The global Silicone Coated PET Film market is forecast to reach USD 1,484.7 Million by 2028, according to a new report by Reports and Data. Silicone Coated PET Films are used in a varied spectrum of industries like electronics, medical, industrial, packaging, and automotive. These films are used for their unique properties of tensile strength, flexibility, transparency, and electrical insulation. They are produced from different polymers in accordance with the requirements and are made in different types of films like Silicone Coated PET Films, silicone-coated films, and Silicone Coated PET films, among others. The market for Silicone Coated PET Film is influenced by the growing demand from the semiconductor manufactures and medicine producers along with a pour in from the food and beverage industry. This heavy utility is due to the ever-growing popularity of silicone in terms of packaging. 

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Further key findings from the report suggest 

• Acrylic elastomer held the largest market share of 33.5% in the year 2018. They are notable for their properties of being transparent, resistivity to breakage, and elasticity and are used in the cosmetic industry as nail polishes and as adhesives.
• Silicone elastomers are set to witness the highest CAGR of 6.9% through the forecast period. This is because of their excellent retention of electrical properties under extremes of temperatures and moisture. They are utilized for manufacturing electrical insulating films and high-temperature air ducts.
• In the bracket of film types, Silicone Coated PET liners held the largest market share of 32.5% in the year 2018. It is used widely in pressure-sensitive adhesive industries. Not only is the application restricted to paper, but films can also be considered as a substrate.

Competitive Landscape:

The global Silicone Coated PET Film market is extremely competitive and comprise of various key players at regional and global levels. These players are focusing on developing strategic alliances such as mergers and acquisitions, partnerships, product launches, joint ventures, to strengthen their market position and enhance their product base.

Some of the key companies operating in the global market

• Wacker Chemie
• Mitsubishi Chemical Corporation
• Elkem, Momentive Performance Materials
• Loparex, Dowdupont, Toray Advanced Film
• Siliconature
• Polyplex, and Sappi Limited
•  

Market Overview:

The packaging industry is rapidly expanding in terms of revenue in the recent years, and is expected to register rapid revenue CAGR throughout the forecast period of 2021 to 2028. Rapid revenue growth is attributed to factors such as rising global population, changing lifestyle, increasing disposable income and rapid growth of the e-commerce sector. Increasing penetration of internet, social media, improving standard of living and rapid growth in the doorstep deliveries are some other factors boosting global market revenue growth. In addition, various manufacturers are focusing on offering sustainable packaging to cater to rising environmental concerns. Local dealers are focusing on innovative packaging to attract consumers.  

Key questions addressed in the report:

• What size is the global Silicone Coated PET Film market expected to reach over the forecast period?
• Which revenue CAGR is the global market expected to register throughout the forecast period?
• Which factors are expected to hamper global market growth during the forecast period?
• Which key factors are expected to driver global Silicone Coated PET Film market throughout the forecast period?
• Which application segment is expected to register fastest revenue CAGR between 2021 and 2028?
• Which region is expected to register fastest revenue CAGR throughout the forecast period?
• What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?

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Global Silicone Coated PET Film Market Segmentation:

Type Outlook:

• Acrylic elastomer
• Silicone elastomer
• Polyurethane
• Others

Applications Outlook:

• Electronics
• Medical
• Industrial
• Packaging
• Others

Regional Analysis covers:

• North America
  • S.
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • K.
  • Rest of EU
• Asia Pacific
  • India
  • China
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • A.E
  • Rest of MEA

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