Silicone Gel Market to offer a healthy CAGR of 8.2% during 2020-25
February 17, 2020
Silicone Gel Market Overview:
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.
Report Overview:
This new report from Stratview Research analyses the Silicone Gel Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Silicone Gel Market Segment Insights:
End-Use Industry Type: electrical & electronics, medical & pharmaceuticals and others
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.
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https://www.stratviewresearch.com/toc/596/silicone-gel-market.html
A highly/moderately/fragment consolidated Market
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., and Henkel AG & Co.
Region: Asia-Pacific is the largest and fastest-growing 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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