Global Silicone Film Market Overview
Global silicone film market is projected to cross $ 1.1 billion by 2024, growing at a CAGR of over 6.6% during the forecast period. Expected growth in the global silicone film market can be attributed to high growth of end-use industries of silicone films coupled with superior and efficient properties of silicone films.
Global Silicone Film Market Segmentation
Global Silicone Film Market has been categorized into type, end-use industry and regional distribution. Based on type, the market has been segmented into silicone film, silicone coated film and silicone release liners. Among these sub-segments, silicone release liners type is expected to grow at the fastest rate, in terms of volume and value, in global silicone film market during the forecast period. Based on end-use industry, the market has been bifurcated into electronics, medical, industrial, packaging and others. By end-use industry, the electronics sub-segment is expected to dominate the market in coming years, as silicone films are extensively used in the electronics industry, owing to their key properties, like high dielectric breakdown, resistance to high and low temperatures, and hydrophobicity, which enable them to be used in critical environments in the electronics end-use industry.
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Global Silicone Film Market Regional Segmentation
Regionally, global silicone film market has been segmented as North America, South America, Europe, Asia-Pacific (APAC) and Middle East & Africa. During the forecast period, APAC is anticipated to emerge as the largest and fastest-growing market for silicone films, in terms of volume and value, during the forecast period. Notably, the APAC market is more competitive and dynamic than its western counterparts due to the high demand from end-use industries, like medical, packaging, electronics and others. It is also the fastest-growing silicone film market, in terms of both production and demand.
Some of the leading companies in global silicone film market are Wacker Chemie, Mitsubishi Chemical Corporation, Elkem, Dowdupont, Momentive Performance Materials, Loparex, Toray Advanced Film, Siliconature, Polyplex, Sappi Limited, etc.Some of the leading players in global silicone film market are Wacker Chemie Mitsubishi Chemical Corporation, Elkem, Dowdupont, Momentive Performance Materials, Loparex, Toray Advanced Film, Siliconature, Polyplex, Sappi Limited, etc.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major players operating in global silicone film market.
TechSci Research calculated global Silicone Film Market size using a top-down approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
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