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The Global Silicone Gel Market size is expected to increase by USD 461.88 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.1%.
This silicone gel market research report extensively covers silicone gel market segmentation by end-user (electrical and electronics, medical and pharmaceuticals, cosmetics and personal care, and others) and geography (APAC, North America, Europe, Middle East and Africa, and South America).
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Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the silicone gel industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
The growing demand from the personal care industry is one of the key drivers fueling the silicone gel market growth. Silicone gel is commonly used in the formulation of skincare and hair care products, such as shampoos, deodorants, cleansing creams, antiperspirants, lotions, and bath oils. Moreover, the demographic factors and growing beauty consciousness among individuals will contribute to the growth of the market for personal care products. Furthermore, the skin softening and non-greasy properties of silicone gel will augment the demand for silicone gel, which will fuel the growth of the market during the forecast period. In 2021, the skin care segment accounted for more than a quarter of the sales in the global silicone gel market. Such developments are expected to drive the growth of the market during the forecast period.
Increasing adoption in the electrical and electronics industry is one of the key silicone gel market trends propelling market growth. Silicone gels help absorb thermomechanical stress, thereby protecting the adjoining components. The use of silicone gels in printed circuit boards, semiconductors, electronic control units, and light-emitting diode (LED) devices is increasing because of their durability and flexibility. Meanwhile, silicone gel products are also increasingly used in the consumer electronics industry. The global consumer electronics market demand is driven by the growing urban populations, rise in disposable income, strong supply chain, and high Internet penetrations. Therefore, the increasing demand for consumer electronics will positively impact the market during the forecast period.
Stringent regulations and policies is one of the factors limiting the silicone gel market growth. Stringent regulations by the Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) on the materials to be used for food and beverages can pose serious challenges to the growth of the market. For instance, in the US, the Food and Drug Administration (FDA) implements guidelines on the use of materials for food applications. The use of silicone gel as release agents, lubricants, and defoaming agents, among others, for food processing, food treatment, and food packaging should comply with industry standards. Such regulations may further limit the market growth during the forecast period.
This silicone gel market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
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The silicone gel market share growth by the electrical and electronics segment will be significant during the forecast period. The electrical and electronics segment in the global silicone gel market is expected to witness significant growth in terms of market revenue compared with other segments, such as medical and pharmaceutical and cosmetics and personal care, during the forecast period. This is due to the growing demand for silicone gel in the electrical and electronics industry for various applications, such as semiconductors, highly sensitive circuits, and other electronic components and assemblies due to its stability in low and high temperatures.
This silicone gel market research report provides an accurate prediction of the contribution of all the segments to the growth of the silicone gel market size and actionable market insights on post COVID-19 impact on each segment.
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47% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for silicone gel in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The growing demand for silicone gel from end-user industries such as cosmetics and personal care, pharmaceutical, and agriculture will facilitate the silicone gel market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
In 2020, the COVID-19 pandemic had a negative impact on the regional market. However, in H2 2021, due to the availability of COVID-19 vaccines, the number of COVID-19 cases in the region declined. This led to the easing of COVID-19-related restrictions and the reopening of manufacturing units of vendors and end-user industries. Such initiatives are expected to propel market growth during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the silicone gel market encompasses successful business strategies deployed by the key vendors. The silicone gel market is fragmented and the vendors are deploying growth strategies such as brand, quality, and reliability to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The silicone gel market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the silicone gel market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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Silicone Gel Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.1% |
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Market growth 2022-2026 |
USD 461.88 million |
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Market structure |
Fragmented |
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YoY growth (%) |
4.1 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 47% |
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Key consumer countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
CRI SIL Silicone Technologies LLC, DuPont de Nemours Inc., Elkem ASA, Evonik Industries AG, Fuji Silysia Chemical Ltd., Henkel AG and Co. KGaA, KCC Co. Ltd., Merck KGaA, Momentive Performance Materials Inc., Nissan Chemical Corp., North Coast Medical Inc., Novagard Solutions Inc., Shin Etsu Chemical Co. Ltd., Siltech Corp., Solvay SA, Specialty Silicone Products Inc., The Dow Chemical Co., Thermo Fisher Scientific Inc., Wacker Chemie AG, and Mitsubishi Chemical Holdings Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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