Release Agents Market Segmented By Company, Type, Application and Region & Forecast (2019 – 2026)

The growth of the market is driven by the increasing demand for release agents in the bakery and pastry industries.

Market Size – USD 964.5 Million in 2018, Market Growth - CAGR of 4.6%, Market Trends – Increasing demand for release agents in the bakery and pastry industries.

The Release Agents Market is forecasted to grow from USD 964.5 Million in 2018 to USD 1.40 Billion by 2026, at a CAGR of 4.6%, during the forecast period. The market is primarily driven by the increase in demand for baked-food products globally.

Consumer acceptance of baked food items has fuelled demand for the market in bakery and confectionery, resulting in an increased demand for release agents. The increasing use of release agents in the confectionery and bakery industry due to the issue of products being stuck on the equipment has led the manufacturers to look to the use of release agent to prevent the stickiness problem, thus fuelling the demand for release agents on the global market.

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Developing countries like India, China, Argentina, Brazil, Chile, and Indonesia are likely to contribute more to the market for release agents in the coming years due to the changing consumer lifestyle in terms of food habits backed by high purchasing power.

The rising price of raw materials for release agents such as vegetable oil is a major factor inhibiting the growth of the global market for release agents.

Further key findings from the report suggest

• The Release Agents Market is forecasted to grow from USD 964.5 Million in 2018 to USD 1.40 Billion by 2026, at a CAGR of 4.6%, during the forecast period. The market is primarily driven by the increase in demand for baked-food products globally.

• Based on type, the market for liquid segment is expected to hold the largest market at USD 615.5 Million in 2026, at a CAGR of 5.4% during the forecast period. In addition to processed meat and convenience food, the use of liquid release agents for bakery and confectionery applications is constantly growing. Many specific liquid release agents have been introduced that are available in spray boxes to allow ease of use.

• The market for bakery segment held the largest share in 2018 and is expected to reach USD 634.4 Million in 2026, at a CAGR of 4.9% during the forecast period owing to the increased demand for baked goods. Baked products are classified into three broad segments: bread, biscuits and cakes; high demand is witnessed, mainly because of their low price, ease of production and increased popularity (due to their taste, nutritional value, varieties and ease of availability), making them a vital part of several meals.

• The market for vegetable oils is expected to reach USD 447.6 Million in 2026, at a CAGR of 5.1% during the forecast period. Recently, demand for non-hydrogenated vegetable oils has risen as it helps to increase the final product's shelf-life.

• The market for Europe held the largest market share in 2018 and is expected to reach USD 447.6 Million in 2026, at a CAGR of 5.1% during the forecast period. Because of the high demand for baked goods, the presence of key players in these regions and awareness of the benefits of using release agents has increased. Asia Pacific is projected to be the fastest-growing market during the forecast period due to increased awareness and increased production of processed food.

• The major players in the market are Avatar Corporation (US), Archer Daniels Midland Company (US), AAK AB (Sweden), Cargill (US), Dowdupont (US), Par-Way Tryson Company (US), Associated British Foods PLC (UK), Mallet & Company, Inc. (US), IFC Solutions, Inc. (US) and Lecico GmbH (Germany).

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Segments covered in the report:

This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the market on the basis of type, ingredient type, application and regional analysis.

Type (Kilo Tons) (Revenue, USD Million; 2016-2026)

• Solid

• Liquid

• Water-Based Release Agents

Ingredient Type (Kilo Tons) (Revenue, USD Million; 2016-2026)

• Vegetable oils

• Emulsifiers

• Wax & wax esters

• Antioxidants

Application (Kilo Tons) (Revenue, USD Million; 2016-2026)

• Bakery

o Breads

o Cakes & Pastries

o Cookies & Biscuits

• Confectionery Products

• Processed Meat

Region (Kilo Tons) (Revenue, USD Million; 2016-2026)

• North America

o US

• Europe

o France

o UK

• Asia Pacific

o China

o India

o Japan

• Latin America

o Brazil

• Middle East & Africa

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Catalyst Market Size, Share, Trends And Forecast To 2026| Top Key Players are BASF SE, Clariant AG, Evonik Industries AG, ExxonMobil Chemicals Co.

Increasing demand for petrochemicals from several end-use industries is expected to be a prime factor driving the market growth; The inclusion of high-grade polymers in producing commodities for domestic as well as the export-oriented sector is also expected to grow the market demand in the future.

Market Size – USD 18.03 Billion in 2018, Market Growth - CAGR of 4.4%, Market Trends 

The increasing global demand for clean and green fuels is fuelling the market growth.

