Silicone Release Coatings Market

Silicone Release Coatings Market Outlook (2022-2032)

The silicone release coatings market experienced year-on-year (YoY) growth of 8.3% to reach a valuation of US$ 626.3 million at the end of 2021.

Sales of solventless silicone release coatings increased 7.9% to US$ 221.1 million in 2021. Demand for silicone release coatings from the end-use packaging industry was up by 7.1% and valued at US$ 192.8 million.

Worldwide consumption of silicone release coatings is predicted to reach US$ 1.4 billion by the end of 2032.

Report Attributes	Details
Silicone Release Coatings Market Size (2021A)	US$ 626.3 Million
Estimated Market Value (2022E)	US$ 678.6 Million
Forecasted Market Value (2032F)	US$ 1.4 Billion
Global Market Growth Rate (2022-2032)	CAGR 7.7%
North America Market Share (2021)	~20.5%
North America Market Growth Rate (2022-2032)	5.9% CAGR
U.S. Market Growth Rate (2022-2032)	5.8% CAGR
Market Share of Top 5 Companies	~38%
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

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.

To make this adhesive release, paper, film, plastic, etc., substrates are coated with a silicone release agent. These silicones are generally utilized as release agents in the making of labels, tapes, laminates, release films, and silicone-coated release paper.

Types of silicone release coatings such as solventless and solvent-based, allow users to choose the product that suits their end application the best. Solvent-based release coatings demand will continue to rise during the forecast period at a CAGR of 7.5%.

Consumption Analysis of Silicone Release Coatings (2017-2021) Vs. Industry Forecasts (2022-2032)

As per the latest market analysis by Fact.MR, a market research and competitive intelligence provider, market value for silicone release coatings grew at a CAGR of around 8.1% during the last four years. At the end of 2021, the silicone release coatings market stood at around US$ 626.3 million.

Silicone release coatings are used for adding releasing ability to adhesive agents by way of coating backing materials such as paper and film. Silicone release coatings generally use a platinum-based curing catalyst. For achieving the expected level of release, resistance to moisture, and other properties, various silicone technologies form the base for most release coatings today.

Platinum is quite an expensive metal and its resources are also continuously depleting. It is widely used in the making of silicone release coatings. To reduce its usage, Shin-Etsu has innovated the Reduced-Platinum Reaction Curing System Technology. This technology will reduce the amount of platinum used by almost 50% as compared to old conventional silicone-based release coatings.

Owing to the aforementioned factors, it is being seen that companies are continuously investing in research and development and producing new products with better efficiency and results.

Additionally, the packaging industry and medical sector are on the rise. Demand for products that use silicone release coatings such as wound dressings, bandages, and packing materials such as silicone-based release coating tapes, labels, and laminates are also poised to grow at a rapid pace.

As such, demand for silicone-based release coatings, which find usage across diverse end-use verticals, is poised to reach US$ 1.4 billion by 2032.

Which Factors are Responsible for Escalation in Sales of Silicone Release Coatings?

“High Demand to Be Witnessed from Medical & F&B Packaging Sectors”

Growing health concerns are driving the medical industry and hygiene sector. Rising disposable income and growth in the e-Commerce industry are key factors driving demand for packaging products, besides the advertising industry.

Growth in these sectors will drive the demand for release coating applications such as labels, adhesive tapes, sanitary release films, and food-grade release papers. Some of these sectors, such as labels and hygiene, are growing rapidly in developing markets such as India, China, and other Southeast Asian countries.

With advancements in the medical sector and growing investments by key players, sales of release coatings are expected to witness steady growth over the coming years.

The COVID pandemic has given an unprecedented boost to the medical industry, which will remain in effect for a long time. People are more concerned about health after this pandemic. This will give rise to various medical products that use silicone release coatings, such as bandages, wound dressings, joint implants, ECG applications, etc.

“High Usage in Personal Care & Hygiene Products”

Release coatings are widely used in a variety of hygiene and personal care products. The uniform and light discharge of these discharge coatings ensure noise-free handling of sanitary napkins. The excellent fixation of the release coating for machine-finished kraft paper or non-woven fabrics makes it highly efficient in hygienic products.

