Top 10 Release Coating Companies in World: Growing Demand for Labelling from Various End-User Industries to Drive Market Growth

Release coating is used in the labels’ backing surface and tapes during production. The coating is generally silicone and non-silicone, providing a smooth, and clean release of the backing sheet. The increasing demand for release coating from end-use industries has surged over the past years.

As per a report by Fortune Business Insights™, the market for release coating is projected to grow from USD 287.0 million in 2022 to USD 455.4 million by 2030 at a CAGR of 6.4% over the forecast period.

Fortune Business Insights™ Profiles Top 10 Key Players/Companies of Release Coating

1. Dow

The company was founded in 1897 and is headquartered in the U.S. It combines science and technology to create new solutions in collaboration with its partners. The company offers a wide range of high-performance products such as coatings, high-performance plastics, silicones, and industrial intermediates for clients in various sectors such as packaging, infrastructure, consumer care, and mobility. Dow has a global presence with 106 manufacturing sites in 31 countries and employs approximately 35,700 people.

• November 2021: Dow announced a new solvent-free silicone coating product to decrease misting and improve production efficiency in high-speed coating operations.

2. Shin-Etsu Chemical Co., Ltd.

The company was founded in 1926 and is headquartered in Japan. Shin-Etsu Chemical Co., Ltd. is a global company involved in the manufacturing of more than 5,000 products, consisting of resins & oligomers, silicone fluids, rubbers, silicone powders, and liquid rubbers for different end-use industries such as wind, paper & pulp, electrical & electronics, personal care, and others. The company collected a revenue of USD 4.89 billion in the fiscal year 2022. The company is present is Taiwan, the U.S., China, and South Korea, with 13 production bases, 5 R&D centers, and 16 sales centers. Shin-Etsu Chemical Co., Ltd is one of the biggest silicone manufacturers in Japan.

• October 2022: Shin-Etsu Chemical Co., Ltd introduced transparent, water-resistant coating material for paper products. The aim of introducing the advanced products is to multiply revenues.

3. Momentive

The company was founded in 1857 and is headquartered in U.S. Momentive is the major prominent silicone manufacturing player worldwide. The company operates its business by delivering high-performance silicones and specialty materials to end-use industries. The company supplies silicone-release coating products such as SilForce UV, SilForce SL, Tospearl, and others.

• January 2021: Momentive acquired the silicone business of KCC Corporation. The goal was to strengthen the company’s global capabilities in advanced silicones. The company collected a revenue of USD 122.4 million in 2022.

4. Elkem

Elkem is a global company involved in various businesses such as mobility & transportation, digital communication, healthcare, smart cities & construction, and science & chemicals. The company is one of the leading producers of silicone-based materials involving release coating, silicon carbide, silicon powder, ferrosilicon, and fused silica. The company is functional in Asia Pacific, the Middle East & Africa, Europe, and the Americas, with 42 advanced manufacturing plants. It has generated a revenue of around USD 4.21 billion in 2022. The company delivers products with the international standard ISO 9001.

• November 2021: Elkem declared the finalization of a new manufacturing unit to produce high-quality organo-functional silicones for different end-use applications such as release coatings and personal care. The aim of the acquisition is to support its growth strategy.

5. Wacker Chemie AG

The company was founded in 1914 and is headquartered in Germany. The company has 26 production sites in Asia, Europe, and the Americas. It is a company that produces chemicals for various end-use markets globally. Life Sciences, silicone, polymer, and polysilicon are also areas that the company operates in. Europe has 10, America has eight, and Asia has eight.

6. Evonik Industries

The company was founded in 2007 and is headquartered in Germany. It is the second-largest chemicals company in Germany and one of the top release coating companies in the world. Evonik is one of the major specialty chemicals companies in the globe. The company functions through four business segments, specialty nutrition & care, additives, performance materials, and smart materials. Evonik operates in over 100 countries and has manufacturing sites in 27 countries across six continents. The company has a special business segment that delivers high-grade sodium silicate products that serve various industrial applications such as de-inking of recycled paper, pulp peroxide bleaching, and the production of silicon-based chemicals.

7. HITAC ADHESIVES & COATINGS

HITAC ADHESIVES & COATINGS delivers six high solids, non-silicone pre-dissolved release coating products for end-use applications, including pressure-sensitive tapes and labels. The company serves the end-use industries with silicone-release products such as HITAC RA-15W, HITAC RA-13W, and others. Majorly, the company has presence in North America and sells most of its products across the U.S. through retailers.

8. Mayzo, Inc. 

Mayzo was founded in 1986 and is headquartered in the U.S. The company manufactures antioxidants, light stabilizers & UV, beta nucleating, optical brighteners, and release coating. Mayzo Inc. offers extrudable, solvent-based masterbatches, and water-based release coating for end-use applications, including high-performance labels and tapes. Mayzo, Inc.’s research culture offers high-performing coating solutions, graphic film applications, and packaging solutions.

9. Rayven, Inc.

Rayven was established in 1954 and is headquartered in the U.S. It is ISO 9001:2015 certified silicone pressure-sensitive release coating and release liners manufacturer. The company has two manufacturing plants in St. Paul and Owatonna. The company provides different release liners, hot melt sensitive adhesives preferred in various end-uses, and transfer tapes, including labels, tapes, and lamination.

10. Synthomer PLC

Synthomer PLC has 5,200 employees globally. The company has production sites in the Americas, Asia Pacific, and Europe with 41 production sites, delivering more than 1530 products to end-user customers. Synthomer collected a revenue of USD 3.23 billion in 2022. It delivers its products to a wide range of silicone products. Thus, it is one of the leading providers of substantial polymer solutions.

Growing Demand for Labels from the Packaging Industry to Boost Market Development

The demand for the product in the coating market for label application has propelled the market growth. Owing to the attractive physical representation of these labels, they are mostly utilized in the consumer goods and packaging industries. Silicone labels are mainly used in the packaging industry that discloses contact details, specifications, marketing branding, health & safety warning, product, and pricing.