The construction industry in India is growing at a rapid pace in India, the primary contributor to which are the rising disposable income of people and increasing middle-class population in the country.The average real income of rural and urban India is predicted to increase by 3.6% and 5.7%, respectively, by 2025. Owing to these factors, the Indian construction industry is projected to generate a revenue of $738.5 billion by 2022. Furthermore, the industry in the country is expected to emerge as the third largest across the globe by 2025. Due to all these factors, the demand for mold release agents is also growing in the country.

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Mold release agents are basically required for molding processes, which include the manufacturing of bulk molding compounds and sheet molding compounds. In the construction industry, mold release agents are utilized when there is a need for preventing the adhesion of the freshly placed concrete on its molding surface. According to a P&S Intelligence report, the Indian mold release agents market reached a value of $114.6 million in 2018 and is expected to attain a value of $153.9 million by 2024, advancing at a 5.2% CAGR during the forecast period (2019–2024).

The two major types of mold release agents are solvent-based and water-based. The demand for water-based mold release agents is expected to increase considerably in the coming years, because of their environment-friendly nature and enhanced performance metrics. Water-based mold release agents does not contain any harmful solvents or chemicals that can prove hazardous for humans or the environment. The growing requirement for these products is further projected to result in the growth of the Indian mold release agents market in the near future.

Apart from concrete, some other applications of mold release agents are wood and fiber composites, rubber and other elastomers, tire, uncured rubber, die casting (ferrous and non-ferrous), plastic, and polyurethane processing. The largest demand for mold release agents was created for the polyurethane application in the past, majorly because of the rising requirement for polyurethane-based components from different industries including construction, automotive, and footwear. The requirement for these agents is predicted to increase further in the country because of growing development of smart cities.

Some of the major companies operating in the domain are Fosroc International Ltd.,TAG Chemicals GmbH, Chem-Trend L.P., Dow Inc., BASF SE,Wacker Chemie AG, Lanxess AG, ITW Chemin, Chem-Verse Consultants (India) Private Limited, BuildCore Chemicals, Technomak,and 3M India Ltd.
In conclusion, the expansion of the construction industry is driving the demand for mold release agents in the country.