Silicone Film Market size is valued at USD 948.3 million in 2021 and is expected to grow at a CAGR of 6.7% during the forecast period 2022 to 2028. The global market provides a detailed overview of the Silicone Film market and which can be segmented by type, end user, and region. By type, the silicone film market has been segmented into silicone film, silicone coated film, and silicone release liners. By type, silicone release liners are expected to be the fastest-growing type segment of the silicone film market over the forecast period, whereas silicone-coated film is the second-fastest growing type. Silicone is the most widely used release coating material due to its ability to provide a number of desirable performance characteristics, such as a distinct silicon-oxygen bond, ultra-low surface energy, and high gas permeability. Based on the end user, the segment has been segregated into electronics, medical, industrial, packaging, and others. Electronics is the largest and fastest-growing end-use industry of silicone film. Silicone films are widely used in the electronics industry due to their enormous properties, such as hydrophobicity, high dielectric breakdown, and resistance to high and low temperatures, which empower them to be used in critical and harsh environments in the electronics end-use industry.
In Jan 2022, Momentive Performance Materials, Inc. announced the acquisition of KKC Corporation’s silicones business to strengthen its silicone elastomers market position for global Advanced silicones capabilities.
In December 2021, Dow, one of the largest manufacturers of silicone films, launched its latest silicone technology for advanced semiconductor packaging at a Taiwanese event. These silicone hotmelt solutions, silicone-organic hybrid adhesives, and silicone die-attach films outperform conventional organic adhesives for uniformity, high performance, durability, and processability.