Research and Markets has announced the addition of the "Silicone Gel Market - Global Forecast to 2026" report to their offering.

The market for silicone gel is projected to grow at a CAGR 6.9%, in terms of value, from 2016 to 2026. It is expected to reach USD 1.96 billion by 2026.

The silicone gel market is growing as its demand is increasing in various applications such as adhesion, encapsulation, potting agent, and implant in electrical & electronics, medical & pharmaceutical, and cosmetics & personal care industries. Moreover, the rise of new applications such as comfort pads, protective skin coverings, and sealing applications in the medical, footwear, aerospace & defense, and agriculture industries is the major factor for the growing demand for silicone gels. High manufacturing cost is restricting the growth of the market. Fluctuation in raw material price is a major challenge for the silicone gel market.

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

There is an increase in the demand for silicone gel applications, especially in the emerging markets of Asia-Pacific. In Asia-Pacific, India and China are gradually improving their standard of living, healthcare facilities, and infrastructure, which leads to the growing demand for silicone gel in this region.

Companies Mentioned:

  • ACC Silicones Ltd.
  • Applied Silicone Corporation
  • Bluestar Silicones (Elkem Group)
  • DOW Corning Corporation
  • Gelest Inc.
  • Henkel AG & Co.
  • KCC Corporation
  • Momentive Performance Materials Inc.
  • North Cost Medical Inc.
  • Novaguard Solutions
  • Nusil Technology LLC.
  • Shin-Etsu Chemical Co., Ltd.
  • Silicone Solutions
  • Siltech Corporation
  • Wacker Chemie AG

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Silicone Gel Market, By End-Use Industry

8 Silicone Gel Market, By Region

9 Competitive Landscape

10 Company Profiles

11 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/m2qzbq/silicone_gel