Mandrel Release Agents Market Size, Share, Growth, and Industry Analysis by Type (Solvent-based Mandrel Release Agents, Water-based Mandrel Release Agents, Others Mandrel Release Agents), by Application (SBR, NBR, EPDM, PVC, Others), and Regional Forecast to 2031

Updated On: 22 April 2024

Mandrel Release Agents Market Report Overview

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The global mandrel release agents market size was 60 million in 2021. As per our research, the market is expected to reach USD 78 million in 2028, exhibiting a CAGR of 3.8% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with mandrel release agents market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over. 

Mandrel release agents are used to prevent the build-up of adhesive on the mandrels used in rotational molding. The agents can be solvents or waxes and they must be applied consistently to the surface of the mandrels. Adhesive build-up on the mandrel can cause problems with part release and quality. It is a synthetic liquid lubricant which drastically reduce the friction between an uncured hose and the mandrel and remain operative until the cured hose has been removed from the hot mandrel. The market is based on various types such as Solvent-based mandrel release agents, water-based mandrel release agents, others mandrel release agents. Solvent-based mandrel release agents are used to prevent the bonding of molds or cores to the polymer surface during injection molding and removal. They also help in reducing tooling costs, scrapes & dings on molds and cores, progresses part quality by preventing warping & curling. Water-based mandrel release agents are used to prevent the bonding of plastic to metal in manufacturing molds. It is also used as a substitute for oil-based mandrels during the production process. The product is non-toxic and biodegradable, which makes it safe for use in food dealings uses. SBR is extensively used in automotive & transportation industry due to its outstanding resistance towards chemicals and heat. The high-performance nature of SBR makes it a suitable material for use in manufacturing hoses, seals and gaskets that are used across numerous industries including oil & gas, chemical processing and food processing among others. The EPDM segment is predictable to witness significant growth over the forecast period on account of increasing demand from tire manufacturers for manufacturing high-performance tires with enhanced durability at competitive prices. Participating are fixing their efforts on encouraging R&D. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Technological development are supporting the regional market growth. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact:  Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

COVID-19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID-19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

Latest Trends

"Use of Innovative Products to Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into solvent-based mandrel release agents, water-based mandrel release agents, others mandrel release agents.

Solvent-based mandrel release agents will capture the maximum market share through forecast period.

• By Application Analysis

According to application, the market can be segmented into SBR, NBR, EPDM, PVC, others.

Mandrel release agents market players cover segment as SBR will dominate the market share during forecast period.

Driving Factors

"Growing Use of Bio Based Materials to Boost The Market Growth"

Growing use of bio-based materials is gaining popularity due to the sustainable and environmentally friendly possessions of these materials. Manufacturers are also investing heavily in R&D to develop innovative release agents that offer improved things than the predictable ones. The demand motivated by the growth of these industry which is anticipated to enhance market growth.

"Technological Advancement and Development To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the mandrel release agents market growth. Growing investment in research and development activities and growing awareness about benefits of mandrel release are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices.

Restraining Factor

"High Cost to Hamper The Market Growth"

High cost is hampering development of the market. High cost associated with bio based release agents are involved in the restraining factors. Lack of knowledge and awareness is also another factor which is depleting the market growth. Technical difficulties will reduce the industry revenue.

Regional Insights

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"Asia Pacific To Dominate The Region Due To Technological Development"

Asia Pacific is further expected to witness growth in the mandrel release agents market share. The region is dominating the market due to high consumption levels coupled with growing demand from end-use industries. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

Key Industry Players

"Key players focus on partnerships to gain competitive advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.

List of Market Players Profiled

• Chem-Trend (U.S.)
• Struktol (U.S.)
• McGee Industries (U.S.)
• WN SHAW (U.S.)
• Evonik Industries (Germany)

Report Coverage

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.