Release Coatings Market

Release Coatings Market Outlook (2023 to 2033)

The global release coatings market stands at US$ 189.9 million in 2023. Worldwide demand for release coatings is projected to reach a market value of US$ 312.25 million by the end of 2033, expanding at a CAGR of 5.1% over the assessment period (2023 to 2033).

Release coatings are based on silicone chemicals and are generally applied to plastic and paper substances. They work as release agents and allow adhesives for early release. Silicone is significantly used in coatings due to its improved adhesion and resistance to abrasion, moisture, and slip. In industrial processes, release coatings are used on paper, peel-of-stickers, and labels.

Rising demand and application of release coatings in different sectors, including food & bakery, hygiene, and labels are estimated to serve as crucial drivers for market growth. The emergence of digital label printing techniques and the requirement for water-based coatings are also boosting growth opportunities in the target market.

• Sales of silicone-based release coatings are predicted to increase rapidly at a CAGR of 6.1% and reach a market value of US$ 246.7 million by the end of 2033.
• Demand for release coatings in the United States is forecasted to rise at a CAGR of 5% and reach US$ 105.23 million by the end of 2033.

The medical industry is contributing to the increasing requirements for silicone as well as non-silicone release coatings. Moreover, the growing demand for silicone-based release coatings across different applications, including hygiene products, tapes & labels, etc., is generating lucrative opportunities for market players. End users of release coatings are looking for the customization of these products according to their requirements. Also, the development and production of PDMS (polydimethylsiloxane)-based release coatings are anticipated to offer excellent growth opportunities for industry players.

Fact.MR, a market research and competitive intelligence provider, in its recently published research report, provides a detailed analysis of market aspects. The report provides highly analytical insights about new developments, growth drivers, key trends, regional analysis, key limitations, industry players, and various other aspects to readers.

Report Attributes	Details
Market Size in 2023	US$ 189.9 Million
Projected Market Value (2033)	US$ 312.25 Million
Global Market Growth Rate (2023 to 2033)	5.1% CAGR
United Kingdom Market Growth Rate (2023 to 2033)	4.3% CAGR
Japan Market Value of (2033)	US$ 12.8 Million
South Korea Market Growth Rate (2023 to 2033)	3% CAGR
Growth rate of Tapes & Labels Segment (2023 to 2033)	5.5% CAGR
Key Companies Profiled	Momentive Performance Materials, Inc. Wacker Chemie AG Evonik Industries AG Hitac Adhesives and Coatings Inc. Product Release Europe Limited Mayzo, Inc. Omnova Solutions, Inc. Shin-Etsu Chemical Co., Ltd. Rayven, Inc.

Which Aspects are Contributing to Demand Growth for Release Coatings?

“Thriving Healthcare Sector Propelling Demand for Release Coatings”

Rapid growth of the healthcare sector worldwide is predicted to positively impact the sales of release coatings.

For instance,

• In 2019, the World Health Organization published a report with the title 'Global Spending on Health-A World in Transition'. The report mentioned that global health spending is transitioning at a rapid pace.

The healthcare sector has multiple applications of release coatings in the manufacturing of medical devices and various other pharmaceutical products. Since healthcare providers come across numerous medical casualties and emergencies around the world, sales of release coatings are projected to flourish at a significant pace as they are utilized in various medical devices.

Release coatings are widely used in the healthcare sector to provide lubrication in water-repellent polymers, anti-microbial liquids, and others. They are widely used to develop drug-releasing coatings. Furthermore, they are also used in the medical sector to reduce the friction of respiratory and orthopedic devices. Therefore, the increasing application of release coatings in the healthcare sector for various purposes is bolstering their sales.

“Rising Traction for Digital Label Printing Technology”

The digital label printing technology is becoming popular across the globe. Digital printing provides higher quality and precision, which is predicted to gain easy attention compared to other printing technologies. Therefore, sales of release coatings are forecasted to increase in digital printing due to their ability to provide finishing effects and protective functions.

What is Restricting Demand for Release Coatings to Some Extent?

“Constant Fluctuations in Prices of Raw Materials”

There are constant fluctuations in prices of raw materials that are used in the production of release coatings. This price fluctuation can limit the scope of customization of release coatings, which is estimated to have adverse impacts on their sales.

Production, storage, and transition of release coatings need modern technologies and costly set-up, which sometimes work as a major restraint against market growth opportunities.

What is a Major Challenge Faced by New Companies Entering This Market?

“Stringent Government Regulations on Newly Developed Release Coatings”

The imposition of stringent government regulations on release coatings is estimated to create challenges for market growth. Therefore, the industry players trying to enter the global market are concentrating on manufacturing release coatings that comply with standards set by government bodies. These newly produced release coatings are manufactured with lesser biocides, higher solid content, and low VOC (volatile organic compounds).

Country-wise Insights

Why are Suppliers of Release Coatings Concentrating on Japan?

