Global Silicone Gel market will reach 3870 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2018/11/28

Global Silicone Gel Market Research Report 2018 the Silicone Gel market, Silicone Gel are mainly used in encapsulation of electronic components for the automotive and power electronics industries and medical.

In global market, the consumption of Silicone Gel increases from 62076 MT in 2013 to 84659 MT in 2016, at a CAGR of 8.93% from 2017 to 2024. In 2016, the global Silicone Gel market is led by United States, capturing about 30.11% of global Silicone Gel consumption. Europe is the second-largest region-wise market with 25.34% global production share.

At present, the major manufacturers of Silicone Gel are Dow Corning, Shin-Etsu Chemical, Wacker, Momentive Performance Materials, Bluestar Silicones (Elkem Group), ACC Silicones, Gelest, KCC Corporation, etc. . Dow Corning is the world leader, holding 14.72% production market share in 2017.

In application, Silicone Gel downstream is wide and recently Silicone Gel has acquired increasing significance in various fields of Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care and others. The Silicone Gel market is mainly driven by growing demand for Electrical & Electronics which accounts for nearly 67.15% of total downstream consumption of Silicone Gel in global.

The global Silicone Gel market is valued at 1490 million US$ in 2017 and will reach 3870 million US$ by the end of 2025, growing at a CAGR of 12.7% during 2018-2025.

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