The global Medical Grade Silicone market is anticipated to grow significantly at a CAGR of 6.0% over the forecast period (2021-2027). The key aspect that drives the growth of the global Medical Grade Silicone market is the wide range of properties possessed by the medical grade silicone. These silicones exhibit both bio-durability as well as biocompatibility that contribute towards the hydrophobicity, chemical resistance among other unique properties of medical grade silicone. Hence, these silicones possessing such properties are likely to find huge applications in the medical sector. Thus, silicones are used for the manufacturing of medical devices, medical tapes, oral care, prosthetics & orthopedic, contact lenses, and other products. This is likely to contribute to the growth of the market over the forecast period.
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Besides, the presence of the key players continuously innovating novel technologies also enhances market growth. Players such as 3M Co., DOW Corning Corp., Henkel AG & Co. KGaA, Royal DSM NV, Momentive Performance Materials Inc., Saint-Gobain Performance Plastics, and Wacker Chemie AG among others substantially contribute to the market growth. For instance, Dow Corning Corp. provides the strongest silicone soft skin adhesive, named, Dow Corning MG 7-1010 Soft Skin Adhesive, for wearable medical devices. The novel Dow Corning MG 7-1010 Soft Skin Adhesive offered by the company is a strong, durable adhesive that is suitable for sensitive skin. Hence, this is likely to promote the product portfolio of the medical grade silicone products and in turn, will enhance the growth of the market over the forecast period.
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Market Coverage
- Market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered- By Form and Application
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- 3M Co., DOW Corning Corp., Henkel AG & Co. KGaA, Royal DSM NV, Momentive Performance Materials Inc., Saint-Gobain Performance Plastics, and Wacker Chemie AG among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in base year?
- Which segment/region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Medical Grade Silicone Market – Segmentation
By Form
- Gels
- Medical Adhesives
- Medical Coatings
- Elastomers
By Application
- Medical Devices
- Medical Tapes
- Oral Care
- Prosthetics & Orthopedic
- Contact Lenses
- Others
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