Market Overview
The use of polypropylene silicone
film in packaging applications is estimated to grow at a significant rate due
to its superior properties such as cost-effectiveness, high heat resistance,
and durability. Silicone film finds use in flexible packaging. The flexible
packaging applications mainly include food & confectioneries, tobacco, and
clothing. In addition, owing to the superior and cost-effective benefits, the
use of polypropylene (PP)-based silicone film is likely to increase over PET
silicone films. The growing packaging industry with the increasing demand for
packaged food & beverage for improved shelf-life and convenience is likely
to drive the demand for PP.
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Furthermore, the demand for
nutritional and performance drinks is increasing at a rapid pace due to the
evolving dietary habits of on-the-go consumers, which is likely to drive the
growth of the bottles market, and thus the demand for PP silicone film types.
Over the past few years, PP has become the most preferred material in numerous
end-use industries such as automotive, construction, electrical &
electronics, and healthcare due to its superior advantages as compared to other
materials such as excellent chemical resistance, cost efficiency, and low
density. Among the applications mentioned above, the demand for PP is
increasing at a significant rate in the automotive industry as it provides low
coefficient for linear thermal expansion and specific gravity, stiffness, and
reduces the overall weight of the vehicle.
Also, the adoption of PP is increasing
in numerous consumer applications such as appliances, upholstery, toys,
suitcase, microwave food containers, and other household products. The
increased spending on consumer electronics such as smartphones, refrigerants,
and tablets coupled with growing digitalization is consequently expected to
propel the global silicone film market growth.
Competitive Analysis
·
Sappi Limited
·
Polyplex Corporation Limited
·
Siliconature S.P.A.
·
TORAY INDUSTRIES, INC.
·
Loparex
·
Momentive Performance Materials
·
DowDuPont
·
Elkem
·
Mitsubishi Chemical Corporation
·
Wacker Chemie
·
Tee Group Film
·
The Rubber Company
·
Garware Polyester Ltd
·
Gascogne Group
·
Rayven, Inc
·
Infiana
Market Segmentation
The global low silicone
film market has been segregated on the basis of types, application, and
region. By type, the global silicone market is categorized into released liner,
silicone film, and silicone coated film. The silicone release liners segment held
significant market share in 2017 and is expected to be the leading segment
during the forecast period owing to the increasing application in low-density
polyethylene (LDPE) medical packaging and electronic products.
On the basis of end-use, the global
silicone film market has been divided into electronics, packaging, automotive,
industrial, others. The electronics segment is expected to be the leading the
segment with largest share of the global market. Packaging is projected to be
the fastest growing segment owing to wide applications in various processed
food and beverage products.
Regional Analysis
Asia Pacific is expected to
contribute the largest share in the global silicone film market due to
favorable government policies in the electronic industry such as high foreign
direct investment (FDI) in China and India. The Latin America and the Middle
East & African markets are projected to register healthy CAGRs owing to the
high demand for silicone films in food & beverage packaging.
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