Silicone Film Market Overview:
Following a careful study of the current trends across the globe, Market Research Future (MRFR) predicts that the silicone film market will be growing at a CAGR of 6.52% during the forecast period (2018-2023). The market was valued at USD 750 million in the year 2017, MRFR reports.
The use of polypropylene silicone film in packaging applications is estimated to grow at a significant rate due to its superior properties such as cost-effectiveness, high heat resistance, and durability. Silicone film finds use in flexible packaging. The flexible packaging applications mainly include food & confectioneries, tobacco, and clothing. In addition, owing to the superior and cost-effective benefits, the use of polypropylene (PP)-based silicone film is likely to increase over PET silicone films. The growing packaging industry with the increasing demand for packaged food & beverage for improved shelf-life and convenience is likely to drive the demand for PP.
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Silicone Film Market Key Players:
The leading 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).
Silicone Film Market Regional Analysis:
The global silicone market has been analyzed for the key regions of Asia Pacific, Latin America, Europe, North America, and the Middle East & Africa.
The silicone film market in the region of Asia Pacific is presumed to note a considerable growth at a robust growth rate on account of the rapid surge in the demand for electronic products. Strong economic growth as well as rapid industrialization in the region has brought about a positive change in the overall electronic industry, influencing the growth of the silicone film market as well.
The markets in North America and Europe are poised to exhibit a substantial expansion, in terms of the growth rate, during the assessment period as a result of the boost in the number of applications of silicone films, primarily in processed food & beverages as well as pharmaceutical.
Silicone Film Market Segmentation:
The worldwide market for silicone film has been segmented on the basis of type and end-use.
Among the type-based segments, the market for silicone release liner is expanding at the best rate, surging at a substantial CAGR. Their high mechanical strength, low shrinkage and chemical resistance properties have led to their increasing use across numerous industries. Silicone release liner has various applications in electronic appliances, pressure sensitive labels, ceramic capacitors, cast polymers materials and adhesive tape, which is slated to stimulate the growth of the segment in evaluation period.
Global silicone films market by end-use is segmented as electronics, medical, industrial, packaging, automotive, and other industries. The electronics industry is a leading segment contributing major share toward global silicone film market due to its high mechanical and electrical insulation properties.
Silicone Film Market Table Of Contents to be Continue…….,
Browse key industry insights spread across 140 pages with 35 market data tables & 19 figures & charts from the report, “Silicone Film Market Information by Type (Release Liner, Coated Film), End-Uses Industries (Electronics, Packaging, Industrial, Medical, Automotive) and Region (North America, Asia-Pacific, Latin America, Middle East & Africa) — Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023” in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/silicone-film-market-7639
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