Release Coating Market

Release Coating Market Material(Silicone, Non-Silicone), Formulation(Solvent Based, Solventless, Emulsions), Release Liner, Application (Labels, Tapes, Hygiene, Industrial, Medical, Food Bakery) and Region - Global Forecast to 2025

Report Code: CH 4963 Jan, 2021, by marketsandmarkets.com

[200 Pages Report] The release coating market is estimated to be USD 157 million in 2020 and is projected to reach USD 225 million by 2025, at a CAGR of 7.5% between 2020 to 2025. The rising awareness of health, increase consumer spending, growth of e-commerce, and increase of women workforce and the key factors driving sectors such as packaging, hygiene, consumer products, cosmetics, households, retails, and pharmaceuticals.

Release Coating Market

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COVID-19 impact on the global release coating market

The impact of COVID-19 has been severe, with the release coating market estimated to decline by 15.4% in 2020 in terms of value. All the end-user applications in the release coating market except for hygiene and medical is estimated to register negative growth due to factors such as lockdown, supply chain disruption, and decline in consumer spending affecting end-use industries such as packaging, electrical & electronics, logistics, hygiene & personal care, consumer goods, and retail. The panic buying of hygiene products during the start of the CVID-19 pandemic and the increased demand for medical attention pertaining to the COVID-19 pandemic is expected to keep the growth of hygiene and medical application positive.

Non-silicone release coating: the fastest-growing type of release coating in the material segment

The increasing environmental regulations are restraining the growth of silicone release coating in North America and the European region, while lenient regulatory standards in the APAC drives the silicone release coating to grow faster than other regions. The strict regulatory standards are driving the non-silicone release coating to register the fastest growth in the material segment during the forecast period.

Hygiene application is the fastest growing in the release coating market

Increasing penetration of hygiene products such as baby diapers, sanitary napkins, and adult incontinence products in the developing countries and increased consumption of premium hygiene products in the developed countries is expected to drive the global release coating market during the forecast period. The growing awareness, increasing consumer spending, and growth of e-commerce are the factors that are driving the hygiene application in the release coating market.

Release coating market dynamics

Driver: Rising global population, increase in per capita income, healthcare awareness is expanding the end-use markets

Better healthcare facilities are leading toward an increase in life expectancy. More than 75% of costs in healthcare facilities is from people suffering from chronic diseases, which in turn helps the growth of the medical device and equipment market. Various medical applications benefit from release coating, ranging from analytical and surgical instruments to sterilization equipment and packaging of pharmaceutical products. The release coating is particularly useful with implantable instruments such as orthopedic and respiratory devices due to their low friction qualities and ease of insertion. In the future, the growing demand for medical devices and equipment, and tools will drive the release coating market as the demand for healthcare facilities rise.

The aging population worldwide is driving the use of disposable medical devices and transdermal patches for therapeutics and pharmaceuticals. The rise in per-capita income in developing countries increases the expenditure on healthcare facilities. As the income level increases, people tend to choose better healthcare facilities. The growth in the medical industry will lead to the growth of the release coating market

Restraints: Differences in release control may result in failure of the release coating

Control release polymers (CRPs) are widely used in release coating for the tapes and label industries to increase the release force needed to remove a label or transfer the adhesive from a release liner during delamination. These tight-release liners are used with removable labels where premature delamination is a concern and with transfer adhesives where there must be a release differential between the two liners of the laminate construction. Tight release control depends upon various factors such as adhesive formulations, adhesive thickness, laminate storage conditions, liner handling, and incomplete cure. Any of these factors could contribute to a significant difference in release control. In the absence of suitable release control as per different substrates, release coating could become soft and break easily, thus affecting the very purpose of non-sticking. However, many big manufacturers are coming up with advanced technologies that can help in delivering good controlled release across a wider range of substrates while supporting increasing line speeds and volumes, maintaining superior quality, and thus reducing systems costs.

Opportunity: Opportunities for Polydimethylsiloxane (PDMS) based release coating

Among different materials, silicones are preferred as they can be applied and cured into a PDMS network on various backing substrates, thereby limiting migration problems. They also offer substantially lower release forces than other materials.

The silicone polymer may be selected on the basis of specific release capabilities and other desired properties depending upon the end applications. The preferred silicone polymers are the PDMS polymers, although the organomodified polymers may be used. Coatings made from PDMS offer excellent anchorage to many different substrates and are compatible with a wide variety of adhesives. Furthermore, PDMS based release coating can be cured quickly, and they are easy to adjust. It enhances the processing, release performance, and cost-effectiveness of the substrate on which coating is applied.

Other materials such as fluorocarbons, carbamates, polyacrylates, and polyolefins can also be used by the manufacturers while producing release coating, as they provide a cure temperature of 210˚F and efficient performance to various applications such as tapes, labels, and packaging. However, due to the inexpensive nature and other superior properties of PDMS based release coating, many big manufacturers are focusing on PDMS based release coating

Challenges: The development of cost-effective products under stringent environmental regulations is a challenge

Increasingly stringent environmental regulations governing the use of release coating have compelled manufacturers to develop products with low VOCs, high solid content, and less harmful biocides. REACH, Green Seal, SED, and BPD are stringent environmental regulations to cut down the usage of VOCs and HAPs. This has resulted in technical difficulties in the use of solvent-borne coatings. These regulations also make the industries shift to eco-friendly coatings. However, the challenge exists in the development of new products that conform to these strict regulations and also make it efficient for the industries economically.

APAC estimated to be the fastest-growing market for release coating

Asia-Pacific is estimated to be the fastest-growing market for release coating. This high growth is associated with the increasing penetration of hygiene products in the APAC countries. China is projected to be the largest market for release coating in APAC, followed by Japan. India, South Korea, Indonesia, Taiwan, and Malaysia are other major countries contributing to the growth of the release coating market in the region. The growing pharmaceutical, retail, consumer goods, cosmetics, and household segments in the region drive the packaging industry, and with it, the label application grows, which holds the largest share in the APAC release coating market.

The semiconductor industry in the region is anticipated to pick growth with the increasing adoption of disruptive technologies such as Artificial Intelligence (AI) and 5G during the forecast period. This growth drives the demands of tapes application in the release coating market. Countries such as Taiwan, China, Japan, and South Korea are the front runners in this upcoming development.

The packaging industry in developing economies such as India, Indonesia, Malaysia, and other South East Asian countries is expected to grow in double digits during the forecast period. The fast-growing packaging industry drives the label application of the release coating market in the region, with the application holding a major share in the market.

Release Coating Market  by Region

Key Market Players

The key companies profiled in the release coating market research report are Dow (US), Wacker Chemie AG (Germany), Elkem (Norway), Evonik Industries AG (Germany), Shin-Etsu Chemical Co. Ltd. (Japan), Omnova Solutions Inc. (US), Momentive Performance Materials Inc. (US), Mayzo Inc. (US), HITAC Adhesives and Coatings (US) and SOLV Inc. (US).

Scope of the report

Report Metric

Details

Years Considered

2018–2025

Base year

2019

Forecast period

2020–2025

Unit considered 

Value (USD Thousand), Volume (Ton)

Segments

Material, Formulation, Release Liner, Application, and Region

Regions

APAC, North America, Europe, South America, and Middle East & Africa

Companies

The major players are Dow (US), Wacker Chemie AG (Germany), Elkem (Norway), Evonik Industries AG (Germany), Shin-Etsu Chemical Co. Ltd. (Japan), Omnova Solutions Inc. (US), Momentive Performance Materials Inc. (US), Mayzo Inc. (US), HITAC Adhesives and Coatings (US) and SOLV Inc. (US).

This research report categorizes the release coating market on the basis of material, formulation, release liner, application, and region.

On the basis of material

  • Silicone
  • Non-silicone

On the basis of formulation

  • Solvent based
  • Solventless
  • Emulsions

On the basis of release liner

  • Paper Liners
  • Filmic Liners

On the basis of application

  • Labels
  • Tapes
  • Hygiene
  • Industrial
  • Medical
  • Food bakery
  • Others (Envelope and graphic)

On the basis of region

  • North America
  • South America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)

The market has been further analyzed for the key countries in each of these regions.

Recent Developments

  • In May 2020, Shin-Etsu Chemical Co. Ltd. developed a new technology for reducing the amount of platinum used in silicone release coatings by about one-half. The main applications are primarily as coated release paper for stickers, labels, and adhesive tapes as well as for release films and manufacturing process release liner.
  • In November 2019, Wacker Chemie AG opened a new silicon metal production facility in Holla, Norway. The company invested USD 111 million in the new plant. The new furnace in this location is one of the largest in the world.

Frequently Asked Questions (FAQ):

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Table of Contents

1 Introduction
     1.1 Market Scope 
           1.1.1  Market Definition
           1.1.2  Market Covered
                    1.1.2.1 Release Coating Market, By Material
                    1.1.2.2 Release Coating Market, By Release Liner
                    1.1.2.3 Release Coating Market, By Formulation
                    1.1.2.4 Release Coating Market, By Application
                    1.1.2.5 Release Coating Market, By Region
           1.1.3  Years Considered for The Study
           1.1.4  Currency
           1.1.5  Package size
           1.1.6  Limitations
           1.1.7  Stakeholders
           1.1.8  Summary of Changes

2 Research Methodology
    2.1 Market Size Estimation 
           2.1.1
           2.1.2 Top-Down Approach
    2.2 Market Share Estimation
           2.2.1  Key Data from Secondary Sources
           2.2.2  Key Data from Primary Sources
                    2.2.2.1 Key Industry Insights
                    2.2.2.2 Breakdown of Primary Interviews 
    2.3 Data Triangulation 
           2.3.1  Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Attractive Market Opportunities for  Release Coating Market
    4.2 Top Region in Release Coating Market
    4.3 Release Coating Market, By Material
    4.4 Release Coating Market, By Release Liner
    4.5 Release Coating Market, By Formulations
    4.6 Release Coating Market, By Application
    4.7 Release Coating Market, By Region

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
           5.2.2 Restraints
           5.2.3 Opportunities
           5.2.4 Challenges
    5.3 Porter’s Five Forces 
    5.4 Coating Ecosystem 
    5.5 Coatings Trade Analysis 
    5.6 Average Selling Price Analysis 
    5.7 Technology Analysis 
    5.8 Regulatory Landscape 
    5.9 Innovation (Patent Analysis)
    5.10 Value Chain Analysis 
    5.11 Forecast Factors Impacting Growth
    5.12 YC, YCC Shift
    5.13 COVID19 Impact Analysis 
    5.14 Macro-economic Indicators 

6 Release Coating Market, By Material – Forecast till 2025 ( in Tons and USD Thousand)
    6.1 Introduction
    6.2 Silicone
    6.3 Non-Silicone

7 Release Coating Market, By Release Liner – Forecast till 2025 ( in Tons and USD Thousand)
    7.1 Introduction
    7.2 Paper liners
    7.3 Filmic liners

8 Release Coating Market, By Formulation – Forecast till 2025 (in Tons and USD Thousand)
    8.1 Introduction
    8.2 Solvent-Based 
    8.3 Solventless
    8.4 Emulsions

9 Release Coating Market, By Application– Forecast till 2025 ( in Tons and USD Thousand)
    9.1 Introduction
    9.2 Labels 
           9.2.1 Impact of megatrends in the labels
    9.3 Tapes
           9.3.1 Impact of megatrends in tapes
    9.4 Hygiene
           9.4.1 Impact of megatrends in hygiene
    9.5 Industrial
           9.5.1 Impact of megatrends in industrial
    9.6 Medical
           9.6.1 Impact of megatrends in Medical
    9.7 Food Bakery
           9.7.1 Impact of megatrend in food & bakery
    9.8 Others (envelope, graphic arts) 

10 Release Coatings Market, By Region – Forecast till 2025 ( in Tons and USD Thousand)
    10.1 Introduction
    10.2 North America 
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
    10.3 Europe
             10.3.1 Germany
             10.3.2 UK
             10.3.3 France
             10.3.4 Russia
             10.3.5 Italy
             10.3.6 Rest of Europe
    10.4 Asia-Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 South Korea
             10.4.5 Taiwan
             10.4.6 Indonesia
             10.4.7 Malaysia
             10.4.8 Rest of APAC
    10.5 Middle East & Africa
             10.5.1 Saudi Arabia
             10.5.2 South Africa
             10.5.3 Rest of Middle East & Africa
    10.6 South America
             10.6.1 Brazil
             10.6.2 Argentina
             10.6.3 Rest of South America

