PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1250764
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1250764
Silicone Gel Market Forecasts to 2028 - Global Analysis By Product Type (Industrial Silicone Gel, Medical Silicone Gel and Other Product Types), Thickness (Below 2.5 nm, 5-5 nm, 5-7.0 nm and Above 7.0 nm), End User and By Geography
According to Stratistics MRC, the Global Silicone Gel Market is accounted for $20.1 billion in 2022 and is expected to reach $32.2 billion by 2028 growing at a CAGR of 8.1% during the forecast period. Silicone gel is a synthetic gel that is used to fill breast implants and is useful for treating a variety of scars. Repeating siloxane units are used to create the silicone gel. Carbon or hydrogen are joined with the chain of silicon and oxygen atoms. The heat and cold resistance, high dielectric breakdown, and hydrophobicity of silicone gel make it ideal for use in the electrical and electronic industries. The advantages of natural silicone gel over inorganic silicone gel are becoming more widely known among customers, which also helps the market expand.
According to India Brand Equity Foundation, the beauty, cosmetic, and grooming market is currently worth over USD 7 billion and is expected to reach USD 20 billion by 2025. According to the German Electrical and Electronic Manufacturers' Association (ZVEI), the global electronics and electric market is expected to grow to approximately EUR 4.7 trillion.
Market Dynamics:
Driver:
Rising adoption in the electrical and electronics sector
Silicone gels work to reduce thermo mechanical stress and shield nearby components. Because to their resilience and flexibility, silicone gels are being used more and more in printed circuit boards, semiconductors, and light-emitting diode (LED) devices. The consumer electronics sector is also using silicone gel products more frequently. Hence, the market will benefit from the rising demand for consumer electronics.
Restraint:
Stringent regulations and policies
The Environmental Protection Agency's (EPA's) and REACH's tight limits on the substances that can be used to make food and drink might seriously hinder the market's expansion. Silicone gel should be used as release agents, lubricants, and defoaming agents, among other things, in food processing, food treatment, and food packaging in accordance with industry requirements. Such regulations may further limit the market growth.
Opportunity:
Surge in demand for silicone gel
The rapid increase in demand for silicone gel from end-use industries is a major driver of market expansion. Silicone gel is essential for the diode's security and for enhancing light transmission. Also, it can be utilised as a packaging material to cover and safeguard display units or lights that are prepared for shipping. Increase in usage of silicone gel in medical implants is the factor driving the growth of the market.
Threat:
High cost of raw materials
The usage of silicone gel is restricted to specific end uses, but because to its low cost, replacements are used in a variety of applications, including bioterrorism, biohazards, and applications for gas and liquid dehydration. These silicone gel alternatives are frequently selected by clients due to their wide range of uses and affordable price. Hence, these factors are hampering the market growth.
Covid-19 Impact
The electrical and automotive industries are also significantly impacted by the new corona virus. The implementation of the global lockdown has resulted in a considerable drop in consumer goods demand. In addition, problems with the supply chain and a lack of labourers pose serious obstacles to the production of a variety of consumer goods. To stop the virus from spreading further, governments all around the world have ordered the closure of a variety of sectors.
The medical silicone gel segment is expected to be the largest during the forecast period
The medical silicone gel segment is estimated to have a lucrative growth, due to its utilization.
Medical silicone gel is extremely fluid and has a very low viscosity. Its basis mostly consists of silicon dioxide. Artificial heart valves, hip and knee replacement components, and other prosthetic devices are made using silicone medical gels. In order to avoid adhesions forming between human organs or tissues, physicians also employ it during surgery.
The medical & pharmaceuticals segment is expected to have the highest CAGR during the forecast period
The medical & pharmaceuticals segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its advantages. Pharmaceutical and medical applications use industrial silicone gel. This kind of silicone gel is favoured for use in the production of implants because it has good biocompatibility with the human body and does not harm people or induce allergies in them.
