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New report examines the silicon gel market : industry to witness a rise by year 2023

Materials & Chemicals Research

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.

Drivers:

             Increasing aging population across the globe

             People becoming health conscious

Restraints:

             Rising production cost

Opportunities:

             Developments in the medical industry pertaining to new product launches

Challenges:

             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

End-use industries

Regulatory bodies, policy actors, and consumers.

By Final Use Industry

Medical and Healthcare Industry

Electrical & Electronic Industry

Cosmetics & Personal Care

Others

By Region

North America

Europe

Asia-Pacific

ROW

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.)

Read Report Overview with Full TOC @ genesismarketinsights.com/viewrepo…ilicon-Gel-Market

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Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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