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It is the most comprehensive report available on this market and will help users gain a global outlook as it covers 360degree Silicone Gel Market shares, detailed analysis of growth rate among various segments including demand -supply scenario, etc. The regional and country segmentations give in-depth analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth and highlights important trends and strategies that players in the market can adopt.

Impact of COVID-19 on Silicone Gel Market

With COVID-19, the world is battling a health pandemic as well as an economic pandemic, virtually affecting trillions of dollars of incomes. Stratview Research brings to you high level insights and in-depth details related to rapid modifications in top companies in each sector, growth and decline due to COVID-19, etc. The analysts at Stratview Research are constantly engaging with their clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.

Key players

Some of the major players operating in the global Silicone Gel market are-

DOW Corning Corporation

Shin-Etsu Chemical Co., Ltd.

Wacker Chemie AG

Momentive Performance Materials Inc.

Bluestar Silicones (Elkem Group)

ACC Silicones Ltd.

Gelest Inc.

KCC Corporation

Nusil Technology LLC.

Henkel AG Co.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Silicone Gel Market value and growth drivers over the trend period of 2022-27. According to the report -

Silicone gel market is likely to witness an impressive CAGR of 8.2% during the forecast period. Rapid growth of the electrical electronics sector and rise in demand for silicone gel for innovative applications, such as protective skin coverings, comfort pads, sealing applications in medical industry, aerospace defense, footwear, agriculture, and pharmaceutical sectors are the prime factors fueling the growth of the global silicone gel market.

Segment Analysis:

Based on End-Use Industry Type:

Based on the end-use industry type, the market is segmented as electrical electronics, medical pharmaceuticals, cosmetics personal care, and others. The electrical electronics segment is estimated to dominate the market, in terms value and volume, in the coming five years. The growth is owing to the superior characteristics of silicone gels, such as hydrophobicity, elevated dielectric breakdown, confrontation to high and low temperatures, which qualify these gels to be employed in extreme and severe circumstances in the electrical electronics sector.

Based on Region:

In terms of regions, Asia-Pacific is the largest and fastest-growing region of the silicone gel market. The demand for silicone gel is owing to the development of end-use industries, viable manufacturing costs, and high fiscal growth rate in the region. Further, the increasing use in the photovoltaic sector blended with the claim for small, low-cost and cutting-edge electronic components in the foremost Asia-Pacific countries, such as China, India, Japan, and South Korea is bolstering the demand for silicone gel in this region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Critical Questions Answered in the Report

• What are the key trends in the global Silicone Gel market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on global Silicone Gel market?
• What are the key strategies adopted by the major vendors to lead in the global Silicone Gel market?
• What is the market share of the top vendors?

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