Silicone Film Market Size, Share, Growth, Trends and Forecast 2019- 2025
Global Silicone Film Market is Expected to Increase around US$ XX Mn by 2025, Due to Increased Demand From Packaging Industry, Electronic Industry, and Medical Industry
Analyst Speak:
“The Global Silicone Film Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to increased application of silicone film market.
Precision Business Insights (PBI) in its report titled “Global Silicone Film Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The global silicone film market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increased application in various industries such as packaging industry, electronic industry and mechanical industry will create a demand for the growth of the global silicone film market. However increased costs of the silicone films will hinder the growth of the global silicone film market.
Global silicone film market segmented on the basis of type, and by end user.
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Silicone Release Liners Segment Expected to Dominate the Market
Based on type, the global silicone film market is segmented into silicone release liners, silicone coated film and silicone film. Silicone release liners is expected to dominate the market due to its extraordinary characteristics such as ultra-low surface energy, silicon-oxygen bond and high gas permeability.
Electronic Industry Will Dominate the Revenue Share.
Based on end user the market is segmented into medical, industrial, packaging, electronics and others. Silicone film is largely used in electronic industries due to its extraordinary characteristics such as high dielectric breakdown, resistance to temperatures, hydrophobicity and others.
Asia Pacific, Accounts for Major Revenue Share for Global Silicone Film Market
Precision Business Insights (PBI), global silicone film market report analyses the market in different regions of North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, Asia Pacific accounted for major revenue share due to increased demand of silicone film from the growing population. Countries such as China and Japan is expected to boost the market growth due to low cost labor and availability of raw materials. North America silicone film market is expected to account moderate CAGR due to increased demand from the end users such as medical industry, electronic industry, packaging industry and others. Europe exhibits a significant growth in silicone film market due to increased application in packaging sector and automotive industry. Latin America shows a significant growth in market owing to increased demand for construction designs. End user industries such as construction, electrical, automotive, and packaging are rapidly expanding in countries of Latin America such as Brazil. Middle East and Africa silicone film market is also expected to rise in the forecast period due to increased demand of packaging industry from the growing population.
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Strategic Acquisitions Play Vital Role in Global Silicone Film Market
Market strategies such as acquisition play an important role in the development of the market. For instance, 22 March 2018 Elkem completed the acquisition of two Chinese plants, Yongdeng Silicon and Xinghuo Silicones Materials from its principal shareholder Bluestar.
Key players in the market include Wacker Chemie (Germany), Mitsubishi Chemical Corporation (Japan), Elkem (Norway), DowDuPont (US), Momentive Performance Materials (US), Loparex (US), Toray Advanced Film (Japan), Siliconature (Italy), Polyplex (India), and Sappi Limited (South Africa)
Detailed Segmentation
By Type
o Silicone Film
o Silicone Coated Film
o Silicone Release Liners
By End Use Industry
o Electronics
o Medical
o Industrial
o Packaging
o Others
Geography
o North America
U.S.
Canada
o Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
o Asia-Pacific
China
Japan
India
ASEAN
Rest of Asia Pacific
o Latin America
Brazil
Mexico
Argentina
Chile
Rest of Latin America
o Middle East and Africa
South Africa
Gulf Cooperation Council Countries(GCC)
Rest of MEA
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