USD 927.53 million
Global Silicone Film Market Size, Share, Growth Analysis, By End User(Electronics, Medical), By Type(Film, Coated Film) - Industry Forecast 2024-2031
Report ID:
SQMIG15B2099 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
64 |
Figures:
77
Global Silicone Film Market Insights
Silicone Film Market size was valued at USD 927.53 million in 2021 and is poised to grow from USD 972.98 million in 2022 to USD 1356.98 million by 2030, at a CAGR of 4.9% during the forecast period (2023-2030).
The rapid expansion of the electronics sector has emerged as a major catalyst for the thriving silicone film market. Furthermore, the escalating demand for packaging, spurred by the swift growth of industries like medical, food and beverages, and pharmaceuticals, has contributed to the rising need for silicone films due to their inert properties.
The increasing demand from emerging economies is poised to augment the overall market value of silicone films. Moreover, continuous technological advancements have facilitated the upward trajectory of the global silicone film market in terms of market value.
The escalating cost of raw materials acts as a deterrent to market growth. Additionally, the high manufacturing expenses further impede the market's expansion. Stringent regulations governing the application of silicone films in the medical industry also pose challenges to market growth.
This places the Indian electronics industry among the fastest-growing sectors globally. The demand for Printed Circuit Boards (PCBs) is expected to surge significantly, primarily driven by the increasing demand for smartphones and consumer electronics.
Currently, only 35% of the PCB demand is fulfilled by local manufacturers, while the remaining 65% is met through imports. India is home to approximately 200 PCB manufacturers. The expanding production of PCBs, semiconductors, and related components will contribute to the growing market for silicones in the electronics sector.
US Silicone Film Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Coated Film
Fastest Growth
Coated Film
Growth Rate
4.9% CAGR
Global Silicone Film Market ($ Bn)
Country Share for North America Region (%)
Global Silicone Film Market By Type ($ Bn)
Global Silicone Film Market By Type (%)
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Global Silicone Film Market Segmental Analysis
The global silicone film market is segmented on the type, end user and region. By type, the market is segmented into film, coated film, release liners. By end user, the market is segmented into electronics, medical, industrial, packaging. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Silicone Film Market Analysis by Type
The silicone coated film segment holds a dominant market share. Silicone-coated films are used in various applications such as packaging, release liners, and labels. These films find applications in industries like food packaging, healthcare, and automotive. Silicone-coated films are a dominant segment in the silicone film market, driven by the demand for flexible packaging materials.
The silicone release liners segment is a growing segment in market share. Silicone release liners are widely used in industries like label and tape manufacturing, graphic arts, and medical applications. Silicone release liners are the dominant segment in the silicone film market, driven by the increasing demand for pressure-sensitive labels and tapes.
Silicone Film Market Analysis by End User
The electronics and electrical industry currently dominate the silicone film market due to the increasing demand for electronic devices. The electronics and electrical industry are a significant consumer of silicone films. These films find extensive use in electronic displays, touchscreens, printed circuit boards (PCBs), solar panels, and other electronic components. With the rapid advancements in electronic technologies and the increasing demand for consumer electronics, this segment is the dominant end-user of silicone films.
The fastest-growing segment is expected to be the packaging industry. The packaging industry has been increasingly adopting silicone films due to their exceptional barrier properties and flexibility. Silicone films are used in food packaging, pharmaceutical blister packs, labels, tapes, and other flexible packaging applications.
Global Silicone Film Market By Type, 2023 (%)
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Global Silicone Film Market Regional Insights
North America holds a significant share in the global silicone film market. The region is driven by the presence of established industries, technological advancements, and high demand from end-use sectors such as electronics and automotive. The United States dominates the North American market due to its robust manufacturing base and strong research and development activities in silicone film applications. Moreover, increasing investments in renewable energy projects and the growing demand for advanced healthcare products further propel the market in this region.
The Asia-Pacific region is the fastest-growing market for silicone films, driven by rapid industrialization, urbanization, and expanding manufacturing capabilities. Countries such as China, Japan, South Korea, and India are major players in this region. The flourishing electronics industry, increased automotive production, rising disposable income, and growing awareness about energy-efficient solutions are key factors propelling the demand for silicone films in Asia-Pacific. Additionally, the presence of a large consumer base and favorable government initiatives to promote renewable energy further contribute to market growth.
Global Silicone Film Market By Geography, 2024-2031
- Largest
- Fastest
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Global Silicone Film Market Dynamics
Silicone Film Market Drivers
Growing Demand in Electronics Industry
- Silicone films find extensive usage in the electronics industry for applications such as insulation, adhesives, and protection of electronic components. The increasing demand for consumer electronics, smartphones, and wearable devices is driving the growth of the silicone film market.
- Silicone films offer several advantages over traditional materials such as flexibility, high temperature resistance, moisture resistance, and chemical resistance. These properties make them suitable for applications in industries like automotive, healthcare, packaging, and construction, thereby driving market growth.
Silicone Film Market Restraints
Competition from Alternatives
- Silicone films face competition from alternative materials like plastics, polymers, and other coatings with similar properties. The availability of cost-effective alternatives can impact the growth of the silicone film market, especially in price-sensitive industries.
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Global Silicone Film Market Competitive Landscape
These companies are focused on research and development activities to enhance product performance and develop innovative silicone film solutions. They also engage in strategic collaborations, mergers, and acquisitions to expand their market presence and cater to the increasing demand from industries such as electronics, automotive, healthcare, and packaging.
Silicone Film Market Top Player’s Company Profiles
- Momentive Performance Materials Inc. (United States)
- Elkem ASA (Norway)
- Evonik Industries AG (Germany)
- Saint-Gobain S.A. (France)
- 3M Company (United States)
- Rogers Corporation (United States)
- Nitto Denko Corporation (Japan)
- Trelleborg AB (Sweden)
- Polyplex Corporation Ltd. (India)
- Rogers Corporation (United States)
- Momentive Performance Materials Inc. (United States)
- Specialty Silicone Products Inc. (United States)
- Toray Industries, Inc. (Japan)
- Avery Dennison Corporation (United States)
- Mitsubishi Chemical Corporation (Japan)
- Siloxane Aggrandize Innovations Ltd. (India)
- Kaneka Corporation (Japan)
- Heraeus Holding GmbH (Germany)
- Innospec Inc. (United States)
Silicone Film Market Recent Developments
- In April 2023, Loparex announced the launch of its new high-performance silicone release film for the electronics industry. The film is designed to provide excellent release properties for a variety of applications, including flexible printed circuits, LED devices, and smartphones.
- In January 2023, Momentive Performance Materials announced the expansion of its silicone film production capacity in China. The expansion is expected to meet the growing demand for silicone films in the country's electronics and automotive industries.
Global Silicone Film Key Market Trends
Growing Focus on Renewable Energy
- Silicone films are used in the solar energy industry for encapsulating solar cells and providing protection against environmental factors. With the global shift towards renewable energy sources, such as solar power, the demand for silicone films in this sector is expected to rise.
Global Silicone Film Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, the global silicone film market is witnessing substantial growth due to its diverse applications across various industries. Silicone films offer excellent thermal stability, electrical insulation properties, and resistance to extreme temperatures, making them ideal for use in electronics, automotive, aerospace, and healthcare sectors. Additionally, the increasing demand for flexible packaging materials and advancements in silicone film technology are further driving market growth. With the continuous innovation in silicone film manufacturing and increasing adoption across industries, the global silicone film market is poised for substantial growth in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 927.53 million |
| Market size value in 2031 | USD 1356.98 million |
| Growth Rate | 4.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Silicone Film Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Silicone Film Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Silicone Film Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Silicone Film Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Silicone Film Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Silicone Film Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Silicone Film Market Report Snapshots
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