Silicone Film Market Share, Overview, Trends and COVID-19 Analysis Forecast to 2023
Silicone Film Market insights
Market Research Future predicted that the global silicone film
market is set to attain the highest growth during the forecast period,
2018-2023.
The silicone film application in packaging applications is
believed to grow at a considerable rate due to its superior, cost-effective
properties, high heat resistance, and durability. Silicone film is used in
flexible packaging. Flexible packaging applications mainly include food and
confectionery, tobacco, and clothing. In addition, due to superior economic
benefits, the use of silicone film should increase. The growing packaging
industry, with growing demand for packaged foods and beverages for longer shelf
life and ease of use, is likely to stimulate demand.
In addition, the demand for high quality and nutritious beverages
is increasing rapidly due to changes in the dietary habits of occasional
consumers, which is probably the growing bottle market and, which escalates the
demand for silicone films. Silicone film has turned out to be the most
preferred material in many end-use sectors such as electronics and healthcare,
automotive, construction due to its superior advantages over other materials
such as excellent economy, chemical resistance, and low density. Among the
above applications, demand for silicone film is rapidly increasing in the
automotive industry owing to its low coefficient of linear thermal expansion and
direct effect on total vehicle density, weight, and toughness.
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Silicone Film Market Segmentation
The global market for silicone films is separated based on types
and applications. The global COVID-19 analysis on silicon
film market segment is divided into two
categories by type into release linear and coated film. The linear release
segment of the silicone films had a significant market share in 2017 and is
expected to become the leading segment during the forecast period due to the
increasing use of low-density polyethylene (LDPE) in medical and electronic
packaging.
The end-user segment of the global silicone
film market segment is bifurcated into
electronics, packaging, automobiles, industry, and others. The electronics
industry is estimated to be in a leading position with the largest share in the
global market. The packaging is anticipated to be the rapidly growing segment
due to extensive applications in various processed foods and beverages.
Silicone Film Market Regional Analysis
Asia Pacific is expected to account for the largest share of the
global silicon film market report due to favorable government
policies in the electronics sector, such as high foreign direct investment
(FDI) in China and India.
Europe and North America are anticipated to see a noteworthy
growth in during the evaluation period due to rising silicone film applications
in the food & beverage and pharmaceutical industry.
Moreover, The Middle East and Africa are predicted to register a
considerable growth rate due to escalating demand for silicone films in the
automotive and F&B segment.
Major Players
Most companies operating in this market are adopting the strategy
of expanding their strategic activities to new regions, investment in research
and development to deliver enhanced functionality products. The top players in
the global silicone film market are TORAY INDUSTRIES, INC, Sappi Limited,
Polyplex Corporation Limited, Tee Group Film, Siliconature S.P.A., Mitsubishi
Chemical Corporation, Gascogne Group, Momentive Performance Materials, Garware
Polyester Ltd, The Rubber Company, Rayven, Inc, Elkem, and others
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