“Rising Popularity of UV Silicone Release Coatings”

Increased consumption of UV silicone release coatings is expected to boost market growth. Cation-cured and free radical-cured-based UV silicone release coatings operate at lower temperatures on temperature-sensitive films than traditional silicone-based release coatings.

Attributed to escalating silicone release coating demand, the market is projected to grow 2.1X by the end of 2032 at a CAGR of 7.7%, creating an absolute dollar opportunity worth US$ 796.6 million during 2022-2032.

Country-Wise Analysis

Why is Germany a Prominent Demand Generator for Silicone Release Coatings?

Germany, the epicentre of the European release coatings industry, is expected to dominate over the forecast period. Increasing demand from the medical and industrial sectors and rising use of silicone release coatings for the manufacture of adhesive tapes and labels are driving market growth in Germany.

Under the 'German Industry 4.0 Policy Initiative', the country is focused on digital innovation and the ICT market. Also, delivery service providers will remain the point of focus in the industry’s development. Such initiatives increase the market value of German release coatings.

The Europe market is anticipated to expand at a CAGR of 8.4% to reach US$ 352.3 million by 2032, with the Germany silicone release coatings market anticipated to increase at a CAGR of 10.1% and expand 2.6X its current valuation by 2032.

Which Country Leads the Asia Pacific Market for Silicone Release Coatings?

China is the largest release coatings market in the Asia Pacific region, followed by Japan, South Korea, and India. China is the major country contributing to the growth of the release coatings market in the region. It is also the world's largest export centre for many commodities/products.

Rising urbanization and growth of the medical, food, bakery, and packaging industries in developing countries in the Asia Pacific region have led to an increase in demand for silicone release coatings.

China's population growth has the potential to further accelerate the growth of China's housing construction. Increasing national disposable income and growing concerns about people's health are expected to further drive the medical and packaging sector, which will parallelly drive silicone release coating consumption.

The East Asia silicone release coatings market is anticipated to expand at a CAGR of 9% to reach US$ 451.4 million by 2032, with the China silicone release coatings market slated to evolve at a CAGR of 8.9% and expand 2.3X its current valuation by 2032.

Category-wise Analysis

Why is Application of Hygiene Release Liners 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 release coatings.

Widespread use of sanitary products such as baby diapers, menstrual napkins, and adult incontinence products in developing countries and increased consumption of premium sanitary products in developed countries are expected to drive the global release liner market.

Increased awareness, rising consumer spending, and e-Commerce growth are driving hygiene applications of release coatings. People are now more worried about their health and are looking for convenient products.

Application of hygiene release liners of silicone release coatings is anticipated to register a CAGR of 8.4% during the forecasted period of 2022-2032.

Will Consumption of Solventless Silicone-based Release Coatings Increase at a Fast Pace?

In the pressure-sensitive tapes & label industry, the most commonly used technology is thermal addition-cure solventless release coatings.

These have several differentiating factors such as compatibility with non-inhibitive substrates, low misting, effectiveness with multi-rolled coating, fast cure at low temperatures, etc. Also, they are comparatively eco-friendlier than solvent-based release coatings.

Due to rising awareness about environmental issues and concerns, demand for solventless silicone release coatings is more as compared to solvent-based silicone release coatings because they are less harmful to nature. Many governments are now concerned and making strict laws and implementing bans to reduce carbon emissions.

Out of the product types considered in the scope of the study, demand for solventless release coatings is anticipated to increase at the highest CAGR of 8% to reach a market valuation of US$ 515.4 Million by 2032

Competition Landscape

Dow Corning Corporation, Shin-Etsu Chemical Co. Ltd. (Japan), Wacker Chemie AG, Momentive Performance Materials Inc, Evonik Industries AG, KCC Silicone, Elkem Silicones, Silibase, and PPG are leading silicone release coating manufacturers.

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 Segments of 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

• Silicone Release Coatings Market by Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South-East Asia & Oceania
  • Middle East & Africa