"Innovative Market Solutions to Help Businesses Make Informed Decisions"
The global release coating market size was valued at USD 287.0 million in 2022, and it will grow from USD 295.0 million in 2023 to USD 455.4 million by the end of 2030, with a CAGR of 6.4% during the forecast period.
The release coating is the material applied to the labels' backing surface and tapes during their production process. This coating is usually made of silicone and non-silicone that offers a smooth, and clean release of the backing sheet. For instance, the solventless silicone coating agent is utilized in medical, hygiene products, label stock, consumer, industrial products, and pressure-sensitive tape. These silicone and non-silicone coating materials enable excellent properties over the glued coating. The labels made using these materials release with the minimum or negligible part of the label, tape, or paper material remaining stuck to the surface where it was applied. Therefore, the demand for the release coating from end-use industries has gradually increased over the past years.
Decline in Product Demand from End-use Industries Due to Imposed Lockdown Impacted Market during COVID-19
COVID-19 impacted release coating market growth as the restriction on the manufacturing units in various industries caused a decline in release coating consumption from labels, tapes, food bakeries, graphic films, and industrial applications. This has resulted in a negative growth rate and a huge supply chain disruption in the coating market. On the other side, the fluctuations in the price of crude oil further impacted the coating market as crude oil by-products, including silicone metal and methanol, are the basic chemicals consumed in coating production. Thus, all these factors impacted the market growth during COVID-19. On the contrary, the rise in the medical and hygiene industries boosted coating demand during the pandemic.
Request a Free sample to learn more about this report.
Growing Popularity of Polydimethylsiloxane-Based Release Coating to Foster Market Growth
The demand for polydimethylsiloxane (PDMS) -based release coating is an emerging trend in the market. The PDMS offers desired properties, it cures quickly on various backing substrates, and limits migration problems. Additionally, it provides enhanced release performance and great cost-effectiveness. Thus, the PDMS-based coating has created a space for the new and existing coating manufacturers to establish their presence in the market.
Moreover, the key manufacturers started to develop the PDMS-based released coating with other materials, including carbamates, fluorocarbon, polyolefins, and polyacrylates. These combinations of the materials with PDMS-based release coating cure at 210 degrees Fahrenheit that is appropriate for different end-use applications such as labels, tapes, and hygiene. Therefore, multiple opportunities exist in the market for coating manufacturers.
High Usage of the Labels in the Packaging and Consumer Goods Industries is Anticipated Drive Market Growth
The release coating market share has increased in the coating market due to the rise in product demand from the label application. These labels are utilized in the packaging and consumer goods industries due to their physical representation. Silicone labels are mainly preferred in the packaging industry that discloses contact details, product specifications, health & safety warning, marketing branding, and pricing. Additionally, the usage of labels in consumer and household products has drastically increased over time. The various companies showcase their brand and value to generate strong and long-lasting visual interest using barcode labels. Moreover, the key market players use these labels to track and trace purposes due to their digital printing capability with the variable data barcodes that enhance supply chain efficiencies. Thus, the increased advertisement in the consumer goods industry for different brands is further surging release coating demand.
On the other hand, the rise in the medical industry has led to higher release coating consumption after COVID-19. These coatings are highly utilized in medical tools, devices, and products such as mounting presses, waxes, and sanitary napkins. Therefore, the utilization of the release coating in the packaging and consumer goods industries is anticipated to boost the market during the forecast period.
Variations in Release Control Factor of Release Coating May Hamper the Market Growth
In tape and label manufacturing, the control release coating is widely utilized as it provides the release force required to remove a tape or label. Therefore, the tight-release liners are usually combined with the removable labels. They control multiple factors, such as thickness, adhesive formulation, laminate storage conditions, and liner handling. Therefore, the significant variation in these factors led to the failure of the release control coating.
On the other hand, fluctuations in the raw material price are the other key restraint for the global market. In the coating, some raw materials are obtained from crude oil. Therefore, the up and downs in the crude oil price affect the coating production.
Silicone Type Segment to Register Appreciable Growth Owing to Expanding Usage in the Labels Industry
On the basis of the type, the market is segmented into silicone and non-silicone.
The silicone segment's growth is associated with its properties as it offers multiple-layer construction. Most of the time, the coatings are applied on the off-line coaters, which are highly compatible with various adhesive technologies. Therefore, silicone coating provides an excellent layer of adherence to protect the adhesive units from damaged cracks over time.
The non-silicone coating such as fluoropolymer offers remarkable chemical specifications to end-use applications as it provides a great resisting temperature range from 100°F to 500°F. Moreover, the fluoropolymer has high tensile strength and excellent chemical stability, making it preferable as the release agent. Thus, the segment's growth has increased gradually over the past years.
