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Silicone Gel Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Aug 2022
  • Pages: 132
  • SKU: IRTNTR74088
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The silicone gel market share 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 provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this 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). The silicone gel market report also offers information on several market vendors, including 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. among others.

What will the Silicone Gel Market Size be During the Forecast Period?

Silicone Gel Market Size

Download Report Sample to Unlock the Silicone Gel Market Size for the Forecast Period and Other Important Statistics

 

Silicone Gel Market: Key Drivers, Trends, and Challenges

The growing demand from the personal care industry is notably driving the silicone gel market growth, although factors such as stringent regulations and policies may impede the market growth. 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.

Key Silicone Gel Market Driver

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.

Key Silicone Gel Market Trend

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.

Key Silicone Gel Market Challenge

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.

Parent Market Analysis

Technavio categorizes the global silicone gel market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the silicone gel market during the forecast period.

Who are the Major Silicone Gel Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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
  • Mitsubishi Chemical Holdings Corp.

 

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.

Product Insights and News

  • elkem.com - The company offers silicone gel namely Silbione.
  • evonik.com - The company offers silicone gel namely Aerosil.

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.

Silicone Gel Market Value Chain Analysis

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.

Which are the Key Regions for Silicone Gel Market?

Silicone Gel Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

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.

COVID Impact and Recovery Analysis

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.

What are the Revenue-generating End-user Segments in the Silicone Gel Market?

Silicone Gel Market Share

To gain further insights on the market contribution of various segments Request PDF Sample

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 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.

 

Silicone Gel Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.1%

Market growth 2022-2026

$ 461.88 million

Market structure

Fragmented

YoY growth (%)

4.1

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 47%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

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.

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.

Customization purview

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What are the Key Data Covered in this Silicone Gel Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive silicone gel market growth during the next five years
  • Precise estimation of the silicone gel market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the silicone gel industry across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of silicone gel market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 26: Chart on Comparison by End-user
      • Exhibit 27: Data Table on Comparison by End-user
    • 5.3 Electrical and electronics - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Electrical and electronics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Electrical and electronics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Electrical and electronics - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Electrical and electronics - Year-over-year growth 2021-2026 (%)
    • 5.4 Medical and pharmaceuticals - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Medical and pharmaceuticals - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Medical and pharmaceuticals - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Medical and pharmaceuticals - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Medical and pharmaceuticals - Year-over-year growth 2021-2026 (%)
    • 5.5 Cosmetics and personal care - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Cosmetics and personal care - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Cosmetics and personal care - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Cosmetics and personal care - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Cosmetics and personal care - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by End-user
      • Exhibit 44: Market opportunity by End-user ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 DuPont de Nemours Inc.
              • Exhibit 97: DuPont de Nemours Inc. - Overview
              • Exhibit 98: DuPont de Nemours Inc. - Business segments
              • Exhibit 99: DuPont de Nemours Inc. - Key offerings
              • Exhibit 100: DuPont de Nemours Inc. - Segment focus
            • 10.4 Elkem ASA
              • Exhibit 101: Elkem ASA - Overview
              • Exhibit 102: Elkem ASA - Business segments
              • Exhibit 103: Elkem ASA - Key offerings
              • Exhibit 104: Elkem ASA - Segment focus
            • 10.5 Evonik Industries AG
              • Exhibit 105: Evonik Industries AG - Overview
              • Exhibit 106: Evonik Industries AG - Business segments
              • Exhibit 107: Evonik Industries AG - Key news
              • Exhibit 108: Evonik Industries AG - Key offerings
              • Exhibit 109: Evonik Industries AG - Segment focus
            • 10.6 Fuji Silysia Chemical Ltd.
              • Exhibit 110: Fuji Silysia Chemical Ltd. - Overview
              • Exhibit 111: Fuji Silysia Chemical Ltd. - Product / Service
              • Exhibit 112: Fuji Silysia Chemical Ltd. - Key offerings
            • 10.7 Merck KGaA
              • Exhibit 113: Merck KGaA - Overview
              • Exhibit 114: Merck KGaA - Business segments
              • Exhibit 115: Merck KGaA - Key news
              • Exhibit 116: Merck KGaA - Key offerings
              • Exhibit 117: Merck KGaA - Segment focus
            • 10.8 Nissan Chemical Corp.
              • Exhibit 118: Nissan Chemical Corp. - Overview
              • Exhibit 119: Nissan Chemical Corp. - Business segments
              • Exhibit 120: Nissan Chemical Corp. - Key offerings
              • Exhibit 121: Nissan Chemical Corp. - Segment focus
            • 10.9 Shin Etsu Chemical Co. Ltd.
              • Exhibit 122: Shin Etsu Chemical Co. Ltd. - Overview
              • Exhibit 123: Shin Etsu Chemical Co. Ltd. - Business segments
              • Exhibit 124: Shin Etsu Chemical Co. Ltd. - Key offerings
              • Exhibit 125: Shin Etsu Chemical Co. Ltd. - Segment focus
            • 10.10 Solvay SA
              • Exhibit 126: Solvay SA - Overview
              • Exhibit 127: Solvay SA - Business segments
              • Exhibit 128: Solvay SA - Key news
              • Exhibit 129: Solvay SA - Key offerings
              • Exhibit 130: Solvay SA - Segment focus
            • 10.11 The Dow Chemical Co.
              • Exhibit 131: The Dow Chemical Co. - Overview
              • Exhibit 132: The Dow Chemical Co. - Business segments
              • Exhibit 133: The Dow Chemical Co. - Key news
              • Exhibit 134: The Dow Chemical Co. - Key offerings
              • Exhibit 135: The Dow Chemical Co. - Segment focus
            • 10.12 Wacker Chemie AG
              • Exhibit 136: Wacker Chemie AG - Overview
              • Exhibit 137: Wacker Chemie AG - Business segments
              • Exhibit 138: Wacker Chemie AG - Key offerings
              • Exhibit 139: Wacker Chemie AG - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 140: Inclusions checklist
                • Exhibit 141: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 142: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 143: Research methodology
                • Exhibit 144: Validation techniques employed for market sizing
                • Exhibit 145: Information sources
              • 11.5 List of abbreviations
                • Exhibit 146: List of abbreviations

              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.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Silicone Gel market growth will increase by $461.88 million during 2022-2026.
              The silicone gel market is expected to grow at a CAGR of 5.1% during 2022-2026.
              Technavio has segmented the silicone gel market by geographic (APAC, North America, Europe, Middle East and Africa, and South America).
              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, Mitsubishi Chemical Holdings Corp. are a few of the key vendors in the silicone gel market.
              APAC will register the highest growth rate of 47.32% among the other regions. Therefore, the silicone gel market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the silicone gel market growth are:
              • Growing demand from personal care industry
              • Increasing adoption in electrical and electronics industry
              The silicone gel market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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