The silicone film market is expected to register significant growth over the forecast period. The growth of the market is attributed to increasing demand for silicone films in various industries such as electronics, packaging, and medical. These are cross-linked rubber silicone foils that are extremely accurate and their thickness ranges from 20 to 400 m. These films offer excellent release properties, thermal stability, and flexibility.
Based on the type, the market is segmented into silicone-release liners and silicone-coated film. Silicone-release liner coating is employed to protect sticky surfaces. It is utilized in applications where it is crucial to obtain a flawless coating to safeguard and transfer materials, such as pressure-sensitive adhesives like tapes and labels.
Based on end-use, the market is segmented into electronics, medical, packaging, and others. Properties such as hydrophobicity, high dielectric breakdown, and tolerance to both high and low temperatures, make silicone Film of vital importance in electronics. Thus, growing investments in the electronics industry are anticipated to prove fruitful for market growth.
In March 2023, Foxconn Technology Co. Ltd and the Indian government signed an agreement to set up a new electronic goods manufacturing plant in Telangana. Foxconn’s investment is the largest in India’s electronics industry and is expected to create employment for around 100,000 personnel. Growth in electronics is expected to augment demand for silicone Film in the coming years.
Based on region, Asia Pacific dominates the market in terms of both production and consumption. The largest base for electronic manufacturing is located in China. Also, countries like India, South Korea, and Japan are other major countries in the region to have a large-scale presence in electronics and packaging manufacturing.
The market is fragmented in nature, with numerous competitors competing for a share of the silicone Film industry. Some of the key market players are Polyplex, RMCL, Wacker Chemie AG, Mitsubishi Chemical Corporation, Elkem Silicones, Mitsui Chemicals Tohcello Inc, and Elkem ASA.
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