Silicone Coated PETFilms Market: Introduction
· Silicone coated PET films are ideal for applications where adimensionally stable, flexible, and heat-resistant liner is needed. These filmsfeature a blend of flat components of polyester with smooth characteristics ofsilicone to make a material that has high flexibility, transparency, andendurance.
· Silicone coated PET films have smoothly andevenly coated surface, which avoids many drawbacks such as crinkles, avulsions,granules, bubbles, and pinholes
· Liner used for pressure sensitive adhesives needs to have a smoothsurface, as any roughness between adhesive and the substrate on which it isapplied, is undesirable. Silicone coated PET film is a material of choice forpressure sensitive adhesive applications on account of their surfaceuniformity.
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Key Drivers ofSilicone Coated PET Films Market
· Silicone coated PET films exhibit ‘No label’ appearance, thus, extendingbetter product aesthetics. Rise in demand for aesthetics in the packagingindustry is expected to drive silicone coated PET films market in the nearfuture. Silicone coated PET films are transparent and generate a smooth textureto the label, due to which, no roughness is transferred to the adhesive of thelabel.
· Extending the shelf life of food has been one of the challenges faced byfood & beverage industry. Packaging with multilayer structures aimed atlonger shelf life involve metallized materials for snacks and result inproducing the products with difficult recycling process. Food & beveragesector is likely to mark significant demand for silicone coated PET filmsduring the forecast period.
· Silicone coated PET films display many advantages such as uniquephysical properties, high transparency, minor thickness tolerance, fineplasticity, and low heat contractility rate. Surge in demand for convenientpackaging in various end-use industries such as shipping and logistics,cosmetics & personal care, food & beverage, and pharmaceuticals isestimated to present substantial opportunities for silicone coated PET films by2027.
· The silicone coated PET films market is probable to face certainrestraints during the forecast period, such as a rise in environmental concernsover plastic usage and subsequent banning of various grades of plastics in theU.S., Europe, China, India, and other geographies. The volatility in the pricesof crude oil, which is the raw material for PET resins, is expected to beanother restraint for silicone coated PET films market during the forecastperiod.
Significant GrowthPotential in Electrical & Electronics Industry
· Based on end-use industry, the global silicone coated PET films marketcan be divided into: electrical & electronics, food & beverage, healthcare, electrical & electronics, construction, shipping and logistics,cosmetics & personal care, and others including optics and aerospace
· Silicone coated PET films are used in various applications such as smartsensors, automotive electronics, actuators, photovoltaics, and generators
· Silicone coated PET films are likely to observe a robust demand inelectrical & electronics sector during the forecast period. These filmshave been increasingly used in the electronics industry on account of their keycharacteristics, such as high dielectric breakdown, hydrophobicity, resistanceto high and low temperatures, which enable them to be used in critical andharsh environments in electrical & electronics sector.
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Asia Pacific to bea Key Market for Silicone Coated PET Films
· In terms of region, the global silicone coated PET films market can bedivided into: North America, Europe, Asia Pacific, Latin America, and MiddleEast & Africa
· Asia Pacific is projected to be a leading market for silicone coated PETfilms during the forecast period.
A significant demand in this regionis anticipated to come from its ever-growing packaging industry, particularlyfor food & beverage applications. Demand for packaged food has been risingin Asia Pacific, owing to urbanization and increase in disposable income of thepopulation.
· PET based films exhibit a higher tensile strength, low moistureabsorption, better dimensional stability, and high retention of physicalproperties over a fairly wide temperature range in comparison with other commonplastic films. Silicone coated PET films offer superior UV resistance, goodoptical clarity, superior electrical properties, high gloss, and good gasbarrier. Silicone coated PET films are expected to have significant potentialin the Asia Pacific region due to their unique applicability, in the nearfuture.
Key ManufacturersOperating in the Silicone Coated PET Films Market
· The global silicone coated PET films market was highly fragmented in2018 and is expected to follow a similar trend during the forecast period
· Industry participants are engaged in significant R&D activities toenhance their product offerings. For instance, Hostaphan silicone coated PETfilms offered by Mitsubishi Polyester Film, Inc., are characterized by theiroutstanding release properties in combination with inherent polyester filmcharacteristics such as high mechanical strength, low shrinkage, clarity, andchemical resistance.
