Future Market Insights (FMI) anticipates positive growth in the global silicone release liners market, forecasting a 5.1% increase in global revenues by 2023, reaching a total of US$ 1.39 billion. The study further projects a robust demand, with a Compound Annual Growth Rate (CAGR) of 7.7% between 2023 and 2033, estimating the market to exceed US$ 2.93 billion by 2033. This optimistic outlook reflects the continuous demand for silicone release liners and their integral role in various industries, signaling sustained growth prospects and the market’s substantial contribution to diverse manufacturing sectors globally.
Playing a crucial role in the manufacturing of adhesive-backed products such as pressure-sensitive labels, tapes, and medical devices, silicone release liners are indispensable components. They offer a low-friction surface that facilitates the smooth release of the adhesive backing during production. The market has witnessed substantial growth over the years, propelled by the increasing demand for adhesive-backed products in diverse industries. This growth underscores the pivotal function of silicone release liners in supporting the production of various applications where a reliable and efficient release mechanism is essential, contributing to the overall expansion of the silicone release liners market.
The United States holds a significant position in the expanding silicone release liners market, constituting a substantial segment within the broader pressure-sensitive adhesive industry. With a commanding share of 19.3% in the global market in 2022, the United States has emerged as a key player. The surge in demand for silicone release liners in the country is attributed to factors such as the thriving e-commerce and packaging sectors. Moreover, the increasing utilization of silicone-release liners in medical device applications is poised to drive market growth. The non-stick attributes of silicone make it particularly appealing for medical device manufacturers, offering reduced risks of skin irritation and damage.
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Key Takeaways from Silicone Release Liners Market
- By liner type, paper liners segment is expected to expand at an impressive pace of 7%CAGRduring 2021-2031.
- By application, labels segment is expected to hold 8%of value share in 2031 on the back of heightened demand for pressure-sensitive labels.
- Sales of silicone release liners in the food industry are projected to expand at a CAGR of 5%during the span of the next 10 years.
- By region, North America and Europe is estimated to hold over half of the total silicone release liners market owing to their well-established packaging liners industry.
- South Asia and East Asia market are emerging as the most lucrative pockets, exhibiting growth at a CAGR of 5%and 11.4%, respectively.
Silicone Release Liners Market Landscape
- Loparex LLC,
- UPM Raflatac,
- Mondi plc,
- Mitsubishi Chemical America, Inc.,
- Siliconature Spa,
- Avery Dennison Corporation,
- 3M Company,
- Gascogne Group,
- Rayven, Inc.,
- Felix Schoeller Group,
- Jindal Poly Films Limited’,
Recent Developments-
- In September 2021, Loparex LLC, one of the leading manufacturers of silicone release liners, announced the expansion plans through the acquisition of Infiana Group, Germany.
- In October 2022, UPM Raflatac was recognized by APR for its PP pressure-sensitive labeling with acrylic adhesive for composting PP bottles.
- In January 2023, Mondi widened the selection of its distinctive line of medium, high, and extremely high-barrier paper-based packaging to assist clients in their transition to use more biodegradable packaging.
Aggressive Branding and Marketing Strategies Adoption in the Food & Beverage Industry estimated to affect Sales
Rising competition in the food & beverages sector, marked by the entry of new players, has prompted manufacturers to enhance their product appeal. To gain a competitive edge, manufacturers in the industry are strategically emphasizing aggressive branding and marketing, leveraging visually appealing and distinct labels, along with the use of custom-printed tapes. This approach aims to capture consumer attention, create brand recognition, and foster a positive perception of products on the shelves, showcasing the significance of packaging aesthetics in influencing consumer choices within the dynamic landscape of the food and beverages market.
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Silicone Release Liners Market by Category
By Liner Type:
- Paper Liner
- Film Liner
By Coating Type:
- Single Side Coated
- Double Side Coated
By Application:
- Labels
- Tapes
- Graphic Films
- Hygiene and Medical Applications
- Others (Envelope, etc.)
By End Use:
- Food and Beverages
- Healthcare
- Electrical and Electronics
- Chemical
- Other Industrial
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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