Manufacturers of silicone release liners would do well to target packaging and medical companies, Fact.MR assesses
East Asia remained the largest consumer of silicone release liners, with China’s ever-evolving packaging industry being the main demand driver
USA, Rockville MD, June 22, 2022 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, in a recently released report on silicone non-stick coatings, it revealed that the The global market is valued at USD 678.6 million and is projected to grow at a CAGR of 7.7% from 2022 to 2032. application for silicone non-stick coatings packaging, medical, bakery and food industries are the major drivers of market growth.
There has been an increasing demand for packaging in the retail / e-commerce industry in developing countries, which in turn will create a high demand for materials used in the packaging industry. packaging, such as tapes, labels, laminates, etc. , all of which are developed using non-stick silicone coatings.
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Large-scale producers/manufacturers continuously invest in research and development of new products and also expand their production capacities/facilities through the acquisition of smaller players to meet the growing demand for silicone release liners for various industries/applications.
• For example, German specialty chemicals company Evonik innovated and launched a new product in December 2021, known as TEGO RC 1442. It was developed to provide the optimum coating and ease of release expected by customers of the company. Suitable for fast curing pressure sensitive adhesive (PSA) applications, it provides stable peel value under various storage conditions.
Why is the application of hygienic coatings increasing rapidly?
Silicone coated release paper is a reliable and easily removable cover for adhesive strips in a variety of hygienic applications. Feminine hygiene products, baby diapers, etc., use these silicone non-stick coatings. Widespread use of sanitary products such as baby diapersmenstrual pads and adult incontinence products in developing countries and increased consumption of high-end sanitary products in developed countries are expected to drive the global non-stick liner market.
Increased awareness, increasing consumer spending, and growth in e-commerce are driving the hygienic applications of non-stick coatings. People are now more health conscious and looking for convenient products.
The hygienic release liner application of silicone release liners is expected to register a CAGR of 8.4% during the forecast period 2022-2032.
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Key segments covered by the Silicone non-stick coatings Industry survey
A vital strategy for manufacturers of silicone release liners has been to establish manufacturing facilities in high potential locations and invest in research and development of innovative products, customized to meet the specific demand of the manufacturing industries. end use.
Manufacturers should increase their production capacity and therefore aim to deliver innovative products tailored to the personalized needs of end users, with a focus on sustainability. Additionally, collaborations with end users are expected to remain a key strategy for silicone release coating manufacturers as they become aware of consumer needs and, in turn, develop application-specific products aimed at various customers in all geographies.
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The key players in the Silicone non-stick coatings Market
Main takeaways from Silicone non-stick coatings Market research
By type, Solvent Based Silicone Release Coatings are expected to offer an absolute dollar opportunity of US$502.4 million over the forecast period (2022-2032).
By release force, average release force accounted for 46.2% market share in 2022 and is poised to expand at a CAGR of around 8.7% during the forecast period.
Among end uses, the packaging industry demand is projected to grow approximately 2.1x by 2032. It is further projected to create an absolute dollar opportunity of US$240.4 million by 2032.
Solvent-free silicone non-stick coatings are expected to create an absolute dollar opportunity of US$294.26 million by 2032.
East Asia is expected to hold approximately 31.7% of the global silicone release liner market by 2032.
South Asia and Oceania is expected to offer an absolute dollar opportunity of $114.77 million by the end of 2032, growing at a CAGR of 7.5%.
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