The global silicone film market is accounted for $745.66 million in 2017, and is expected to reach $1,512.43 million by 2026, growing at a CAGR of 8.2 percent, according to www.trendsmarketresearch.com. Factors such as rising demand in end user industries and the properties that aligned with silicone film are fueling the market growth. However, the increasing cost of operations for the production and manufacturing and stringent regulations acts as a hindrance for the growth of the market.
Silicone films are a type of layer or coating applied to various substrates and surfaces for protection against harsh and tough conditions due to their added benefits such as hydrophobicity, resistance against extreme temperatures and enhanced dielectric breakdown. These films act as a waterproof coating and protect the substrates from rusting or various other water based complications.
Based on type, the silicone film segment has a significant market share during the forecast period. Silicone has the ability to offer a number of desirable performance characteristics, such as a distinct silicon-oxygen bond, ultra-low surface energy and high gas permeability. By geography, the Asia Pacific region is anticipated to grow owing to the high demand from end-use industries such as electronics, medical, packaging and others.
Some of the key players in the silicone film market include Mitsubishi Chemical Corporation, Dowdupont, Momentive Performance Materials, Toray Advanced Film, Polyplex, Wacker Chemie, Elkem, Loparex, Siliconature, Sappi Limited, The Rubber Company, Gascogne Group, Rossella, Rayven, Inc. and Cheever Specialty Paper & Film.