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Silicone Film Market By Type (Silicone Film, Silicone Coated Film, And Silicone Release Liners), End-Use Industry (Medical, Packaging, Electronics, Industrial, And Others), By Region - Global Industry Analysis, Size, Share, Growth, Investment, Forecast (2023-2028)

Published: March, 2023
ID: 8146
Pages: 175
Formats: report pdf report excel report power bi report ppt

Silicone Film Market Size & Trends (2023-2028)

The silicone film market is expected to grow from US$ 815.36 million in 2022 to reach US$ 1156.43 million in 2028, recording a compound annual growth rate of above 8.57% over the forecast period from 2023-2028

The market is mainly driven and survives due to its extensive use in the electric industry and the varied applications of silicone release liners. The global market for silicone film is calculated to cross the 1 billion barriers in the mentioned forecast period.

SILICONE FILM MARKET DRIVERS

The high expansion of end-use businesses consuming silicone film across the globe together with the efficient and superior characteristics of these silicone films is driving the industry.  Superior properties of silicone such as temperature resistance, hydrophobicity, and transparency, have made it an important choice across the end-use industries is again accelerating the market growth. The electronics industry is developing rapidly, mainly in growing countries, and the use of silicone films in electronics is also expected to intensify due to its characteristics such as dielectric degradation, hydrophobia, and high-temperature repellency. This is an important factor that should stimulate the growth of the world market. Furthermore, the increasing demand for silicone films from the medical industry is another important factor that should stimulate the growth of the world market to a great extent. The escalating adoption of silicone films in several other applications, like actuators, generators, and automotive electronics, should support expansion in the target industry.

SILICONE FILM MARKET RESTRAINTS

The high manufacturing cost and the rising cost of raw materials could slow the growth of the global silicone film market. One of the prominent factors that could hinder the growth of the target market during the forecast period is the strict environmental rules and regulations imposed by the governments of various countries.

SILICONE FILM MARKET OPPORTUNITIES

The global market for silicon films is expected to grow rapidly due to the wide range of product applications in many industries. Silicone film has an application in the manufacture of insulating cables, lamps, lighting, power distribution, etc. Its superior dielectric properties and good thermal stability are the key factors that are likely to stimulate the world market for silicon films. The escalated efficiency of silicone film, when compared to other composites, has escalated the call for silicone films in the worldwide industry. The increased demand for silicone films in the electronic industries, a key sector for end-users, should offer profitable opportunities for the global silicone film market.

SILICONE FILM MARKET CHALLENGES

The high manufacturing cost is probable to pose a serious threat to the growth of the silicone film business in the coming years.

SILICONE FILM MARKET REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2022-2028

Base Year

2022

Forecast Period

2023-2028

CAGR

8.57%

Segments Covered

  • On the basis of Type
  • On the basis of the End-Use
  • On the basis of the Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

  • North America
  • Europe
  • Asia Pacific 
  • Latin America
  • Middle East & Africa

Market Leaders Profiled

Wacker Chemie (Germany), Xinfeng Group Corporation Ltd (China),  Dow DuPont (US), 3M Corporation (US), Polyplex Corporation (India), Tee Group Film (US), Elkem (Norway), SKC Inc (US), Momentive Performance Materials (US), SJA Film Technologies (UK), Loparex Holding B.V. (US), Garware Polyester (India), Mitsubishi Chemical Corporation (Japan), Gascogne Group (France), Toray Advanced Film (Japan), DEKU Kunststoffabrik (Germany), Sappi Limited (South Africa), and Siliconature (Italy),

 

Silicone Film Market

Silicone Film Market Segmentation as per the research report until 2028.

On the basis of Type:

  • Silicone Film
  • Silicone Coated Film
  • Silicone Release Liners
  • Others

The silicone release liners segment is calculated to have the highest growth rate in the forecast period between 2018 and 2023. Whereas, the silicone coated film segment is the second-fastest-growing among others. The ability of silicone to offer various desirable performance characteristics, such as very low surface energy, high gas permeability, and unique bonding between silicon and oxygen makes it the most commonly used release coating material.

On the basis of the End-Use Industry:

  • Medical
  • Packaging
  • Electronics
  • Industrial
  • Others.

Among the mentioned industries electronics is calculated to be the fastest-growing segment of the end-user industry. The wide usage of silicone films in electronics is mainly attributed to their unique properties such as high dielectric breakdown, hydrophobic nature, and resistance to both high and low temperatures which makes enables them to be used in harsh and critical environments in the electronics industry.

On the basis of the Region:

  • North America 
  • Europe 
  • Asia Pacific 
  • Latin America 
  • The Middle East and Africa

The APAC industry is a lot more vast and competitive in nature than its Western counterparts due to high calls from end-use businesses, namely electronics, medicine, packaging, etc. It is also the fastest-growing silicone film market in terms of production and demand. The main end-use industries, particularly electronics and medicine, are expected to experience significant growth in the next five years in the region. The Asia-Pacific silicone film industry is predicted to have the highest industry potential on the basis of production calls. This is owing to the presence of a huge number of end-use businesses such as electronics, medicine, packaging, etc. The Asia Pacific represents a significant portion of revenue due to increased demand for silicone films from the growing population. Countries like China and Japan are expected to stimulate market expansion due to low-cost labor and the availability of raw materials.

The silicone film market in North America is estimated to represent a significant portion of revenue in the target market, followed by the European market. The silicone film market in Latin America is expected to record a moderate share of revenue in the global market during the outlook period. The North American silicone film market is expected to represent a moderate CAGR due to increased demand from end users such as the medical industry, the electronics industry, the packaging industry, and others. Europe is showing significant growth in the silicone film market due to increased application in the packaging sector and the automotive industry. Latin America is experiencing significant market growth due to the increased demand for construction designs. End-user industries such as construction, electricity, automotive, and packaging are growing rapidly in Latin American countries like Brazil. The Middle East and Africa market is also expected to increase during the prediction period due to increased demand from the packaging industry for the growing population.

Major companies plying their trade in the Silicone Film Market includes:

Wacker Chemie (Germany), Xinfeng Group Corporation Ltd (China),  Dow DuPont (US), 3M Corporation (US), Polyplex Corporation (India), Tee Group Film (US), Elkem (Norway), SKC Inc (US), Momentive Performance Materials (US), SJA Film Technologies (UK), Loparex Holding B.V. (US), Garware Polyester (India), Mitsubishi Chemical Corporation (Japan), Gascogne Group (France), Toray Advanced Film (Japan), DEKU Kunststoffabrik (Germany), Sappi Limited (South Africa), and Siliconature (Italy), are the leading shareholders of the Global Silicone Film market. These companies are currently focused on expansion strategies to improve their market value and position.

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