Silicone Gel Market Worth 1.96 Billion USD by 2026
[126 Pages] Silicone Gel Market research report categorizes the global market by End-use Industry (Cosmetics & Personal Care, Electrical & Electronics, Medical & Pharmaceuticals), Region.
(EMAILWIRE.COM, January 28, 2019 ) The report "Silicone Gel Market by End-use Industry (Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care), and Region (North America, Asia-Pacific, Europe, Middle East & Africa, and South America) - Global Forecast to 2026", published by MarketsandMarkets, the global market is projected to reach USD 1.96 Billion by 2026, at a CAGR of 6.9% during the forecast period of 2016 to 2026.
Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=256896802
The high growth of electrical & electronics industry globally and the increasing demand of silicone gel for various new applications from the end-use industries is driving the market and is resulting in increasing number of new product launches and expansions.
Electrical & Electronics: The largest end-use industry segment of the silicone gel market
Electrical & electronics accounted for the largest market share in terms of volume of the overall silicone gel market in 2015. Silicone gel finds applications in protective coating, encapsulation, and potting agent for sub-industries such as automotive electronics, LED lighting, HV insulation, and PV. In addition, there is a high demand for silicone gel in applications such as highly sensitive circuits, semiconductor, and other electronic components and assemblies due to its stability in low and high temperatures. Moreover, the growing trend of miniaturization in the electronics industry has propelled the demand for silicone gels as it provides adequate protection at component interfaces which is a critical requirement in higher power electronics.
Don't miss out on business opportunities in Silicone Gel Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=256896802
Browse in-depth TOC on "Silicone Gel Market"
88 - Market Data Tables
37 - Figures
126 - Pages
Asia-Pacific: The largest regional market for silicone gel
APAC accounted for the largest share, in terms of volume, of the global silicone gel market in 2015. This regional market is expected to be driven by new product development and product innovation initiatives taken by manufacturers. China dominated the Silicone Gel Market in Asia-Pacific and expected to witness the highest CAGR between 2016 and 2026 in terms of both value and volume. This growth is primarily attributed to the increasing trend of advanced implants & prosthetics in the medical industry, coupled with high growth of the electrical & electronics industry.
Major silicone gel players such as Shin-Etsu Chemical Co. ltd (Japan) and KCC Corporation (South Korea) are the APAC-based companies supplying products across the globe.
Some of the major players in the global silicone gel market are Dow Corning Corporation (U.S.), Shin-Etsu Chemical Co. ltd (Japan), Wacker Chemie AG (Germany), Momentive Performance Materials Inc. (U.S.), Bluestar Silicones (France), KCC Corporation (South Korea), and Nusil Technology LLC (U.S.). Major players in this market are focusing on organic growth strategies for a greater market share in emerging economies such as APAC and South America.
Request for free customization of report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=256896802
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Media Contact
- Mr. Shelly Singh
- sales@marketsandmarkets.com