Market Size of Silicone Gel Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Silicone Gel Market Analysis
The global market for silicone gel is expected to register a CAGR of over 5% during the forecast period. The major factor driving the market studied is increasing demand for cosmetics and personal care industry. On the flip side, high manufacturing cost and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
The electrical and electronics industry is expected to dominate the demand for the market studied over the forecast period.
The Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries, such as China, India, and Japan.
