Silicon Gel Market Will Grow at Highest Pace Owing To Increasing Adoption in Personal Care Products

 

Silicone Gel Market

Silicone gel is a soft, synthetic rubber material that is effective in protecting sensitive skin from heat and moisture. It is commonly used in various personal care products such as acne patches, scar treatment sheets, masks, creams to keep the skin hydrated. Silicone gel forms a protective layer on the skin that prevents irritation, allergy and protects from bacteria. It is lightweight, non-greasy and non-sticky in texture. The increasing demand for personal care products and skincare regimes especially among millennials is a major factor fueling the growth of the global silicone gel market.

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 7.4% over the forecast period 2024 To 2031.

Key Takeaways
Key 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, ACC Silicones Ltd., Gelest Inc., KCC Corporation, Nusil Technology LLC., Henkel AG Co. Major players are focusing on new product launches and expanding their production capacity to cater to the growing demand.
The demand for silicone gel is increasing from personal care industry owing to its superior moisture locking and skin protecting properties. It is widely used in various skin care products such as night creams, primer, day creams etc. The rising awareness about skin care among consumers is a key factor driving the sales of personal care products containing silicone gel.
Technological advancements have allowed manufacturers to develop innovative grades of silicone gel with enhanced properties. New product variants catering to specific requirements of end use industries like medical, automotive etc. are expanding the application scope of silicone gel.

Market Trends
Growing demand from medical industry: Silicone gel is increasingly replacing other materials in medical applications such as breast implants, tissue expanders and orthopedic implants owing to its high biocompatibility.
Expanding automotive industry: Silicone gel finds wide usage in vibration damping and rubber components in vehicles. The recovering global automotive industry is creating significant demand for silicone gel.

Market Opportunities
Development of antimicrobial grades: There is potential to develop novel grades of silicone gel containing antimicrobial additives for use in personal care and medical applications to prevent bacterial growth.
Recycling of silicone gels: Opportunities exist in recycling discarded silicone gel products to recover materials for reuse. Effective recycling processes can promote sustainability in the industry.

Impact of COVID-19 on Global Silicone Gel Market Growth
The outbreak of COVID-19 pandemic impacted the global silicone gel market significantly. Various strict lockdown measures implemented around the world halted production activities across end-use industries like electronics, automotive, construction, healthcare, etc. which substantially reduced the demand for silicone gel. Supply chain disruptions due to international travel bans and restrictions on transportation also negatively influenced the market growth amid the pandemic. However, the demand from healthcare sector experienced significant growth due to increasing usage of silicone gel in medical devices for treatment of COVID-19 infected patients. With mass vaccination drives and resumption of economic activities post pandemic, the silicone gel market is anticipated to recoup losses and regain growth momentum over the forecast period.

Geographical Regions with Major Market Concentration
In terms of value, Asia Pacific region holds the dominant share in the global silicone gel market, with China, Japan, South Korea, India being the major countries accounting for sizable revenues. Growing electronics sector, expanding automotive industry and rising investments in construction activities drive the silicone gel demand in the region. North America is another prominently profitable region, majorly contributed by the US owing to well-established healthcare sector, automakers and electronics manufacturers present in the country. Europe follows next in terms of regional market value share due to presence of key end-use industries in countries like Germany, Italy, UK, France etc.

Fastest Growing Regional Market
The silicone gel market in Middle East & Africa region is expected to expand at fastest pace during the forecast timeline, exhibiting double digit CAGR over 2024-2031. Factors such as rapidly developing industrial base in African countries like South Africa, Egypt, increasing per capita income, growing medical tourism propel silicone gel consumption. Initiatives by governments to attract foreign investments in various industries including oil & gas, infrastructure, automotive also provide impetus for market growth. Healthcare infrastructure development across Middle Eastern countries additionally drives the regional demand. Thus, the MEA region is likely to emerge as lucrative market for silicone gel in the forthcoming years.

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