By the end of 2021, the market for silicone release coatings had grown annually (YoY) by 8.3%, reaching a value of US$ 626.3 million.
Solventless silicone release coating sales climbed 7.9% in 2021 to reach US$ 221.1 million. The end-use packaging sector increased its demand for silicone release coatings by 7.1%, amounting to US$ 192.8 million.
By the end of 2032, it is anticipated that the global consumption of silicone release coatings would reach US$ 1.4 billion.
Silicone release coatings are applied to a variety of substrates for low-weight applications. They produce a cross-linked non-stick surface, which helps in protecting pressure-sensitive adhesives, as well as numerous other sticky items such as bituminous compounds and food, till they are ready to get used.
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Key Takeaways from Silicone Release Coatings Market Study
- By type, solvent-based silicone release coatings are projected to provide an absolute $ opportunity of US$ 502.4 million over the forecast period (2022-2032).
- By release force, medium release force accounted for 46.2% market share in 2022 and is poised to expand at a CAGR of around 8.7% over the forecast period.
- Among the end uses, demand from the packaging industry is anticipated to expand around 2.1X by 2032. It is further expected to create an absolute $ opportunity of US$ 240.4 million by 2032.
- Solventless silicone release coatings are predicted to create an absolute $ opportunity of US$ 294.26 million by 2032.
- East Asia is slated to hold around 31.7% share of the global silicone release coatings market by 2032.
- The South Asia & Oceania is predicted to provide an absolute dollar opportunity of US$ 114.77 million by 2032-end, expanding at a CAGR of 7.5%.
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Competition Landscape
Fact.MR has provided detailed information about the overall strategies adopted by players in the silicone release coatings market, along with their detailed overviews of sales analysis of silicone release coatings, top silicone release coatings manufacturers, top solvent-based / solventless silicone release coatings, including SWOT analysis and sales generated by top silicone release coatings manufacturers positioned across geographies.
Key Companies Profiled
- Dow Corning Corporation
- Shin-Etsu Chemical Co. Ltd. (Japan)
- Wacker Chemie AG
- Momentive Performance Materials
- Evonik Industries AG
- KCC Silicone
- Elkem Silicones
- Silibase
- Solv Inc.
- PPG
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Key Segments Covered in the Silicone Release Coatings Industry Survey
- Silicone Release Coatings Market by Release Force :
- Low Silicone Release Coatings
- Medium Silicone Release Coatings
- High Silicone Release Coatings
- Silicone Release Coatings Market by Type :
- Solvent-based Silicone Release Coatings
- Solventless Silicone Release Coatings
- Thermal
- UV Radiation
- Silicone Release Coatings Market 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
- Packaging Industry
Winning Strategy
A vital strategy for manufacturers of silicone release coatings has been to set up manufacturing facilities in high-potential locations and invest in the research and development of innovative products, customized to fulfill the specific demand of end-use industries.
Manufacturers should increase their production capacity, and, as a result, aim to offer innovative products that are tailored to the custom needs of end users, with a focus on sustainability. Additionally, collaborations with end users should remain a key strategy for manufacturers of silicone release coatings, as they would become aware of the needs of consumers, and, in turn, develop application-specific products, catering to diverse customers across geographies.
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