould Release Agent (IMR) Market Report Overview

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The global internal mould release agent (IMR) market size was USD 59 million in 2021. As per our research, the market is expected to reach USD 76 million by 2028, exhibiting a CAGR of 3.8% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with internal mould release agent (IMR) market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over.

Internal Mould Release Agents (IMRs) are cutting-edge formulations engineered to facilitate seamless mold release processes in various industries. These highly specialized agents act as a barrier between the mold and the substrate, preventing adhesion and ensuring smooth part extraction. IMRs find extensive utility in automotive manufacturing, aerospace, plastics, and rubber industries, enabling the effortless production of intricate components, from automotive parts to composite materials. Their versatility extends to composite molding, rubber extrusion, and injection molding, streamlining operations, reducing waste, and boosting productivity. IMRs are the unsung heroes behind the scenes, enabling the flawless creation of a wide array of products.

The remarkable growth of the internal mould release agent (IMR) market size can be attributed to a convergence of factors driving heightened demand. As industries increasingly emphasize precision and quality, IMRs have emerged as a critical enabler. The market's expansion is propelled by a surge in demand for lightweight materials in automotive and aerospace sectors, where IMRs play a pivotal role in composite molding. Additionally, a growing emphasis on sustainability has fueled interest in IMRs, which reduce material waste and enhance production efficiency. With the global manufacturing landscape evolving rapidly, IMRs are not just a choice; they are a necessity, underpinning the market's remarkable growth trajectory.

COVID-19 Impact: Supply Chain Interruptions Cause Temporary Setbacks In Production And Distribution, Impacting The Market

The COVID-19 pandemic cast a profound shadow over the IMR market, presenting both challenges and opportunities. In its initial phases, the market experienced disruptions due to supply chain interruptions and lockdown measures, causing temporary setbacks in production and distribution. However, the pandemic also highlighted the critical importance of efficient manufacturing processes. This realization prompted many industries to reevaluate their operations, driving an increased adoption of IMRs to streamline production and reduce labor dependency. Moreover, the IMR market saw a surge in demand as manufacturers in essential industries like healthcare and packaging ramped up production to meet pandemic-related needs. As the world adapts to the 'new normal,' the IMR market continues to play a pivotal role in the resilient recovery of various sectors, underscoring its resilience and adaptability in the face of global challenges. 

Latest Trends

"Development of Eco-Friendly And Sustainable Formulations An Emerging Trend In The Market"

An emerging trend in the internal mould release agent (IMR) market industry is the development of eco-friendly and sustainable IMR formulations. With increasing environmental consciousness, manufacturers are focusing on reducing the ecological footprint of their processes. This has led to the launch of bio-based and water-based IMRs that offer efficient mold release properties while minimizing harm to the environment. Leading players in the IMR market, such as Chem-Trend, Henkel AG & Co. KGaA, and Croda International Plc, are at the forefront of this trend. They are investing heavily in research and development to create innovative, eco-friendly IMRs that cater to the growing demand for sustainable manufacturing solutions. These companies are also expanding their global presence through strategic partnerships and acquisitions to stay competitive in this dynamic market.

Internal Mould Release Agent (IMR) Market SEGMENTATION

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• By Type

Depending on the market given are types: Solvent-based IMR, Water-based IMR.

The Solvent-based IMR type will capture the maximum market share through 2028.

• By Application

The market is divided into rubbers, thermosetting resin, thermoplastics & others based on application.

The market players in cover segment like Rubbers will dominate the market share during 2022-2028.

Driving Factors

"Ever-increasing Demand for Lightweight Materials across Industries to Drive Market growth "

A pivotal driving factor behind the robust growth of the market is the ever-increasing demand for lightweight materials across industries. As manufacturers strive to enhance fuel efficiency in automotive and aerospace sectors, reduce energy consumption in construction, and improve overall product performance, lightweight materials have become indispensable. IMRs are instrumental in the production of lightweight composites, as they ensure smooth mold release and minimize imperfections during the molding process. This crucial role positions IMRs as an essential component in the quest for lightweight solutions, driving sustained demand and market expansion. As industries continue to prioritize efficiency and sustainability, the IMR market is set to thrive further.

"Burgeoning Adoption Of Advanced Manufacturing Technologies to Fuel Growth In The Market"

Another significant driver propelling the internal mould release agent (IMR) market growth is the burgeoning adoption of advanced manufacturing technologies. Industries worldwide are embracing automation, robotics, and Industry 4.0 practices to enhance production efficiency and reduce operational costs. IMRs play a pivotal role in this shift by ensuring seamless mold release in automated manufacturing processes, minimizing downtime, and improving overall operational efficiency As manufacturers continue to invest in smart factories and digitalization, the demand for IMRs is expected to rise consistently. These agents enable the smooth release of parts in intricate and automated production setups, ensuring consistent quality while reducing the risk of defects and production delays. Consequently, the integration of IMRs into modern manufacturing processes is a compelling factor fueling market growth.

Restraining Factor

"Rising Awareness And Regulatory Focus On Environmental Sustainability to Impede the Market"

One notable restraining factor impacting the sector is the rising awareness and regulatory focus on environmental sustainability. Governments and industry watchdogs are imposing stringent regulations to curb the use of certain chemicals, including some traditionally used in IMRs, due to their potential environmental and health impacts. This has led to a shift towards eco-friendly formulations. Adapting to these changing regulations and transitioning to greener alternatives poses a challenge for IMR manufacturers. They must invest in research and development to reformulate products, potentially increasing costs. Navigating this regulatory landscape while maintaining product efficacy is a key challenge influencing market dynamics.

Internal Mould Release Agent (IMR) Market Regional Insights

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"Asia Pacific to Lead the Market owing to Manufacturers Meeting Consumer Demands"

The leading region in the internal mould release agent (IMR) market share is Asia-Pacific, driven by its dynamic industrial landscape and substantial manufacturing activities. With countries like China, India, and Japan at the forefront, Asia-Pacific is witnessing rapid growth in sectors like automotive, construction, and electronics. These industries are increasingly adopting IMRs to optimize production processes, reduce costs, and enhance product quality. Additionally, the region's focus on innovation and technology adoption has propelled the demand for IMRs, making Asia Pacific a hotbed for market expansion. As manufacturers seek to meet the demands of a burgeoning consumer base, Asia Pacific is poised to maintain its lead in the IMR market, both in terms of market share and growth rate.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Chem-Trend (U.S.)
• AXEL (U.S.)
• Chukyo Yushi (Japan)
• Franklynn Industries (U.S.)
• Technick Products (U.K.)
• Münch Chemie (Germany)
• WN Shaw (U.K.)
• Henkel (Germany)
• Daikin (Japan)
• Ampacet (U.S.)
• Lanxess (Germany)
• E. und P. Wuertz GmbH & Co. KG (Germany)
• Lianyungang BLD New Material (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.