Solventless Segment to Register a Significant Growth Rate Due to its Chemical Properties
Based on formulation, the market is segmented into solvent-based, solventless, emulsion, and others. The solvent-based segment had significant growth owing to the demand from industrial and graphic film applications. These solvent-based coatings provide stable releasing properties to the polymer films used to produce tapes and labels.
The growth of the solventless segment is associated with the rising demand for advanced releasing material from the packaging industry. This solventless coating reduces the manufacturing cost as it can be applied easily to the PE films used in tapes, and labels.
The emulsion segment accounted for a significant market share in 2022. The demand for water and oil-based emulsion for manufacturing high-quality waterproof tapes is anticipated to drive the segment growth during the forecast period.
To know how our report can help streamline your business, Speak to Analyst
Labels Segment to Exhibit Significant Growth Rate from Packaging Industry Due to its Printing Capability
In terms of application, the market is segmented into labels, tapes, hygiene, industrial, medical, food bakery, graphic films, and others.
The growth of the labels segment is due to the high demand from the packaging industry. They provide product information, pricing, and printability enabling the track and trace option for accurate shipment and logistics details. Therefore, the rise in consumption of labels in the packaging industry further surges the release coating demand.
The growth of the tapes segment is associated with the rise in the e-commerce industry. After COVID-19, consumers started to buy goods online, which surged the drastic demand for microflute cartoons and boxes. The silicone release-based tapes are highly utilized to seal these boxes. Thus, the rise in the e-commerce sector boosted the tape demand, further surging the coating demand.
The rise in consumer awareness of health and hygiene after a massive hit of the pandemic surged the demand for products such as removable bandages and paper-based wax. The coating agent is highly used in these products as it provides desirable adhering properties.
The growth of the industrial, graphical film, and food bakery segment has been associated with the rise in industrialization as the product is consumed in the components such as impellers, bladers, tins & trays, and non-sticky food paper.
Asia Pacific Release Coating Market Size, 2022 (USD Million)
To get more information on the regional analysis of this market, Request a Free sample
The market size in the Asia Pacific was valued at USD 112.9 million in 2022, and China has the largest share in the region. The market growth in the region is associated with the rise in the packaging industry. The region has a high population. The busy lifestyle and change in behavior for food product consumption created an opportunity for the food and packaging industries, further propelling the label requirement. The coating is one of the key materials used in the labels. Therefore, the coating market will grow in the forecast period.
The market growth in North America is associated with the rising e-commerce industry. The consumption of removable tapes and labels is elevated in the e-commerce industry. These tapes and labels are used to track and trace the parcels. Therefore, the market is expected to grow significantly during the forecast period.
The market in Europe had significant gains owing to the high per capita income and modern lifestyle. Moreover, the beauty and personal care industry has a strong presence in the region on account of a large number of manufacturers. This has resulted in a rise in the consumption of packaging materials such as microflute cartoon boxes, tapes, and labels, further surging the product demand.
To know how our report can help streamline your business, Speak to Analyst
Rapid industrialization in Latin America is associated with the growing demand for the release coatings. At the same time, the product market in the Middle East & Africa is expected to grow at a moderate CAGR during the forecast period owing to the entrance of key product manufacturers and suppliers.
Key Players to Strengthen Their Position by Increasing Regional Presence Worldwide
Leading companies in the market include Dow, Wacker Chemie AG, Evonik Industries, and Shin-Etsu Chemical Co., Ltd. Dow has a strong presence in the Americas, Asia Pacific, Europe, and Middle East & Africa. The company offers a wide range of coating agents. Similarly, leading players have established a strong regional presence, robust distribution channels, and varied product offerings.
An Infographic Representation of Release Coating Market
To get information on various segments, share your queries with us
The research report provides a detailed market analysis and focuses on crucial aspects such as material types, formulation, applications, and leading companies. It provides quantitative data in terms of value, and volume, research methodology for market size estimation, and insights into market trends. It highlights key industry developments, profiles leading players, and covers competitive landscape. In addition to the above mentioned factors, the report encompasses numerous factors that have contributed to driving the growth of the market over recent years.
CAGR of 6.4% from 2023 to 2030
Value (USD Million), Volume (Million Liter)
Material Type; Formulation; Application; and Geography
By Material Type
Fortune Business Insights says that the global market size was USD 287.0 million in 2022 and is projected to reach USD 455.4 million by 2030.
In 2022, the market value stood at USD 287.0 million.
Registering a CAGR of 6.4%, the market will exhibit rapid growth in the forecast period (2023-2030).
Labels is expected to be the leading segment in this market during the forecast period.
High usage of labels in the packaging and consumer goods industries is anticipated to drive market growth.
China held the largest share of the market in 2022.
Dow, Wacker Chemie AG, Evonik Industries, Shin-Etsu Chemical Co., Ltd., and Momentive are some of the leading players in the global market.
The rising e-commerce industry is expected to drive product adoption over the forecast period.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry