Silicone Gel Market

Silicone Gel Market Size-(2023-2028)

The silicone gel market is predicted to reach USD 1.63 billion by 2028 with a CAGR of 6.5% from 2023-2028 

Silicone gels are made of reactive silicone polymers and reactive silicone crosslinkers. These gels are highly employed in the electrical and electronics business for different uses in automotive electronics and LED lighting. Additionally, these gels are also in high call for medical applications ranging from very soft gels for prosthetic and implant applications to highly tacky gels for topical and transdermal wound care applications. The packaging industry is developing rapidly, as almost all small and large companies focus primarily on their logistics. In addition, certain sectors such as the food, pharmaceutical, and electronic industry, etc., place more emphasis on the safety of their products. To protect their products from moisture, they use silicone gel as a desiccant. Furthermore, in addition to pharmaceutical and food products, the electronics industry can also be seen as an emerging market for silicone gel. The number of electronics companies is escalating rapidly in countries such as China, Japan, India, etc., and as a result, the call for silicone gel to be employed to package electronic devices is escalating, thus contributing to the expansion of silicone gel. worldwide. market.

Silicone Gel Market Trends:

The strong expansion of the electrical and electronics industry and the escalating call for silicone gel for new applications such as comfort cushions, protective skin coatings, and sealing applications in the pharmaceutical and medical industries, footwear, aerospace, and defense industry, and agriculture are the main reasons driving the expansion of the worldwide silicone gel market.

Silicone Gel Market Drivers:

Water is a fundamental need for human existence and industrial development. Escalating populations and expanding industries increase the call for water, which in turn increases the need for membranes in water and wastewater treatment applications. Additionally, growing concerns about wastewater discharge and drinking water quality are also driving the market for membrane separation technology worldwide. The growing call from the medical industry is a key opportunity for companies in this market. Biotech expansion is predicted to increase call for silicone gel during the foreseen period. In the pharmaceutical industry, silicone gel column chromatography is useful for collecting or separating different components of a drug. This technique is also employed to investigate various drugs such as local anesthetics, sedatives, hypnotics, pain relievers, and steroids. Escalatingcall for drugs, especially in emerging economies such as India and China, is predicted to drive the call for biopharmaceuticals, which in turn will drive the expansion of the chromatographic silicone gel market in the market. during the foreseen period. As the number of homes increases due to urbanization, so does the awareness of keeping homes with fresh and clean air. Furthermore, taxis, cars, etc., also need to be regularly maintained, cleaned, and renovated to provide a comfortable and cool environment for people who choose to use them for travel. The popularity of scented silicone gel is escalating as it creates a suitable and comfortable environment and thus also improves work efficiency.

Silicone Gel Market Restraints:

The availability of substitutes such as activated alumina, activated clay, activated carbon, and molecular sieves is holding back the expansion of the silicone gel market.

Opportunities in the Silicone Gel Market:

The shortage of pure water has provided opportunities for the use of membranes in the purification of brackish water. High purity standards and strict regulations for drinking water and industrial wastewater discharges are leading to an increase in water and wastewater treatment activities using RO, UF, and MF membranes on a large scale. In the United States, the law requires that citizens receive clean and abundant water. The EU bathing water standards policy includes rules to protect public health with clean bathing water, etc. All of these policies aim to increase water and wastewater treatment processes around the world. This is driving the expansion of the worldwide market for membrane separation technology.

Challenges in the Silicone Gel Market:

The use of silicone gel is limited to certain end applications, while its substitutes are employed in many applications such as bioterrorism, biohazards, and gas and liquid dehydration applications, due to their low cost. Due to their versatile applications and relatively low cost, these alternatives to silicone gel are often preferred by customers. For example, activated alumina is versatile, easy to use, affordable, and offers superior pH stability. It can also be employed for reverse-phase chromatography and is stable and suitable for high-temperature HPLC. Also, unlike silica, it does not decompose.

SILICONE GEL MARKET REPORT COVERAGE:

Silicone Gel Market Segmentation:

By End-Use Industry:

• Electrical & electronics
• Medical & pharmaceutical
• Cosmetics & personal care

The worldwide silicone gel market is dominated by the electrical and electronic industries. This end-use industry is predicted to dominate the silicone gel market, in terms of value and volume, from 2022 - 2027. This is due to the key properties of silicone gels, such as hydrophobicity, strong dielectric degradation, and Resistance to high and low temperatures, which allow these gels to be employed in critical and harsh environments in the electrical and electronics industry.

Silicone Gel Regional Analysis:

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa 

Asia-Pacific is the largest and fastest-growing region in the silicone gel market. There is an increase in calls for silicone gel applications, especially in emerging markets in Asia and the Pacific. In addition, the escalating use in the photovoltaic sector, together with the call for advanced, low-cost, and small-sized electronic components in major Asia-Pacific countries such as China, India, Japan, and South Korea is driving the call for silicone gel in this region. These factors are driving companies to adopt investment and expansion strategies in this region. Asia-Pacific occupied a significant share of all regions in 2021. It is predicted to grow rapidly during the foreseen period.

North America followed the Asia Pacific in terms of market share in 2021. It is estimated to grow rapidly over the foreseen period. In terms of volume, North America is predicted to be the second-fastest-growing market for silicone gel in the medium-term foreseen period. To ensure consistency and good quality of food and beverage products, quantifiable testing is being conducted while new products are being developed and during the current production of the diverse food and beverage group in North America. Chromatography has been an imperative method for obtaining durable and unaltered food and beverage products. The heavy use of silicone gel in chromatography for pharmaceutical and biopharmaceutical research activities is predicted to drive the expansion of the silicone gel market in North America. However, the high cost of silicone gel, coupled with the environmental regulations imposed by the United States government governing the use of silicone gel, will hamper market expansion in the region to some extent.

Recent Developments in the Silicone Gel Market:

• Applied Silicone Corp. a long-term supplier of implantable silicones to the medical device and critical healthcare markets, has implemented a new high-strength reactive silicone gel for the implantable medical device market.
• Wockhardt plans to launch a proprietary silicone gel, Kelo-cote, for treating scars and keloids in India by the third quarter of this year. The company has signed a license agreement with the American company Advanced Biotechnologies Inc to market the gel in India.

Silicone Gel Market Key Players:

1. Shin-Etsu Chemical Co., Ltd. (Japan)

2. KCC Corporation (South Korea)

3. Momentive Performance Materials Inc. (U.S.)

4. Wacker Chemie AG (Germany)

5. Gelest Inc. (U.S.)

6. Siltech Corporation (Canada)

7. DOW Corning Corporation (U.S.)