Market Research Future (MRFR) announces the publication of its research report Global Silicone Film Market, 2023. The growth of the global silicone film market is attributed to the growth of the end-use industries such as packaging, automotive, healthcare, and electrical & electronics. The increasing demand for silicone film in South-East Asian nations is the primary factor driving the product demand in Asia-Pacific. The silicone films find major application in various automobile parts such as smart sensors, generators, actuators and photovoltaics owing to their high mechanical strength, thermal stability, and insulating properties. The growing electromobility in developing economies in China, India, and South-East Asia, with the rising production and sale of electric vehicles is driving the growth of the silicone film market in Asia-Pacific.
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According to the China Association of Automobile Manufacturers, in 2017, the number of electric vehicles sold in the country increased by 53% to reach 7,77,000 units as compared to 2016. Moreover, global automobile production is growing at a significant rate, which is expected to drive the growth of the silicone film market over the next five years. China is emerging as the leading manufacturer of commercial and consumer vehicles, accounting for around 28.8 million units in 2017 at a CAGR of 3.15%. The US, India, France, Japan, and Spain are some of the other countries where automobile production is high. Therefore, the increasing application of silicone film in the automotive industry is estimated to boost product demand during the forecast period.
The key players players in the global silicone film market are Sappi Limited (South Africa), Polyplex Corporation Limited (India), Siliconature S.P.A. (Italy), TORAY INDUSTRIES, INC (Japan), Loparex (US), Momentive Performance Materials (US), DowDuPont (US), Elkem (Norway), Mitsubishi Chemical Corporation (Japan), Wacker Chemie (Germany), Tee Group Film (US), The Rubber Company (England), Garware Polyester Ltd (India), Gascogne Group (France), Rayven, Inc (US), and Infiana (Germany).
The global silicone film market has been categorized by type, end-use, and region. On the basis of type, the global silicone film market has been segmented into as release liner, silicone coated films, and silicone films. Further, the global market has been segmented based on end-use industry into electronics, industrial, automotive, packaging, and others. The electronics and packaging are expected to be the leading segments of the global silicone film market.
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