Silicone-coated PET Films Market Analysis :
Silicone-coated PET film is a silicone coating on PET films, which acts as a carrier film in pressure-sensitive adhesives cases. It is used in the manufacturing processes and subjected to technological composition and advanced designs. It is transparent and has a smooth texture, which lead to no roughness of the adhesive of the labels. It witnesses high demand for labelling various ranges of products such as mineral water bottles, shampoos, shower gels, and other cosmetic products. Therefore, silicone-coated PET film market is likely to witness significant growth of during the forecast period.
COVID-19 impact analysis
- Owing to the suspension of various industrial activities, including automotive and HVAC systems, the market for various pressure-sensitive adhesives is expected to witness temporary downfall. This will negatively affect the market growth for silicon-coated PET films.
- Such films are widely used for manufacturing ceramic capacitors and semiconductors for various electronic components.
- The insufficiency of raw material supply for electronics and automotive will further hamper the production rate, thus affecting the market growth.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis:
Rise in demand of silicone-coated PET films, owing to its transparency is the major factor driving the market growth, globally. In addition, surge in application of silicon-coated PET films in the food & beverages industry to extend shelf life is expected to positively impact the market growth. Furthermore, this film exhibits significant thickness tolerance, fine plasticity, and low heat contractility rate, making it widely applicable for automotive and electronics applications. However, the major restraint of silicone-coated PET films is the growing environmental concern toward it. The usage of plastic is more in silicone-coated films, which has harmful effect on the environment; this factor will hamper the growth of the market during the forecast period.
Key market players
The major players operating in the global silicone-coated PET films industry are Polyplex Corporation Limited, Loparex, SKC Inc., Wacker Chemie AG, Mondi Group, Shin-Etsu Chemical Co., Ltd., Mitsubishi Polyester Film, Inc., Jindal Poly Films, Toray Group, Dow, TEKRA, RMCL, Xinfeng Group. Expansions, acquisitions, partnerships, and new product developments are the key focus of these market players to grow their business in the potential markets. They have further been focusing on strategies such as organic and inorganic growth developments, including contracts and investments.
Key benefits of the report
- This study presents the analytical depiction of the global silicone-coated PET films market industry along with the current trends and market estimation to determine the imminent investment pockets.
- The report represents information related to key drivers, restraints, and opportunities along with detailed analysis of the silicone-coated PET films market.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- The report provides a detailed market analysis depending on competitive and how the competition will take shape in coming years.
- This report helps users in comprehending the key product segments and their future.
Questions answered in the global silicone-coated PET films market research report:
- Which are the leading market players active in the global silicone-coated PET films market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What should be the response of the market players amid the COVID-19 pandemic?
- What are the projections for the future that would help in taking further strategic steps?
- What is the outlook of the industry?
- What are the emerging key segments in the silicone-coated PET films market?
- What are the major changes and assessments in market dynamics?
Silicone-coated PET Films Market Report Highlights
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Key Market Players
SKC Inc., Wacker Chemie AG, Loparex, Mondi Group, Dow, TEKRA, Jindal Poly Films, Polyplex Corporation Limited, Mitsubishi Polyester Film, Inc., Xinfeng Group, Shin-Etsu Chemical Co., Ltd., Toray Group, RMCL