Global Silicone Gel Market 2018-2022
About Silicone Gel
Silicone gel has a clear jelly- like structure. It consists of soft cured polymers that exhibit excellent flexibility, chemical resistance, and electric strength. Interconnected individual’s polymer molecules in silicone gel form loosely crosslinked networks.
Technavio’s analysts forecast the global silicone gel market to grow at a CAGR of 6.46% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global silicone gel market for 2018-2022. To calculate the market size, the report considers the revenue generated from the use of silicone gel in different end- user.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Silicone Gel Market 2018-2022
Technavio recognizes the following companies as the key players in the global silicone gel market: ChemChina, DowDuPont, KCC CORPORATION, Momentive, Shin-Etsu Chemical, Wacker Chemie.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing demand for silicone gel in the renewable energy industry. Increasing investments in solar energy from the US, China, India and Geremany are likely to fuel the demand for the market.
According to the report, one of the major drivers for this market is the rise in demand for silicone gel in the medical and pharmaceutical sector. The increasing use of silicone use of silicone gel as a filler material in prosthetics, owning to its low weight, strength, and durability which is expected to drive the market growth.
Further, the report states that one of the major factors hindering the growth of this volatility in raw material prices. The limited availability of raw materials has led vendors to increase the price of silicone- based products.
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