The global Catalyst Market is estimated to reach USD 25.60 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the increasing demand for refined petroleum products, chemical synthesis, and petrochemicals, the ability of a catalyst to reduce the amount of energy to produce an end product and enforced environmental laws on emission control. Energy cost is also a notable driver in the catalyst market as several industries are using catalysts to reduce their energy cost.

Moreover, the demand for clean and green fuels has changed the trend of energy generation from conventional to clean resources. Cobalt, nickel and iron catalysts are the essential components used for clean energy generation processes, such as the Fischer-Tropsch synthesis. Fast expanding polymer and chemical manufacturing sectors are also expected to play a crucial role in the growth of the market. Also, supportive regulations regarding the production and usage of catalysts are expected to expand market growth over the next few years. Emission regulations are the prominent drivers for a wide range of application sectors. Also, the usage of catalysts for environmental and chemical applications is assumed to have the highest market growth.

APAC accounts for the largest market share of 28.30% in 2018, with its ever-growing consumer base for end products, and creating demand for the compound in industrial sector mainly in petroleum refining and chemical synthesis. APAC is expected to register substantial growth, owing to the developing economies, such as China and India and the increase in demand for automotive from the countries. Also, the rise in living standards and rapid industrialization activities in the region also encourage the growth and development of the catalyst market. Moreover, the development of biochemicals through catalysis offers various opportunities for the growth in future. However, limited development and distribution of new catalysts restrain the market growth.

Further key findings from the report suggest

• Emission regulations are the prominent drivers for a wide range of application sectors. Also, the usage of catalysts for environmental and chemical applications is also expected to boost market growth.

• Significant factors in the global catalyst market for the rising adoption of catalysts are increasing consumption of fuels and other chemical products, and rising investments in industries. Further, growing demand for producing more efficient products like low carbon number products, high octane number gasoline, and others has effectively boosted the growth of the market.

• Swiftly expanding polymer and chemical manufacturing sectors are also expected to play a crucial role in the growth of the market. Also, supportive regulations regarding the production and usage of catalysts are expected to expand market growth over the next few years.

• Metal-based catalysts is valued at USD 5.81 billion in 2018 and is estimated to reach USD 8.32 billion by 2026 at a CAGR of 4.5% during the forecast period, due to their availability and rise in global demand for industrial catalysts in refining.

• The market for organometallic material-based catalysts is anticipated to have the highest CAGR of 4.5% during the forecast period, due to the growing demand from chemical synthesis industry.

• By application, the catalyst market can be segmented into chemical synthesis, petroleum refining, and polymer formulation. Petroleum refining market of the application category accounts for the largest market share of 39.30% in 2018, due to the growing demand for catalysts in the manufacturing of fuels and other petroleum products. The importance of using catalysts has increased mainly due to the increased demand for fuels and the implementation of environmental standards in industries like automotive and polymers.

• Heterogeneous market of the type segment has the largest market share on account of full product usage in the polymer industry. It is used in the form of vanadium oxide and also for the production of sulfuric acid, which is increasing due to growing demand of this acid in oil refining, chemical synthesis, and wastewater processing. This is also expected to fuel the need for heterogeneous catalyst soon.

• Heterogeneous catalysts are solids and can also be added into solid or liquid reaction mixtures. The demand for heterogeneous catalysts is expected to grow at a CAGR of 4.4% during the forecast period and accounts for the largest market share of 61.12% in 2018. The traditional favorability of the compound is mainly due to its easily separable nature from reactants which makes the recovery process straightforward and minimizes the purification steps.

• The market players are primarily focused on developing new technologies to meet the requirements of users. Various companies are also involved in numerous merger & acquisitions as their essential strategy is to maintain sufficient market share. These factors are expected to have a positive impact on industry growth over the next few years.

• The market for MEA is valued at USD 4.36 Billion in 2018 and is estimated to reach USD 6.22 Billion by 2026. It is expected to be the second fastest-growing regional market during the forecast years.

• Key participants include DowDuPont Inc., Albemarle Corporation, Chevron Phillips Chemical Company LLC, BASF SE, Clariant AG, Evonik Industries AG, Johnson Matthey, ExxonMobil Chemicals Co., INEOS AG, and WR Grace & Co.

For the purpose of this report, Reports and Data have segmented global Catalyst Market on the basis of Catalyst Type, Product, Application, and region:

Catalyst Type Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)

Homogeneous

Heterogeneous

Product Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026) 

Zeolites

Metals

Chemicals

Organometallic

Application Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)

Petroleum Refining

Chemical Synthesis

Polymer formulation

Others

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