Product Code: MCP14743
What`s New for 2023?
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Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Global Silicone Gel Market to Reach $2.5 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Silicone Gel estimated at US$1.6 Billion in the year 2022, is projected to reach a revised size of US$2.5 Billion by 2030, growing at aCAGR of 5.5% over the period 2022-2030. Electrical & Electronics, one of the segments analyzed in the report, is projected to record 6.6% CAGR and reach US$1.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Medical & Pharmaceuticals segment is readjusted to a revised 5.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $480.4 Million, While China is Forecast to Grow at 4.9% CAGR
The Silicone Gel market in the U.S. is estimated at US$480.4 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$427.4 Million by the year 2030 trailing a CAGR of 4.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 4.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.
Select Competitors (Total 44 Featured) -
- ACC Silicones Ltd.
- Applied Silicone Corporation
- Dow, Inc.
- DuPont de Nemours, Inc.
- Elkem Silicones
- Gelest, Inc.
- Henkel AG & Co. KGaA
- KCC Corporation
- Momentive Performance Materials, Inc.
- North Coast Medical Inc.
- Novagard Solutions
- NuSil Technology LLC
- Shin-Etsu Chemical Co., Ltd.
- Silicone Solutions
- Siltech Corporation
- Wacker Chemie AG
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Silicone Gel - Global Key Competitors Percentage Market Share in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Recent Past, Current & Future Analysis for Silicone Gel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
- TABLE 2: World Historic Review for Silicone Gel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
- TABLE 3: World 16-Year Perspective for Silicone Gel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2023 & 2030
- TABLE 4: World Recent Past, Current & Future Analysis for Electrical & Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
- TABLE 5: World Historic Review for Electrical & Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
- TABLE 6: World 16-Year Perspective for Electrical & Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
- TABLE 7: World Recent Past, Current & Future Analysis for Medical & Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
- TABLE 8: World Historic Review for Medical & Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
- TABLE 9: World 16-Year Perspective for Medical & Pharmaceuticals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
- TABLE 10: World Recent Past, Current & Future Analysis for Cosmetics & Personal Care by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
- TABLE 11: World Historic Review for Cosmetics & Personal Care by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
- TABLE 12: World 16-Year Perspective for Cosmetics & Personal Care by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
- TABLE 13: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
- TABLE 14: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
- TABLE 15: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
- TABLE 16: World Silicone Gel Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
III. MARKET ANALYSIS
- UNITED STATES
- Silicone Gel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
- TABLE 17: USA Recent Past, Current & Future Analysis for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- TABLE 18: USA Historic Review for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
- TABLE 19: USA 16-Year Perspective for Silicone Gel by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses for the Years 2014, 2023 & 2030
- CANADA
- TABLE 20: Canada Recent Past, Current & Future Analysis for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- TABLE 21: Canada Historic Review for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
- TABLE 22: Canada 16-Year Perspective for Silicone Gel by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses for the Years 2014, 2023 & 2030
- JAPAN
- Silicone Gel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
- TABLE 23: Japan Recent Past, Current & Future Analysis for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- TABLE 24: Japan Historic Review for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
- TABLE 25: Japan 16-Year Perspective for Silicone Gel by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses for the Years 2014, 2023 & 2030
- CHINA
- Silicone Gel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
- TABLE 26: China Recent Past, Current & Future Analysis for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- TABLE 27: China Historic Review for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
- TABLE 28: China 16-Year Perspective for Silicone Gel by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses for the Years 2014, 2023 & 2030
- EUROPE
- Silicone Gel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
- TABLE 29: Europe Recent Past, Current & Future Analysis for Silicone Gel by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
- TABLE 30: Europe Historic Review for Silicone Gel by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
- TABLE 31: Europe 16-Year Perspective for Silicone Gel by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2023 & 2030
- TABLE 32: Europe Recent Past, Current & Future Analysis for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- TABLE 33: Europe Historic Review for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
- TABLE 34: Europe 16-Year Perspective for Silicone Gel by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses for the Years 2014, 2023 & 2030
- FRANCE
- Silicone Gel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
- TABLE 35: France Recent Past, Current & Future Analysis for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- TABLE 36: France Historic Review for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
- TABLE 37: France 16-Year Perspective for Silicone Gel by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses for the Years 2014, 2023 & 2030
- GERMANY
- Silicone Gel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
- TABLE 38: Germany Recent Past, Current & Future Analysis for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- TABLE 39: Germany Historic Review for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
- TABLE 40: Germany 16-Year Perspective for Silicone Gel by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses for the Years 2014, 2023 & 2030
- ITALY
- TABLE 41: Italy Recent Past, Current & Future Analysis for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- TABLE 42: Italy Historic Review for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
- TABLE 43: Italy 16-Year Perspective for Silicone Gel by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses for the Years 2014, 2023 & 2030
- UNITED KINGDOM
- Silicone Gel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
- TABLE 44: UK Recent Past, Current & Future Analysis for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- TABLE 45: UK Historic Review for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
- TABLE 46: UK 16-Year Perspective for Silicone Gel by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses for the Years 2014, 2023 & 2030
- REST OF EUROPE
- TABLE 47: Rest of Europe Recent Past, Current & Future Analysis for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- TABLE 48: Rest of Europe Historic Review for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
- TABLE 49: Rest of Europe 16-Year Perspective for Silicone Gel by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses for the Years 2014, 2023 & 2030
- ASIA-PACIFIC
- Silicone Gel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
- TABLE 50: Asia-Pacific Recent Past, Current & Future Analysis for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- TABLE 51: Asia-Pacific Historic Review for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
- TABLE 52: Asia-Pacific 16-Year Perspective for Silicone Gel by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses for the Years 2014, 2023 & 2030
- REST OF WORLD
- TABLE 53: Rest of World Recent Past, Current & Future Analysis for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- TABLE 54: Rest of World Historic Review for Silicone Gel by End-Use - Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
- TABLE 55: Rest of World 16-Year Perspective for Silicone Gel by End-Use - Percentage Breakdown of Value Sales for Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and Other End-Uses for the Years 2014, 2023 & 2030
IV. COMPETITION