Latest Report Silicon Gel Market Published by Genesis Market Insight. This Silicon Gel Market report can be considered increasing the market growth factors. Reports in detail analysis fulfill the client requirements and can provide end to end industry information. The Silicon Gel Market report is best to make the business stronger and beneficial for future references. This Report includes Product Analysis, Regional Analysis, Global Scope, Key Findings and others.
GLOBAL SILICONE GEL MARKET was valued at USD 1.26 Billion in the year 2017. Global Silicone Gel Market is further estimated to grow at a CAGR of 6.72% from 2018 to reach USD 1.87 Billion by the year 2023.
Asia-Pacific region holds the highest market share in 2017 and it is also considered as the fastest growing market in the forecast period. At a country level, developed markets like China holds a notable market share in 2017 and it is also projected to grow at a gradual pace in the coming years.
Shin-Etsu Chemical Co., Ltd. (Japan), Wacker Chemie AG (Germany), Nusil Technology LLC (U.S.), Dow Corning Corporation (U.S.), KCC Corporation (South Korea), Momentive Performance Materials Inc. (U.S.) are some of the key players in the Silicone Gel market with Dow Corning Corporation holding considerable market share because of its better global presence both at production and at an operational level.
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Rising research and development expenses to address the changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.
Increasing aging population across the globe
People becoming health conscious
Rising production cost
Developments in the medical industry pertaining to new product launches
Country/ Region specific government regulations
Segmentation on the basis of final use industry is Medical and Healthcare Industry, Electrical & Electronic Industry, Cosmetics & Personal Care of which the Electrical & Electronic Industry segment is expected to hold the highest market share during the forecast period.
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Medical and Healthcare Industry segment for this market is also expected to grow at the highest CAGR of during the year 2018-2023.
Key Benefits for Stakeholders
Silicone Gel Manufacturers, Distributors, and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
By Final Use Industry
Medical and Healthcare Industry
Electrical & Electronic Industry
Cosmetics & Personal Care
Key Market Players
Shin-Etsu Chemical Co., Ltd. (Japan)
Wacker Chemie AG (Germany)
Nusil Technology LLC (U.S.)
Dow Corning Corporation (U.S.)
KCC Corporation (South Korea)
Momentive Performance Materials Inc. (U.S.)
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