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Silicone Gel Market: Global Forecast until 2026

  • January 2017
  • 128 pages
  • ID: 4608256
In this report:
According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), Germany produced ##.## million vehicles in 2014, an increase of ##.##% in comparison to 2013.
However, the demand for silicone gel in these regions is projected to register CAGRs of ##.##% and ##.##%, respectively, in terms of value, between 2016 and 2021.
Electrical & electronics is the largest end-use industry of silicone gel and accounted for a share of ##.##%, in terms of volume, in 2015.

Summary

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"Increase of electrical & electronics industry and growing demand of silicone gel in different applications from other end-use markets are the factors fueling the silicone gel market, globally"

The industry for silicone gel is expected to grow at a compound annual growth rate (CAGR) 6.90 percent, in terms of value importance, from 2016 to 2026. It is forecasted to reach ~$2.0B by 2026. The silicone gel market is increasing as its demand is rising in several applications including adhesion, encapsulation, potting agent, and implant in electrical & electronics, medical & pharmaceutical, and cosmetics & personal care sectors. Furthermore, the increase of new applications including comfort pads, protective skin coverings, and sealing applications in the medical, footwear, aerospace & defense, and agriculture markets is the main factor for the increasing demand for silicone gels. High manufacturing cost is restricting the increase of the market. Fluctuation in raw material price is a main challenge for the silicone gel market.

"Electrical & Electronics: The biggest and quickest-rising end-use market of the silicone gel market"

The growing applications of silicone gel and its top properties, including hydrophobicity, high dielectric breakdown, and resistance to high and low temperatures enable it to be highly demanded in the electrical & electronics industry. The rise of electrical & electronics industry globally is also the main reason for the increasing consumption of silicone gel in this market. Silicone gel is also used in different applications of protective coating, encapsulation, and potting agent for sub-industries including automotive electronics, LED lighting, HV insulation, and PV.

"Asia-Pac: The quickest developing market for silicone gels"

There is a rise in the industry demand for silicone gel applications, especially in the emerging sectors of Asia-Pacific. In Asia Pacific (APAC), India (IN) and China (CN) are gradually improving their standard of living, healthcare facilities, and infrastructure, which leads to the increasing demand for silicone gel in this area. Additionally, Elements such as high demand from end-use sectors, competitive manufacturing costs, and high economic increase rate are also driving the silicone gel market in the territory. These factors are attracting firms to take investment and expansion strategies in this zone. Market actors are focusing on this area for a higher market share and to rise their profitability.

The info in this analysis has been approved through primary Q&A managed with different market experts across the world. Those primary sources have been sliced into three class: by company category, by description, and by area.

- By Company Type: Tier 1 - 20.0 percent, Tier 2 - 32.0 percent, and 1/3 3 - 48.0 percent

- By Designation: C Level - 18.0 percent, D Level - 27.0 percent, and Others - 55.0 percent

- By area: Asia-Pacific - 41.0 percent, North america (NA) - 23.0 percent, Europe - 18.0 percent, South America - 12.0 percent, and Middle East & Africa - 6.0 percent

Segment Research

The industry report offers in-depth description of the end-use markets and applications combined with silicone gels. It offers qualitative and quantitative description about the end-use sectors of silicone gels. Moreover, the study also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Why Purchasing This Study Can Help You:

The analysis will facilitate industry top players/new sector entrants in this sector by providing them the closest approximations of the revenue for the global silicone gel market and the sub-segments. This industry report will facilitate partners to better find out the competitive landscape and obtain additional insights to better option their businesses and industry strategies. The market research will also assist the partners to comprehend the pulse of the sector and offer them information on main market drivers, market restraints, opportunities, and alternatives.

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