Region with Largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to low cost and the availability of raw materials. A high number of OEMs are present in the area, which will cause the market for electronics production to expand quickly. The nation not only meets the demand for electronics domestically, but it also exports electronic products to other nations. Hence, the growing end-user industries are expected to boost the demand in the region.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to increased demand in construction sector. An increase in financing and supportive measures, such as incentives, subsidies, and tax breaks, implemented by numerous governments, are projected to enhance regional growth. Additionally, the expanding use of silicone in the healthcare sector for aesthetic implants and the renewable energy sector for uses in windmills and solar panels is expected to drive region growth.
Key Players in the market
Some of the key players profiled in the Silicone Gel Market include DOW Corning Corporation, Nusil Technology, ACC Silicones Ltd., Wacker Chemie AG, KCC Corporation, Henkel AG & Co., Applied Silicone Corporation, Siltech Corporation, DowDuPont, Bluestar Silicones, North Coast Medical, Novagard Solutions, Momentive Performance Materials, Gelest Inc., Shin-Etsu Chemical Co., Ltd., Momentive Performance Materials Inc. and Elkem ASA.
Key Developments:
In December 2020, Wacker Chemie AG announced the launch of new silicone sealants produced from renewable raw materials. It is launched under the brand name ELASTOSIL eco and with the launch of this new product, the company can provide products manufactured using bio-based methanol to silicone sealant suppliers.
In December 2019, Elkem ASA acquired Polysil, a Chinese silicone elastomers and resins company. This acquisition will enhance the product portfolio and gain strong positions in food grade and baby food silicones industries, also silicone products for the medical and electronics markets.
Product Types Covered:
- Industrial Silicone Gel
- Medical Silicone Gel
- Other Product Types
Thickness Covered:
- Below 2.5 nm
- 5-5 nm
- 5-7.0 nm
- Above 7.0 nm
End Users Covered:
- Electrical & Electronics
- Cosmetics & Personal Care
- Medical & Pharmaceuticals
- LED Lighting
- Photovoltaic Sector
- HV Insulation
- Scar Treatment & Wound Care
- Prosthetic & Implant
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Silicone Gel Market, By Product Type
- 5.1 Introduction
- 5.2 Industrial Silicone Gel
- 5.3 Medical Silicone Gel
- 5.4 Other Product Types
6 Global Silicone Gel Market, By Thickness
- 6.1 Introduction
- 6.2 Below 2.5 nm
- 6.3 5-5 nm
- 6.4 5-7.0 nm
- 6.5 Above 7.0 nm
7 Global Silicone Gel Market, By End User
- 7.1 Introduction
- 7.2 Electrical & Electronics
- 7.3 Cosmetics & Personal Care
- 7.4 Medical & Pharmaceuticals
- 7.5 LED Lighting
- 7.6 Photovoltaic Sector
- 7.7 HV Insulation
- 7.8 Scar Treatment & Wound Care
- 7.9 Prosthetic & Implant
8 Global Silicone Gel Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 DOW Corning Corporation
- 10.2 Nusil Technology
- 10.3 ACC Silicones Ltd.
- 10.4 Wacker Chemie AG
- 10.5 KCC Corporation
- 10.6 Henkel AG & Co.
- 10.7 Applied Silicone Corporation
- 10.8 Siltech Corporation
- 10.9 DowDuPont
- 10.10 Bluestar Silicones
- 10.11 North Coast Medical
- 10.12 Novagard Solutions
- 10.13 Momentive Performance Materials
- 10.14 Gelest Inc.
- 10.15 Shin-Etsu Chemical Co., Ltd.
- 10.16 Momentive Performance Materials Inc.
