Silicone Gel Market | Covid-19 Impact Analysis

Silicone Gel Market Insights 

Silicone gel market is likely to witness an impressive CAGR of 8.2% during the forecast period. Rapid growth of the electrical & electronics sector and rise in demand for silicone gel for innovative applications, such as protective skin coverings, comfort pads, sealing applications in medical industry, aerospace & defense, footwear, agriculture, and pharmaceutical sectors are the prime factors fueling the growth of the global silicone gel market.

Market Share Analysis

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Silicone Gel Market Share: By End-Use Industry Type  

Based on the end-use industry type, the market is segmented as electrical & electronics, medical & pharmaceuticals, cosmetics & personal care, and others. The electrical & electronics segment is estimated to dominate the market, in terms value and volume, in the coming five years. The growth is owing to the superior characteristics of silicone gels, such as hydrophobicity, elevated dielectric breakdown, confrontation to high and low temperatures, which qualify these gels to be employed in extreme and severe circumstances in the electrical & electronics sector.

Silicone Gel Market Share: By Region

In terms of regions, Asia-Pacific is the largest and fastest-growing region of the silicone gel market. The demand for silicone gel is owing to the development of end-use industries, viable manufacturing costs, and high fiscal growth rate in the region. Further, the increasing use in the photovoltaic sector blended with the claim for small, low-cost and cutting-edge electronic components in the foremost Asia-Pacific countries, such as China, India, Japan, and South Korea is bolstering the demand for silicone gel in this region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Some of the major players in the silicone gel market are-

• DOW Corning Corporation
• Shin-Etsu Chemical Co., Ltd.
• Wacker Chemie AG
• Momentive Performance Materials Inc.
• Bluestar Silicones (Elkem Group)
• ACC Silicones Ltd.
• Gelest Inc.
• KCC Corporation
• Nusil Technology LLC.
• Henkel AG & Co.

Market Scope & Segmentation

Silicone gel is silicon dioxide’s porous form that has a tridimensional framework of oxygen atoms and silicon with nanometer pores. It is an odorless substance with the chemical formula of SiO2. The main task of this substance is to absorb moisture. Hence, packs of silica gel is put into new products to keep the products safe from moisture.

Silicone gel is a common substance that is also used in the air conditioners in the form of a drying agent. Some of the most common industries where the gel is most commonly used are electronics, pharmaceuticals, personal care, cosmetics, and many others.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The silicone gel market is segmented into the following categories. 

Silicone Gel Market Size, Share, & Forecast, by End-Use Industry Type:

• Electrical & Electronics
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (End-Use Industry Type Analysis: Automotive Electronics, LED Lighting, HV Insulation, and Photovoltaic (PV))
• Medical & Pharmaceuticals
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (End-Use Industry Type Analysis: Prosthetic and Implant, Scar Treatment and Wound Care, Pharmaceuticals, and Others)
• Cosmetics & Personal Care (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (End-Use Industry Type Analysis: Agriculture, Footwear, and Aerospace & Defense)

Silicone Gel Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by end-use industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].