Press release
Silicone Release Coatings Market is Expected to Progress at a CAGR of 7.7% to Reach US$ 1.4 Billion by 2032
Silicone Release Coatings Market
Sales of solventless silicone release coatings grew 7.9% to US$ 221.1 million during 2021. Consumption of silicone release coatings by the end-use packaging sector registered a growth of 7.1% and was valued at US$ 192.8 million. Global usage of silicone release coatings is forecast to achieve US$ 1.4 billion by the last part of 2032.
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Which Factors are Responsible for Escalation in Sales of Silicone Release Coatings?
"High Demand to Be Witnessed from Medical & F&B Packaging Sectors"
Increasing health issues are propelling the medical sector and hygiene industry. Increasing disposable income and expansion in the e-Commerce sector are major drivers of demand for packaging products, apart from the advertising sector.
Expansion in these markets will push the demand for release coating uses like labels, adhesive tapes, sanitary release films, and food-grade release papers. Part of these markets, including labels and hygiene, are expanding fast in emerging markets like India, China, and other Southeast Asian nations.
With developments in the healthcare industry and increased investments by major players, release coating sales are likely to experience consistent growth in the next few years.
Country-Wise Analysis
Germany, the hub of Europe's release coatings market, will lead over the forecast period. Demand from the medical and industrial segments and expansion of applications for the use of silicone release coatings in the production of adhesive tapes and labels are boosting the German market.
China is the largest release coatings market in the Asia Pacific region, followed by Japan, South Korea, and India. China is the major nation driving the growth of the release coatings market in the region. It is also the biggest export hub in the world for a variety of commodities/products.
Category-wise Analysis
Silicone release coating paper is an easy-to-apply and releasable covering for adhesive tapes in a host of sanitary products. These silicone release coatings are utilized by feminine hygiene items, baby diapers, etc.
Prevalent consumption of sanitary articles like baby diapers, sanitary napkins, and adult incontinence items in developing nations as well as more consumption of superior sanitary products in developed nations will propel the overall release liner market.
Growing awareness, increasing consumer expenditure, and growth in e-Commerce are propelling hygiene applications of release coatings. Individuals are becoming increasingly concerned about their health and seeking convenient products.
Hygiene release liners of silicone release coatings are expected to witness a CAGR of 8.4% during the forecast period from 2022 to 2032.
Competitive Landscape
Dow Corning Corporation, Shin-Etsu Chemical Co. Ltd. (Japan), Wacker Chemie AG, Momentive Performance Materials Inc, Evonik Industries AG, KCC Silicone, Elkem Silicones, Silibase, and PPG are prominent makers of silicone release coating.
Fact.MR has presented detailed insights regarding the overall strategies taken by players in the silicone release coatings market, as well as their comprehensive overviews of sales analysis of silicone release coatings, leading silicone release coatings manufacturers, leading solvent-based / solventless silicone release coatings, including SWOT analysis and sales generated by leading silicone release coatings manufacturers placed across geographies.
Browse Full Report: https://www.factmr.com/report/silicone-release-coatings-market
Key Segments of Silicone Release Coatings Industry Survey
By Release Force :
Low Silicone Release Coatings
Medium Silicone Release Coatings
High Silicone Release Coatings
By Type :
Solvent-based Silicone Release Coatings
Solventless Silicone Release Coatings
Thermal
UV Radiation
By End Use :
Packaging Industry
Tapes
Labels / Laminates
Medical Industry
Adhesive Bandages
Wound Dressings
ECG
Others
Hygienic Release Liners
Baby Diapers
Sanitary napkins
Cooking & Baking
Bakery Items
Other Food Products
Advertising Industry
Graphic Arts
Outdoor Advertising
Others
By Region :
North America
Latin America
Europe
East Asia
South-East Asia & Oceania
Middle East & Africa
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