- 10.17 Elkem ASA
List of Tables
- Table 1 Global Silicone Gel Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Silicone Gel Market Outlook, By Product Type (2020-2028) ($MN)
- Table 3 Global Silicone Gel Market Outlook, By Industrial Silicone Gel (2020-2028) ($MN)
- Table 4 Global Silicone Gel Market Outlook, By Medical Silicone Gel (2020-2028) ($MN)
- Table 5 Global Silicone Gel Market Outlook, By Other Product Types (2020-2028) ($MN)
- Table 6 Global Silicone Gel Market Outlook, By Thickness (2020-2028) ($MN)
- Table 7 Global Silicone Gel Market Outlook, By Below 2.5 nm (2020-2028) ($MN)
- Table 8 Global Silicone Gel Market Outlook, By 5-5 nm (2020-2028) ($MN)
- Table 9 Global Silicone Gel Market Outlook, By 5-7.0 nm (2020-2028) ($MN)
- Table 10 Global Silicone Gel Market Outlook, By Above 7.0 nm (2020-2028) ($MN)
- Table 11 Global Silicone Gel Market Outlook, By End User (2020-2028) ($MN)
- Table 12 Global Silicone Gel Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
- Table 13 Global Silicone Gel Market Outlook, By Cosmetics & Personal Care (2020-2028) ($MN)
- Table 14 Global Silicone Gel Market Outlook, By Medical & Pharmaceuticals (2020-2028) ($MN)
- Table 15 Global Silicone Gel Market Outlook, By LED Lighting (2020-2028) ($MN)
- Table 16 Global Silicone Gel Market Outlook, By Photovoltaic Sector (2020-2028) ($MN)
- Table 17 Global Silicone Gel Market Outlook, By HV Insulation (2020-2028) ($MN)
- Table 18 Global Silicone Gel Market Outlook, By Scar Treatment & Wound Care (2020-2028) ($MN)
- Table 19 Global Silicone Gel Market Outlook, By Prosthetic & Implant (2020-2028) ($MN)
- Table 20 North America Silicone Gel Market Outlook, By Country (2020-2028) ($MN)
- Table 21 North America Silicone Gel Market Outlook, By Product Type (2020-2028) ($MN)
- Table 22 North America Silicone Gel Market Outlook, By Industrial Silicone Gel (2020-2028) ($MN)
- Table 23 North America Silicone Gel Market Outlook, By Medical Silicone Gel (2020-2028) ($MN)
- Table 24 North America Silicone Gel Market Outlook, By Other Product Types (2020-2028) ($MN)
- Table 25 North America Silicone Gel Market Outlook, By Thickness (2020-2028) ($MN)
- Table 26 North America Silicone Gel Market Outlook, By Below 2.5 nm (2020-2028) ($MN)
- Table 27 North America Silicone Gel Market Outlook, By 5-5 nm (2020-2028) ($MN)
- Table 28 North America Silicone Gel Market Outlook, By 5-7.0 nm (2020-2028) ($MN)
- Table 29 North America Silicone Gel Market Outlook, By Above 7.0 nm (2020-2028) ($MN)
- Table 30 North America Silicone Gel Market Outlook, By End User (2020-2028) ($MN)
- Table 31 North America Silicone Gel Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
- Table 32 North America Silicone Gel Market Outlook, By Cosmetics & Personal Care (2020-2028) ($MN)
- Table 33 North America Silicone Gel Market Outlook, By Medical & Pharmaceuticals (2020-2028) ($MN)
- Table 34 North America Silicone Gel Market Outlook, By LED Lighting (2020-2028) ($MN)
- Table 35 North America Silicone Gel Market Outlook, By Photovoltaic Sector (2020-2028) ($MN)
- Table 36 North America Silicone Gel Market Outlook, By HV Insulation (2020-2028) ($MN)
- Table 37 North America Silicone Gel Market Outlook, By Scar Treatment & Wound Care (2020-2028) ($MN)
- Table 38 North America Silicone Gel Market Outlook, By Prosthetic & Implant (2020-2028) ($MN)
- Table 39 Europe Silicone Gel Market Outlook, By Country (2020-2028) ($MN)