“Highly Advanced Industrial Sector Contributing to Market Growth Opportunities”

Japan is forecasted to emerge as a high potential as well as a lucrative market for industry players owing to the highly advanced industrial sector along with well-developed manufacturing infrastructure.

• The Japan Export Government published a report on September 6, 2019. According to the report, the top United States imports from Japan are industrial machines, medical devices, pharmaceuticals, civilian aircraft and related parts, natural gas, etc.

Sales of release coatings are predicted to advance at a CAGR of 3.2% and reach a value of US$ 12.8 million by the end of 2033 in Japan. Release coatings are widely used to produce enteric coatings, tablet coating solutions, and others in pharmaceutical and medical sectors, which are further estimated to contribute to market growth.

Which Key Facets are Fueling the Demand for Release Coatings in South Korea?

“Flourishing Semiconductor Industry Generating Huge Demand for Tapes & Labels”

Demand for release coatings is forecasted to register a CAGR of 3% and reach a valuation of US$ 10 million by the end of 2033 in South Korea. Significant growth in the semiconductor industry in South Korea is attributed to the rising adoption of disruptive technologies, including artificial intelligence (AI), etc. This growth is expected to generate demand for tapes and labels, which is further predicted to boost the market growth.

Why is the United States Seeing High Sales of Release Coatings?

“Highly Developed Medical and Industrial Sectors Bolstering Sales of Release Coatings”

Backed by highly developed medical and industrial sectors, the United States market is predicted to remain a hub for providers of release coatings. Demand for release coatings in the United States is set to expand at a CAGR of 5% and reach a value of US$ 105.23 million by the end of 2033.

• On February 17, 2021, the Federal Reserve Government published a report titled ‘Industrial Production and Capacity Utilization - G.17 - The Fed’. The production in the industrial sector increased by 0.9% in January and rose by 1% in the manufacturing sector in the United States.

Release coatings are widely used in the industrial sector, therefore suppliers in the target industry are expected to experience higher product sales over the coming decade.

What is Stance of the United Kingdom in the Release Coatings Market?

“Presence of Several Release Coating Manufacturers”

The United Kingdom market is projected to advance at a CAGR of 4.3% and reach a size of US$ 15.3 million by the end of 2033. The presence of several market players in the United Kingdom is predicted to generate growth opportunities over the coming years.

Category-wise Insights

Which Properties of Silicone-based Release Coatings are Driving Their Sales?

“High Flexibility and Low Surface Tension of Silicon-based Release Coatings”

Silicone and non-silicone are the two prominent materials, which are used in the production of release coatings around the world. Between these two, silicone-based release coatings are commonly used due to their advantages, including high flexibility, low roughness, low surface tension, and heat-sensitive substrates.

Demand for silicone release coatings is anticipated to expand at a CAGR of 6.1% and reach a valuation of US$ 246.7 million by the end of 2033.

Which End Use Sector Accounts for High Consumption of Release Coatings?

“Release Coatings Widely Used in Tapes and Labels”

Medical, hygiene, industrial, tapes and labels, and other sectors are predicted to generate demand for release coatings. Demand for release coatings is predicted to remain high in PSA (pressure-sensitive adhesive) products, primarily tapes and labels and their demand is predicted to progress at a CAGR of 5.5% and reach a valuation of US$ 125.5 million by the end of 2033.

Release coatings are used on the back side of PSA tapes to provide the required tape roll unwind force, which is further estimated to boost their demand over the coming 10 years.

Key Market Players

Prominent suppliers of release coatings are concentrating on offering more user-friendly and effective coatings to target end users. They take efforts to attract trustworthy consumers. Industry players are incorporating various advanced production techniques, which help them to ensure product standards and product quality. The availability of effective supply chain management systems also ensures the safe and timely delivery of release coatings to respective end users.

Manufacturers of release coatings are strengthening their infrastructure and increasing investment capabilities to supply various silicone as well as non-silicone coatings.

For instance,

• In May 2020, Shin-Etsu Chemical Co. Ltd. developed a new technology to reduce the platinum amount, which is utilized in silicone-based release coatings. Key applications of these release coatings are labels, adhesive tapes, stickers, and release films. They are also used to manufacture process-release liners.
• In November 2019, Wacker Chemie AG opened its new facility for silicon metal production in Holla, Norway. The company made an investment of US$ 111 million in this plant, which is one of the prominent plants across the globe.

Key suppliers of release coatings are Momentive Performance Materials, Inc., Wacker Chemie AG, Evonik Industries AG, Hitac Adhesives and Coatings Inc., Product Release Europe Limited, Mayzo, Inc., Omnova Solutions, Inc., Shin-Etsu Chemical Co., Ltd., and Rayven, Inc.

Segmentation of Release Coatings Industry Research

• By Material :

  • Silicone
  • Non-silicone

• By Application :

  • Tapes and Labels
  • Industrial
  • Hygiene
  • Medical
  • Others

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa