USD 294.9 million
Report ID:
SQMIG15E2651 |
Region:
Global |
Published Date: February, 2025
Pages:
196
|Tables:
94
|Figures:
76
Release Coating Market size was valued at USD 294.9 million in 2023 and is poised to grow from USD 314.36 million in 2024 to USD 524.19 million by 2032, growing at a CAGR of 6.6% during the forecast period (2025-2032).
Rapidly increasing use of labels in packaging, extensive use of release coatings in healthcare, advancements in silicone release coating technologies, rising adoption of digital printing technologies, and expanding application scope across different industry verticals are helping boost release coating sales going forward.
Release coatings prevent adhesives from sticking to unwanted surfaces, which makes them essential in almost all kinds of packaging applications. Booming use of labels in packaging coupled with the rapid expansion of the e-commerce industry are forecasted to bolster the sales of release coatings over the coming years. Surge in sales of self-adhesive labels and tapes is also expected to boost the adoption of high-performance release coatings through 2032.
Surging demand for advanced wound care and rising investments in the healthcare industry are also projected to bolster the global release coating market growth in the future. The use of release coatings in transdermal patches, bandages, and surgical tapes can also create new business scope for market players. High investments in R&D have led to the creation of next-generation silicone-based release coatings, including solvent-free and UV-curable systems thereby offering new revenue generation potential for companies around the world.
Extensive use of release coatings in automotive, electronics, and food & beverage industry verticals is also expected to offer new opportunities for release coating suppliers going forward. Growing adoption of digital printing technologies is also necessitating the adoption of release coatings in multiple industry verticals. However, fluctuations in raw material pricing, imposition of stringent environmental regulations, high costs of advanced coatings, competition from alternative technologies, and economic uncertainties are anticipated to be the key restraints for market development across the forecast period and beyond.
In September 2023, Evonik, a renowned specialty chemicals company from Germany announced the launch of new release coatings. The new TEGO® RC 2000 LCF UV LED curable release coatings are made from recycled silicone feedstocks to promote sustainability. Through this offering the label industry can create more sustainable liners to reduce their carbon footprint. Less energy intensive UV LED or traditional UV Arc lamps can be used to cure these novel release coatings. The new range of release coatings was showcased at the Label Expo Europe 2023 event in Brussels, Belgium.
In September 2023, Dow, a leading American multinational chemical company announced the launch of a new release coating range. SYL-OFF Protect is a selection of novel carbon-neutral silicone release coatings with PAS 2060 certification from a independent third party. These new release coatings work similar to traditional SYL-OFF Silicone Release Coatings with the only change being their reduced carbon footprint. The new offerings are also designed to minimize mist at very high speeds and offer a stable release along with fast curing capabilities.
Launching new release coatings should be the prime focus of market players to boost their revenue generation capabilities. Incorporation of sustainability is slated to present new business scope for release coating manufacturers in the long run. Targeting the packaging industry and specifically labeling applications can help companies make most of their investments across the global release coating market forecast. Use of UV and electron beam (EB) curing technologies can also help release coating companies innovate and launch new offerings in the long run.
Market snapshot - 2025-2032
Global Market Size
USD 294.9 million
Largest Segment
Silicone
Fastest Growth
Non-Silicone
Growth Rate
6.6% CAGR
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Global Release Coating Market is segmented by Material, Formulation, Release Liner, Application and region. Based on Material, the market is segmented into Silicone and Non-silicone. Based on Formulation, the market is segmented into Solvent based, Solventless and Emulsions. Based on Release Liner, the market is segmented into Paper Liners and Filmic Liners. Based on Application, the market is segmented into Labels, Tapes, Hygiene, Industrial, Medical, Food bakery and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Material Type
The silicone segment is forecasted to account for a substantial share of the global release coating industry going forward. High temperature resistance and flexibility offered by silicone release coatings is projected to help them bring in the most revenue for all companies. The ability of silicone to provide multiple-layer construction capabilities for release coating companies is also helping the dominance of this segment. Non-stick surface and exceptional chemical resistance of silicone-based release coatings are also projected to bolster their adoption among multiple industry verticals in the long run. The packaging and labeling industries are prime adopters of silicone-based release coatings.
Meanwhile, the demand for non-silicone release coatings is anticipated to rise at a notable pace over the coming years. Silicone residue from a traditional release coating can potentially cause contamination and disrupt the functionality of release coatings thereby promoting the popularity of non-silicone release coatings. Clean release offered by non-silicone release coatings is also expected to promote their adoption in the future. Certain adhesives may not be compatible with silicone, and this is also expected to favor the adoption of non-silicone release coatings across different industry verticals. Fluoropolymers and carbamates are projected to emerge as popular non-silicone release coatings for different applications across multiple industries.
Analysis by Application
The labels segment is estimated to bring in the most revenue for all release coating suppliers in the long run. Release coatings are highly important in labels to help them prevent the adhesive on a label from sticking to its backing sheet or other labels. Extensive use of labels across multiple industry verticals and the growing popularity of digital printing are also estimated to help this segment account for a prominent global release coating market share. Growing need for tracking labels in logistics and need for product information are also expected to bolster the demand for release coatings for labels in the long run.
On the other hand, the use of release coatings in tapes is slated to rise rapidly over the coming years. Booming e-commerce and online shopping industry has led to a major surge in demand for packaging materials such as tapes and adhesives on a global level. Essential role of tapes in packaging of e-commerce products is helping create new opportunities for release coating vendors focusing on this segment on a global level. Release coatings provide tapes with their unwinding properties thereby making them essential in maintaining the functionality of tapes. Demand for customizable release levels in tapes can also be fulfilled using different types of release coatings.
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The Asia Pacific region is slated to spearhead the demand for release coatings on a global level through 2032. The presence of multiple coating manufacturers, growing demand for packaging solutions, and booming e-commerce activity are helping this region bring in the most revenue in the future.
China is slated to emerge as the most opportune country in this region owing to rising exports of multiple commodities, extensive demand for advanced packaging, and rising use of digital printing technologies. Rising sales of packaged food and beverages coupled with rising disposable income of people are also offering new business scope for release coating vendors operating in India.
Presence of leading e-commerce companies and renowned manufacturing facilities are helping boost the sales of release coatings in the North American region over the coming years. The need for advanced package tracking in logistics is also estimated to offer new business scope for release coating providers.
The United States is slated to spearhead the sales of release coatings owing to high demand for packaged and convenience food products, high consumer spending potential on advanced packaging solutions, and growing automotive manufacturing.
The demand for release coatings in Europe is also expected to rise at an impressive pace through 2032 and beyond. The presence of leading packaging companies, growing emphasis on sustainability, and rising demand for high-performance release coatings are helping this region create new opportunities for market players.
Presence of a robust manufacturing base for multiple industry verticals in Germany allows it to emerge as the most rewarding country in this region. Extensive use of silicone release coatings for labels and tape manufacturing, presence of a developed automotive manufacturing industry, and high investments in the R&D of novel release coatings are cementing the dominance of Germany in Europe.
The demand for release coatings in Latin America is expected to grow at a steady pace owing to rapid industrialization in this region. Emphasis on improving quality of consumer goods, increasing proliferation of e-commerce industry, and growing use of packaging solutions are expected to offer new business scope for release coating suppliers. Growing disposable income of people in Brazil is helping it emerge as the leading country for release coating vendors operating in the Latin American region going forward.
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Release Coating Market Drivers
Surging Adoption of Digital Printing Technologies
Rapid Expansion of Food & Beverage Industry
Release Coating Market Restraints
Fluctuations in Raw Material Pricing
Environmental Concerns Regarding Use of Release Coatings
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Release coating companies should focus on product innovation and invest in R&D to maximize their business scope. Targeting the packaging industry can help release coating providers get the best returns on their investments. Focusing on industries with high adoption of digital printing services can also offer new opportunities for companies as per this global release coating market forecast.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, surging adoption of digital printing technologies and the rapidly increasing demand for packaging solutions are slated to boost the sales of release coatings in the long run. However, fluctuations in raw material pricing and environmental concerns regarding use of release coating are expected to hurt the demand for release coatings in the future. The Asia Pacific region is forecasted to account for a dominant share of global release coating demand outlook owing to the presence of leading coating manufacturers and growing e-commerce industry in countries such as India and China. Development of water-based and smart release coatings can help companies maximize their business scope in the long run. Release coating for labels is expected to bring in the most revenue for all release coating companies.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 294.9 million |
Market size value in 2032 | USD 524.19 million |
Growth Rate | 6.6% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Release Coating Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Release Coating Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Release Coating Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Release Coating Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Release Coating Market size was valued at USD 294.9 Million in 2023 and is poised to grow from USD 314.36 Million in 2024 to USD 524.19 Million by 2032, growing at a CAGR of 6.6% during the forecast period (2025-2032).
Release coating companies should focus on product innovation and invest in R&D to maximize their business scope. Targeting the packaging industry can help release coating providers get the best returns on their investments. Focusing on industries with high adoption of digital printing services can also offer new opportunities for companies as per this global release coating market forecast. 'PPG Industries (USA) ', 'Sherwin-Williams (USA) ', 'AkzoNobel (Netherlands) ', 'Nippon Paint Holdings (Japan) ', 'RPM International (USA) ', 'Axalta Coating Systems (USA) ', 'BASF Coatings (Germany) ', 'Asian Paints (India) ', 'Kansai Paint (Japan) ', 'Masco Corporation (USA) ', 'Jotun (Norway) ', 'Hempel (Denmark) ', 'Benjamin Moore & Co. (USA) ', 'SKSHU Paint Co., Ltd. (China) ', 'Berger Paints (India) ', 'DAW SE (Germany) ', 'KCC Corporation (South Korea) ', 'ICP Group (USA) ', 'Noroo Paint & Coatings Co., Ltd. (South Korea) ', 'Beckers Group (Sweden)'
Growing preference for digital printing across multiple industry verticals is projected to favor the global release coating market outlook. High-quality release coatings are necessary in digital printing applications to ensure smooth printing and prevent ink smudging. Extensive use of digital printing in commercial applications is also slated to present new business scope.
Use of Water-Based and Solvent-Free Release Coatings: Release coating providers should focus on developing new offerings targeting the sustainability trend to maximize their business scope. Growing imposition of new bans on VOCs and toxic chemicals around the world is projected to help make this a highly indispensable release coating market trend for all companies across the study period and beyond.
The Asia Pacific region is slated to spearhead the demand for release coatings on a global level through 2032. The presence of multiple coating manufacturers, growing demand for packaging solutions, and booming e-commerce activity are helping this region bring in the most revenue in the future.
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Report ID: SQMIG15E2651
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