- Table 40 Europe Silicone Gel Market Outlook, By Product Type (2020-2028) ($MN)
- Table 41 Europe Silicone Gel Market Outlook, By Industrial Silicone Gel (2020-2028) ($MN)
- Table 42 Europe Silicone Gel Market Outlook, By Medical Silicone Gel (2020-2028) ($MN)
- Table 43 Europe Silicone Gel Market Outlook, By Other Product Types (2020-2028) ($MN)
- Table 44 Europe Silicone Gel Market Outlook, By Thickness (2020-2028) ($MN)
- Table 45 Europe Silicone Gel Market Outlook, By Below 2.5 nm (2020-2028) ($MN)
- Table 46 Europe Silicone Gel Market Outlook, By 5-5 nm (2020-2028) ($MN)
- Table 47 Europe Silicone Gel Market Outlook, By 5-7.0 nm (2020-2028) ($MN)
- Table 48 Europe Silicone Gel Market Outlook, By Above 7.0 nm (2020-2028) ($MN)
- Table 49 Europe Silicone Gel Market Outlook, By End User (2020-2028) ($MN)
- Table 50 Europe Silicone Gel Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
- Table 51 Europe Silicone Gel Market Outlook, By Cosmetics & Personal Care (2020-2028) ($MN)
- Table 52 Europe Silicone Gel Market Outlook, By Medical & Pharmaceuticals (2020-2028) ($MN)
- Table 53 Europe Silicone Gel Market Outlook, By LED Lighting (2020-2028) ($MN)
- Table 54 Europe Silicone Gel Market Outlook, By Photovoltaic Sector (2020-2028) ($MN)
- Table 55 Europe Silicone Gel Market Outlook, By HV Insulation (2020-2028) ($MN)
- Table 56 Europe Silicone Gel Market Outlook, By Scar Treatment & Wound Care (2020-2028) ($MN)
- Table 57 Europe Silicone Gel Market Outlook, By Prosthetic & Implant (2020-2028) ($MN)
- Table 58 Asia Pacific Silicone Gel Market Outlook, By Country (2020-2028) ($MN)
- Table 59 Asia Pacific Silicone Gel Market Outlook, By Product Type (2020-2028) ($MN)
- Table 60 Asia Pacific Silicone Gel Market Outlook, By Industrial Silicone Gel (2020-2028) ($MN)
- Table 61 Asia Pacific Silicone Gel Market Outlook, By Medical Silicone Gel (2020-2028) ($MN)
- Table 62 Asia Pacific Silicone Gel Market Outlook, By Other Product Types (2020-2028) ($MN)
- Table 63 Asia Pacific Silicone Gel Market Outlook, By Thickness (2020-2028) ($MN)
- Table 64 Asia Pacific Silicone Gel Market Outlook, By Below 2.5 nm (2020-2028) ($MN)
- Table 65 Asia Pacific Silicone Gel Market Outlook, By 5-5 nm (2020-2028) ($MN)
- Table 66 Asia Pacific Silicone Gel Market Outlook, By 5-7.0 nm (2020-2028) ($MN)
- Table 67 Asia Pacific Silicone Gel Market Outlook, By Above 7.0 nm (2020-2028) ($MN)
- Table 68 Asia Pacific Silicone Gel Market Outlook, By End User (2020-2028) ($MN)
- Table 69 Asia Pacific Silicone Gel Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
- Table 70 Asia Pacific Silicone Gel Market Outlook, By Cosmetics & Personal Care (2020-2028) ($MN)
- Table 71 Asia Pacific Silicone Gel Market Outlook, By Medical & Pharmaceuticals (2020-2028) ($MN)
- Table 72 Asia Pacific Silicone Gel Market Outlook, By LED Lighting (2020-2028) ($MN)
- Table 73 Asia Pacific Silicone Gel Market Outlook, By Photovoltaic Sector (2020-2028) ($MN)
- Table 74 Asia Pacific Silicone Gel Market Outlook, By HV Insulation (2020-2028) ($MN)
- Table 75 Asia Pacific Silicone Gel Market Outlook, By Scar Treatment & Wound Care (2020-2028) ($MN)
- Table 76 Asia Pacific Silicone Gel Market Outlook, By Prosthetic & Implant (2020-2028) ($MN)
- Table 77 South America Silicone Gel Market Outlook, By Country (2020-2028) ($MN)
- Table 78 South America Silicone Gel Market Outlook, By Product Type (2020-2028) ($MN)
