Jul 07,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Silicone Film Market.
It was estimated prior to this unanticipated outbreak that the Silicone Film Market was expected to grow at a CAGR of 5.8% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Silicone film is a type of synthetic polymer/fluoropolymer that consists of fluorine and carbon molecules. It possesses various properties, such as thermal and chemical resistance, high flexibility and is electrically resistant.
Silicone films are of different types, such as silicone film, silicone coated film, and silicone release liners, that are used in various end-use industries, such as electronics, medical, industrial, packaging, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the film type, the market is segmented as silicone film, silicone coated film, and silicone release liners. The silicone release liners segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. Diverse applications in various end-use industries have led to the high dominance of the segment of the market. There is an increasing demand for silicone release liners as there is a growing demand for silicone release liners in applications where it is critical to achieve perfect coating in order to protect and deliver materials.
Based on the end-use industry type, the market is segmented as electronics, medical, industrial, packaging, and others. The electronics industry segment dominates the market, driven by impressive dielectric strength, hydrophobicity, and high efficiency in harsh electronic environments of silicone films. In medical industry, biocompatibility and chemical stability have created sheer interest of silicone films for various applications.
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for silicone films during the forecast period, with China, Japan, India, and Korea being the major countries with lucrative growth opportunities. The region has a greater number of players and comparatively high competition when compared to developed western economies. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Some of the major silicone film manufacturers include-
- The 3M Company
- Mitsubishi Chemical Corporation
- Momentive Performance Materials
- Mondi Plc
- Sappi Limited
- Wacker Chemie.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Silicone Film Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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