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Silicone Gel Market Share, Top Company Profile Like ( Dow Corning Corporation, Shin-Etsu Chemical Co., Ltd., Wacker Chemie AG, Momentive) Trends, Insight and Application 2024
Global Silicone Gel Market – Industry Trends and Forecast to 2024
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Global Silicone Gel Market By Product (Inorganic Silicone Gel, Organic Silicone Gel); Thickness (above 7.0nm, 5nm to7.0nm, 4.5nm to 5nm, below 2.5nm); By End-Use Industry (Electrical & Electronics, Medical & Pharmaceuticals, Cosmetics & Personal Care); Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Market Definition:
Silicone gel is a synthetic gel used to fill breast implants, effective in various types of scars such as superficial scars, hypertrophic scars, and keloids. It holds self-drying capacity. Patient having scars on their body parts may get troublesome to them sometimes when it cannot be covered from clothes, a self- drying gel i.e. silicone gel has been introduced which is transparent when applied on skin. It has its wide application in electrical & electronics, medical & pharmaceuticals, cosmetics & personal care. Efficient & superior properties of silicone gels may act as the major driver in the growth of silicone gel market. On the other hand, high manufacturing cost may hamper the market.
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Competitive Analysis:
The global silicone gel market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Short Market Segmentation:
On the basis of product:- Inorganic silicone gel and organic silicone gel.
On the basis of thickness:- Above 7.0nm, 5nm to7.0nm, 4.5nm to 5nm, and below 2.5nm
On the basis of end use industry:- Electrical & electronics, medical & pharmaceuticals, cosmetics & personal care, and others.
On the basis of geography:- North America, South America, Europe, Asia-Pacific and Middle East & Africa.
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Major Market Drivers:
• Efficient & superior properties of silicone gels
• Low toxicity
• Rapid increase in growth of electrical & electronics industry across the world
• Upcoming demand from various new end-use industries
Market Restraint:
• High manufacturing cost
Major Market Competitors
• Dow Corning Corporation,
• Shin-Etsu Chemical Co., Ltd.,
• Wacker Chemie AG,
• Momentive,
• Bluestar Silicones,
• GELEST, INC,
• KCC CORPORATION,
• NUSIL,
• Siltech Corporation,
• Applied Silicone Corporation,
• Henkel AG & Co. KGaA,
• North Coast Medical Inc.,
• Novagard Solutions,
• Silicone Solutions,
• among others.
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