SiOx Coated Films Market Trends and Forecast
The future of the global SiOx coated films market looks promising with opportunities in the food packaging and medical packaging markets. The global SiOx coated films market is expected to grow with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are increasing demand for durable and high-performance coatings in electronics and automotive sectors, advancements in nanotechnology enhancing the functionality and performance of SiOx coatings, and rising focus on environmental sustainability promoting the use of eco-friendly, non-toxic coating materials.
• Lucintel forecasts that PET type is expected to witness higher growth over the forecast period.
• Within this market, food packaging is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the SiOx Coated Films Market
• United States:DuPont has announced plans to expand its SiOx coated films production capacity by 20% by 2025 to meet growing demand in the electronics sector. The U.S. government is providing grants to support advancements in barrier film technologies for food packaging.
• Japan:Toray Industries launched a new SiOx coated film with enhanced barrier properties for flexible packaging. The Japanese government has set a target to reduce plastic waste by promoting sustainable packaging solutions, supporting innovations in SiOx coated films.
• Germany:Mondi Group has initiated a project to develop recyclable SiOx coated films for the food industry. The German government is incentivizing companies to adopt eco-friendly packaging materials, aiming to cut plastic waste by 30% by 2030.
• China:Shenzhen Dongjing Films Technology announced a new production line for high-barrier SiOx coated films, targeting the electronics and solar panel markets. The Chinese government has introduced subsidies to encourage the production and use of advanced coating technologies in various industries.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
SiOx Coated Films Market by Segment
The study includes a forecast for the global SiOx coated films market by type, application, and region.
SiOx Coated Films Market by Type [Value from 2018 to 2030]:
• PET Type
• BOPP Type
• Others
SiOx Coated Films Market by Application [Value from 2018 to 2030]:
• Food Packaging
• Medical Packaging
• Others
SiOx Coated Films Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of SiOx Coated Films Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies SiOx coated films companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the SiOx coated films companies profiled in this report include-
• Amcor
• Gl Film
• Toyobo
• MGC
Recent Development in the SiOx Coated Films Market
• Mitsubishi Chemical Corporation: Recently announced the expansion of their SiOx coated films production capacity to meet the growing demand in the electronics and packaging industries. The new facility will enhance their ability to supply high-quality films globally.
• Toray Industries, Inc.: Launched a new line of ultra-thin SiOx coated films designed specifically for flexible display applications. This innovation aims to improve the durability and performance of next-generation flexible electronics.
• Dupont Teijin Films: Developed an advanced SiOx coated film with enhanced barrier properties for food packaging applications. This new product promises extended shelf life for perishable goods, reducing food waste and improving sustainability.
• Cosmo Films Ltd.: Introduced a new series of SiOx coated films for solar panel encapsulation. These films offer superior moisture and oxygen barrier properties, significantly improving the efficiency and lifespan of solar panels.
• Uflex Ltd.: Announced the launch of their latest high-barrier SiOx coated films for the pharmaceutical industry. These films are designed to provide exceptional protection against moisture and oxygen, ensuring the stability and efficacy of sensitive pharmaceutical products.
Features of the Global SiOx Coated Films Market
Market Size Estimates: SiOx coated films market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: SiOx coated films market size by type, application, and region in terms of value ($B).
Regional Analysis: SiOx coated films market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the SiOx coated films market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the SiOx coated films market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for SiOx coated films market?
Answer: The global SiOx coated films market is expected to grow with a CAGR of 5.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the SiOx coated films market?
Answer: The major drivers for this market are increasing demand for durable, high-performance coatings in electronics and automotive sectors, advancements in nanotechnology enhancing the functionality and performance of SiOx coatings, and rising focus on environmental sustainability promoting the use of eco-friendly, non-toxic coating materials.
Q3. What are the major segments for SiOx coated films market?
Answer: The future of the SiOx coated films market looks promising with opportunities in the food packaging and medical packaging markets.
Q4. Who are the key SiOx coated films market companies?
Answer: Some of the key SiOx coated films companies are as follows:
• Amcor
• Gl Film
• Toyobo
• MGC
Q5. Which SiOx coated films market segment will be the largest in future?
Answer: Lucintel forecasts that PET type is expected to witness higher growth over the forecast period.
Q6. In SiOx coated films market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the SiOx coated films market by type (PET type, BOPP type, and others), application (food packaging, medical packaging, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to SiOx Coated Films Market Market, SiOx Coated Films Market Market Size, SiOx Coated Films Market Market Growth, SiOx Coated Films Market Market Analysis, SiOx Coated Films Market Market Report, SiOx Coated Films Market Market Share, SiOx Coated Films Market Market Trends, SiOx Coated Films Market Market Forecast, SiOx Coated Films Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.