The Global Shuttering Oil Market was valued at USD 365 million in 2023 and is projected to reach USD 500.05 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.60% during the forecast period (2024–2030). This growth is driven by rapid urbanization, infrastructure development projects, and increasing adoption of sustainable formwork solutions in construction.

As concrete construction techniques evolve with stricter environmental regulations, the industry relies on specialized chemical manufacturers developing advanced shuttering formulations. This blog profiles the Top 10 Shuttering Oil Companies leading the market with innovative release agents and environmentally friendly solutions.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Emulsol EBS series, low-VOC shuttering oils

BASF leads the market with its comprehensive construction chemicals portfolio. Their emulsified shuttering oils provide superior concrete release performance while meeting stringent EU VOC regulations.

Innovation Highlights:

• Water-based formulations with 97% biodegradability

• Closed-loop recycling system for used formwork oils

• Targeting carbon-neutral production by 2030

Download FREE Sample Report: Shuttering Oil Market – View in Detailed Research Report

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9️⃣ 2. Sika AG

Headquarters: Baar, Switzerland
Key Offering: Sika® Release line, bio-based formulations

Sika provides high-performance release agents for all formwork materials, including their patented vegetable oil-based solutions that reduce concrete surface staining by 68% versus mineral oils.

Sustainability Achievements:

• First Cradle to Cradle Certified® shuttering oil globally

• 90%+ biodegradable formula technology

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8️⃣ 3. Fosroc International Ltd.

Headquarters: Dubai, UAE
Key Offering: Nitobond S synthetic compounds

Fosroc specializes in advanced construction chemicals for critical infrastructure. Their high-temperature resistant shuttering oils are preferred for large-scale concrete pours in bridge and dam projects.

Technical Advantages:

• Patented anti-carbonation formula prevents discoloration

• Leading supplier for Middle East megaprojects

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7️⃣ 4. Wacker Chemie AG

Headquarters: Munich, Germany
Key Offering: GENIOSIL® silane-based agents

Wacker applies its silicone chemistry expertise to produce durable release films enabling up to 50 reuses of premium formwork systems.

Performance Features:

• Ultra-thin application (18 g/m² average coverage)

• Compatible with FRP and all formwork materials

Download FREE Sample Report: Shuttering Oil Market – View in Detailed Research Report

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6️⃣ 5. Pidilite Industries Ltd.

Headquarters: Mumbai, India
Key Offering: Roff Shakti cost-effective solutions

Pidilite dominates the price-sensitive Indian market with localized formulations optimized for tropical climates, widely used in residential and commercial high-rise construction.

Market Approach:

• Extensive South Asian distributor network

• Retail-focused small packaging options

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5️⃣ 6. Mapei S.p.A.

Headquarters: Milan, Italy
Key Offering: Antisol E eco-friendly release agents

Mapei combines sustainable practices with chemical engineering, producing shuttering oils that meet LEED certification requirements for green building projects.

Technical Innovations:

• Nano-additive enhanced plant-oil blends

• Custom solutions for architectural concrete finishes

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4️⃣ 7. Henkel AG & Co. KGaA

Headquarters: Düsseldorf, Germany
Key Offering: Thomsit multi-purpose formwork oils

Henkel serves the global precast concrete industry with specialized release agents ensuring flawless surface quality for architectural concrete elements.

Specialty Applications:

• High-precision concrete panel manufacturing

• Tunnel segment production

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3️⃣ 8. Euclid Chemical

Headquarters: Cleveland, Ohio, USA
Key Offering: Eucosal heavy-duty formulations

Euclid develops specialized oils for infrastructure projects, with viscosity-modified solutions performing in extreme temperatures from -20°C to 50°C.

Safety Features:

• Incorporated anti-dust additives

• Low-odor formulations for enclosed spaces

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2️⃣ 9. CICO Technologies Ltd.

Headquarters: New Delhi, India
Key Offering: Cicoil economical compounds

CICO has emerged as a key Asian manufacturer supplying cost-effective solutions to government infrastructure initiatives and private developments.

Strategic Focus:

• Bridge and metro rail project specialization

• ASEAN market expansion

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1️⃣ 10. Dritek Industries

Headquarters: California, USA
Key Offering: Release-All silicone formulations

Dritek manufacturers high-performance agents for architectural concrete and decorative applications including stamped concrete.

Performance Characteristics:

• Non-staining formulas for exposed aggregate

• UV-resistant chemistry for outdoor curing

Read Full Report: Shuttering Oil Market – View in Detailed Research Report

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🧱 Market Outlook: Sustainable Solutions Driving Innovation

The shuttering oil industry is undergoing significant transformation as environmental considerations become paramount. While traditional mineral oils still dominate, adoption of bio-based alternatives is accelerating rapidly.

📈 Key Market Developments:

• 25% market share projected for bio-based formulations by 2025

• Smart application monitoring integration gaining traction

• Performance-enhanced “intelligent” release agents entering market

• Prefab construction boom driving specialized product demand

Read Full Report: Shuttering Oil Market – View in Detailed Research Report

The companies profiled represent the technological leadership enabling more efficient, sustainable concrete construction globally.