11 Competitive Landscape
    11.1  Introduction
    11.2 Company Evaluation Matrix Definition And Technology 
             11.2.1 Market Share & Industry Tier Structure Analysis
             11.2.2 Product Footprint
             11.2.3 Star
             11.2.4 Emerging Leader
             11.2.5 Pervasive
    11.3 Company Evaluation Matrix 2019
    11.4 Competitive Scenario
             11.4.1 Expansions
             11.4.2 Acquisitions
             11.4.3 New Product launches
             11.4.4 Market Strategy Analysis
             11.4.5 Revenue Analysis of Top Players

12 Company Profiles
(Business Overview, Financials, Impact of Covid-19 on Business Segment, Products & Services, Recent Developments and MNM View)* 
             12.1.1 DOW
             12.1.2 Wacker Chemie AG
             12.1.3 Momentive Performance Materials Inc.
             12.1.4 Elkem
             12.1.5 Evonik Industries AG
             12.1.6 Shin-Etsu Chemical Co., Ltd
             12.1.7 Omnova Solutions Inc. (Synthomer Plc.)
             12.1.8 Mayzo
             12.1.9 Rayven Inc.
             12.1.10 Product Release Europe Ltd.
             12.1.11 HITAC Adhesives & Coatings Inc.
             12.1.12 SOLV Inc.
             12.1.13 SILIBASE SILICONE
             12.1.14 Loparex
             12.1.15 PT Lautan Luas Tbk
             12.1.16 Ulterion International

13 APPENDIX 
    13.1 Discussion Guide 
    13.2 Knowledge Store: Marketsandmarkets Subscription Portal 
    13.3 Related Reports 
    13.4 Author Details  

The study involved four major activities for estimating the current size of the global release coating market. Exhaustive secondary research was carried out to collect information on the market, the peer product market, and the parent product group market. The next step was to validate these findings, assumptions, and sizes with the industry experts across the value chain of release coating through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the release coating market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, edana.org, associations were referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The release coating market comprises several stakeholders such as raw material suppliers, technology developers, release coating companies, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of the label and tapes applications. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Following is the breakdown of primary respondents

Release Coating Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the global release coating market and to estimate the sizes of various other dependent submarkets. The research methodology used to estimate the market size includes the following:

  • The key players in the industry were identified through extensive secondary research.
  • The supply chain of the industry and market size, in terms of value, were determined through primary and secondary research.
  • All percentage shares split, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of key industry players along with extensive interviews with key officials, such as directors and marketing executives.

Release Coating Market  Size, Bottom-Up Approach

Release Coating Market  Size, Top-Down Approach

The overall market size has been used in the top-down approach to estimate the sizes of other individual markets mentioned in the segmentation through percentage splits derived using secondary and primary sources.

For calculating each type of specific market segment, the size of the most appropriate immediate parent market has been considered for implementing the top-down approach. The bottom-up approach has also been implemented for data extracted from secondary research to validate the market sizes, in terms of value and volume, obtained for each segment.
The exact values of the overall parent and individual markets have been determined and confirmed through the data triangulation procedure and validation of data through primary interviews. The data triangulation procedure implemented for this study is explained in the next section.

Data Triangulation

After arriving at the total market size through the estimation process explained above, the overall market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market size estimation process and arrive at the exact statistics for all segments and sub-segments. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size was validated by using both the top-down and bottom-up approaches. Then, it was verified through primary interviews. Hence, for every data segment, there are three sources-top-down approach, bottom-up approach, and expert interviews. The data were assumed to be correct when the values arrived at from the three sources matched.

Report Objectives

  • To define, describe, and forecast the global release coating market on the basis of material, formulation, release liner, application, and region
  • To forecast the market size, in terms of value and volume, of the five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America
  • To provide detailed information regarding the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders and details of a competitive landscape for market leaders
  • To strategically profile the key players and comprehensively analyze their key developments such as new product launches, capacity expansions, mergers & acquisitions, and partnerships in the release coating market

Available customizations

Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:

Country Information:

  • Release coating market analysis for additional countries

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)

Pricing Analysis:

  • Detailed pricing analysis for each type of release coating products
COVID-19

Get in-depth analysis of the COVID-19 impact on the Release Coating Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Release Coating Market

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Report Code
CH 4963
Published ON
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