Product Code: CMI6795
The silicone gel market is estimated to be valued at USD 18.88 Bn in 2024 and is expected to reach USD 31.15 Bn by 2031, growing at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 18.88 Bn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
7.40% |
2031 Value Projection: |
US$ 31.15 Bn |
Figure 1.Global Silicone Gel Market Share (%), By Region, 2024
Silicone gel is a soft, pliable substance created from polydimethylsiloxane. Used in a wide variety of medical and industrial applications. Silicone gel is appreciated for its flexibility, durability, and biocompatibility. In the medical industry, it is commonly used in breast implants and other reconstructive procedures due to its soft texture that mimics natural tissue. Silicone gel allows implants to retain their shape while feeling natural to the touch. Its stability also means implants last longer without hardening, rupturing or losing shape over time. As the global population ages and focus grows on aesthetic procedures, the silicone gel market is expanding to meet rising demand for breast and other reconstructive surgeries.
Market Dynamics:
The main drivers fueling growth in the silicone gel market are the growing number of cosmetic surgeries worldwide coupled with an expansion of medical applications for the material. Rising incomes in developing nations have increased discretionary spending on procedures like breast augmentations. Furthermore, silicone gel implants are lasting longer as formulations improve, reducing long-term costs of replacement over time. However, concerns around implant safety present a challenge, as rare cases of breast implant illness have been reported. Meanwhile, opportunities lie in developing new applications beyond implants leveraging silicone gel's flexible and stable properties.
Key Features of the Study:
- This report provides an in-depth analysis of the global silicone gel market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global silicone gel market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include DOW Corning Corporation , Shin-Etsu Chemical Co., Ltd., Wacker Chemie AG , Momentive Performance Materials Inc., Bluestar Silicones , ACC Silicones Ltd., Gelest Inc., KCC Corporation, Nusil Technology LLC., Henkel AG & Co, Ashirwad Chemicals, Akshar international, Royal Packaging industries, Swambe Chemicals, Otto Chemie Pvt Ltd, Sorbead India, Aquablue mfg, Elkkem
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global silicone gel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Market Segmentation
- By End-User:
- Automotive
- Aerospace
- Medical
- Personal Care
- Construction
- Cookware
- Electronics
- Others
- By Regional:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- DOW Corning Corporation
- Shin-Etsu Chemical Co., Ltd.
- Wacker Chemie AG
- Momentive Performance Materials Inc.
- Bluestar Silicones
- ACC Silicones Ltd.
- Gelest Inc.
- KCC Corporation
- Nusil Technology LLC.
- Henkel AG & Co
- Ashirwad Chemicals
- Akshar international
- Royal Packaging industries
- Swambe Chemicals
- Otto Chemie Pvt Ltd
- Sorbead India
- Aquablue mfg
- Elkkem
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
4. Global Silicone Gel Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Silicone Gel Market - COVID-19
- Impact Analysis
5. Global Silicone Gel Market, By End User, 2019-2031 (US$ Bn)
- Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Aerospace
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Medical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Personal Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Cookware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Electronics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
6. Global Silicone Gel Market, By Region, 2019-2031 (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
- Market Size and Forecast, By End User, 2019- 2031 (US$ Bn)
- Countries
- U.S.
- Canada
- Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
- Market Size and Forecast, By End User, 2019- 2031 (US$ Bn)
- Countries
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
- Market Size and Forecast, By End User, 2019- 2031 (US$ Bn)
- Countries
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
- Market Size and Forecast, By End User, 2019- 2031 (US$ Bn)
- Countries
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Market Share Analysis, By Region/Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, By Region/Country, 2019 - 2031
- Market Size and Forecast, By End User, 2019- 2031 (US$ Bn)
- Sub-Regions/Countries
- GCC Countries
- Israel
- Rest of Middle East & Africa
7. Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Shin-Etsu Chemical Co., Ltd.
- Wacker Chemie AG
- Momentive Performance Materials Inc.
- Bluestar Silicones
- ACC Silicones Ltd.
- Gelest Inc.
- KCC Corporation
- Nusil Technology LLC.
- Henkel AG & Co
- Ashirwad Chemicals
- Akshar international
- Royal Packaging industries
- Swambe Chemicals
- Otto Chemie Pvt Ltd
- Sorbead India
- Aquablue mfg
- Elkkem
8. Analyst Recommendation
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
9. Section
- References
- Research Methodology
- About Us and Sales Contact
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