Press release
Silicone Film Market Forecasts and Growth Opportunity By Industry Players: Wacker Chemie, Mitsubishi Chemical Corporation, Elkem, DowDuPont, Momentive Performance Materials etc.
The market size of silicone film is estimated to be US$ 794 Million in 2018 and is projected to reach US$ 1,087 Million by 2023, at a CAGR of 6.5% from 2018 to 2023.The growth of the market is attributed to the high growth of end-use industries consuming silicone film. Another factor driving the market is the superior properties of silicone films.
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Top Key Players in this “Silicone Film Market” include are
• Wacker Chemie (Germany)
• Mitsubishi Chemical Corporation (Japan)
• Elkem (Norway)
• DowDuPont (US)
• Momentive Performance Materials (US)
• Loparex (US)
• Toray Advanced Film (Japan)
• Silico nature (Italy)
• Polyplex (India)
• Sappi Limited (South Africa)
Access Complete report on Silicone Film Market spread across 110 pages, profiling 11 companies and supported with tables and figures. Buy Research at https://www.reportsnreports.com/purchase.aspx?name=1839149 .
The key properties of silicone films, such as hydrophobicity, high dielectric breakdown, resistance to high and low temperatures enable them to be used in critical and harsh environments in the electronics end-use industry. Silicone films are used in various applications such as smart sensors, automotive electronics, actuators, photovoltaics, and generators.
APAC is projected to register rapid growth in the silicone film market due to the increasing demand from end-use industries, namely, electronics, medical, packaging, and others. It is also the fastest-growing silicone film market in terms of both production and demand. Higher domestic demand along with easy availability of raw materials and low-cost labor make APAC the most preferred destination for the silicone film manufacturers. Manufacturers focus on this region to gain a significant market share and increase profitability.
The Study Objectives of this report are:
• To provide detailed information about the key factors (drivers, restraints, challenges, and opportunities) influencing the growth of the market
• To analyze and forecast the market by type and end-use industry
• To forecast the size of the market with respect to five regions, namely, North America, Europe, APAC, Middle East & Africa, and South America along with their key countries
• To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
• To analyze competitive developments, such as new product launch, expansion, and merger & acquisition in the market
Research Coverage:
The report offers insights on silicone film used in the various end-use industries across regions. It aims at estimating the size of the silicone film market during the forecast period and projects future growth of the market across type, end-use industry, and region segments.
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