The Global Silicone Gel Market to Grow at the Highest Pace Owing To Increasing Demand from Electronics Industry
Silicone gel is a soft, very low-viscosity, pressure-sensitive adhesive made of polydimethylsiloxane cross-linked polymer and is widely used as sealants, lubricants, medical devices and healthcare products. Silicone gel provides protection from water, chemicals, dust, vibration, thermal shock and extremely high or low temperatures. The increasing demand for silicone gel from electronics industry for manufacturing of smartphones, tablets and other consumer electronics is driving the market growth. Silicone gel is increasingly being used in manufacturing of semiconductors owing to its excellent insulating and protective properties. Medical sector is another major end-use industry for silicone gel where it is utilized to manufacture products such as breast implants, wound care dressings and prosthetics.
The Global Silicone Gel Market is estimated to be valued at US$ 18.88 Bn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Global Silicone Gel Market Size are DOW Corning Corporation, Shin-Etsu Chemical Co., Ltd., Wacker Chemie AG, Momentive Performance Materials Inc., Bluestar Silicones, ACC Silicones Ltd., Gelest Inc., KCC Corporation, Nusil Technology LLC., Henkel AG & Co.
The growing application of silicone gel in smartphones, tablets and other consumer electronics is propelling the market growth. Around 50% of total silicone gel produced is consumed by electronics sector.
Technological advancements have improved the formulations of silicone gel to provide better transparency, flexibility and adhesion strength. New silicone gel products are being developed with enhanced protective properties against dust, heat and moisture for automotive and industrial applications.
Europe holds the largest share of global silicone gel market in terms of value. Being one of the largest medical devices and personal care manufacturing hubs, consistent silicone gel demand from Europe sustains its market supremacy. Moreover, presence of prominent silicone gel producers like Wacker Chemie AG and Bluestar Silicones reinforces the market concentration in the region. Asia Pacific exhibits the fastest growth and is projected to take over Europe's leading position by 2025. Accelerating industrialization, rising per capita incomes, and expanding healthcare infrastructures boost the silicone gel adoption in Asia Pacific countries like China, India, Japan, and South Korea. Additionally, strategic investments by international players to establish manufacturing facilities in Asia drive the regional market growth.
While COVID-19 posed short-term challenges, the resilient nature of end-use sectors ensures continued demand for silicone gels going forward. Producers should focus on pandemic-proof supply networks, optimal inventory management, and emphasizing applications related to healthcare, automobiles, and infrastructure to sustain market momentum in the post-COVID phase. Adopting advanced production technologies can further help manufacturers enhance efficiencies and tap emerging opportunities.
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