Release Coatings Market: Brief Overview
Release coatings are films that are coated along with a release agent on either one or two sides. Most often, release coatings are used as back side coatings for films and paper products for several pressure sensitive and cohesive adhesive applications. According to a report by Transparency Market Research (TMR), the global release coatings market is flourishing on account of the growing use of these coatings in the hygiene, food and bakery, and medical sector. Another driver for the growth of this market which has been identified is the growing demand for digital label printing process fuelled by the adhesive properties of release coatings. In addition to this, growing awareness about the importance of healthcare as well as improvement in the per capita income of the people are expected to bode well for the global release coatings market.
One of the factors that is anticipated to drive the growth opportunities for the global release coatings market is the manufacturing and development of mechanical flexographic printing process. On the other hand, the fluctuation in the cost of raw materials is expected to act as a roadblock. Also, various applications require high degree of customization, which is becoming a challenge for the market.
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Release Coatings Market: Trends and Opportunities
One of the trends which can be witnessed in the market is the growing demand for silicone based release coatings. This is on account of the reproduction of releasing force which is a property of silicone based release coatings, making them extremely effective where materials such as heat insulation, vibration or sound dampening, self adhesive are used. Non-silicone based release coatings on the other hand have the property of customized controlled release, making them useful in self-wound film tapes, surface protection tapes, and heat transfer labels
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It is anticipated that the demand for release coatings will increase across application areas such as medical, hygiene, tapes, labels, food and bakery, and industrial. The demand is growing on account of the various favorable characteristics of release coatings such asc resistance to chemicals, resistance to corrosion, resistance to heat, anti-stick, durability, chemical insulation, dielectric, and dry lubrication. Release coatings are also finding their use in food packaging and baking, receiving an impetus from the approval by the Canadian Food Inspection Agency (CFIA) and the U.S. Food and Drug Administration (FDA).
Release Coatings Market: Geography Analysis
On the basis of geography, the global release coatings market can be segmented into Latin America, North America, Europe, Asia Pacific, and Middle East & Africa. Of these, it is predicted that the market in Asia Pacific will grow at a tremendous pace on account of the fast expansion of developing nations. The main factor behind the growth of the market in this region is the emerging hygiene sector. Currently, North America and Europe have considerable share in the market. Latin America and Middle East & Africa are evolving markets for the release coatings market.
The report profiles leading players which are operating in the global release coatings market for the purpose of study. They are: Evonik Industries AG, Dow Corning Corporation, Momentive Performance Materials Inc., Wacker Chemie AG, and Rayven, Inc.