Silicone film market forecast at $1.27 billion by 2027
Lewes, DE – Silicone Film Market was valued at USD 812.85 Million in 2019 and is projected to reach USD 1,271.58 Million by 2027, growing at a CAGR of 5.95% from 2020 to 2027 according to Verified Market Research.
The silicone film market is experiencing tremendous growth owing to the increasing applications from end-use industries such as food, beverage, bakery, electronics, and other industries for pressure-sensitive labels or self-adhesive labels. The Global Silicone Film Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Silicone film refers to the transparent, cross-linked rubber silicone foils which are prepared without solvents under cleanroom conditions. The silicone films offer unique and pioneering advantages over other materials such as – plastics and therefore, these are widely adopted in various end-use industries. The silicon films offer a strong covering or protective film solution for modern electronic devices. Also, silicone films are used in various applications such as smart sensors, automotive electronics, actuators, photovoltaic, and generators.
The silicone films are available in various thicknesses to suit various industrial needs. Also, the development of ultra-thin silicone films without compromising the durability and other properties presents an excellent opportunity for market growth in end-use industries. These films come with several properties such as – resistance to high and low temperatures, hydrophobic nature, and good chemical stability along with resistance to weathering, UV, and Ozone damage. Additionally, they display excellent permeability to both gas and water vapor. Silicone films are particularly employed as a protective layer for shielding the surfaces against harsh conditions.
The Silicone Film Market is experiencing tremendous growth owing to the increasing applications from end-use industries such as food, beverage, bakery, electronics, and other industries for pressure-sensitive labels or self-adhesive labels. In addition, Silicone films in the medical field have been widely accepted owing to their chemical structure and compatibility with bodily fluids. Owing to its advantages such as – good electrical properties, good chemical stability, resistance to heat and cold, and flame retardancy, there is a consistently increasing demand in industrial applications. However, the high cost related to manufacturing is expected to restrict the growth of the market.
The “Global Silicone Film Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players are Polyplex, Elkem, Sappi Limited, Wacker Chemie, and Dow DuPont.