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Silicone Gel Market Worth 1.96 Billion USD by 2026


News provided by

MarketsandMarkets

09 Jan, 2017, 11:30 GMT

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PUNE, India, January 9, 2017 /PRNewswire/ --

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.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 88 market data Tables and 37 Figures spread through 126 Pages and in-depth TOC on "Silicone Gel Market"

http://www.marketsandmarkets.com/Market-Reports/silicone-gel-market-256896802.html
Early buyers will receive 10% customization on this report.

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.

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.

Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=256896802

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.

Browse related Reports: 

Medical Grade Silicone Market by Product Form (Gels, Adhesives, Medical Coatings & Fluids, Silicone Elastomers), Application (Prosthetics & Orthopedic, Medical Tapes, Medical Electronics & Devices, Medical Tubes, Catheters) and by Region - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/medical-grade-silicone-market-36328567.html

Silicone Market by Type (Elastomers, Fluids, Resins, Gels & Other Products) by Application (Building & Construction, Chemical Industry, Medical & Personal Care, Automotive & Transportation, Plastics, Electrical & Electronics, Textile, Paper, Others) & by Region - Global Trends & Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/silicone-market-709.html

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

M&M's flagship competitive intelligence and market research platform, "RT" 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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