Release coatings Market Summary
As per Market Research Future Analysis, the release coatings market is significantly driven by the healthcare sector, particularly in medical device manufacturing. The market, valued at USD 157 million in 2020, is projected to exceed USD 225 million by 2025, growing at a CAGR of 7.5%. The packaging industry remains the largest consumer, with non-silicone coatings gaining traction due to regulatory restrictions on silicone use. The COVID-19 pandemic impacted growth, but demand for personal care labels surged. Key challenges include raw material cost fluctuations and stringent government regulations affecting manufacturing efficiency.
Key Market Trends & Highlights
The release coatings market is witnessing notable trends and challenges.
- Market value expected to surpass USD 225 million by 2025; CAGR of 7.5%.
- Silicone coatings anticipated to hold the largest market share due to their cost-effectiveness and durability.
- Asia-Pacific region accounted for over 50% market share in 2015, continuing to grow.
- Digital label printing technology gaining momentum, enhancing precision and quality.
Market Size & Forecast
2020 Market Size | USD 157 million |
2025 Market Size Forecast | Over USD 225 million |
CAGR | 7.5% |
Major Players
Elkem (Norway), HITAC Adhesives and Coatings (US), SOLV Inc. (US), Dow Corning Corporation, Momentive Performance Materials, Evonik Industries AG, Mayzo Inc, OMNOVA Solutions Inc., Shin-Etsu Chemicals Co. Ltd., Wacker Chemie AG.