What is Silicone Gel Market?
Silicone gels are synthetic gels composed of reactive silicone polymers and reactive silicone cross-linkers. Silicone gel is widely used to fill breast implants, effective in various types of scars. Pads containing silicone gel are used as shock absorbers in shoes. Wide areas of applications in pharmaceutical and electronic industries will have a positive impact on the global market position of silicone gel.
The market study is being classified by Type (Organic and Inorganic), by Application (Medical, Pharmaceuticals, Electronics, Cosmetics and Others) and major geographies with country level break-up.
Shin-Etsu Chemical Co., Ltd. (Japan), Dow Corning Corporation (United States), KCC Corporation (South Korea), Wacker Chemie AG (Germany), Nusil Technology LLC (United States), Momentive (United States), ChemChina (China), DuPont and Dow (United States), Shin-Etsu Chemical (Japan) and Wacker Chemie AG (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are BASF (Germany), Clariant (Switzerland), Evonik Industries AG (Germany), Solvay (Belgium), W. R. Grace & Co.-Conn. (United States), Merck & Co. (United States), Sorbead India (India) and Fuji Silysia Chemical Ltd. (Japan).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Silicone Gel market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Silicone Gel market by Type, Application and Region.
On the basis of geography, the market of Silicone Gel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Utilized By Electronic Industry to Protect Various Components in Devices
- Growth in the Pharmaceutical Industry Raising Demand for the Product
Market Trend
- A Surge in the Logistics Sector Is Raising Demand from Packaging Industries
Restraints
- Availability of Substitutes That Have Varied Applications
Opportunities
- Increasing Popularity of Fragrance Silica Gel Is Likely To Propel Market Growth
Challenges
Key Target Audience
Silicone Gel Manufacturer, Traders/Distributors/Suppliers, Raw Material Supplier, Government Bodies and Associations, End-User and Others