Product Code: ANV3901
REPORT HIGHLIGHT
The Silicone Gel Market is anticipated to reach USD 1,524.2 million in 2023, with a CAGR of 7.80% from 2024 to 2032.
The silicone gel market encompasses gel-based chemicals derived principally from silicone-containing polymers. Silicone gels are widely used to insulate electrical equipment, seal and caulk applications, and in the personal care and medical industries. Silicone gels have several critical qualities, including flexibility throughout a wide temperature range, low heat conductivity, optical clarity, and electrical insulation. The global silicone gel market has been steadily growing due to increased demand from industries such as electronics, automotive, industrial, and healthcare.
Silicone Gel Market- Market Dynamics
Growing Demand in the Medical Industry
The use of silicone gel in the medical business has significantly increased in recent years. Because of its unique qualities, such as biocompatibility, flexibility, and softness, silicone gel is widely employed in a variety of medical devices and applications. A major motivator has been the increased need for silicone gel in medical implants. Breast implants made of silicone gel are becoming increasingly popular among those undergoing reconstructive surgery following mastectomy. Silicone gel implants provide a more natural appearance and feel than saline implants. Many patients prefer them for cosmetic breast augmentations because they can replicate the movement and feel of natural breasts. Silicone gel is poised to become a safer and more durable alternative to traditional silicone implants, which have been linked to autoimmune diseases. In addition to breast implants, silicone gel is utilized in facial reconstructive operations to fill wrinkles and scars. Other medical uses driving the expansion of silicone gel include its usage in catheters, tubes, wound dressings, and prostheses, where its elastic and lasting qualities are ideal; thus, the expanding medical industry is predicted to fuel market growth. For instance, according to data released by Invest India in 2020, the Indian Med-tech industry was anticipated to be worth $10.63 billion in 2020 and is expected to grow to $50 billion by 2025.
Silicone Gel Market- Key Insights
Our research analyst estimates that the global market will develop at a CAGR of approximately 7.80% from 2024-2032.
According to End-User segmentation, the Electronics category is expected to dominate the market in 2023
On the basis of region, North America is expected to have the highest market share in 2023
Silicone Gel Market- Segmentation Analysis:
The Global Silicone Gel Market is divided into three segments: End-User and region.
The market is segmented into eight segments according to End-User: Aerospace, Medical, Construction, Personal Care, Automotive, Cookware, Electronics, and Others. Electronics has the biggest market share due to the increased need for lightweight and flexible equipment. Due to its unequaled advantages, the electronics category accounts for 32% of the silicone gel industry. Silicone gel effectively protects fragile electronic components from shock, vibration, and temperature stress. It insulates circuits and wires while allowing heat to dissipate. Silicone gel's nonconductive and dielectric qualities make it ideal for potting and encapsulating applications in the electronics industry.
Silicone Gel Market- Geographical Insights
Geographically, this market is distributed over Asia Pacific, Europe, Latin America, Asia Pacific, North America, the Middle East, and Africa. These regions are further segmented according to the countries bringing commerce.
North America has dominated the worldwide silicone gel market. The majority of silicone gel producers and suppliers have their headquarters in nations such as the United States and Canada. This offers North America an advantage in terms of R&D capacity and innovation. The availability of a solid supply chain from raw materials to end-use industries, as well as easy access to innovative manufacturing technology, improves North America's position.
Asia Pacific has emerged as the fastest-growing market. In countries such as China, India, Indonesia, and Thailand, the middle class is quickly developing and has more purchasing power. Increasing consumer demand is driving a number of foreign corporations to establish production facilities in these expanding Asian economies. To encourage domestic production, Asian Pacific governments provide tax breaks and other beneficial economic measures.
Silicone Gel Market- Competitive Landscape:
The market for silicone gel is very competitive, with established players and young companies seeking a share through innovation and strategic partnerships. Leaders in the space are Dow Inc., Wacker Chemie AG, and Momentive Performance Materials, which dominated the market with vast ranges of products and diverse distribution channels. They emphasize research and development that will improve product performance as well as broaden application ranges across various fields like health care, electronics, and cosmetics. At the same time, regional players are finding a way to enter this market by targeting local demands with specific silicone gel products. Other competitive strategies utilized include mergers, acquisitions, and collaborations in the quest to strengthen the market as well as the needs of its consumers worldwide.
Recent Developments:
In November 2022, WACKER created SILPURAN 2124, a highly sticky silicone gel designed for medicinal purposes. This silicone gel is ideal for creating sticky layers for atraumatic wound dressings and attaching medical devices to the skin. SILPURAN 2124 has a strong adhesive force and is transparent, biocompatible, water-resistant, breathable, and gentle on the skin. It can be disinfected with ethylene oxide and leaves no residue on the skin after removal.
SCOPE OF THE REPORT
This report's scope includes the following important market segments:
GLOBAL SILICONE GEL MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
- Wacker Chemie AG
- Momentive Performance Materials Inc.
- Bluestar Silicones
- ACC Silicones Ltd.
- Gelest Inc.
- KCC Corporation
- Nusil Technology LLC
- DOW Corning Corporation
- Henkel AG & Co
- Ashirwad Chemicals
- Shin-Etsu Chemical Co., Ltd.
- Akshar International
- Royal Packaging Industries
- Swambe Chemicals
- Otto Chemie Pvt Ltd
- Sorbead India
- Aquablue mfg
- Elkkem
- Others
GLOBAL SILICONE GEL MARKET, BY END-USER- MARKET ANALYSIS, 2019 - 2032
- Aerospace
- Medical
- Construction
- Personal Care
- Automotive
- Cookware
- Electronics
- Others
GLOBAL SILICONE GEL MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA
Table of Contents
1. Silicone Gel Market Overview
- 1.1. Study Scope
- 1.2. Market Estimation Years
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Silicone Gel Market Snippet by End-User
- 2.1.2. Silicone Gel Market Snippet by Country
- 2.1.3. Silicone Gel Market Snippet by Region
- 2.2. Competitive Insights
3. Silicone Gel Key Market Trends
- 3.1. Silicone Gel Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Silicone Gel Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Silicone Gel Market Opportunities
- 3.4. Silicone Gel Market Future Trends
4. Silicone Gel Industry Study
- 4.1. PEST Analysis
- 4.2. Porter's Five Forces Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Silicone Gel Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Silicone Gel Market Landscape
- 6.1. Silicone Gel Market Share Analysis, 2023
- 6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis
7. Silicone Gel Market - By End-User
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By End-User, 2023 & 2032 (%)
- 7.1.2. Aerospace
- 7.1.3. Medical
- 7.1.4. Construction
- 7.1.5. Personal Care
- 7.1.6. Automotive
- 7.1.7. Cookware
- 7.1.8. Electronics
- 7.1.9. Others
8. Silicone Gel Market- By Geography
- 8.1. Introduction
- 8.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
- 8.2. North America
- 8.2.1. Overview
- 8.2.2. Silicone Gel Key Manufacturers in North America
- 8.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 8.2.4. North America Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.2.5. U.S.
- 8.2.5.1. Overview
- 8.2.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.2.5.3. U.S. Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.2.6. Canada
- 8.2.6.1. Overview
- 8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.2.6.3. Canada Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.3. Europe
- 8.3.1. Overview
- 8.3.2. Silicone Gel Key Manufacturers in Europe
- 8.3.3. Europe Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 8.3.4. Europe Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.3.5. Germany
- 8.3.5.1. Overview
- 8.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.3.5.3. Germany Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.3.6. Italy
- 8.3.6.1. Overview
- 8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.3.6.3. Italy Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.3.7. United Kingdom
- 8.3.7.1. Overview
- 8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.3.7.3. United Kingdom Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.3.8. France
- 8.3.8.1. Overview
- 8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.3.8.3. France Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.3.9. Russia
- 8.3.9.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.3.9.2. Russia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.3.10. Netherlands
- 8.3.10.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.3.10.2. Netherlands Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.3.11. Sweden
- 8.3.11.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.3.11.2. Sweden Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.3.12. Poland
- 8.3.12.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.3.12.2. Poland Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.3.13. Rest of Europe
- 8.3.13.1. Overview
- 8.3.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.3.13.3. Rest of the Europe Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.4. Asia Pacific (APAC)
- 8.4.1. Overview
- 8.4.2. Silicone Gel Key Manufacturers in Asia Pacific
- 8.4.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 8.4.4. Asia Pacific Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.4.5. India
- 8.4.5.1. Overview
- 8.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.4.5.3. India Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.4.6. China
- 8.4.6.1. Overview
- 8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.4.6.3. China Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.4.7. Japan
- 8.4.7.1. Overview
- 8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.4.7.3. Japan Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.4.8. South Korea
- 8.4.8.1. Overview
- 8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.4.8.3. South Korea Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.4.9. Australia
- 8.4.9.1. Overview
- 8.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.4.9.3. Australia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.4.10. Thailand
- 8.4.10.1. Overview
- 8.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.4.10.3. Thailand Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.4.11. Indonesia
- 8.4.11.1. Overview
- 8.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.4.11.3. Indonesia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.4.12. Philippines
- 8.4.12.1. Overview
- 8.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.4.12.3. Philippines Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.4.13. Rest of APAC
- 8.4.13.1. Overview
- 8.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.4.13.3. Rest of APAC Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.5. Latin America
- 8.5.1. Overview
- 8.5.2. Silicone Gel Key Manufacturers in Latin America
- 8.5.3. Latin America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 8.5.4. Latin America Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.5.5. Brazil
- 8.5.5.1. Overview
- 8.5.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.5.5.3. Brazil Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.5.6. Mexico
- 8.5.6.1. Overview
- 8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.5.6.3. Mexico Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.5.7. Argentina
- 8.5.7.1. Overview
- 8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.5.7.3. Argentina Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.5.8. Colombia
- 8.5.8.1. Overview
- 8.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.5.8.3. Colombia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.5.9. Rest of LATAM
- 8.5.9.1. Overview
- 8.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.5.9.3. Rest of LATAM Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.6. Middle East and Africa
- 8.6.1. Overview
- 8.6.2. Silicone Gel Key Manufacturers in Middle East and Africa
- 8.6.3. Middle East and Africa Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 8.6.4. Middle East and Africa Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.6.5. Saudi Arabia
- 8.6.5.1. Overview
- 8.6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.6.5.3. Saudi Arabia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.6.6. United Arab Emirates
- 8.6.6.1. Overview
- 8.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.6.6.3. United Arab Emirates Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.6.7. Israel
- 8.6.7.1. Overview
- 8.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.6.7.3. Israel Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.6.8. Turkey
- 8.6.8.1. Overview
- 8.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.6.8.3. Turkey Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.6.9. Algeria
- 8.6.9.1. Overview
- 8.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.6.9.3. Algeria Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.6.10. Egypt
- 8.6.10.1. Overview
- 8.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.6.10.3. Egypt Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 8.6.11. Rest of MEA
- 8.6.11.1. Overview
- 8.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 8.6.11.3. Rest of MEA Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
9. Key Vendor Analysis- Silicone Gel Industry
- 9.1. Competitive Dashboard
- 9.2. Company Profiles
- 9.2.1. Wacker Chemie AG
- 9.2.2. Momentive Performance Materials Inc.
- 9.2.3. Bluestar Silicones
- 9.2.4. ACC Silicones Ltd.
- 9.2.5. Gelest Inc.
- 9.2.6. KCC Corporation
- 9.2.7. Nusil Technology LLC
- 9.2.8. DOW Corning Corporation
- 9.2.9. Henkel AG & Co
- 9.2.10. Ashirwad Chemicals
- 9.2.11. Shin-Etsu Chemical Co., Ltd.
- 9.2.12. Akshar international
- 9.2.13. Royal Packaging industries
- 9.2.14. Swambe Chemicals
- 9.2.15. Otto Chemie Pvt Ltd
- 9.2.16. Sorbead India
- 9.2.17. Aquablue mfg
- 9.2.18. Elkkem
- 9.2.19. Others
10. 360 Degree Analyst View
11. Appendix
- 11.1. Research Methodology
- 11.2. References
- 11.3. Abbreviations
- 11.4. Disclaimer
- 11.5. Contact Us