- Table 79 South America Silicone Gel Market Outlook, By Industrial Silicone Gel (2020-2028) ($MN)
- Table 80 South America Silicone Gel Market Outlook, By Medical Silicone Gel (2020-2028) ($MN)
- Table 81 South America Silicone Gel Market Outlook, By Other Product Types (2020-2028) ($MN)
- Table 82 South America Silicone Gel Market Outlook, By Thickness (2020-2028) ($MN)
- Table 83 South America Silicone Gel Market Outlook, By Below 2.5 nm (2020-2028) ($MN)
- Table 84 South America Silicone Gel Market Outlook, By 5-5 nm (2020-2028) ($MN)
- Table 85 South America Silicone Gel Market Outlook, By 5-7.0 nm (2020-2028) ($MN)
- Table 86 South America Silicone Gel Market Outlook, By Above 7.0 nm (2020-2028) ($MN)
- Table 87 South America Silicone Gel Market Outlook, By End User (2020-2028) ($MN)
- Table 88 South America Silicone Gel Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
- Table 89 South America Silicone Gel Market Outlook, By Cosmetics & Personal Care (2020-2028) ($MN)
- Table 90 South America Silicone Gel Market Outlook, By Medical & Pharmaceuticals (2020-2028) ($MN)
- Table 91 South America Silicone Gel Market Outlook, By LED Lighting (2020-2028) ($MN)
- Table 92 South America Silicone Gel Market Outlook, By Photovoltaic Sector (2020-2028) ($MN)
- Table 93 South America Silicone Gel Market Outlook, By HV Insulation (2020-2028) ($MN)
- Table 94 South America Silicone Gel Market Outlook, By Scar Treatment & Wound Care (2020-2028) ($MN)
- Table 95 South America Silicone Gel Market Outlook, By Prosthetic & Implant (2020-2028) ($MN)
- Table 96 Middle East & Africa Silicone Gel Market Outlook, By Country (2020-2028) ($MN)
- Table 97 Middle East & Africa Silicone Gel Market Outlook, By Product Type (2020-2028) ($MN)
- Table 98 Middle East & Africa Silicone Gel Market Outlook, By Industrial Silicone Gel (2020-2028) ($MN)
- Table 99 Middle East & Africa Silicone Gel Market Outlook, By Medical Silicone Gel (2020-2028) ($MN)
- Table 100 Middle East & Africa Silicone Gel Market Outlook, By Other Product Types (2020-2028) ($MN)
- Table 101 Middle East & Africa Silicone Gel Market Outlook, By Thickness (2020-2028) ($MN)
- Table 102 Middle East & Africa Silicone Gel Market Outlook, By Below 2.5 nm (2020-2028) ($MN)
- Table 103 Middle East & Africa Silicone Gel Market Outlook, By 5-5 nm (2020-2028) ($MN)
- Table 104 Middle East & Africa Silicone Gel Market Outlook, By 5-7.0 nm (2020-2028) ($MN)
- Table 105 Middle East & Africa Silicone Gel Market Outlook, By Above 7.0 nm (2020-2028) ($MN)
- Table 106 Middle East & Africa Silicone Gel Market Outlook, By End User (2020-2028) ($MN)
- Table 107 Middle East & Africa Silicone Gel Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
- Table 108 Middle East & Africa Silicone Gel Market Outlook, By Cosmetics & Personal Care (2020-2028) ($MN)
- Table 109 Middle East & Africa Silicone Gel Market Outlook, By Medical & Pharmaceuticals (2020-2028) ($MN)
- Table 110 Middle East & Africa Silicone Gel Market Outlook, By LED Lighting (2020-2028) ($MN)
- Table 111 Middle East & Africa Silicone Gel Market Outlook, By Photovoltaic Sector (2020-2028) ($MN)
- Table 112 Middle East & Africa Silicone Gel Market Outlook, By HV Insulation (2020-2028) ($MN)
- Table 113 Middle East & Africa Silicone Gel Market Outlook, By Scar Treatment & Wound Care (2020-2028) ($MN)
- Table 114 Middle East & Africa Silicone Gel Market Outlook, By Prosthetic & Implant (2020-2028) ($MN)
